Ad Here  
Hyundai India achieves 7 mn production at Chennai factory ITC – steep excise hike The gainers and the losers Record two-wheeler sales Preparing for the next growth curve Housing demand revival Eyes strong growth in 2016-17 Titan Company – sales recovery to kick in Consolidating leadership position in smartphones Land wars Gamesa to set up a plant in Nellore L&T bags the Mumbai Trans-harbour link order Ponni Sugars (Erode) Ltd: not so sweet 2012-13 Are they really independent? It takes two to tango Bajaj Finserv – Q1: fare well Dish TV – subscriber additions encouraging Forging industry worried over lower supply of steel and its price He excels in the nuts and bolts of entrepreneurship Tata Motors charts investments in PV and CV businesses PSU non-life firms seek to protect share PPP model for infrastructure development HPCL plans Rs.61,000 crore capex over 5-years Maruti – for young buyers Back in growth mode From the toughest to the best year The unexpected exit E.I.D Parry (India) Ltd: another sweet year Increasing market share Tata Steel, ThyssenKrupp sign MoU to merge European units Hyundai to focus on SUVs and AMT variants Sundram Fasteners rejigs international Tata Motors bets on new launches A niche in FMCG business... New India Assurance posts impressive show Carnival Films acquiring 3000 screens pan India Michelin to double Chennai capacity TVS Srichakra plans capacity expansion Welcome focus to improve rural India... AL wins Deming prize again L & T set bigger ambitions in defence business V-Guard launches app-enabled water heater system Toyota and Suzuki to introduce EVs in India by 2020 Nissan exit shouldn’t affect ALL ITC chairman calls for policy impetus to transform agriculture RoC in the dock... TVS Automobile invests Rs.75 crore in start-up firms Smooth sailing of SAIL Last stages Tata gets 4-star rating for Zest Wabco launches safety system Shriram Life clocks more than Rs.1000 crore premium in 2015-16 Right to privacy – now it’s fundamental! AL introduces Guru & Partner Singur minus Nano – victory or folly? AL secures orders for 3600 buses 29 per cent jump in TCS revenues Daimler grows sales and share in India Solar installations exceed 2015 capacity in five months When small is not so beautiful… Vellayan is back, after 150 days L&T profit up by 11 per cent A welcome initiative-even critics are recognised L & T’s floating dock for navy Aurobindo Pharmacy: good turnaround TN government keen on revival of operations at Nokia complex Emami – a new growth mantra Ode to Ratan Tata LVB posts 31 per cent growth in Q1 net profit Tata Motors joins compact SUV bandwagon with Nexon TI Cycles plans retail expansion to drive sales for premium bicycles Smartphone onslaught by Chinese brands Tata Motors aims to be among the Top 3 global CV & PV firm Rane targets Rs.5500 crore topline by 2018-19 Sivasankaran enters taxi space to take on Uber and Ola Daimler’s truck exports from Chennai cross 5000 units IOB on turnaround path M & M unveils driverless technology for tractors Kone India eyes further growth in elevator market Hindalco – re-rating Is this a generation gap? Mercedes-Benz sales continue to zoom Chinese smart phones flourish in small towns too! CAPITAL NOTES Yamaha unveils scooter boutique
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 :
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
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236