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Ratan Tata
Chairman, Sir Ratan Tata Trust and Allied TrustsBirth DetailsDecember 28, 1937 | Mumbai, India
NationalityIndian
LeagueBusiness Leader
EducationBachelor of Science, Cornell University; AMP, Harvard Business School
Ratan Tata's Journey so far ...
Before you go ...
- Ratan Naval Tata studied architecture and structural engineering in New York's Cornell University, and completed his Bachelor of Science degree in 1962. He joined the Tata Group later that year after a brief stint with Jones and Emmons in Los Angeles
- After working in various group companies, including TELCO (now Tata Motors) and TISCO (now Tata Steel), he was appointed as the chairman of Tata Industries in 1981. He eventually went on to become the group's fifth chairman in 1991, succeeding his uncle J.R.D. Tata.
- In his tenure, Ratan Tata restructured the group as he slashed the number of companies in the group from over 300, and bought new businesses with growth potential
- Under his chairmanship, various group companies of Tata Sons went on to generate huge revenues and he turned the salt to software conglomerate into a $100 billion group
- Ratan Tata also steered the conglomerate’s overseas expansion deftly as various Tata Group companies acquired big global brands
- In 2000, the UK-based Tetley was acquired by Tata Tea (now Tata Consumer Products Limited) for $407 million and is now sold in over 40 countries.
- Ratan Tata helped Tata Motors in acquiring Daewoo Commercial Vehicles for $102 million in 2004. It was then the largest Indian takeover in Korea
- In the biggest-ever foreign takeover by an Indian company, he led Tata Steel to acquire the Anglo-Dutch steelmaker Corus in 2007 for $12.2 billion. The deal catapulted the brand into becoming the world's fifth-largest steelmaker
- A year later, Tata Motors acquired two quintessential British cars Jaguar, and Land Rover - from Ford for $2.3 billion. Tata himself was directly involved in the turnaround plan of the company, and by 2017, JLR’s revenue topped $34 billion
- In a path-breaking move, Ratan Tata launched Nano at the Auto Expo in 2008. Dubbed as the cheapest car, Nano took Tata Motors to the world stage making it a case study in many business schools
- At the age of 75, Ratan Tata stepped down in December 2012 after completing 50 years in the group. He came back briefly for two-and-a-half months in 2016 after Tata Sons sacked Cyrus Mistry and before N Chandrasekaran was appointed as Chairman.
- His post-retirement investment includes buying stakes in over a dozen startups. He also continues to be involved with the Tata Trust, the charitable organisation of the Tata group founders which focuses on tackling child malnutrition, healthcare, literacy and social justice
Before you go ...
- Ratan Tata has received numerous honorary degrees as well as the Government of India's second and third highest civilian awards: the Padma Vibhushan in 2008 and the Padma Bhushan in 2000
- He holds a licence for flying and is a trained pilot. He is the first civilian to fly an F-16
- He was inspired to launch the Nano when he saw a family of four on a motorcycle trying to navigate their way as heavy rains lashed Mumbai. The sight of the kids being sandwiched between the mother and father, provoked him to experiment with an option that would be heavily subsidised and yet safe
Last Updated: 15/02/2021
Ratan Tata News
Shares of Tata Power rise as Nifty gainsOn the technical charts, the 200-day moving average of the stock stood at Rs 356.6.
Sensational Index 80K: With Budget on horizon, bulls hit new milestone in T20 styleEquity indices soar as Sensex hits 80,000 fueled by banking stocks. Market anticipates rate cut, global support, and foreign investment. Earnings rise expected with stock rotation amidst market surge.
- Market Trading Guide: Tata Consumer Products, BHEL among 4 top stock recommendations for ThursdayShrikant Chouhan, Head Equity Research at Kotak Securities, stated that as long as the index traded above 24,200/79,600, the bullish structure was likely to continue. Above this level, the market could rally up to 24,400/80,200, and further upside was possible, which could lift the index up to 24,500/80,500.
TISS Mumbai sees mean CTC of Rs 26.31 lakh during final placementsThe Tata Institute of Social Sciences (TISS) in Mumbai has concluded final placements for its 2022-24 HRM & LR batch. The mean CTC was Rs 26.31 lakh, and the median CTC was Rs 25.28 lakh, with the highest at Rs 49 lakh. The top 10% and top 25% averaged Rs 39 lakh and Rs 35.26 lakh respectively. Despite the challenging year, 66 of 78 students received packages of Rs 20 lakh or more
- 7 equity mutual funds offer over 20% return in both three and five yearsSeven equity mutual funds have delivered over 20% returns based on daily rolling returns over the past three and five years, as per ACE MF data.
- Best SUVs in India under Rs 12 lakh: Tata Nexon, Kia Sonet and moreBest SUV in India: Tata Nexon, Kia Sonet, maruti suzuki brezza and more SUV under Rs 12 lakh.
HDFC Bank leads financial sector rally, powering D-Street to all-time highsThe 30-stock S&P BSE Sensex reached a record high of 80,074.3 before closing the session at 79,987, up by 545 points or 0.69%. Meanwhile, the broader Nifty hit a peak of 24,309.15 before ending the day at 24,287, gaining 163 points or 0.67%.
M&M, Power Grid, 11 other stocks outperform Sensex in its fastest 10,000 points marathonAs a NEWS EDITOR, investors are urged by Nilesh Shah to maintain a long-term perspective and proper asset allocation as Sensex reaches the 80,000 milestone. He draws parallels with Nasdaq's history and notes Gold's outperformance compared to Nifty in the first half of 2024.
Tata Power shares drop 0.27% as Sensex risesA total of 573,919 shares changed hands on the counter till 01:34PM (IST)
Tata Elxsi shares up 0.5% as Nifty gainsA total of 7,736 shares changed hands on the counter till 11:37AM (IST).
SKF India, Tata Power among 5 stocks to trade ex-dividend tomorrowInvestors rejoice as lucrative dividend opportunities await with Tide Water Oil Company (India) trading at around Rs 2,389.85 on BSE, declaring a generous dividend of Rs 20 per share for eligible shareholders on July 4.
‘Organic’ and ‘natural’? India’s $32 billion packaged food and beverage industry struggles with disclosuresThe packaged food industry should be more upfront about the ingredients they use to make products. It is a question of public health, say experts.
Automakers take lead in FY24 salary hikes with double-digit raisesMost organisations that follow the April to March fiscal cycle hand out salary increments during April to July. About 84% of the companies surveyed by Deloitte have already doled out this year’s increment.
Indian software sector earnings will remain modest in Q1: here’s whyInfosys and LTIMindtree are expected to lead a modest increase in average growth for Indian software service providers in the first quarter of FY25. However, previous top performers, Tata Consultancy Services (TCS) and HCLTech, may see pressure on profits and margins as they work to reignite growth.
Adani joins Tata and Ambani in race for elusive India superappGiven the limited traction gained by Ambani’s MyJio and Tata’s Neu despite their wider range of consumer businesses, the Adani Group — whose businesses are largely infrastructure and heavy industrial ones — may have set itself a daunting task.
AI Express decides to defer inquiries against cabin crew; next conciliation meeting on Aug 8Air India Express cabin crew issues are discussed in conciliation meetings. BMS delegation meets Civil Aviation Minister to address support and salary concerns. Proposal for tri-party meeting involving AIX Connect is under consideration.
Tata Hitachi to invest Rs 200cr in FY'25, localisation remains top priorityTata Hitachi Construction Machinery has announced a Rs 200 crore investment in its manufacturing plants to boost quality, innovation, and localisation. The company aims to increase localisation levels to 70% in 2-3 years. The company plans to produce 60-tonne dump trucks in India and introduce more models under the 'Atmanirbhar' policy. Managing Director Sandeep Singh highlighted the importance of localisation for cost control and expressed optimism for infrastructure development post-Union budget.
TCS signs five-year partnership with Sydney MarathonTCS did not disclose the financials of the partnership. This is the latest marathon to be added to TCS's portfolio. The TCS Sydney Marathon is part of the larger running events including four World Marathon Major races in New York, London, Chicago and Boston, alongside marathons in Amsterdam, Mumbai, Singapore and Toronto.
Is it time to start buying IT stocks? Macquarie’s Ravi Menon explainsThe IT sector anticipates growth is being driven by AI and enterprise technology spending amid concerns over interest rates and consulting demand. Companies like Tata Technologies are facing valuation challenges in the engineering services segment, contrasting with positive growth prospects for IT services, says Ravi Menon, IT Services Analyst, Macquarie.
Tata Power shares drop 0.58% as Sensex risesA total of 241,552 shares changed hands on the counter till 12:17PM (IST)
NFO Tracker: How new mutual funds launched in 2024 are doingDiscover the top performers like Motilal Oswal Nifty Realty ETF and HDFC Manufacturing Fund, showcasing impressive returns in the market. These funds have attracted significant assets and delivered strong performances within a specific period of time in 2024.
Tata Elxsi shares gain 0.19% as Sensex risesA total of 1,322 shares changed hands on the counter till 11:11AM (IST)
Tata Motors' passenger EV sales dropped 34 pc in JuneTata Motors experiences sales decline in passenger vehicles, including EVs, in June. Despite challenges, the company foresees a recovery in demand, especially with the upcoming festive season. Tata Motors stands ready to capitalize on growth opportunities, driven by a strong SUV portfolio and expanding presence in the international market.
U-Turn: Sensex, Nifty erase gains after hitting record highsFrom the Sensex pack, Infosys, HCL Tech, TCS, and Bharti Airtel opened higher, while Tata Motors, Kotak Mahindra Bank, Bajaj Finance, and ICICI Bank opened in the red.Shares of Kotak Mahindra dropped 2% after US short-seller Hindenburg said that the lender created and oversaw a fund that Hindenburg investors used to short Adani stocks.
F&O radar | Deploy Bull Call Spread in Tata Motors to benefit from potential up-moveTata Motors stock shows strong bullish momentum supported by technical indicators, suggesting potential upside movements with a Bull Call Spread options strategy for traders anticipating a moderate rise in price.
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