Ratan Tata, the philanthropist and former chairman of Tata Group who has died aged 86, played an instrumental role in globalising and modernising one of India’s oldest business houses.His ability to take bold,

The story of how Ratan Tata, snubbed and humiliated by the Ford Motor Company when trying to sell a car production unit in 1999, turned the tables by buying two of its biggest brands a mere nine years later.

Bill Ford, chairman of Ford Motor Company, expressed his sadness over the passing of Ratan Tata, the esteemed Indian industrialist and former chairman of Tata Group, who died earlier this week at the age of 86.