Tata Sons director R Gopalakrishnan will step down from the board of Tata Motors, according to a report.
The report stated that Gopalakrishnan joined the Tata Motors board in 1998 and at present on the board of other Tata Group companies such as Tata Power, Tata Chemicals and Rallis India.
R Gopalakrishnan had decided not to offer himself for re-election as a director because of what he said were "personal reasons", says report.
India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.