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Indian tycoon Ratan Tata, respected for his business acumen and philanthropy, dies at 86 Ratan Tata, a pillar of India's proud but dwindling Zoroastrian Parsi community, who led the Tata Group for decades, died in a Mumbai hospital on Wednesday night, aged 86. His years at the helm of a family business empire founded under British colonial rule saw the Tata Group expand its global footprint. Back home, Tata was renowned for his group's myriad charity projects.