Ratan Tata, chairman emeritus of Tata Sons, dies at 86 in Mumbai hospital

Ratan Tata had on Monday said he was seeking regular treatment due to his age and related medical conditions.

Tata Sons Chairman Emeritus Ratan Tata died in a Mumbai hospital on Wednesday. He was being treated in critical condition and had been in the hospital for the last few days. Ratan Tata, 86, said on Monday that he was seeking regular treatment due to his age and related medical conditions.

After receiving the news of the death of noted engineer Ratan Tata, Mumbai Police officials were informed about the incident and keeping security in mind, the security at the Breach Candy Hospital in Mumbai will soon be increased. Reportedly, Maharashtra Deputy Chief Minister Devendra Fadnavis may reach the hospital late at night.

Ratan Tata, who died on October 9, took over as chairman of Tata Sons from JRD Tata in March 1991 and resigned in December 2012 after 50 years at the helm of the company.

Currently, six companies- Tata Consultancy Services, Tata Steel, Tata Motors, Titan Company, Tata Consumer Products and Trent- are part of the Nifty50 index a cumulative weightage of half a dozen Tata-group companies is 10 per cent of index of which they have a combined market capitalization close to Rs 28 lakh crore

The country's largest IT player, India's second largest company with a market capitalization of Rs 15.45 lakh crore, Tata Consultancy Services (TCS) is one of the country's largest banks The company was listed in 2004, making it the second last IPO by the Tata Group before Tata Technologies. it is set up in such a way that.

Consistent with declared dividends, TCS, an IT giant, has grown profits by more than 115 per cent in the last five years, compared with around 12 per cent by 2024. Software the solutions player is also one of the largest Indian export providers. Antique Stock Broking has a hold rating on TCS with a target price of Rs 4,450, while Sherkhan issues a buy tag for Rs 5,230.

The company is scheduled to announce its Q2 earnings later today. Sagar Shetty, research analyst, Stockbox expects TCS to report moderate revenue growth in Q2FY25, influenced by muted performance in India with more weakness in retail and CPG growth. The revenue growth is likely to depend on the BSNL deal with the US. Takeover of BFSI projects.

Home-grown car company Tata Motors Ltd has zoomed nearly 700 per cent in the last five years. Written by Ratan Tata

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