Thousands march on streets of Brussels demanding permanent ceasefire in Gaza    Impeached South Korean president charged with insurrection    Three children drown every day in India's wetlands, but mothers are fighting back    Saudi Film Commission Joins Asian Film Commissions Network (AFCNet)    Bird feathers found in engines of crashed Jeju Air jet    105th batch of King Faisal Air Academy students graduated    HADAF supports employment of 437,000 Saudis in private sector in 2024    Probe ordered into power outage in southern regions as electricity service fully restored to all consumers    'National History Lab' launched in Riyadh to preserve and innovate Saudi history    Saudi Permanent Representative Dr. Al-Tokhais presents credentials to UNESCO Chief    Education sector commercial records grow by 22% in 2024    Hans Zimmer delivers a spectacular musical night at Riyadh Season    Saudi Arabia to host regular World Economic Forum global meeting starting 2026    Trump shrugs off Elon Musk's criticism of AI announcement    Injured Djokovic booed off after quitting semi-final    Why do athletes earn such high incomes?    Julian Quinones' brace secures Al Qadsiah's 2-0 win over Al Orobah    Al Ittihad defeats Al Shabab 2-1 to stay in title race with Al Hilal    Tina Turner's lost Private Dancer song rediscovered    Comeback queens, blockbusters and Succession stars: The Oscar nominations previewed    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Indian tycoon Ratan Tata dies aged 86
Published in The Saudi Gazette on 10 - 10 - 2024

Indian tycoon Ratan Tata has died aged 86, says the Tata Group, the conglomerate he led for more than two decades.
Tata was one of India's most internationally recognized business leaders.
The Tata Group is one of India's largest companies, with annual revenues in excess of $100bn (£76.5bn).
In a statement announcing Tata's death, the current chairman of Tata Sons described him as a "truly uncommon leader".
Natarajan Chandrasekaran added: "On behalf of the entire Tata family, I extend our deepest condolences to his loved ones.
"His legacy will continue to inspire us as we strive to uphold the principles he so passionately championed."
During his tenure as chairman of the Tata Group, the conglomerate made several high-profile acquisitions, including the takeover of Anglo-Dutch steelmaker Corus, UK-based car brands Jaguar and Land Rover, and Tetley, the world's second-largest tea company.
UK Business Secretary Jonathan Reynolds said in tribute that Tata was a "titan of the business world" who "played a huge role in shaping British industry".
A profile published in the Economist magazine in 2011 called Tata a "titan", crediting him with transforming the family group into "a global powerhouse".
"He owns less than 1% of the group that bears his family name. But he is a titan nonetheless: the most powerful businessman in India and one of the most influential in the world," the magazine said.
In 2012, he retired as chairman of the group and was appointed chairman emeritus of Tata Sons, the group's holding company.
Indian Prime Minister Narendra Modi hailed Tata as a "visionary business leader, a compassionate soul and an extraordinary human being".
Paying tribute on X, formerly known as Twitter, Modi recounted "countless interactions" with Tata and said he was "extremely pained" by his death.
Tata was born in a traditional Parsi family in 1937. He studied architecture and structural engineering at Cornell University in the US.
In 1962, he joined Tata Industries — the promoter company of the group — as an assistant and spent six months training at a company plant in Jamshedpur.
From here, he went on to work at the Tata Iron and Steel Company (now Tata Steel), Tata Consultancy Services (TCS) and National Radio and Electronics (Nelco).
In 1991, JRD Tata, who had led the group for over half a century, appointed Ratan Tata as his successor. "He [JRD Tata] was my greatest mentor... he was like a father and a brother to me — and not enough has been said about that," Tata later told an interviewer.
In 2008, the Indian government awarded him the Padma Vibhushan, the country's second-highest civilian honor.
Peter Casey, author of The Story of Tata, described Tata as a "modest, reserved and even shy man" who had a "stately calm" about him and a "fierce discipline".
He was drawn into a rare unsavory controversy in 2016, when his successor as Tata Sons chairman, Cyrus Mistry, was ousted from the role, sparking a bitter management feud. Mistry died in a car crash in 2022.
The business tycoon also had a lighter side to him. His love for fast cars and planes was well-known — the Tata group website describes these as some of his "enduring passions".
Tata was also a scuba diving enthusiast, a hobby that fizzled with age "as his ears could take the pressure no more".
He was also a dog lover and fondly remembered the many pets who gave him company over the decades.
"My love for dogs as pets is ever strong and will continue for as long as I live," the industrialist said in a 2021 interview.
"There is an indescribable sadness every time one of my pets passes away and I resolve I cannot go through another parting of that nature. And yet, two-three years down the road, my home becomes too empty and too quiet for me to live without them, so there is another dog that gets my affection and attention, just like the last one," he said.
He was also often praised for his simplicity. In 2022, a video of him traveling in a Nano car — one of the world's cheapest cars, now mostly remembered as one of Tata's failed dreams — went viral on social media. — BBC


Clic here to read the story from its source.