To underwrite your loans, we want a say in your company.’ That was the gist of what the British government told Ratan Tata when he knocked on their doors early this year in a desperate bid to bail his companies out. Tata had bought two ailing British firms, steel-maker Corus and automobile company Jaguar Land Rover, borrowing a lot of money and was caught in the financial blizzard that hit the world economy late last year.
(This story appears in the 08 January, 2010 issue of Forbes India. To visit our Archives, click here.)
Like Tata, Big minds have big hearts.
on Dec 31, 2009Country is proud to have gem like Ratan Tata. Hats off...
on Dec 30, 2009