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Tata Group market value drops after Natarajan's resignation
The market value of the Indian Tata Group has declined by approximately $4.5 billion, due to the expected resignation of its Chairman Natarajan Chandrasekaran next February. The group's main stocks hit their lowest levels in over two months, with losses in companies such as Tata Consultancy Services, Tata Motors, and Tata Steel, leading to an overall drop in market capitalization to $262 billion. The software division's stock, Tata Consultancy, was particularly affected, falling by 3.9%.
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