Tata Group

The Tata Group India’s largest private sector conglomerate, is making its presence felt across the globe. After having taken Czech tea company JEMCA and UK's biggest steelmaker Corus under its wings last year, Tata Motors is close to signing an agreement with Ford to buy Jaguar and Land Rover. Meanwhile, Tata Chemicals has entered into a definitive deal to acquire General Chemical Industrial Products. India’s leading manufacturer of inorganic chemicals, fertilisers and food additives has agreed to buy the US-based soda ash producer for $1 billion (about Rs4,000 crore). The acquisition would be made through a combination of equity and debt.

By Vipin Agnihotri

Good news for India, renowned car makers Ford is all to set to announce the Tata Group as the preferred bidder for its iconic Jaguar and Land Rover. Sources have confirmed to The India Street that the deal will be finalized in a matter of 15 days.

By Sundaramurthy Vadivelu

Overview:

Tata Group is one of India's largest and most respected business conglomerates, comprising 98 operating companies (out of which 28 are listed companies) in seven industrial sectors viz. IT systems and communications, engineering, materials, services, energy, consumer products and chemicals. Tata Aviation (now Air India) were the first to operate commercial passenger services in India. The group has operations in more than 85 countries and its companies export products and services to 80 countries. The total employee strength is around 246,000.

A sign of an emerging and growing economy is the increase in litigation. You might believe this to be a bad sign but I dispute that belief because a healthy economic environment includes the presence of a fair legal system. I am not suggesting the India legal system is as fair as the UK or the US, but the simple fact that foreigners can file a lawsuit against an Indian company or individual is a good sign. If the Indian courts were as corrupt as some suggest, the cases would be thrown out of the legal system as soon as they were filed. The fact that they are not, suggests to foreigners that they have a fair chance of being heard and thus will feel more comfortable investing in India.

By Vipin Agnihotri

As The India Street continues to grow in terms of readership, we are not relaxing. As a matter of fact, we are working doubly hard to give you exclusive news from the world of Indian business. Find below exclusive news of Anil Ambani and Tata Group. Hope you like it.

By Vipin Agnihotri

In my opinion, the pursuit of power has irresistible appeal in the Indian telecom sector. For example, everyone is aware of how Kumaramangalam Birla and Ratan Tata made a mess of their ‘idea’ of partnership. Another stalemate is in the making between Ruias (holding 33 per cent in Hutchinson Essar) and Vodafone (with 52 per cent stake).

A few month’s ago on June 19, 2007 an employee from Tata Consultancy Services in Nagar India wiped out the FBI page on Wikipedia. The user thought he was anonymous but with the new Wikipedia scanner tool by Virgil Griffith I was able to determine that a Tata employee had committed the act.

By Dhruva Jyoti Chowdhury

Kolkata, India: Land is a life long asset to the poor rural people an immovable asset that never undergoes depreciation. The plan of the government to withdraw intervention from this process of land acquisition may bring even worse affect for the society.