Skip to main content

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

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

Comments

Post a Comment

Popular posts from this blog

NSDL IPO GMP Live Update: Should You Subscribe to India’s Largest Depository’s Public Issue?

NSDL IPO GMP Live Update: Should You Subscribe to India’s Largest Depository’s Public Issue? 📌 Introduction: NSDL IPO Opens to Public — A Historic Moment for India’s Financial Markets The much-anticipated NSDL IPO opened for public subscription on July 30, 2025 , and entered its second day  with strong investor interest. Backed by India's biggest financial institutions and commanding a dominant market position, the ₹4,011 crore IPO of National Securities Depository Limited (NSDL) is drawing attention from retail and institutional investors alike. 💼 IPO Details: Key Facts You Need to Know IPO Size : ₹4,011 crore Type : 100% Offer for Sale (OFS) Price Band : ₹775 – ₹800 per share Lot Size : 18 shares Minimum Investment (Retail) : ₹13,680 Subscription Dates : July 30 to August 1, 2025 ⚠️ Note: Since it is an Offer for Sale, NSDL will not receive any proceeds. Funds go to existing shareholders exiting partially, including SBI, NSE, HDFC Bank, IDBI Bank, a...
Post a Comment
Read more

Shree Refrigerations IPO Allotment Status (2025): Here's How to Check Online

Shree Refrigerations IPO Allotment Status (2025): Here's How to Check Online The bidding window for Shree Refrigerations SME IPO was open from July 25 to July 29, 2025 . As per the IPO schedule, the basis of allotment is being finalized today, July 30, 2025 . Investors can now check the Shree Refrigerations IPO allotment status online through BSE or the official registrar’s website — MUFG Intime India Private Limited . Here’s a step-by-step guide to help you check your IPO allotment status online. 📌 How to Check Shree Refrigerations IPO Allotment Status on BSE You can verify your IPO application status through the BSE (Bombay Stock Exchange) website using the following steps: Visit the BSE IPO application status page . Under ‘Issue Type’ , select ‘Equity’ . In ‘Issue Name’ , select ‘Shree Refrigerations Ltd’ from the dropdown. Enter your Application Number or PAN Card Number . Confirm you’re not a robot by completing the CAPTCHA . Click ‘Submit’ . ...
Post a Comment
Read more

SBI Raises Home Loan Interest: How It Compares With Other Leading Lenders

 On 17 August 2025 , the State Bank of India (SBI) —India’s largest mortgage lender—raised the upper band of its home loan interest rates by 25 basis points , effective 1 August 2025 , elevating it from 8.45% to 8.70% , while maintaining the lower limit at 7.50%.  This change comes amid the RBI’s decision to hold the repo rate steady at 5.55% during its August monetary policy review. What Does This Mean for Borrowers? For prospective home loan applicants, this adjustment translates to higher borrowing costs and potentially increased EMIs , depending on their credit profile and the interest rate band they fall into. Current Home Loan Rates at Major Banks Bank Interest Rate Range SBI 7.50% to 8.70% (new upper limit) HDFC Bank Starting from 7.90% (home, balance transfer, renovation, extension) ICICI Bank 7.70% onwards (₹5 crore loans); varies by profile and loan size (8.75% to 9.80%) Kotak Mahindra Bank Starting 7.99% ; floating-to-fixed switch at 12% Bank of Baroda (BoB)...
Post a Comment
Read more