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Tata Sons board approves fresh five-year term for Chairman Chandrasekaran, source says

A source says Tata Sons’ board approved a new five-year executive chairman term for N. Chandrasekaran, reversing his decision last month not to seek reappointment.

India's Tata Sons board has approved a new five-year term for N. Chandrasekaran as executive chairman, a source familiar with the matter said on Thursday, reversing his decision last month not to seek reappointment. The reasons for the change were not immediately clear, the source said.