Brief by Shorts91 Newsdesk / 12:47pm on 12 Aug 2026,Wednesday Business
Tata Group stocks lost over Rs 26,800 crore in market value after N Chandrasekaran announced he would step down as Tata Sons chairman. Chandrasekaran, whose current term ends on February 20, 2027, said he decided against seeking another 5-year term after one board member did not support the extension. At 1:25 pm on Wednesday, Tata Consultancy Services was the biggest loser, falling 4.8%. Tejas Networks dropped 2.84%, Tata Consumer Products 2.8%, Tata Elxsi 2.58% and Tata Steel 2.02%. Chandrasekaran, who has led Tata Sons since 2017, asked the board to decide on his successor soon. (PC: NDTV)
