Business
Tata’s potential — and problems — is symbolic of India itself
One of India’s oldest businesses, Tata is taking shape — an ambitious mission of its unwieldy scale. Both the ambition and grandiose scale of this project are a reflection of India’s very business environment.
On Friday, Tata Steel said it is consolidating seven smaller metal units with itself to reduce costs, simplify business structures and strengthen balance sheets. Four are publicly listed.