Indian Prime Minister Narendra Modi praised Tata as "a visionary business leader", saying he's "extremely pained" by the death. Tata ran the conglomerate for over20 years as chairman.

The Tatas enjoy immense goodwill in India, partly due to their philanthropic work. The Tata Trusts, which engages in philanthropic activities, holds 66% of the equity of Tata Sons', and dividends are used to support the trusts' work.

Tata, who led a business empire while touching numerous facets of Indian life with his philanthropy, died of age-related health complications. He was 86.

The relationship between Ratan Tata and Modi that grew stronger over Nano, kept touching new heights. He participated in all the Vibrant Gujarat Investor Summits held in Gujarat while Modi was the Chief Minister,

Hundreds of people, including corporate leaders, politicians and celebrities, gathered in Mumbai on Thursday to pay their last respects to one of India's most respected business tycoons, Ratan Tata, who died aged 86.

Ratan Tata, a former chairman of Indian conglomerate Tata Sons hailed as a visionary business leader, has died at a Mumbai hospital.

Ratan Tata, a former chairman of Indian conglomerate Tata Sons, died at a Mumbai hospital on Wednesday night. He was 86. Tata Sons chairman Natarajan Chandrasekaran confirmed Tata's death and described him in a statement as his "friend, mentor, and guide." He did not provide a cause of death.

Ratan Tata—a former chairman of Tata Group who led the Indian megacompany through multiple significant international acquisitions—died at age 86, the group announced Wednesday. Tata took over the conglomerate in 1991 and led it for 21 years.

Ratan Tata, the chairman emeritus of Tata Sons, passed away on October 9 at age 86. The nation is sensing a poignant void by the visionary industrialist's death. | News

Indian tycoon Ratan Tata has died aged 86, it has been announced by Tata Group, the conglomerate he led for more than two decades. Tata was one of India's most internationally rec