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
https://arab.news/j5hkc
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
Muslims who voted for Trump upset by his pro-Israel cabinet picks
- Muslim support for Trump helped him win Michigan and may have factored into other swing state wins, strategists believe
- Hassan Abdel Salam, a former professor at the University of Minnesota said Trump’s staffing plans were not surprising, but had proven even more extreme that he had feared
WASHINGTON: US Muslim leaders who supported Republican Donald Trump to protest against the Biden administration’s support for Israel’s war on Gaza and attacks on Lebanon have been deeply disappointed by his Cabinet picks, they tell Reuters.
“Trump won because of us and we’re not happy with his Secretary of State pick and others,” said Rabiul Chowdhury, a Philadelphia investor who chaired the Abandon Harris campaign in Pennsylvania and co-founded Muslims for Trump.
Muslim support for Trump helped him win Michigan and may have factored into other swing state wins, strategists believe.
Trump picked Republican senator Marco Rubio, a staunch supporter of Israel for Secretary of State. Rubio said earlier this year he would not call for a ceasefire in Gaza, and that he believed Israel should destroy “every element” of Hamas. “These people are vicious animals,” he added.
Trump also nominated Mike Huckabee, a former Arkansas governor and staunch pro-Israel conservative who backs Israeli occupation of the West Bank and has called a two state solution in Palestine “unworkable,” as the next ambassador to Israel.
He has picked Republican Representative Elize Stefanik, who called the UN a “cesspool of antisemitism” for its condemnation of deaths in Gaza, to serve as US ambassador to the United Nations.
Rexhinaldo Nazarko, executive director of the American Muslim Engagement and Empowerment Network (AMEEN), said Muslim voters had hoped Trump would choose Cabinet officials who work toward peace, and there was no sign of that.
“We are very disappointed,” he said. “It seems like this administration has been packed entirely with neoconservatives and extremely pro-Israel, pro-war people, which is a failure on the on the side of President Trump, to the pro-peace and anti-war movement.”
Nazarko said the community would continue pressing to make its voices heard after rallying votes to help Trump win. “At least we’re on the map.”
Hassan Abdel Salam, a former professor at the University of Minnesota, Twin Cities and co-founder of the Abandon Harris campaign, which endorsed Green Party candidate Jill Stein, said Trump’s staffing plans were not surprising, but had proven even more extreme that he had feared.
“It’s like he’s going on Zionist overdrive,” he said. “We were always extremely skeptical...Obviously we’re still waiting to see where the administration will go, but it does look like our community has been played.”
The Trump campaign did not immediately respond to an email seeking comment.
Several Muslim and Arab supporters of Trump said they hoped Richard Grenell, Trump’s former acting director of national intelligence, would play a key role after he led months of outreach to Muslim and Arab American communities, and was even introduced as a potential next secretary of state at events.
Another key Trump ally, Massad Boulos, the Lebanese father-in-law of Trump’s daughter Tiffany, met repeatedly with Arab American and Muslim leaders.
Both promised Arab American and Muslim voters that Trump was a candidate for peace who would act swiftly to end the wars in the Middle East and beyond. Neither was immediately reachable.
Trump made several visits to cities with large Arab American and Muslim populations, include a stop in Dearborn, a majority Arab city, where he said he loved Muslims, and Pittsburgh, where he called Muslims for Trump “a beautiful movement. They want peace. They want stability.”
Rola Makki, the Lebanese American, Muslim vice chair for outreach of the Michigan Republican Party, shrugged off the criticism.
“I don’t think everyone’s going to be happy with every appointment Trump makes, but the outcome is what matters,” she said. “I do know that Trump wants peace, and what people need to realize is that there’s 50,000 dead Palestinians and 3,000 dead Lebanese, and that’s happened during the current administration.”
Trump promises to end wars with a ‘strong military’
- “We’re going to work on the Middle East and we’re going to work very hard on Russia and Ukraine. It’s got to stop,” Trump added
PALM BEACH, United States: US President-elect Donald Trump on Thursday promised a “strong military,” as he repeated his pledge to end the war between Russia and Ukraine.
Trump, who campaigned on an “America First” foreign policy, has said previously that he wanted to strike a deal between Kyiv and Moscow, without giving details, and end bloodshed in the Middle East.
“We have to get back to a great country with low taxes and a strong military. We’re going to fix our military, we did once and now we’re going to have to do it again,” he said Thursday at a gala organized by the America First Policy Institute at his Mar-a-Lago resort in Palm Beach, Florida.
“We’re going to work on the Middle East and we’re going to work very hard on Russia and Ukraine. It’s got to stop,” Trump added.
He also criticized the “big chunk” of US spending on Afghanistan, from where American troops withdrew in 2021 after two decades of fighting an insurgency by the Taliban, which returned to power that year.
Trump’s re-election has the potential to upend the almost three-year conflict between Russia and Ukraine, throwing into question Washington’s multibillion-dollar support for Kyiv, which is crucial to its defense.
The Republican said on the campaign trail that he could end the fighting within hours and has indicated he would talk directly with Russian President Vladimir Putin.
Trump has not said how he intends to strike a peace deal on Ukraine or what terms he would propose.
Ukraine slams Scholz after first call with Putin in two years
- “This is exactly what Putin has been wanting for a long time: it is extremely important for him to weaken his isolation,” Zelensky said
- Scholz spoke with Zelensky before and after the call with Putin, the chancellor’s spokesman said, but the early warning failed to quell Kyiv’s concerns.
BERLIN: Ukrainian President Volodymyr Zelensky Friday accused Germany’s Olaf Scholz of playing into the hands of Russian President Vladimir Putin after the chancellor spoke by phone to the Kremlin chief for the first time in almost two years.
In the call, Scholz “condemned Russia’s war of aggression against Ukraine and called on President Putin to end it and withdraw troops,” the chancellor’s spokesman Steffen Hebestreit said.
The German leader “urged Russia to show willingness to negotiate with Ukraine with the aim of achieving a just and lasting peace,” Hebestreit added in a statement.
The Kremlin confirmed the call between Scholz and Putin, which it said was held at the invitation of the German side.
Putin had a “detailed and frank exchange of views over the situation in Ukraine” with Scholz, the Kremlin said.
Putin told the German leader that any agreement to end the war in Ukraine “should take into account the security interests of the Russian Federation,” the Kremlin added.
An accord should “proceed from the new territorial realities and, most importantly, address the root causes of the conflict.”
Russia has demanded Ukraine surrender four regions as a precondition for talks, which Kyiv has rejected.
Ukraine responded angrily to Berlin reviving its lines of communication with Moscow. The call had opened a “Pandora’s Box,” Zelensky said.
“This is exactly what Putin has been wanting for a long time: it is extremely important for him to weaken his isolation,” Zelensky said.
Scholz spoke with Zelensky before and after the call with Putin, the chancellor’s spokesman said, but the early warning failed to quell Kyiv’s concerns.
“What is needed are concrete, strong actions that will force him to peace, not persuasion and attempts at appeasement, which he sees as a sign of weakness and uses to his advantage,” Ukraine’s foreign ministry said.
As well as Ukraine, Scholz also notified the countries of the so-called Quad, which includes France, the United States and Britain, a source close to French President Emmanuel Macron said.
The chancellor’s message to Putin was not “coordinated” between the allies but the French side expected to be informed on the contents, the source said.
During the hour-long call, Scholz “condemned in particular Russian air strikes against civilian infrastructure in Ukraine,” a German government source said.
Scholz “made it clear that sending North Korean soldiers to Russia for combat missions against Ukraine would lead to a serious escalation and expansion of the conflict,” the source said.
The German and Russian leaders “agreed to remain in contact,” while Berlin would keep its allies updated, the source added.
Scholz will have an opportunity for discussions at a meeting of G20 leaders in Brazil next week, from which Putin will be notably absent.
Putin has spoken to few NATO and Western leaders since 2022, when the EU and the US imposed massive sanctions on Russia for launching its shock Ukraine offensive.
His last known phone call with the leader of a major Western country was his previous conversation with Scholz in December 2022.
Almost 1,000 days after Russia launched its full-scale invasion, Ukraine is bracing for what could be the most difficult winter of the war so far.
Much of Ukraine’s energy infrastructure has been destroyed by Russian bombardments and Kyiv’s troops are increasingly on the back foot.
Germany has been one of Ukraine’s biggest military supporters, second only to the United States in the aid it has sent to Kyiv.
But the election of Donald Trump, who has criticized aid to Ukraine, as the next US president, has called into question Washington’s continued support.
Trump said on the campaign trail that he could end the fighting within hours and has indicated he would talk directly with Putin.
The Kremlin has denied reports that Putin and the president-elect of the United States recently discussed the Ukraine conflict by phone.
Scholz, who did speak with Trump following his election win, told the German daily Sueddeutsche Zeitung on Friday that the incoming US leader had a “more nuanced” position on the conflict than was commonly assumed.
Following the Putin-Scholz call, Polish Prime Minister Donald Tusk said he had been updated by the German leader on the discussion.
Tusk was “satisfied” that Scholz had “reiterated the Polish position: ‘Nothing about Ukraine without Ukraine’,” he said on social media platform X.
Croatian health minister arrested and sacked over alleged graft
- Beros’ lawyer Laura Valkovic told local media that he denied any criminal responsibility
- The prime minister’s comments came after Croatia’s Office for the Suppression of Corruption and Organized Crime (USKOK) said it was conducting several arrests
SARAJEVO: Croatian Health Minister Vili Beros was sacked on Friday after being arrested on suspicion of corruption, Prime Minister Andrej Plenkovic said.
Beros’ lawyer Laura Valkovic told local media that he denied any criminal responsibility. The health ministry declined to comment.
The prime minister’s comments came after Croatia’s Office for the Suppression of Corruption and Organized Crime (USKOK) said it was conducting several arrests.
The European Public Prosecutor’s Office also said it had initiated an investigation against eight people, including Beros and the directors of two hospitals in Zagreb, over alleged bribery, abuse of authority and money laundering.
Croatia’s State Attorney Ivan Turudic, whose office works closely with USKOK, said there were two parallel investigations into the alleged crimes and that EPPO has not informed his office nor USKOK about its investigation.
Turudic said Beros was accused of trade of influence. He said two other individuals had been arrested and one legal entity would be investigated on suspicion of the criminal act of receiving a bribe.
The people detained will be brought before an investigative judge who will decide on any pre-trial detention, Turudic told a news conference.
The EPPO said that a criminal group seeking to secure financing for the sale of medical robotic devices in several hospitals was suspected of giving bribes to officials to try to win contracts for projects, including EU funded ones.
“What is obvious is that this is about criminal acts of corruption,” Plenkovic said. “On behalf of the government, I want to say that agencies authorized for criminal persecution should investigate everything.”
Protesters storm parliament in breakaway Georgian region Abkhazia over deal with Russia
- Eshsou Kakalia, an opposition leader and former deputy prosecutor general, said the parliament building was under the control of the protesters
- “We will now seek the resignation of the current president of Abkhazia,” he was quoted by Russia’s Interfax news agency as saying
TBILISI: Protesters stormed the parliament of the Russian-backed breakaway Georgian region of Abkhazia on Friday and opposition politicians demanded the resignation of the self-styled president over an unpopular investment agreement with Moscow.
Protesters used a truck to smash through the metal gates surrounding the parliament in the capital Sukhumi. Video from the scene then showed people climbing through windows after prying off metal bars and chanting in the corridors.
Eshsou Kakalia, an opposition leader and former deputy prosecutor general, said the parliament building was under the control of the protesters.
“We will now seek the resignation of the current president of Abkhazia,” he was quoted by Russia’s Interfax news agency as saying. Protesters also broke into the presidential administration offices located in the same building as the parliament.
Emergency services said at least eight people were taken to hospital.
The presidential administration said in a statement that authorities were preparing to withdraw the investment agreement with Russia that some Abkhaz fear will price them out of the property market.
Russia recognized Abkhazia and another breakaway region, South Ossetia, as independent states in 2008 after Russian troops repelled a Georgian attempt to retake South Ossetia in a five-day war.
Most of the world recognizes Abkhazia as part of Georgia, from which it broke away during wars in the early 1990s, but Russian money has poured into the lush sub-tropical territory where Soviet-era spa resorts cling to the Black Sea coast.
RUSSIAN MONEY
Abkhazian lawmakers had been set to vote on Friday on the ratification of an investment agreement signed in October in Moscow by Russian Economy Minister Maxim Reshetnikov and his Abkhazian counterpart, Kristina Ozgan.
Abkhazian opposition leaders say the agreement with Moscow, which would allow for investment projects by Russian legal entities, would price locals out of the property market by allowing far more Russian money to flow in.
The opposition said in a statement that the protesters’ actions were not against Russian-Abkhazian relations.
“Abkhazian society had only one demand: to protect the interests of our citizens and our business, but neither the president nor the parliament have heard the voice of the people until today,” Interfax cited the statement as saying.
Earlier this week Abkhazia’s self-styled president, Aslan Bzhania, held an emergency security council meeting after protesters blocked a key highway and rallied in central Sukhumi to demand the release of four activists.
The activists, who were subsequently freed, had been detained for opposing the passage of a law regulating the construction industry which references the Russian-Abkhazian agreement.
In 2014, demonstrators stormed the presidential headquarters, forcing then-leader Alexander Ankvab to flee. He later resigned over accusations of corruption and misrule.
Opposition leader Raul Khadzhimba, elected following the unrest in 2014, was himself forced to step down in 2020 after street protests over disputed election results.
