On September 23, Tata Group announced the merger of seven of its metal companies into Tata Steel. The decision involved months of planning and many rounds of board meetings; the goal is to bring in simplicity and scale.
Simplicity and scale are exactly what Tata Group chairman Natarajan Chandrasekaran wants also for the entire group. Its size is intimidating and complexity baffling—till a while ago, the group had 100-odd companies operating in sectors as diverse as aviation, automobiles, fast-moving consumer goods, tea, software, steel, luxury hotels, power and defence equipment. Different companies within the group were fishing in the same waters. Chandrasekaran—who took over the reins of the group in 2017 and is only the third ‘non-Tata’ to lead the 154-year-old group—had to address this. And, he had to do it the Tata way.
Chandrasekaran, who had an illustrious tenure as the CEO of Tata Consultancy Services, did not shy away from the responsibility. On the one hand, he cut losses by selling non-core and loss-making businesses. On the other, he made several big-ticket acquisitions. He brought in a cluster-based approach that led to various companies of the group working more closely.
TOGETHER BETTER
Esta historia es de la edición October 30, 2022 de THE WEEK India.
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Esta historia es de la edición October 30, 2022 de THE WEEK India.
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A golden girl
One of India's most formidable beauties passed away earlier this month. The odd thing is she would absolutely hate this obituary; she hated being written about and avoided publicity for all of her nine decades. Indira Aswani was 93 when she died. But anyone who encountered her, even briefly, was in such awe of her grace and poise, and one could not but remember her forever.
The interest in wine is growing delightfully in India
The renowned British wine writer and television presenter Jancis Robinson, 74, recently came to Delhi and Mumbai to reacquaint herself with India's wine industry. This was the Robinson's fourth visit to India; the last one was seven years ago. On this trip, Robinson and her husband, restaurateur Nicholas Lander, were hosted by the Taj Hotels and Sonal Holland, India's only Master of Wine.
United in the states
Indian-Americans coming together under the Democratic umbrella could get Harris over the line in key battlegrounds
COVER DRIVE
Usage-driven motor insurance policies offer several benefits
GDP as the only measure of progress is illogical
Dasho Karma Ura, one of the world's leading happiness experts, has guided Bhutan's unique gross national happiness (GNH) project. He uses empirical data to show that money cannot buy happiness in all circumstances, rather it is family and health that have the strongest positive effect on happiness. Excerpts from an interview:
India is not a controlling big brother
Prime Minister Tshering Tobgay considers India a benevolent elder sibling as the \"big brotherly attitude\" is happily missing from bilateral ties. He thinks the relationship shared by the two countries has become a model of friendship not just for the region, but for the entire world. \"India's attitude is definitely not of a big brother who is controlling and does not allow the little brother to blossom and grow,\" says Tobgay in an exclusive interview with THE WEEK.
Comrade with no foes
Lal Salaam, Comrade Yechury-you were quite a guy!
Pinning down saffron
In her first political bout, Vinesh Phogat rides on the anti-BJP sentiment across Haryana
MAKE IN MANIPUR
Home-made rockets and weapons from across the border are escalating the conflict
SAHEB LOSES STEAM
Coalition dynamics and poor electoral prospects continue to diminish Ajit Pawar's political stock
