Oct 22, 2006

Way to go, Ratan

I'm a big fan of the Tatas, having seen what they have done with a city like Jamshedpur up close for two years. So this news had me celebrating. For my readers not from India, let's just say that the Tata group is the most respected business conglomerate and also one of the oldest business houses of the country.

This news more than the Mittal Arcelor deal is being seen as a sign of India Inc. coming of age in the global stage. Mittal Steel for all the Indian name is still incorporated out of India.

Interestingly it will be the Tata's 21st global acquisition, and it also is corporate India's biggest global take over bid till date.

So for the group which has interests in steel, information technology, tea, motors and hotels, it seems as if there are more interesting times ahead !