Tata Sons Chairman Explains Reason for Resignation
Listen to the story
N. Chandrasekaran is the chairman of Tata Sons. Tata Sons is a big company in India. Chandrasekaran has now said why he is leaving his job.
Just one year ago, his time as chairman was made longer. This is called a tenure extension. But now he wants to quit.
News about his exit came before a big shareholder meeting. Shareholders are people who own part of a company.
After the news, shares in another Tata company, TCS, went down. Shares are small parts of a company that people can buy. TCS shares fell by 5 percent.
This fall shows that people were not sure what would happen next. This feeling is called uncertainty.
Tata Sons is the top company of the Tata Group. The Tata Group has many companies in India and around the world.
Vocabulary8 words
- chairman
- the top leader of a company
- company
- a business that sells things or services
- tenure
- the time someone stays in a job
- extension
- making something longer in time
- quit
- to stop doing a job
- shareholder
- a person who owns part of a company
- shares
- small parts of a company people can buy
- uncertainty
- not being sure about something
Quiz
Answer key
1. N. Chandrasekaran 2. They fell 5 percent 3. True
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
N. Chandrasekaran is the _____ of Tata Sons. Tata Sons is a big _____ in India. Chandrasekaran has now said why he is leaving his job.
Just one year ago, his time as chairman was made longer. This is called a tenure _____. But now he wants to _____.
News about his exit came before a big _____ meeting. Shareholders are people who own part of a company.
After the news, _____ in another Tata company, TCS, went down. TCS shares fell by 5 percent.
This fall shows that people were not sure what would happen next. This feeling is called _____.