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India's Tata Sons board approves fresh five-year term for Chairman Chandrasekaran, source says
The board of India’s Tata Sons has approved a fresh five-year term for N. Chandrasekaran as executive chairman, a source familiar with the matter said on Thursday, reversing his decision last month not to seek reappointment. The reversal comes days after the Reserve Bank of India rejected Tata Sons’ request to be exempted from rules that would require it to list. The reasons for the change were not immediately clear, the source added, declining to be named as they are not authorised to speak to the media. Chandrasekaran, whose current term ends in February 2027, said last month he would not se...
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