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 !
Yes, this is great news.
ReplyDeleteBBC carried an article called "Who is Ratan Tata?". Excellent piece.Check it out here.
http://news.bbc.co.uk/1/hi/world/south_asia/6071090.stm
The Tata brand is not new to the people in the west coz of TCS' growing popularity.In our Business Strategy class, we had a short dicsussion on conglomerates and the name "Tata" popped out.
The Marketing prof told us that the "Tata" brand is one of the fastest growing brands in the world.One of our Marketing assignments had us design the marketing plan and launch of the "Indione" hotels in Toronto and Ottawa.
3 cheers to the Tata Group.!
Thatz the link
ReplyDeletehttp://news.bbc.co.uk/1/hi/world/south_asia/6071090.stm
Gautam,
ReplyDeleteWe Indians and Indian diaspora in UK feel great hearing the success of Tatas or Mittals.
However for me Tatas are the best thing that has happened to India, I am a die hard fan of them.
Few other facts to share about Tata group in UK :-
1. Tata owns UK's 2nd largest Tea group Tetley
2. TCS was the 5th best employer(in UK) in last year Computing(UK) magazine survey.