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India's Tata group shares rise after reports of fresh term for Chair Chandrasekaran
BENGALURU: Shares of major Tata group companies rose on Thursday after media reports said that Tata Sons has approved a fresh five-year term for N. Chandrasekaran as executive chairman. Major Tata group stocks rose between 0.15% and 5%, led by Tata Investment Corp. Tata Motors Passenger Vehicles rose 5%, while Tata Motors climbed 3%. IT major TCS, which had risen as much as 3%, pared gains and was last up 0.2%. “The strength in Tata group stocks, particularly companies in which Tata Sons has meaningful holdings, reflects investor confidence that leadership continuity could support the next leg...
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