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Tata tells group CEOs to gear up for fin crisis

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    • Agencies Tags : corporate, india, tata group, Ratan Tata, global fin crisis Posted: Wednesday, Nov 12, 2008 at 1430 hrs
    Ratan Tata
    Ratan Tata has asked CEOs and MDs of 98 group companies to tighten belts.

    Asking group companies to go slow in acquisitions is also contrary to the group's previous strategy of expanding through the inorganic route, which has seen it pulling off some of the biggest global acquisitions that Indian industry has seen, such as the $12.1-billion takeover of Anglo-Dutch steel maker Corus in early 2007 by Tata Steel.

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