Amidst escalating stand-off between Ratan Tata and his estranged successor, group firm Tata Global Beverages on Tuesdayreplaced Cyrus Mistry with group veteran Harish Bhat as its chairman. This is the second Tata group firm where Mistry has been removed from the post of chairman since he was ousted as the chairman of group holding firm Tata Sons on October 24.
On November 10, group’s crown jewel Tata Consultancy Services replaced Mistry with another group veteran Ishaat Hussain as interim chairman. “After extensive deliberations, and keeping in view the long-term interest and alignment of all stakeholders and stability of the company,

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