He put the Indian conglomerate on the global stage with a string of high-profile acquisitions.
Ratan Tata, chairman emeritus of Tata Sons, attends an event where he was inducted into the 2015 Automotive Hall of Fame in Detroit, Michigan July 23, 2015. - REUTERSPIX, the former Tata Group chairman who put a staid and sprawling Indian conglomerate on the global stage with a string of high-profile acquisitions, has died, the Tata Group said in a statement late on Wednesday. He was 86.
Ratan Tata “was a visionary business leader, a compassionate soul and an extraordinary human being,“ Indian Prime Minister Narendra Modi said on social media platform X. “Extremely pained by his passing away. My thoughts are with his family, friends and admirers in this sad hour.” In one of his first steps, Ratan Tata sought to rein in the power of some heads of Tata Group's companies, enforcing retirement ages, promoting younger people to senior positions and ramping up control over companies.
The Indica was a commercial success. The Nano, however, priced at just 100,000 rupees and the culmination of Ratan Tata's dream to produce an affordable car for India's masses, was hurt by initial safety issues and bungled marketing. It was discontinued a decade after its launch.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ratan Tata, who put India's Tata Group on the global map, dies at 86NEW DELHI: (Bloomberg) Ratan Tata (pic), the businessman who inherited one of India’s oldest conglomerates and transformed it through a string of eye-catching deals into a global empire, has died. He was 86.
Read more »
Ratan Tata, of India's Tata conglomerate, in hospital intensive care, sources sayThe 45-year-old, who's married to Malaysian artist Alan Chen, says having children (or not) is a personal choice.
Read more »
Non-profit UTAR to be taxedNEW DELHI: Ratan Tata, 86, breathed his last at Mumbai’s Breach Candy Hospital, where he had been admitted due to a sudden drop in blood pressure.
Read more »
No cold sweat for Zii Jia as he packs off Popov to start Arctic Open title defenceNEW DELHI: Ratan Tata, 86, breathed his last at Mumbai’s Breach Candy Hospital, where he had been admitted due to a sudden drop in blood pressure.
Read more »
Report food safety concerns to authorities, public urgedNEW DELHI: Ratan Tata, 86, breathed his last at Mumbai’s Breach Candy Hospital, where he had been admitted due to a sudden drop in blood pressure.
Read more »
Fan Bingbing back in the limelight in Malaysian movieNEW DELHI: Ratan Tata, 86, breathed his last at Mumbai’s Breach Candy Hospital, where he had been admitted due to a sudden drop in blood pressure.
Read more »