India INC - poised
The Indians waited with bated breath, and so did the steel giants of the world. The acquisition of Corus by Tata steel, though a bit costly, proved to be the biggest take over in the history of India Inc... And its not a proud moment just for the Bombay House, but for each and every Indian!!!
M not going to re-publish the details of the deal as most the news sites have them... Instead, i would close down with a comment from Mr Russi Mody - former chief of TATA steel who later became its biggest critic after falling apart with Ratan Tata, "He (Ratan Tata) has exceeded all expectations. Its a message to the world - 'India is coming'".
T(h)aT(h)as are on their way!! :):):)
Labels: Random Thoughts
posted by righty at
8:43 AM
3 Comments:
Yes its costly and its a big load on the books of Tata Steel. It nice we've acquired but now Tata's have to prove their genius in making this a success.
This is just the beginning...\
I mean, this is not the cliched statement i'm making abt India :)
I'm saying the deal has only just been made. There are a LOT of stuff to be done before the Tatas officially start running the place. And then they will have to over come a lot of other stuff to run it efficiently and profitably. Long way to go. I'll wait and see :)
True... But for any success to be achieved, there has to a starting point... Pretty much like the admission process :), or any long cherished dream for that matter... The reason why I quoted Russi was that when a critic like him appreciates, it has to be worthy, how much ever be the load on Tata Steel's balance sheet... or probably TCS's...
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