Indian business mogul Ratan Tata, who transformed his namesake group into a global conglomerate, has died at the age of 86. Indian industrialist Ratan Tata, who is credited with transforming the Tata Group into a globally renowned conglomerate, has died at age 86, the company said late Wednesday. Indian Prime Minister Narendra Modi called Tata "a visionary business leader, a compassionate soul and an extraordinary human being". The prime minister praised Tata for providing "stable leadership to one of India's oldest and most prestigious business houses". The Tata Group said his philanthropy work "touched the lives of millions."

Source: Daily Nation October 09, 2024 19:58 UTC