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