Financial data from stock exchanges or financial news websites

Ratan Tata, Visionary Leader of Tata Group, Passes Away at 86 on October 9, 2024

Oct 10, 2024, 01:19 AM

Ratan Tata, the chairman emeritus of India's Tata Group, has passed away on October 9, 2024, at the age of 86. Tata, who was admitted to Mumbai's Breach Candy Hospital for age-related ailments, was initially reported to be in critical condition. His death marks the end of an era for the Tata Group and the nation. Known for his visionary leadership, Tata transformed Tata Sons from a $5 billion company in 1991 to a global powerhouse with revenues exceeding $100 billion by 2012. His strategic acquisitions, including Jaguar Land Rover and Corus, and his dedication to philanthropy left an indelible mark on Indian industry and society. Tributes have poured in from industry leaders, politicians, and admirers, celebrating his profound impact on business and philanthropy. The Maharashtra government has declared a one-day mourning in his honor.