Tata Chemicals Appoints S. Padmanabhan As Chairman

Tata Chemicals Ltd. on Wednesday said its board has appointed Director S. Padmanabhan as chairman, effective Friday.
The move follows N. Chandrasekaran's decision to step down as director and chairman of the company, effective Thursday.

In a letter to the board, Chandrasekaran cited a review of his current and future commitments as the reason for his resignation, the company said in an exchange filing.