• Sunday, November 24, 2024

Business

Ratan Tata’s death: TCS cancels Q2 earnings press conference

TCS will inform the exchanges about its July-September performance after the board meeting. A scheduled call with analysts will be held as per schedule

A file photo of the office of Tata Consultancy Services in Silicon Valley. (Photo: iStock)

By: Shajil Kumar

TATA CONSULTANCY SERVICES (TCS) has cancelled a press conference scheduled on Thursday evening to announce its second quarter performance, company officials said.

The press conference was originally scheduled at 5.30 pm on Thursday.

As originally scheduled, TCS will inform the exchanges about its July-September performance after the board meeting, the officials said.

A scheduled call with analysts at 7 pm will be held as per schedule, they said.

The last rites of Ratan Tata, who passed away late on Wednesday evening, are scheduled to take place after 4 pm at central Mumbai’s Worli on Thursday.

Tata breathed his last on Wednesday evening at a city hospital.

Jamshedpur mourns Tata

The city of Jamshedpur, popularly known as ‘Tatanagar’, is mourning. And so is Jharkhand where a day’s mourning was declared on Thursday as a mark of respect for industrialist Ratan Tata.

Named after Tata Group’s founding father Jamsetji Nusserwanji Tata, it was the timeless vision of Ratan Tata that propelled Jamshedpur’s growth and put it on the global map.

His contributions are considered significant towards shaping Jharkhand, a backward region that became a state in 2000.

He first visited Jamshedpur in 1963 to look into how Tata Steel, now a global conglomerate, works. He then visited the city in 1965 to hone his pilot skills.

As soon as the news of his demise spread, a pall of gloom descended on the city.

Ratan Tata, who became the chairman of Tata Steel in 1993, visited the city regularly.

During the years he was active, never did he give a miss to the Founder’s Day function, held on March 3 to mark the birth anniversary of Jamsetji Nusserwanji Tata.

He also came here to attend various company events, including the inauguration of blast furnaces, and social gatherings.

His last visit to Jharkhand was during the 182nd Founder’s Day celebrations in March 2021.

It is Tata Steel that developed the country’s first industrial city at Jamshedpur, which was a part of undivided Bihar.

The British were initially sceptical about the success of this enterprise, but the plant went on to become the principal supplier of steel and armoured vehicles to the Allied forces during World War I.

The British rewarded the Tata family by renaming Sakchi as Jamshedpur to honour the late Jamsetji. (PTI)

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