Business
Mukesh Ambani talks succession for 1st time as RIL chief
The wealthiest Indian, Mukesh Ambani, mentioned on Tuesday about the leadership transition of his energy retail conglomerate, saying he hopes the elderly, including him, will speed up the process and make concessions to the younger generation.
The 64-year-old Ambani has not mentioned the succession plan of the country’s most valuable company before. He said that Reliance is “in the process of achieving a major leadership transition.”
Ambani has three children-the twins Akash and Isha, and Anant.
On the Reliance Family Day to commemorate the birthday of Dhirubhai Ambani, the founder of the group, he said that Reliance Industry Co., Ltd. will become the most powerful and well-known in the world in the next few years. One of the Indian multinational companies. And the green energy sector, as well as retail and telecommunications businesses have reached unprecedented heights.
“Achieving lofty dreams and seemingly impossible goals is all about finding the right people and the right leaders. Reliance is now making an important leadership transition…from the predecessors of my generation to the younger generation of the next generation. Leader,” he said.
And this process, he wants to be “accelerated.”
News18.com, a news outlet owned by Ambani, reported the speech.
The company did not immediately respond to an email requesting comment on Ambani’s remarks about his succession.
Ambani said: “All predecessors-including myself-should now succumb to Reliance’s highly capable, extremely loyal and very promising young leaders.” “We should guide them, help them, encourage them and empower them. Power…then sit down and applaud because they behaved better than us.”
Cimplete News Source : Business Standard
Business
Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise
%20(3).jpg "Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise")
Tributes continue to pour in for Ratan Tata, with Virat Kohli and Jay Shah taking to their social media accounts to bid farewell to the industrialist.
Former Indian captain and batting legend Virat Kohli paid a touching tribute to Ratan Tata, the legendary business tycoon, who passed away on Wednesday night. Tata, a Padma Vibhushan recipient, was undergoing treatment in intensive care since Monday but breathed his last in Mumbai, leaving a profound impact on many across the nation.
Kohli expressed his condolences through his Instagram account on Thursday morning, sharing a heartfelt message along with a photo of the late industrialist.
Tata’s contribution to business, society, and philanthropy has been widely acknowledged, and his passing marks the end of an era.
The Board of Control for Cricket in India (BCCI) secretary, Jay Shah, also conveyed his sorrow, stating, “Deeply saddened by the loss of Shri Ratan Tata Ji. His leadership, integrity, and dedication to society set a remarkable standard for legacy. My heartfelt condolences to his loved ones. Rest in peace, Sir.” Shah’s words reflect the collective grief of a nation that has long admired Tata’s contributions to the country.
BCCI’s tribute
Additionally, the BCCI issued a statement about his demise.
“The BCCI expresses its deepest sorrow and joins the nation in mourning the passing of Shri Ratan Tata ji. His invaluable contributions across diverse fields have been instrumental in shaping India’s growth and success story.
His extraordinary legacy, founded on the principles of passion, empathy, visionary leadership, innovation, and excellence, will continue to inspire and guide future generations for years to come,” the statement read.
Ratan Tata, born on December 28, 1937, in Mumbai, embarked on his journey with the Tata Group in 1962 as a young executive. Over the decades, he transformed the group into a global conglomerate. His work was acknowledged with India’s second-highest civilian honour, the Padma Vibhushan, in 2008, and he received numerous accolades, including honorary doctorates from prestigious institutions in India and abroad.
Tata is survived by his family, including brothers and sisters Simone Tata, Jimmy Tata, Noel Tata, Aloo Tata, Shireen Jejeebhoy, Deanne Jejeebhoy, Leah Tata, Maya Tata, Neville Tata, Manasi Tata, Jamset Tata, Tiana Tata, and others, as mentioned in a family statement.
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