Tata seeks new chairman

Tata, the Indian conglomerate that owns Corus Steel and Jaguar Land Rover, is searching for a successor to its 71-year-old chairman Ratan Tata.<br /><br />It is understood the board is interviewing local and foreign candidates&nbsp; to head the group, which operates 98 subsidiaries and rakes in annual revenues of &pound;42bn. Tata said he hoped to find someone who &ldquo;would have integrity and our value systems in the forefront, and hopefully would carry on the path we have tried to set for the company&rsquo;s growth&rdquo;.<br />