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Harvard graduate donates $50 million

NEW DELHI, Oct. 15 (UPI) -- An Indian graduate of the Harvard Business School has given it $50 million, the largest foreign donation in the school's 102-year history, school officials say.

The gift from India's Tata Group and its Chairman Ratan Tata will fund Tata Hall, a new academic and residential building in Boston for participants of executive education programs, the BBC reported.

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More than 9,000 business leaders from around the world are enrolled in Harvard's advanced management program.

The school's Indian-born dean Nitin Nohria, thanked Tata for a "historic gift."

The Tata Group has 98 companies in industries ranging from IT services to power generation, and tea production to steel and motor cars, and with annual sales of $71 billion is one of India's largest businesses.

Tata launched India's first indigenous car, the Indica, and has bought companies like Britain's Jaguar and Land Rover, the BBC said.

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