SAN FRANCISCO: Ratan Tata, the former Tata Group chairman who put a staid and sprawling Indian conglomerate on the global stage with a string of high-profile acquisitions, has died, the Tata Group said in a statement late on Wednesday. He was 86.
Tata, who ran the conglomerate for more than 20 years as chairman, had been undergoing intensive care in a Mumbai hospital, two sources with direct knowledge of his medical situation told Reuters earlier on Wednesday.
“It is with a profound sense of loss that we bid farewell to Mr. Ratan Naval Tata, a truly uncommon leader whose immeasurable contributions have shaped not only the Tata Group but also the very fabric of our nation,” the company said.
Ratan Tata “was a visionary business leader, a compassionate soul and an extraordinary human being,” Indian Prime Minister Narendra Modi said on social media platform X. “Extremely pained by his passing away. My thoughts are with his family, friends and admirers in this sad hour.”
After graduating with a degree in architecture at Cornell University, he returned to India and in 1962 began working for the group his great-grandfather had founded nearly a century earlier.
He worked in several Tata companies, including Telco, now Tata Motors Ltd. as well as Tata Steel Ltd, later making his mark by erasing losses and increasing market share at group unit National Radio & Electronics Company.
In 1991, he took the helm of the conglomerate when his uncle J.R.D. Tata stepped down — the passing of the baton coming just as India embarked on radical reforms that opened up its economy to the world and ushered in an era of high growth.
In one of his first steps, Ratan Tata sought to rein in the power of some heads of Tata Group’s companies, enforcing retirement ages, promoting younger people to senior positions and ramping up control over companies.
He founded telecommunications firm Tata Teleservices in 1996 and took IT firm Tata Consultancy Services. the group’s cash cow, public in 2004. But to grow properly, the group determined it needed to look beyond Indian shores.
It “was the quest for growth and changing the ground rules to say that we could grow by acquisitions which earlier we had never done,” he said in an interview with the Stanford Graduate School of Business in 2013.
The group purchased British tea firm Tetley in 2000 for $432 million and Anglo-Dutch steelmaker Corus in 2007 for $13 billion, at the time the biggest takeover of a foreign firm by an Indian company. Tata Motors then acquired British luxury auto brands Jaguar and Land Rover from Ford Motor Co. in 2008 for $2.3 billion.
His pet projects at Tata Motors included the Indica — the first car model designed and built in India — as well as the Nano, touted as the world’s cheapest car. He contributed initial sketches for both models.
The Indica was a commercial success. The Nano, however, priced at just 100,000 rupees (about $1,200) and the culmination of Ratan Tata’s dream to produce an affordable car for India’s masses, was hurt by initial safety issues and bungled marketing. It was discontinued a decade after its launch.
A licensed pilot who would occasionally fly the company plane, Ratan Tata never married and was known for his quiet demeanor, relatively modest lifestyle and philanthropic work.
About two-thirds of share capital of Tata Sons, the group’s holding company, is held by philanthropic trusts.
His leadership at Tata was not without controversy — most notably a bitter public feud after the company ousted Cyrus Mistry, a scion of the billionaire Shapoorji Pallonji clan, as chairman of Tata Sons in 2016.
The Tata Group said Mistry had failed to turnaround poorly performing businesses while Mistry accused Ratan Tata, who was chairman emeritus of the conglomerate, of interfering and creating an alternate power center at the group.
After he stepped back from the Tata Group, Ratan Tata became known as a prominent investor in Indian startups, backing a plethora of companies including digital payments firm Paytm, Ola Electric, a unit of ride hailing firm Ola, and home and beauty services provider Urban Company.
Among his many awards, he received the Padma Vibhushan, India’s second highest civilian honor, in 2008 for exceptional and distinguished service in trade and industry.
($1 = 83.9330 Indian rupees)
Ratan Tata, who put India’s Tata Group on the global map, dies at 86
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Ratan Tata, who put India’s Tata Group on the global map, dies at 86
- Tata transformed his family’s business conglomerate, the Tata Group, into a multinational corporation
- Tata Group put an indelible stamp on Indian life while acquiring British brand names like Tetley Tea and Jaguar
India child marriage crackdown reaches nearly 5,000 arrests
- India is home to more than 220 million child brides, according to the United Nations
- The legal marriage age in India is 18 but millions of children are forced to tie the knot when they are younger
“We will continue to take bold steps to end this social evil,” Himanta Biswa Sarma, chief minister of Assam state, said in a statement.
“Assam continues its fight against child marriage,” he added, saying raids have been carried out overnight and that those arrested would be produced in court on Sunday.
India is home to more than 220 million child brides, according to the United Nations, but the number of child weddings has fallen dramatically this century.
Assam state had already arrested thousands in earlier abolition drives that began in February 2023, including parents of married couples and registrars who signed off on underage betrothals.
It takes the total now arrested to more than 4,800 people.
Sarma has campaigned on a platform of stamping out child marriages completely in his state by 2026.
The legal marriage age in India is 18 but millions of children are forced to tie the knot when they are younger, particularly in poorer rural areas.
Many parents marry off their children in the hope of improving their financial security.
The results can be devastating, with girls dropping out of school to cook and clean for their husbands, and suffering health problems from giving birth at a young age.
In a landmark 2017 judgment, India’s top court said that sex with an underage wife constituted rape, a ruling cheered by activists.
Russian defense ministry says it downed 42 Ukrainian drones overnight
- The heads of the Rostov and Bryansk regions said there were no casualties or damage after the latest drone attacks
Twenty drones were shot down over the Oryol region, eight drones each were destroyed in the Rostov and Bryansk regions, five in the Kursk region and one over Krasnodar Krai, the ministry said in a post on the Telegram messaging app.
One attack triggered a fire at a fuel infrastructure facility in the village of Stalnoi Kon, said Andrei Klychkov, the governor of Oryol.
“Fortunately, thanks to the quick response, the consequences of the attack were avoided — the fire was promptly localized and is now fully extinguished. There were no casualties or significant damage,” he said.
It was the second week in a row where fuel infrastructure facilities in Oryol have been attacked.
The heads of the Rostov and Bryansk regions said there were no casualties or damage after the latest drone attacks.
Reuters could not independently verify the battlefield accounts.
China says US is ‘playing with fire’ after latest military aid for Taiwan
- US President Joe Biden authorized Saturday the provision of up to $571 million for Taiwan
- Separately, the Defense Department said Friday that $295 million in military sales had been approved
BEIJING: The Chinese government protested Sunday the latest American announcements of military sales and assistance to Taiwan, warning the United States that it is “playing with fire.”
US President Joe Biden authorized Saturday the provision of up to $571 million in Defense Department material and services and in military education and training for Taiwan. Separately, the Defense Department said Friday that $295 million in military sales had been approved.
A Chinese Foreign Ministry statement urged the US to stop arming Taiwan and stop what it called “dangerous moves that undermine peace and stability in the Taiwan Strait.”
Taiwan is a democratic island of 23 million people that the Chinese government claims as its territory and says must come under its control. US military sales and assistance aim to help Taiwan defend itself and deter China from launching an attack.
The $571 million in military assistance comes on top of Biden’s authorization of $567 million for the same purposes in late September. The military sales include $265 million for about 300 tactical radio systems and $30 million for 16 gun mounts.
Taiwan’s Foreign Ministry welcomed the approval of the two sales, saying in a social media post on X that it reaffirmed the US government’s “commitment to our defense.”
New hope for flight MH370 families as Malaysia agrees to resume search
- Plane carrying 239 people went missing en route from Kuala Lumpur to Beijing in March 2014
- Families say they hope new search operation will offer ‘long-awaited answers and closure’
KUALA LUMPUR: The families of Malaysia Airlines flight MH370 passengers have welcomed with renewed hope the announcement of a new search for the aircraft, which disappeared more than 10 years ago in one of the greatest mysteries in aviation history.
Flight MH370, a Boeing 777 with 239 people on board, went missing en route from Kuala Lumpur to Beijing in 2014.
The search became the most expensive operation in aviation history but ended inconclusively in 2018, leaving the families of those on board still haunted by the tragedy.
On Friday, Malaysia’s Transport Minister Anthony Loke announced that he hoped to “give closure to the families” as the government agreed to allow private contractor Ocean Infinity, which was the last to try to locate the plane, to resume search efforts.
He told reporters that the operation would focus on a new area spanning 15,000 sq. km in the southern Indian Ocean — a development raising hope among relatives of passengers and crew aboard flight MH370.
“The significance of this renewed search cannot be overstated. For the families of passengers, the scientific community and global civil aviation safety, it offers renewed hope for long-awaited answers and closure,” Voice 370, the association representing them, said in a statement.
“We, the next of kin, have endured over a decade of uncertainty, and we hope that the terms of the renewed search are finalized at the earliest and the decks are cleared for the search to begin.
“We continue to hope that our wait for answers is met.”
Ocean Infinity, the private underwater exploration firm that will undertake the $70 million search, was briefly involved in the 2018 efforts after a three-year operation covering 120,000 sq. km of the Indian Ocean failed to locate the aircraft and was suspended in 2017.
The new agreement was met on a no-find, no-fee basis, meaning that Ocean Infinity will be paid only when the wreckage is found.
“We are encouraged by Ocean Infinity’s readiness to deploy their advanced fleet, including sophisticated vessels, AUVs and cutting-edge imaging technologies,” Voice 370 said.
“We gather that the company has followed this up with thorough due diligence, analyzing all available data, and alternative scenarios proposed by independent researchers and recommendations on potential search areas.”
Flight MH370 took off from Kuala Lumpur in the early hours of March 8, 2014 and lost communication with air traffic control less than an hour later. Military radar showed the aircraft had deviated from its planned path. It remains unclear why that happened.
Many conspiracy theories have emerged to explain the aircraft’s disappearance, ranging from suspicions of the captain’s suicide to concerns over the 221 kg of lithium-ion batteries in the plane’s cargo, as well as the involvement of passengers, two of whom were found traveling on stolen passports.
When the probe was suspended, Kok Soo Chon, head of the MH370 safety investigation team, told reporters in July 2018 that his team was “unable to determine the real cause for disappearance of MH370” and “the answer can only be conclusive if the wreckage is found.”
Minorities fear targeted attacks in post-revolution Bangladesh
- String of attacks targeting religious minorities since a student-led uprising toppled long-time autocratic leader Sheikh Hasina
- Hindus make up about eight percent of the mainly Muslim nation of 170 million people in Bangladesh
DHAKA: For generations, the small Hindu temple outside the capital in Muslim-majority Bangladesh was a quiet place to pray – before arsonists ripped open its roof this month in the latest post-revolution unrest.
It is only one of a string of attacks targeting religious minorities since a student-led uprising toppled long-time autocratic leader Sheikh Hasina in August.
“We don’t feel safe,” said Hindu devotee Swapna Ghosh in the village of Dhour, where attackers broke into the 50-year-old family temple to the goddess Lakshmi and set fire to its treasured idols on December 7.
“My son saw the flames and doused them quickly,” said temple custodian Ratan Kumar Ghosh, 55, describing how assailants knew to avoid security cameras, so they tore its tin roof open to enter.
“Otherwise, the temple – and us – would have been reduced to ashes.”
Hindus make up about eight percent of the mainly Muslim nation of 170 million people.
In the chaotic days following Hasina’s August 5 ouster there was a string of attacks on Hindus – seen by some as having backed her rule – as well as attacks on Muslim Sufi shrines by Islamist hard-liners.
“Neither I, my forefathers or the villagers, regardless of their faith, have ever witnessed such communal attacks,” temple guardian Ghosh said.
“These incidents break harmony and trust.”
Hasina, 77, fled by helicopter to India, where she is hosted by old allies in New Delhi’s Hindu-nationalist government, infuriating Bangladeshis determined that she face trial for alleged “mass murder.”
Attacks against Hindu temples are not new in Bangladesh, and rights activist Abu Ahmed Faijul Kabir said the violence cannot be regarded out of context.
Under Hasina, Hindus had sought protection from the authorities. That meant her opponents viewed them as partisan loyalists.
“If you analyze the past decade, there has not been a single year without attacks on minorities,” Kabir said, from the Dhaka-based rights group Ain o Salish Kendra.
This year, from January to November, the organization recorded 118 incidents of communal violence targeting Hindus.
August saw a peak of 63 incidents, including two deaths. In November, there were seven incidents.
While that is significantly more than last year – when the group recorded 22 attacks on minorities and 43 incidents of vandalism – previous years were more violent.
In 2014, one person was killed, two women were raped, 255 injured, and 247 temples attacked. In 2016, seven people were killed.
“The situation has not worsened, but there’s been no progress either,” said businessman and Hindu devotee Chandan Saha, 59.
Political rulers had repeatedly “used minorities as pawns,” Saha added.
The caretaker government has urged calm and promised increased security, and accused Indian media of spreading disinformation about the status of Hindus in Bangladesh.
Dhaka’s interim government this month expressed shock at a call by a leading Indian politician – chief minister of India’s West Bengal state Mamata Banerjee – to deploy UN peacekeepers.
Hefazat-e-Islam, an association of Islamic seminaries, has led public protests against India, accusing New Delhi of a campaign aimed at “propagating hate” against Bangladesh. India rejects the charges.
Religious relations have been turbulent, including widespread unrest in November in clashes between Hindu protesters and security forces.
That was triggered by the killing of a lawyer during protests because bail was denied for an outspoken Hindu monk accused of allegedly disrespecting the Bangladeshi flag during a rally.
Bangladeshi Islamist groups have been emboldened to take to the streets after years of suppression.
Muslim Sufi worshippers as well as members of the Baul mystic sect – branded heretics by some Islamists – have also been threatened.
“There’s been a wave of vandalism,” said Syed Tarik, a devotee documenting such incidents.
Muhammad Yunus, the 84-year-old Nobel Peace Prize winner appointed the country’s “chief adviser,” has called for dialogue between groups.
Critics say it is not enough.
“To establish a peaceful country where all faiths coexist in harmony, the head of state must engage regularly with faith leaders to foster understanding,” said Sukomal Barua, professor of religion at Dhaka University.
Sumon Roy, founder of Bangladesh’s association of Hindu lawyers, said members of the minority were treated as a bloc by political parties.
“They have all used us as tools,” Roy said, explaining that Hindus had been previously threatened both by Hasina’s Awami League and its rival Bangladesh National Party.
“If we didn’t support AL we faced threats, and the BNP blamed us for siding with the AL,” he said. “This cycle needs to end.”
