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

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