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  • The Economist has done something the Indian media may not have done as yet. An article in the magazine has taken a detailed look at the duds, indedted businesses of the Tata group. The article comes ahead of Ratan Tata's retirement and Cyrus Mistry's elevation as group Chairman in December. According to the article, overall performance of Tata Sons, the group's holding company with 182 subsidiaries, is murky as it need not publish accounts on a consolidated basis since it is unlisted. The article has taken into consideration results ofthe 14 biggest operating companies (excluding Tata's financial operations) which appear to account for about 95% of the group's sales. According to the article, the sums are a guide, as it involved some guesswork. It is in effect taking a look at what is in store for Mistry once he takes over as chairman. [caption id=attachment_541044 align=alignleft width=380

    The Economist has done something the Indian media may not have done as yet. An article in the magazine has taken a detailed look at the duds, indedted businesses of the Tata group. The article comes ahead of Ratan Tata's retirement and Cyrus Mistry's elevation as group Chairman in December. According to the article, overall performance of Tata Sons, the group's holding company with 182 subsidiaries, is murky as it need not publish accounts on a consolidated basis since it is unlisted. The article has taken into consideration results ofthe 14 biggest operating companies (excluding Tata's financial operations) which appear to account for about 95% of the group's sales. According to the article, the sums are a guide, as it involved some guesswork. It is in effect taking a look at what is in store for Mistry once he takes over as chairman. [caption id=attachment_541044 align=alignleft width=380

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