UPDATE 1-Tradition, sprawl confront next Tata Group leader

Newswire

* Search for successor is on; external candidates considered * Challenge is to rationalise Tata's 98 companies * Some companies loss-making, total group profit modest * Succession important issue in Indian dynasties * Telecom scandal mars Tata's high ethics image (Adds new company results in paragraph 20) By Jui Chakravorty MUMBAI, May 27 (Reuters) - Ratan Tata, retiring soon as chairman of India's sprawling Tata conglomerate, is known for making sketches of the company's next ...

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