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Cyrus Mistry lauds Gujarat's culture of implementation, CM Modi

New Tata Group chairman Cyrus Mistry on Saturday lauded the Gujarat government and chief minister Narendra Modi saying they have created an enabling business...

Memo to Cyrus Mistry: Sum of Tata parts may be greater than the whole

Jul 30, 2014    

Cyrus Mistry, the man steering the Rs 6.25 lakh crore Tata Group, has spelt out his new post-Ratan Tata vision that includes investing $35 billion over the next three years and focusing on four new business clusters: defence, retail, infrastructure and finance. There is also some expectation that the group will pare down some of its exposure in some businesses that aren't doing too well.Defence, infra, retail and finance are almost nowhere in today's scheme of things where three businesses dominate: autos (nearly 37 percent), steel (23 percent) and IT and communications (20 percent). Retail, f...

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