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
Denne historien er fra October 30, 2022-utgaven av THE WEEK India.
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Denne historien er fra October 30, 2022-utgaven av THE WEEK India.
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William Dalrymple goes further back
Indian readers have long known William Dalrymple as the chronicler nonpareil of India in the early years of the British raj. His latest book, The Golden Road, is a striking departure, since it takes him to a period from about the third century BC to the 12th-13th centuries CE.
The bleat from the street
What with all the apps delivering straight to one’s doorstep, the supermarkets, the food halls and even the occasional (super-expensive) pop-up thela (cart) offering the woke from field-to-fork option, the good old veggie-market/mandi has fallen off my regular beat.
Courage and conviction
Justice A.M. Ahmadi's biography by his granddaughter brings out behind-the-scenes tension in the Supreme Court as it dealt with the Babri Masjid demolition case
EPIC ENTERPRISE
Gowri Ramnarayan's translation of Ponniyin Selvan brings a fresh perspective to her grandfather's magnum opus
Upgrade your jeans
If you don’t live in the top four-five northern states of India, winter means little else than a pair of jeans. I live in Mumbai, where only mad people wear jeans throughout the year. High temperatures and extreme levels of humidity ensure we go to work in mulmul salwars, cotton pants, or, if you are lucky like me, wear shorts every day.
Garden by the sea
When Kozhikode beach became a fertile ground for ideas with Manorama Hortus
RECRUITERS SPEAK
Industry requirements and selection criteria of management graduates
MORAL COMPASS
The need to infuse ethics into India's MBA landscape
B-SCHOOLS SHOULD UNDERSTAND THAT INDIAN ECONOMY IS GOING TO WITNESS A TREMENDOUS GROWTH
INTERVIEW - Prof DEBASHIS CHATTERJEE, director, Indian Institute of Management, Kozhikode
COURSE CORRECTION
India's best b-schools are navigating tumultuous times. Hurdles include lower salaries offered to their graduates and students misusing AI
