Ad Here  
January
February
March
April
May
June
 
 
Wabco launches safety system Gamesa to set up a plant in Nellore Back in growth mode Tata Motors charts investments in PV and CV businesses Daimler grows sales and share in India Preparing for the next growth curve From the toughest to the best year New India Assurance posts impressive show Maruti – for young buyers Tata Motors joins compact SUV bandwagon with Nexon Increasing market share Titan Company – sales recovery to kick in Are they really independent? Nissan exit shouldn’t affect ALL Kone India eyes further growth in elevator market Sundram Fasteners rejigs international Hindalco – re-rating Chinese smart phones flourish in small towns too! A niche in FMCG business... Carnival Films acquiring 3000 screens pan India Rane targets Rs.5500 crore topline by 2018-19 Housing demand revival Forging industry worried over lower supply of steel and its price Michelin to double Chennai capacity The unexpected exit Record two-wheeler sales Vellayan is back, after 150 days Tata Steel, ThyssenKrupp sign MoU to merge European units Dish TV – subscriber additions encouraging V-Guard launches app-enabled water heater system Toyota and Suzuki to introduce EVs in India by 2020 AL wins Deming prize again The gainers and the losers L & T’s floating dock for navy Daimler’s truck exports from Chennai cross 5000 units Emami – a new growth mantra E.I.D Parry (India) Ltd: another sweet year Land wars L&T profit up by 11 per cent HPCL plans Rs.61,000 crore capex over 5-years Ponni Sugars (Erode) Ltd: not so sweet 2012-13 TN government keen on revival of operations at Nokia complex Yamaha unveils scooter boutique AL secures orders for 3600 buses Hyundai India achieves 7 mn production at Chennai factory Tata Motors aims to be among the Top 3 global CV & PV firm M & M unveils driverless technology for tractors Mercedes-Benz sales continue to zoom 29 per cent jump in TCS revenues Tata gets 4-star rating for Zest Tata Motors bets on new launches TVS Srichakra plans capacity expansion When small is not so beautiful… Consolidating leadership position in smartphones Is this a generation gap? He excels in the nuts and bolts of entrepreneurship Solar installations exceed 2015 capacity in five months TI Cycles plans retail expansion to drive sales for premium bicycles L&T bags the Mumbai Trans-harbour link order Welcome focus to improve rural India... A welcome initiative-even critics are recognised Bajaj Finserv – Q1: fare well Smooth sailing of SAIL ITC chairman calls for policy impetus to transform agriculture RoC in the dock... IOB on turnaround path Aurobindo Pharmacy: good turnaround AL introduces Guru & Partner Singur minus Nano – victory or folly? Smartphone onslaught by Chinese brands Last stages TVS Automobile invests Rs.75 crore in start-up firms ITC – steep excise hike Hyundai to focus on SUVs and AMT variants Right to privacy – now it’s fundamental! Eyes strong growth in 2016-17 Shriram Life clocks more than Rs.1000 crore premium in 2015-16 PPP model for infrastructure development It takes two to tango L & T set bigger ambitions in defence business CAPITAL NOTES PSU non-life firms seek to protect share LVB posts 31 per cent growth in Q1 net profit Ode to Ratan Tata Sivasankaran enters taxi space to take on Uber and Ola
 
Ode to Ratan Tata
As Ratan Tata gets to walk into the sunset, the enduring pictures in the collective psyche of the nation were his launch of Nano and of how he responded to 26/11.
THE LAST TATA to stand atop the Tata ship, Ratan brought to the table a gentleman like professionalism, belying the view people held in 1991 that he ascended the gaddi only because he was a Tata. 

Over the years, he has transformed the Tata Group to being largest private-sector outfit in India, accounting for 7 per cent of the stock market. Incidentaly, the Group pays 3 per cent of all of India’s corporate tax and 5 per cent of all its excise duty. In the process it has metamorphed into a major global player. 

It’s two decades since JRD Tata handed over the baton to Ratan; it’s now time to say goodbye and farewell to our gentleman who has featured every year (2003-2012) in India Today’s Hall of fame. 

During his long tenure, the Tata Group’s sales registered a 22 per cent CAGR with profit after tax registering a 22 per cent growth and market capitalisation a 24 per cent rise.  

The Group made 65 acquisitions. Tata Tea’s takeover of iconic UK brand Tetley, a company three times its size, in 2000, was then the biggest international takeover by an Indian company. In 2007, Tata Steel bought Corus, Europe’s second largest steelmaker, proving that Ratan Tata was willing to set stretch goals. 

A Promise is a Promise

History will remember Tata as the man who did the impossible. Building a car at a price of Rs 100,000. An off the cuff remark that he made to a foreign journalist that he was toying with manufacturing a car at sub 2500 USD was taken seriously by the media and Tata decided that he would honor the statement. ‘A promise is a promise’ is what he famously said. The common man who normally travels in a twowheeler or hangs gingerly in a public transport could now own a People’s Car. It’s another matter that the car hasn’t turned out to be a smashing success. Incidentally, he showed that he had the gall to shift lockstock- and-barrel when the West Bengal government put spokes on his Nano project. Overnight, the Singur plant was shifted to Gujarat.

1 2
Author :
Reported On :
Sector :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com