Tata Sons welcomes Chandrasekaran: Stocks end mixed

Tata Motors (1.5%), Tata Steel (0.5%) and Tata Elxsi (0.24%) fell after the announcemen

Tata Group stocks were ended mixed after TCS CEO N Chandrasekaran was named the new Chairman of Tata Sons yesterday, roughly three months after the former Chairman Cyrus Mistry was ousted. He will take charge from February 21.
 
"By selecting Chandrasekaran as the Chairman of Tata Sons, the selection committee has sent an unambiguous signal to all the stakeholders that they have chosen a person who has successfully managed a global enterprise straddling various geographies and is also firmly rooted in the socially-conscious Tata ethos. His global perspective will help steer the technology-to-tea conglomerate in these challenging times," said