Deutsche Bank Recognizes Ratan Tata's Legacy with Commemorative Plaque in Mumbai
Deutsche Bank installs a commemorative plaque to honor Ratan Tata's contributions. The South Mumbai building, a heritage property, was once the private residence of the Tata family. The event was attended by Ratan Tata's half-brother and current chairman
Deutsche BankRatan TataTata GroupNexstemVisaReal Estate MumbaiNov 07, 2024
The Tata Group, founded by Jamsetji Tata in 1868, is one of the largest and most respected business conglomerates in India. It operates in various sectors, including steel, automobiles, consumer products, and information technology. Ratan Tata, who served as the chairman of the Tata Group from 1991 to 2012, played a crucial role in transforming the group into a global powerhouse.
The installation of the plaque is a testament to Ratan Tata's contributions to the business world and his enduring influence on the Tata Group. The event marks a significant moment in the history of the Tata family and Deutsche Bank's presence in Mumbai.
In other business news, deep-tech startup Nexstem has raised USD 3.5 million from a group of investors, including Infoedge, Zupee, Smile Group, and Nikhil Kamath and Abhijeet Pai's Gruhas. The funds will be used to scale the company's non-invasive Brain-Computer Interface (BCI) solutions and expand its intellectual property portfolio.
Tata Group-run Croma has appointed Shibashish Roy as its new chief executive, effective November 18. The appointment is part of the company's succession planning, as the current CEO and managing director, Avijit Mitra, is set to retire in March 2025. Mitra will continue to serve as managing director until his retirement.
Global payments major Visa has elevated Rishi Chhabra to the position of country manager. Chhabra will report to Sandeep Ghosh, group country manager for the cluster of markets including India, Sri Lanka, Maldives, Bangladesh, Nepal, and Bhutan. This move underscores Visa's commitment to strengthening its leadership in the Indian market.
Genwise, a club for senior citizens, has tied up with Axis Bank to introduce an easy-to-use UPI platform for elders. The service will feature a simple user interface and essential security features to ensure safe and convenient transactions for older users.
Frequently Asked Questions
What is the significance of the commemorative plaque installed by Deutsche Bank in Mumbai?
The commemorative plaque installed by Deutsche Bank in Mumbai honors the legacy of industrialist Ratan Tata. The South Mumbai building, a heritage property, was once the private residence of the Tata family and is now a symbol of their contributions to business and society.
Who was present at the event for the installation of the plaque?
Ratan Tata's half-brother and current chairman of Tata Trusts, Noel Tata, was present at the event for the installation of the plaque by Deutsche Bank.
What sectors does the Tata Group operate in?
The Tata Group operates in various sectors, including steel, automobiles, consumer products, and information technology. It is one of the largest and most respected business conglomerates in India.
How much funding has Nexstem raised, and what will it be used for?
Nexstem has raised USD 3.5 million from a group of investors. The funds will be used to scale the company's non-invasive Brain-Computer Interface (BCI) solutions and expand its intellectual property portfolio.
Who has been appointed as the new CEO of Croma, and when will the appointment take effect?
Shibashish Roy has been appointed as the new CEO of Croma, effective November 18. The appointment is part of the company's succession planning as the current CEO and managing director, Avijit Mitra, is set to retire in March 2025.
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