What’s worse is that this time, it has set aside a heftier Rs.700 billion as planned 
investments to be infused in the steel business over the next 7-8 years. Worst of all, potential high-growth sectors like IT, hospitality & retail have received an allotment of just Rs.150 billion – a deplorable 12% of the total earmarked value!
Interestingly, the announcement was accompanied by Tata Sons raising their stake from 19.1% to 22.78% in Tata Tea. So are they gearing up for another of its inorganic move? Also the last time they made such an announcement, it was timed with the commencement of their financial arm – TML Financial Services. Then they moved ahead with investments in the illogical ‘Rs.1 lakh’ dream car & followed it with VSNL’s acquisition of Direct Internet Ltd. for $16.7 million. So will it just be paper dreams for the Tatas again, just like 2006? And will 2007 also involve stake sales in family jewels like TCS? And last but not least, how much ‘crazier’ can the Tatas afford to get?
investments to be infused in the steel business over the next 7-8 years. Worst of all, potential high-growth sectors like IT, hospitality & retail have received an allotment of just Rs.150 billion – a deplorable 12% of the total earmarked value!Interestingly, the announcement was accompanied by Tata Sons raising their stake from 19.1% to 22.78% in Tata Tea. So are they gearing up for another of its inorganic move? Also the last time they made such an announcement, it was timed with the commencement of their financial arm – TML Financial Services. Then they moved ahead with investments in the illogical ‘Rs.1 lakh’ dream car & followed it with VSNL’s acquisition of Direct Internet Ltd. for $16.7 million. So will it just be paper dreams for the Tatas again, just like 2006? And will 2007 also involve stake sales in family jewels like TCS? And last but not least, how much ‘crazier’ can the Tatas afford to get?
For Complete IIPM Article, Click on IIPM Article
Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
Read more:-
Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
Read more:-
About IIPM ! IIPM Programmes ! IIPM Placement ! IIPM Alumni ! IIPM Alliances ! IIPM Ranking ! IIPM Director's Desk ! IIPM Dean's Message ! History of IIPM ! IIPM Mission ! IIPM Curriculum ! IIPM Project Based Learning ! IIPM GOTA ! IIPM Dual Specialisation ! IIPM Faculty ! IIPM GOP ! IIPM Campus Resources ! IIPM Campus Events ! IIPM Sports Club ! IIPM Support Services ! IIPM Campus ! IIPM Libraries ! IIPM Cafeteria ! IIPM Academic Centres ! IIPM Wilton Park Reports ! IIPM Feedback ! IIPM Links ! IIPM Sitemap ! Contact IIPM !
