CURRENT AFFAIRS

Detailed explanation-1: -Ratan Tata takes over as interim Chairman; five-member selection panel to choose successor in four months.

Detailed explanation-2: -Ratan Tata, who was a special invitee to the board meeting expressed his satisfaction on the progress and performance of the Tata Group under the leadership of N Chandrasekaran.

Detailed explanation-3: -Natarajan Chandrasekaran, the Chief Executive Officer of Tata Consultancy Services (TCS), has been appointed as the Chairman of the $100 billion conglomerate.

Detailed explanation-4: -Mistry, who was the sixth chairman of Tata Sons, succeeding Ratan Tata, was unceremoniously removed from the position in October 2016, over disagreements over running the conglomerate.