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Tata stock prices crash after chairman announced

After it was announced that the TCS CEO N Chandrasekharan would become the Tata group chairman, after the removal of Cyrus Mistry, the share prices of the tata group companies crashed as it indicated the lack of second level leadership in the group according to media reports. The shares of TCS, the largest tata group company crashed by as much as 4% on Friday 13 January 2016 . The tata group has a large number of companies and it will be difficult to make many of these companies profitable due to the reduced demand in many countries.

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