INDIA INC HAS ARRIVED!
Feb. 2nd, 2007 12:50 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
mcgillianaireTata Steel wins race for Corus
Five Pence Gives India a Pound of UK!
If you cannot recognize this man now, it's about time you did. Ratan Tata is the head of the more than century-old Tata Group and on Wednesday, his company made Indian business history. Tata Steel, the flagship company of the Tata Group made the largest ever foreign acquisition by an Indian company. Tata Steel is only the 56th biggest steel producer in the world but it managed to upstage its Brazilian competitor in a fierce contest spanning three months to takeover the world's 9th largest steel company. Together, the merger has the potential to create the 5th largest steel company in the world, and now, 2 of the Top 5 steel companies in the world are run by Indians.
India Inc, take a bow. The world is watching and perhaps not convinced; and maybe it was overpriced... but one thing is for sure: We Have Arrived.
Jai Hind!
/end irrational patriotic exhuberence
Five Pence Gives India a Pound of UK!
If you cannot recognize this man now, it's about time you did. Ratan Tata is the head of the more than century-old Tata Group and on Wednesday, his company made Indian business history. Tata Steel, the flagship company of the Tata Group made the largest ever foreign acquisition by an Indian company. Tata Steel is only the 56th biggest steel producer in the world but it managed to upstage its Brazilian competitor in a fierce contest spanning three months to takeover the world's 9th largest steel company. Together, the merger has the potential to create the 5th largest steel company in the world, and now, 2 of the Top 5 steel companies in the world are run by Indians.
India Inc, take a bow. The world is watching and perhaps not convinced; and maybe it was overpriced... but one thing is for sure: We Have Arrived.
Jai Hind!
/end irrational patriotic exhuberence
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Date: 2007-02-04 06:20 pm (UTC)