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May 19, 2011

India’s Tata Group is making progress in its hunt for a successor to chairman Ratan Tata, according to a report in Indian newspaper Business Standard.

India’s Tata Group is making progress in its hunt for a successor to chairman Ratan Tata, according to a report in Indian newspaper Business Standard.

The report said that the five-member panel appointed to find a suitable successor has shortlisted 11 candidates, of which four to five are employees within the group. When contacted, Tata Group refused to confirm this information.

In a statement issued by the family-controlled conglomerate on 18 May, the group said that the panel was engaged in its task to find a replacement.

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