London stock exchange honours Ratan Tata

Mumbai, July 14: Industrialist Ratan Tata, chairman of Tata Sons, was made an honorary fellow of the London School of Economics (LSE) and Political Science at a function held in London yesterday.

Honorary fellowships are awarded by LSE every year, who have attained distinction in the arts, science, public life, or rendered outstanding services to the school or its concerns.

Professor Lord Desai, of LSE's Centre for the Study of Global Governance, read the oration for Mr. Tata at the ceremony, held in London's Peacock Theatre.

The ceremony also marked the graduation of around 250 management, law and international relations students.

Professor Desai said, '' Ratan Tata is an iconic name in India and now, thanks to Ratan Tata's efforts, around the world. He took over Tata Sons and has enhanced the efficiency and economic influence of that century-old firm by innovations and managerial reforms ''.

''I am greatly honoured to receive this prestigious recognition from the London School of Economics. Over the years, LSE has graduated economists and policy makers, who have played an important part in influencing policy and governance of many developing countries,'' Ratan Tata said.

UNI