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In just five months, Ratan Tata earns a million followers on Instagram

India's billionaire industrialist and former chairman of the Tata Group Ratan Tata joined Instagram in October 2019. In just five months he was able to get one million followers.

The philanthropist was much amused knowing this. He posted his picture on the photo and video sharing platform with a note to celebrate this.


“I’ve just seen that the number of people on this page has reached a milestone. This wonderful online family is not what I expected when I joined Instagram and I have you to thank for it," Ratan Tata said.

He added that in the “age of the internet”, the quality of connections one makes is far greater than any number. “Being a part of your community and learning from you is truly exciting and makes me very happy and I hope our journey together continues,” he said.

Tata has been posting regularly and his posts are mainly about animals, his pictures of his younger self and the works done by Tata Group in social upheaval.

After joining Instagram, his first picture said: “After a long absence from public life, I look forward to exchanging stories and creating something special with such a diverse community.”

He only follows Tata Trusts on Instagram.

Ratan Tata took the reins of Tata Group in 1991. Since then, he has aggressively sought to globalise the business. Tata Group acquired the London-based Tetley Tea for $431.3 million, in 2000.

The company acquired several companies after that including truck-manufacturing operations of South Korean Daewoo Motors, elite British car brands Jaguar and Land Rover etc. Even now, a major chunk of the company’s revenues still come from foreign.

The Padma Bhushan awardee retired as chairman of the Tata Group in 2012 and was succeeded by Natarajan Chandrasekaran.

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Asda sales plunge, chair blames government of low confidence

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Asda reports sharp sales fall, chair blames government for 'killing consumer confidence'

Highlights

  • Asda sales fall 3.8 per cent to £5.1 bn in three months to September, with comparable store sales down 2.8 per cent.
  • Chair Allan Leighton blames IT system problems from separating technology from former owner Walmart.
  • Leighton criticises government for hampering business investment and depressing consumer sentiment.
Asda has reported a sharp sales decline while criticising the government for "killing confidence" among consumers, though its chair admitted "self-inflicted" technology problems had set back turnaround plans by six months.

Total sales at Britain's third-largest supermarket fell 3.8 per cent to £5.1 bn in the three months ending September compared with the same period last year, reversing 0.2 per cent growth from the previous quarter. Comparable store sales dropped 2.8 per cent.

Chair Allan Leighton, who returned last year to revive the business for a second time, told the guardian that the fall in sales and market share was "totally self-inflicted." The supermarket struggled with technology issues during a lengthy effort to separate IT systems from former owner Walmart.

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