Tut Tutting Over Tata's Way Of Doing Business
Foreign money managers looking for the best way to invest in India's murky but promising markets often end up buying shares in the various Tata companies. An empire of some 85 separately traded businesses all founded and run by Sir Jamsetji Tata and his descendants from 1868 until today, the Tata companies have combined revenues of $8.3 billion. They include some of the biggest names in corporate India: Tata Iron & Steel (Tisco), truckmaker Tata Electric & Locomotive (Telco), and premier watchmaker Titan. (The McGraw-Hill Cos., parent of BUSINESS WEEK, also has a publishing venture with a Tata company.) Foreign investors, who have sunk $1 billion into the shares of Tata companies, like their dominant market positions and appreciate the honest reputation the Tata family has cultivated.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Goldman Sachs Sees Four 2018 Fed Rate Hikes as U.S. Growth Gains
- Tesla Unveils ‘World’s Fastest Production Car’ and Electric Big Rig
- Norway Idea to Exit Oil Stocks Is ‘Shot Heard Around the World’
- Subways May Be the Latest Casualty of China's Crackdown on Debt
- Honda Recalls 800,000 Odyssey Minivans Linked to Injuries