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French President Macron Pays Tribute to Ratan Tata’s Legacy

October 11, 2024, 7:20 am

On Thursday, French President Emmanuel Macron conveyed his heartfelt condolences over the passing of Ratan Tata, the iconic Indian industrialist and philanthropist. In a deeply emotional message, Macron highlighted Tata’s immense contribution to strengthening the relationship between France and India. “France has lost a dear friend from India,” Macron expressed.

Macron Praises Tata’s Leadership and Philanthropy

In a post on X, Macron acknowledged Ratan Tata’s visionary leadership, stating, “Ratan Tata’s visionary helmsmanship contributed to boosting industries in India and France, in the fields of innovation and manufacturing.” He went on to praise Tata’s extensive philanthropic work and humble nature, adding, “Beyond this, his legacy will be marked by his humanist vision, immense philanthropic achievements and his humility.”

French President Emmanuel Macron releases a condolence message on the demise of Ratan Tata. pic.twitter.com/J2lfIy4AK0

— ANI (@ANI) October 10, 2024

Condolences for a Lifelong Commitment to Society

President Macron extended his deepest sympathies to Tata’s family and the people of India, reflecting on the industrialist’s lasting commitment to societal progress. “I convey my deepest condolences to his near and dear ones as well as to the people of India,” Macron wrote, noting that Tata’s “lifelong commitment to the betterment of society” would be remembered “with admiration and respect.”

Final Rites Held in Mumbai

The final rites for Ratan Tata were conducted on Thursday evening at the Worli Crematorium in Mumbai, with full state honors. Among those attending the ceremony were his stepmother, Simone Tata, and close associate Shantanu Naidu. In a heartwarming gesture, Tata’s adopted stray dog, Goa, was also present to pay respects.

A Global Outpouring of Tributes

Tata‘s passing has led to an overwhelming outpouring of tributes from global leaders, who celebrated his leadership, philanthropic efforts, and impact on international relations. As the former chairman of Tata Group and Tata Sons, Ratan Tata passed away on October 9, 2024, leaving behind a remarkable legacy.

Tata’s Business Legacy and Global Expansion

Ratan Tata served as Chairman of Tata Sons, the holding company of the Tata Group, from 1991 until his retirement in 2012, after which he was named Chairman Emeritus. Recognized for his immense contribution to India, he was awarded the Padma Vibhushan, the country’s second-highest civilian honor, in 2008.

During his tenure, Tata Group expanded on a global scale, acquiring renowned brands like Jaguar Land Rover and Tetley. His commitment to innovation and sustainability continues to inspire future generations of entrepreneurs worldwide.

Ratan Tata’s Triumph: How He Transformed Humiliation into a Historic Jaguar-Land Rover Acquisition

October 10, 2024, 1:30 pm

Ratan Naval Tata, the former chairman of the Tata Group and a legendary industrialist, passed away at Breach Candy Hospital in South Mumbai at 11:30 PM on Wednesday. He was 86 years old. A recipient of the Padma Vibhushan, Tata had been in intensive care since Monday. His remarkable contributions to various industries will be remembered, as he played a key role in transforming sectors from automobiles to software and fast-moving consumer goods (FMCG). Under his leadership, Tata turned the Tata Group into India’s largest and most influential conglomerate through a series of strategic and high-profile deals.

Educational Background and Early Career

Educated at Cornell University in Ithaca, New York, Ratan Tata returned to India in 1962 and began his career on the shop floor of the family-run Tata Group. In 1991, he became chairman of Tata Industries and later took over as chairman of the Tata Group from his uncle, JRD Tata, who had led the company for over 50 years.

Expansion of the Tata Group

During his tenure, Ratan Tata led a significant expansion of the Tata Group, acquiring prestigious British assets, including the steelmaker Corus and the luxury car manufacturer Jaguar Land Rover (JLR). His acquisition of JLR in 2008 for $2.3 billion was particularly noteworthy, as it surprised competitors both in India and around the world.

The Acquisition Story of Jaguar Land Rover

The story of Tata’s acquisition of JLR is both dramatic and inspiring. In 1999, during a visit to the United States, Tata went to sell his struggling car business to Ford. However, during a meeting with Ford’s chairman, Bill Ford, he faced humiliation when Bill remarked, “You (Ratan Tata) do not know anything, why did you start the passenger car division at all? We are doing you a big favour by buying your car division.” This moment deeply affected Ratan Tata, leading him to withdraw from the deal and return to India.

Nine years later, circumstances had changed dramatically. Ford, which had acquired Jaguar from British Leyland for $2.5 billion, found itself struggling with losses in the ultra-premium segment. In a surprising turn of events, Ford approached Ratan Tata, offering to sell JLR to him. This time, the roles were reversed, and Bill Ford expressed gratitude, stating, “You (Ratan Tata) are doing us a big favour by buying JLR, thank you.”

Ratan Tata’s vision and strategic decisions have left an indelible mark on India’s industrial landscape. His legacy will continue to inspire future generations of entrepreneurs and business leaders.

Ratan Tata’s Electric Cremation: A Respectful and Eco-Friendly Farewell

October 10, 2024, 1:12 pm

The country is grieving the passing of renowned industrialist Ratan Tata, who passed away at the age of 86 at Mumbai’s Breach Candy Hospital. A state funeral will be held for him, with his last rites to take place at the Parsi crematorium in Worli.

Environmentally Friendly Cremation

In keeping with a modern, environmentally conscious approach, Ratan Tata’s body will be placed in an electric cremation unit. This method is seen as a more eco-friendly option for the cremation process.

Traditional Parsi Rituals

Before the cremation, Ratan Tata’s body will be taken to the Parsi crematorium in Worli. There, it will be placed in a prayer hall, where a traditional Parsi prayer service will take place. The service, lasting about 45 minutes, will include the recitation of the “Geah-Saranu,” a customary prayer for peace. A cloth will be placed over his face as the first chapter of “Ahanaveti” is read, which is an integral part of the ceremony, symbolizing peace for his soul.

Limited Attendance at the Prayer Hall

Only around 200 people will be allowed to attend the prayer service in the hall, ensuring an intimate and respectful farewell. After the prayer service concludes, the body will be placed in the electric cremation unit, completing the final rites.

A Dignified Farewell

Ratan Tata’s last journey will be marked with deep respect, honoring his life’s work and contributions to the nation. This dignified farewell, incorporating both tradition and modernity, will provide a fitting tribute to a man who shaped the future of Indian industry.

Ratan Tata’s Strategic Investments: Fueling the Rise of Indian Startups

October 10, 2024, 12:22 pm

Ratan Tata, the former Tata Group chairman, has been a pivotal figure in the startup world, contributing significantly to the growth of the global startup ecosystem. His unique investment strategy has not only provided startups with financial backing but also enhanced their brand visibility and credibility, which has helped them flourish in their respective industries.

Beyond his leadership at Tata Group, which operates across sectors like telecom, software, groceries, and fashion, Tata’s personal investments have propelled numerous startups to new heights, solidifying their market presence.

Also Read: RBI Governor Shaktikanta Das Pays Last Tribute to Industrialist Ratan Tata

Snapdeal

Following Flipkart’s acquisition of Myntra, Ratan Tata strategically invested in Snapdeal, with the investment amount undisclosed. His involvement added immense value to the company, increasing its prominence in the competitive e-commerce market.

Paytm

Originally a mobile recharge platform, Paytm transitioned into a comprehensive digital payments marketplace. In March 2015, Ratan Tata made an undisclosed investment in its parent company, One97 Communications, playing a critical role in its rapid growth and success.

Ola

In 2015, Tata made a personal investment in Ola, one of India’s leading ride-hailing services. Through his firm RNT Capital Advisors, he later provided additional funding. Tata’s backing enabled Ola to expand its operations across the country, becoming a dominant player in the transportation sector.

FirstCry

FirstCry, an e-commerce platform that specializes in baby care products, uses an omnichannel strategy, selling both online and through physical stores. Tata’s undisclosed investment in January 2016 gave the company a strong boost, fueling its growth.

Lenskart

In April 2016, Tata invested in Lenskart, an online eyewear retailer. Although the financial details remain undisclosed, Tata offered more than just monetary support, serving as a mentor and advisor. His guidance helped Lenskart grow into a major player in the Indian eyewear market, offering eyeglasses, sunglasses, and contact lenses.

UrbanCompany

UrbanCompany, previously known as UrbanClap, is a platform offering various local services such as plumbing, beauty treatments, and electrical work. Ratan Tata’s undisclosed investment in December 2015, alongside support from Snapdeal founders Kunal Bahl and Rohit Bansal, helped the company expand its offerings, establishing it as a leading platform for home services in India.

Through his strategic investments and mentorship, Ratan Tata has played a transformative role in shaping the startup landscape, helping companies not only grow but also thrive in their industries.

RBI Governor Shaktikanta Das Pays Last Tribute to Industrialist Ratan Tata

October 10, 2024, 12:05 pm

Reserve Bank of India (RBI) Governor Shaktikanta Das paid his final respects to the late veteran industrialist Ratan Tata in Mumbai. As one of India’s most respected business leaders, Ratan Tata’s demise has drawn tributes from various dignitaries, including prominent political and business figures. Governor Das joined many others at the National Centre for Performing Arts (NCPA) in Mumbai, where Tata’s mortal remains were kept for public viewing.

#WATCH | Mumbai | RBI Governor Shaktikanta Das pays last respects to industrialist Ratan Tata in Mumbai pic.twitter.com/TJVJyzcOb3

— ANI (@ANI) October 10, 2024

Shaktikanta Das, known for his contributions to India’s financial sector, offered his condolences and expressed deep admiration for Ratan Tata’s remarkable legacy.

The solemn gathering included other top officials and citizens who gathered to honor the visionary leader. Tata’s contribution to both industry and philanthropy was widely acknowledged during the public viewing, with many highlighting his leadership, humility, and unwavering commitment to the nation.

Ratan Tata’s passing marks the end of an era, and his influence will continue to inspire future generations of business leaders and entrepreneurs.

Ratan Tata’s Remarkable Resolve During the 2008 Taj Hotel Terror Attack

October 10, 2024, 11:49 am

Veteran industrialist and Chairman Emeritus of Tata Sons, Ratan Tata, passed away at the age of 86 at Breach Candy Hospital in Mumbai on Wednesday evening. He died at 11:30 p.m. after being in intensive care since Monday. Ratan Tata, a recipient of the prestigious Padma Vibhushan, led the Tata Group for over two decades, steering the company to new heights.

Also Read: Ratan Tata Final Rites: People Pay Last Respects to Ratan Tata at NCPA Lawns | WATCH

Ratan Tata’s journey with the Tata Group began after he earned a B.S. in architecture from Cornell University in Ithaca, New York, in 1962. A decade later, he became chairman of Tata Industries, and in 1991, he succeeded his uncle JRD Tata as chairman of the Tata Group, who had led the company for over 50 years. Under Ratan Tata’s leadership, the group evolved from its beginnings as a small textile and trading firm, founded in 1868, into a global giant. Its operations spanned across industries, from salt and steel to software, power plants, and airlines.

In 2008, Mumbai witnessed one of the most devastating terror attacks when 10 Pakistani terrorists entered the city by sea and launched attacks at key locations, including the Taj Hotel and Chhatrapati Shivaji Maharaj Terminus. This horrific event, orchestrated by Lashkar-e-Taiba, claimed 166 lives and injured over 300 people. Among the victims were 33 people who died in the 60-hour siege at the Taj Hotel, 11 of whom were employees of the Tata Group.

Ratan Tata, who was 70 at the time, displayed remarkable strength and resolve during this tragic period. He was seen standing outside the Taj Hotel while security forces worked to eliminate the terrorists. After the attack, Tata pledged to rebuild the Taj Hotel and ensure the well-being of the families affected by the attack. According to the BBC, he arranged for the families of the deceased to receive the salaries their loved ones would have earned for the rest of their lives. In the months that followed, Tata Group also established The Taj Public Service Welfare Trust (TPSWT) to provide humanitarian support during disasters. Ratan Tata personally visited the homes of victims to ensure their needs were being met.

In 2020, on the 12th anniversary of the Mumbai terror attacks, Ratan Tata reflected on the tragic event, describing it as “wanton destruction” that would never be forgotten. In an Instagram post, he praised the unity of Mumbai’s people during the crisis. “The wanton destruction that took place 12 years ago today will never be forgotten. But what is more memorable, is the way Mumbai as a diverse people came together, casting aside all differences, to vanquish the terrorism and destruction on that day,” he wrote. Tata further emphasized the importance of cherishing the acts of kindness, unity, and bravery that were displayed during those difficult times, hoping that these values would continue to shine in the future.

Also Read: Remembering Ratan Tata: Visuals Show His Legacy, From Tata Nano to Meeting Barack Obama : Watch

Ratan Tata Final Rites: People Pay Last Respects to Ratan Tata at NCPA Lawns | WATCH

October 10, 2024, 10:43 am

Ratan Tata, the famous industrialist, was taken from his home on Thursday morning in a hearse covered with white flowers. His body will be kept at the National Centre for Performing Arts (NCPA) in south Mumbai for people to pay their last respects.

Before the hearse left Tata’s house, the Mumbai Police band played a song to honor him. As news of his passing spread, many people from different backgrounds gathered outside his home early Thursday morning to pay tribute to him.

Cricket legend Sachin Tendulkar was one of the first visitors to Tata’s house. Ratan Tata, who is known for turning the Tata Group into a well-respected global company, died at the age of 86 on Wednesday night at Breach Candy Hospital in Mumbai.

After hearing about Tata’s death, several important people rushed to the hospital, including Chief Minister Eknath Shinde, Deputy Chief Minister Devendra Fadnavis, Maharashtra’s Education Minister Deepak Kesarkar, and industrialist Mukesh Ambani.

#WATCH | Maharashtra | People pay last respect to Ratan Tata, at NCPA lawns, in Mumbai

The last rites will be held at Worli crematorium after 4 pm, today pic.twitter.com/S1YIYH9Xif

— ANI (@ANI) October 10, 2024

On Thursday morning, Tata’s body was taken from the hospital in an ambulance, with police cars escorting it, and brought to his home in Colaba.

Also Read: Ratan Tata’s Mortal Remains to Be Displayed for Public Viewing

Ratan Tata’s Mortal Remains to Be Displayed for Public Viewing

October 10, 2024, 10:09 am

The public will have an opportunity to pay their final respects to the late industrialist Ratan Tata on Thursday at the NCPA Lawns, Nariman Point, Mumbai. According to a statement from Tata Trusts, his mortal remains will be available for public viewing starting at 10:30 am, and the final journey will begin at 4 pm.

The statement further instructed the public to enter through Gate 3 and exit from Gate 2 of NCPA Lawns, noting that no parking facilities will be provided at the premises. After the viewing, the remains will be transported to the Prayer Hall at the Worli Crematorium on Dr. E Moses Road for the final rites.

Preparations for the ceremony are underway at NCPA, with police cordoning off Marine Drive road beyond the Oberoi Hotel to manage traffic around the area.

Ratan Tata, Chairman Emeritus of Tata Sons, passed away on Wednesday at Breach Candy Hospital in Mumbai at the age of 86.

Union Home Minister Amit Shah will attend the final rites on behalf of the Government of India.

Maharashtra Chief Minister Eknath Shinde confirmed that Tata’s last rites will be performed with full state honours. The state government has also declared a day of mourning, during which the national flag will be flown at half-mast on all government buildings, and no cultural or entertainment events will be held.

TCS Q2 Results to Be Announced Today, Press Conference Unlikely After Ratan Tata’s Passing

October 10, 2024, 9:57 am

Tata Consultancy Services Ltd (TCS) has reportedly called off its scheduled press conference and interviews for its September quarter earnings following the death of Ratan Tata. Although the company has not provided any official updates on its website or through stock exchanges, the news has circulated. Business Today was unable to independently verify this information.

TCS had planned to announce its second-quarter financial results, ending on September 30, after market hours today. Additionally, the company’s board was expected to review the second interim dividend for the fiscal year 2025.

A press conference was originally planned for 5:30 p.m. IST, where the TCS leadership team was set to address the media. This event was to be broadcast live on various business news channels. Furthermore, the company had scheduled an earnings conference call for 7:00 p.m., where the leadership was expected to discuss financial performance and respond to questions from the media.

Prior to the earnings release, investors were primarily interested in the overall demand outlook within the SDS segment. Focus areas also included the company’s engagements with clients outside of Jaguar Land Rover (JLR) in the transportation sector, reasons for the slower-than-expected growth in auto deals, and the outlook for the media & communications, healthcare, and medical devices sectors. Additionally, there was interest in the progress being made in scaling up within the three core business verticals.

Kotak Institutional Equities projected that TCS would report a 9.9% year-on-year increase in net profit, reaching ₹12,461 crore, along with a 7.3% rise in net sales to ₹64,040 crore.

The brokerage further predicted a quarter-on-quarter revenue growth of 1.2% in constant currency (CC), largely driven by the transportation sector, along with stability in media & communications, and a significant decline in revenue from the healthcare and medical devices sectors. The transportation segment was expected to perform well despite challenges such as reduced demand and delays in large projects, with Jaguar Land Rover being a key contributor. However, media & communications clients were noted to be cautious about increasing their spending.

‘How Can I Say That Publicly?’ Ratan Tata’s Viral Comeback Leaves Audience In Splits | WATCH

October 10, 2024, 9:45 am

As the nation mourns the passing of Ratan Tata, chairman emeritus of Tata Sons, at the age of 86, an old video has resurfaced online, showcasing his charming wit. In the viral clip, a young girl asks Tata a seemingly straightforward question during an interview, saying, “My question is very simple. What excites you the most?”

WATCH THE VIRAL VIDEO:

With a playful smile, Tata quipped, “This is the most difficult question you have asked. How can I say that out publicly?” His humorous response sparked laughter throughout the hall, highlighting his down-to-earth and approachable personality. The video, now widely shared on social media, serves as a heartwarming reminder of Tata’s lighthearted nature, even amidst his towering business achievements.

Another heartwarming video has gone viral, perfectly capturing Ratan Tata’s humility and down-to-earth personality. In the clip, Ratan Tata is seen arriving at Mumbai’s iconic Taj Hotel in a modest white Nano car.

This striking visual has deeply resonated with netizens, highlighting the remarkable contrast between his towering business legacy and his simple, unassuming lifestyle.

Remembering Ratan Tata: Visuals Show His Legacy, From Tata Nano to Meeting Barack Obama : Watch

October 10, 2024, 9:36 am

Ratan Tata, the former chairman of Tata Sons, is celebrated for his remarkable career and contributions that have left a lasting impression on India’s industrial world. His success story is not only about business but also about his dedication to philanthropy and social causes. Here are some key milestones that reflect his extraordinary journey.

Tata Nano: A Game-Changer in the Auto Industry

One of the standout moments in Ratan Tata’s career was the launch of the Tata Nano in 2008, often called the “people’s car.” Tata’s vision was to make car ownership more affordable and accessible to Indian families. The Nano was designed to be safe and economical, showcasing innovative engineering. Though it encountered challenges in the market, the launch symbolized Tata’s drive to innovate and uplift the masses through affordable solutions.

Meeting Barack Obama: Strengthening Global Ties

Ratan Tata’s influence goes far beyond India. In 2010, he met with then US President Barack Obama, marking an important moment in international relations. Their discussions focused on business opportunities, investments, and sustainable development. This meeting underscored Tata’s status as a global business leader, highlighting his efforts to promote collaboration between India and the United States.

Padma Vibhushan: Recognition of Outstanding Contributions

In 2008, Ratan Tata was awarded the Padma Vibhushan, India’s second-highest civilian honor, by President Pratibha Patil at Rashtrapati Bhavan.

This award was a tribute to his significant contributions to India’s economy and his role in expanding the Tata Group into a global enterprise. The ceremony was a proud moment for both Tata and the nation, recognizing his leadership’s role in India’s industrial advancement.

#WATCH | Industrialist Ratan Tata passes away at Breach Candy Hospital in Mumbai.

Glimpses from the life of Ratan Tata, including the launch of Tata Nano, his meeting with Former US President Barack Obama and President Pratibha Patil presenting the Padma Vibhushan, a Civilian… pic.twitter.com/11DlMPhJpq

— ANI (@ANI) October 9, 2024

Dedication to Philanthropy and Social Welfare

Ratan Tata is equally known for his charitable work. Through the Tata Trusts, which control much of the group’s wealth, he has contributed to a range of social causes, focusing on education, healthcare, and rural development. His efforts have had a meaningful impact on millions of lives in India, solidifying his reputation as a leader who cares about societal progress.

Ratan Tata’s legacy is one of innovation, leadership, and generosity. From launching the Tata Nano to engaging with global leaders and receiving prestigious honors, his career is a testament to his commitment to both business excellence and social responsibility. His work continues to inspire future generations, and his influence on India’s growth and development will be remembered for years to come.

Rakesh Jhunjhunwala Praises Sir Ratan Tata And Jamsetji Tata’s Charitable Legacy | Old Video Goes Viral

October 10, 2024, 9:30 am

On the first death anniversary of Rakesh Jhunjhunwala, an old video has resurfaced, capturing the late stock market tycoon passionately lauding the Tata family’s contribution to Indian society. In the video, which was shared widely on social media platform X (formerly known as Twitter), Jhunjhunwala, often referred to as the “Big Bull” of Dalal Street, speaks highly of the Tatas, calling them his “role models in life.”

ALSO READ: Noel Tata: The Next In Line After Ratan Tata’s Passing?

Jhunjhunwala’s Admiration for the Tata Legacy

Speaking in the video, Jhunjhunwala praised the Tatas for their philanthropic endeavors and business acumen. He specifically highlighted the family’s commitment to charity, recalling how founders like Sir Jamsetji Tata and Sir Ratan Tata donated their wealth to societal causes. “The Tata family is blessed by God. They established India’s first steel plant, the first five-star hotel, and even the first cancer hospital offering free treatment to children. They created wealth for the betterment of society. What greater noble aim can there be?” he said.

ALSO RREAD: Ratan Tata’s Deep Bond with Dogs and Animal Welfare

WATCH THE VIRAL VIDEO:

On Rakesh Jhunjhunwala’s death anniversary ?

“Tata’s are blessed by God
They are my role model”

The greatness of Tatas from the legend Rakesh Jhunjhunwala ❤️ ❤️

There is nothing bigger than the Tatas ? ?? pic.twitter.com/vu8c1umKwM

— Aditya Shah (@AdityaD_Shah) August 14, 2023

Remembering the Big Bull

Rakesh Jhunjhunwala, who passed away on August 14, 2022, at the age of 62 due to a cardiac arrest, left behind a legacy of astute investments and inspirational market insights. At the time of his death, his net worth was estimated to be $5.8 billion, making him the 36th richest billionaire in India as per Forbes’ 2021 rankings. Jhunjhunwala began his investing journey in 1985 with just ₹ 5,000, growing it exponentially over the decades to become India’s largest individual investor. His enduring admiration for the Tatas reflects his appreciation for creating wealth with a purpose—a value that resonated deeply throughout his life.

ALSO READ: Ratan Tata’s Nano Ride To Taj Hotel Resurfaces And Goes Viral Again: WATCH Here