News about Natarajan Chandrasekaran

Indian industrialist Ratan Tata, credited with transforming the Tata Group into a globally renowned conglomerate, has died at age 86. Mr Tata died at a hospital in Mumbai on Wednesday night, the Tata Group confirmed. Under Mr Tata, the company grew into a sprawling international enterprise with a portfolio ranging from software to sports cars, including the acquisition of British car brands Jaguar and Land Rover. Tata chairman Natarajan Chandrasekaran said in a statement: '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.

According to reports, Tata Group, the firm's Indian parent Tata Group, will pump £700 million into the company as it shifts to more eco friendly methods of steelmaking. In the United Kingdom, Tata Steel employs 8,000 workers, half of whom work at Port Talbot in South Wales. The agreement comes just weeks after the Tata industrial empire gave the Tata family another £500 million subsidy to convince it to build a UK 'gigafactory,' where it would produce vehicle batteries for Tata-owned car maker Jaguar Land Rover. Ministers have separately held discussions for months with Scunthorpe-based British Steel, another manufacturer, for an additional £500 million support package.

Kemi Badenoch, the British Trade Secretary, arrives in Jaipur for a summit with her G20 colleagues before having critical talks in New Delhi. She and Commerce Minister Piyush Goyal will review the talks for a new deal between the UK and India, which are currently in their toughest stages. Mrs Badenoch will also consult with business executives, including Natarajan Chandrasekaran, chairman of Tata Group, which is constructing a £4 billion electric car battery plant in the United Kingdom.

Prime Minister Rishi Sunak and Natarajan Chandrasekaran, chairman of parent company Tata Sons, have been in talks since long-running talks and private discussions. Tata Group, an Indian conglomerate, said the site in South West England had been chosen ahead of a competitor location in Spain, and that production will begin in 2026. The company is set to invest £4 billion into the gigafactory, which is expected to result in the creation of 4,000 jobs, but the government is also expected to provide subsidies worth hundreds of millions of pounds.