The business world mourns the loss of Ratan Naval Tata, the former chairman of Tata Sons, who passed away at the age of 86. Beyond his numerous accolades and achievements, Tata was known for his extraordinary character and humane qualities, including his love for dogs and ability to lead with dignity. As tributes pour in, Tata's legacy as a pioneering leader, who shaped not just the Tata Group but also the nation, will continue to live on.
Padma Vibhushan: A Prestigious Honor for Indian Citizens
The Padma Vibhushan is one of India's highest civilian awards, along with the Bharat Ratna and Padma Bhushan. It recognizes exceptional and distinguished service to the nation in various fields, including arts, public affairs, science, and engineering. The award was instituted in 1954 and is bestowed by the President of India.
Ratan Naval Tata, the former chairman of Tata Sons, was posthumously awarded the Padma Vibhushan in 2023. Tata passed away at the age of 86, leaving behind an unparalleled legacy as a visionary industrialist and philanthropist. His contributions to India's economic growth and social development were immense.
Top 5 FAQs Related to Padma Vibhushan and Ratan Naval Tata
1. Who is eligible for the Padma Vibhushan award?
Indian citizens who have made exceptional contributions to their field and to the nation as a whole are eligible for the Padma Vibhushan. The award is not restricted to any particular profession or field of work.
2. What is the process for nominating individuals for the Padma Vibhushan?
Nominations for the Padma Vibhushan award are made by the Government of India, state governments, union territories, and other organizations. The nominations are then reviewed by a selection committee, which recommends the final recipients to the President of India.
3. What are the criteria for selecting Padma Vibhushan awardees?
The selection criteria for Padma Vibhushan awardees include:
4. Who are some of the past recipients of the Padma Vibhushan award?
Notable past recipients of the Padma Vibhushan award include:
5. What was Ratan Tata's legacy and impact on India?
Ratan Tata led the Tata Group, India's largest conglomerate, for over two decades. Under his leadership, the group expanded its operations globally and became a respected name in various industries. Tata was also a renowned philanthropist, supporting numerous causes related to education, healthcare, and social welfare. His vision, leadership, and compassion have left an enduring legacy in India.
The initial public offering of NTPC Green Energy IPO has been highly anticipated, but market observers are reporting a lack of interest from investors. The company's grey market premium has remained low at only 0.93% over the IPO's upper price band, signaling a lack of enthusiasm, especially from non-institutional investors. This is a stark contrast to the high GMP observed in the past, showcasing how steep pricing can impact investor interest. However, shareholders of NTPC Ltd have an advantage, with a 10% quota reserved for them in the IPO.
Union Minister of Textiles Giriraj Singh highlighted the significance of carbon fibres in the textile industry and India's focus on amplifying technical textiles at the India International Trade Fair. With a budget allocation of Rs1,500 crore for research and development in the sector, the government aims to enhance the textile value chain and promote sustainable products. Singh also stressed on the important role of the handloom industry, which has zero carbon and water footprint, in the transition towards sustainability.
Despite initial signs of recovery, the Indian stock market faced a decline in early trade on Monday due to persistent foreign fund outflows, IT stock sell-offs, and weak cues from US markets. The downward trend was reflected in both the Sensex and Nifty, with major companies like Infosys, Tech Mahindra, and Tata Consultancy Services among the major losers. The rupee also saw a slight recovery against the US dollar, but foreign investors continued to pull out funds from the Indian equity market, adding to the ongoing sell-off.
In a blow to the profitability of gas companies, GAIL has slashed the allocated APM gas supply to IGL, MGL, and Adani Total Gas by up to 20%. With a trend of declining production, the supply cut to city gas distributors is a worrying development. This has led to a steep decline in the share prices of IGL and MGL, with domestic brokerages predicting a higher supply from expensive fields. International brokerage firms, however, foresee higher costs and a decline in margins for these gas companies.
The highly anticipated Initial Public Offering (IPO) of NTPC Green Energy Ltd (NGEL) is opening on November 19, with analysts recommending investors to subscribe at the cut-off price for long-term gains. While the company shows potential for robust growth, there are also risks to consider, such as its dependence on imported components without long-term contracts and its concentration of projects in Rajasthan. With NTPC Ltd's ambitious plans to increase its renewable energy capacity, NGEL's geographically diversified operations make it a key player in achieving this goal.
In a recent survey of UK contact centre industry readers, it was discovered that voice still plays a significant role in customer engagement. To keep up with evolving customer expectations and advances in technology, Business Systems and Teneo.ai are teaming up to host a webinar on embracing a digital-first approach in contact centres. In addition, Intradiem has announced a partnership with Five9 to improve real-time contact centre performance, while "The UK Contact Centre Decision-Makers’ Guide" offers valuable insights and data on industry trends. Meanwhile, H&M's decision to close their contact centre in Edinburgh highlights the importance of adapting to changing customer needs. With new AI-powered capabilities integrated into contact centre solutions, companies like Mitel and Talkative are empowering businesses to scale their investments in automation and AI to better serve their customers.
Infosys co-founder and business leader N.R. Narayana Murthy stirred up controversy with his recent statement at the CNBC Global Leadership Summit, stating that he does not believe in work-life balance and praising Prime Minister Narendra Modi's 100-hour work week. This statement received widespread criticism, with many arguing for the importance of maintaining work-life balance. However, Murthy remains unapologetic, citing the hard work of government officials as an indication of appreciation. In light of this debate, the idea of a 70-hour work week is put into perspective, raising questions about the expectations and pressures on working professionals in India.
Mumbai's popular Metro Line 3 faced a temporary shutdown today as the BKC Metro Station was temporarily closed for operations. According to officials, the rest of the metro line remains fully functional and the temporary closure was for maintenance purposes. The unexpected shutdown caused some inconvenience to commuters, but authorities assure that the issue will be resolved soon.
Meme stocks have become a hot topic in the stock market, with investors flocking to these highly volatile and speculative stocks. These stocks refer to those that skyrocket in price and trading volume due to social media buzz. However, investing in these stocks can be risky, as they are often overvalued and not based on strong fundamentals. While some investors have seen success with meme stocks, others caution against putting too much of one's portfolio into these highly unpredictable investments. It's a trend that may not last, and predicting when it will reverse can be a costly guessing game.
The Dow Jones Industrial Average and S&P 500 futures inched higher before the opening bell on Thursday, signaling a positive start for US stock markets. Analysts are anticipating the release of key economic data on jobless claims and crude oil stockpiles, which could have an impact on the course of benchmark interest rates. This comes after the Fed's decision to lower interest rates by 25 basis points, citing a strong economy and inflation nearing its target. Stay updated on all stock market news and more on Zeebiz.com.