Business Today 27 October 2024

Ratan Tata was many things to many people, depending on whom he came in contact with. A visionary business leader and bold entrepreneur who felt strongly about India and its growth ambition, the passing away of Ratan Naval Tata at the age of 86 has left a void in Indian business that will be almost impossible to fill. If there was one thing Ratan Tata embodied throughout his decades-long career, it was integrity. The world of business is often fraught with challenges and pitfalls, but Ratan Tata always conducted himself with utmost civility and kept ethics and integrity uppermost in his actions. In every sense, then, Ratan Tata was the perfect ambassador of the group he led, a storied conglomerate respected the world over for its ethics and values. As…

SOURCE PRABHUDAS LILLADHER, CAIT, WORLD GOLD COUNCIL ₹4.25 LAKH CRORE Expected expenditure from 3.5 million weddings from November to mid-December 2024 $130 BILLION Annual spending on weddings; $12.1 billion is spent by Indians on destination weddings abroad 140 TONNES Gold imported ahead of the wedding season, which more than tripled in August from July, after a reduction on customs duty from 15% to 6%…

BILATERAL TRADE INDIA’S TRADE SURPLUS WITH THE US HIT A NINE-YEAR HIGH IN FY24 SOURCE CMIE ECONOMIC OUTLOOK EXPORTS INDIA’S EXPORTS TO THE WORLD’S LARGEST ECONOMY HAVE SOARED NEARLY 100% IN THE PAST 10 YEARS WHAT WE SELL ENGINEERING GOODS AND CHEMICALS TOPPED THE LIST OF COMMODITIES EXPORTED TO THE US IN FY24 SOURCE CMIE ECONOMIC OUTLOOK IMPORTS WITH A FALL IN IMPORTS OF PETROLEUM PRODUCTS, INDIA’S SHIPMENTS FROM THE US DECLINED 20% IN FY24 WHAT WE BUY ENGINEERING GOODS AND PETROLEUM PRODUCTS WERE THE TOP IMPORTED COMMODITIES FROM THE US IN FY24 92% THE INCREASE IN TOTAL TRADE BETWEEN INDIA AND THE US IN THE PAST 10 YEARS $675.50 BILLION WORTH OF GOODS INDIA IMPORTED FROM OTHER NATIONS IN FY24. WITH $101.80 BILLION, CHINA EMERGED AS THE TOP SOURCE…

IN 2004, the board of Tata Steel convened at the group’s iconic Bombay House headquarters for what seemed like a regular meeting. It was soon after the buyout of Singapore’s NatSteel and was viewed as an important step in the company’s journey of going global. But one person did not seem too pleased: Ratan Naval Tata (RNT), Chairman of Tata Sons. “Why are we making these small acquisitions?” he asked about a deal worth a sizeable $285 million. It was a clear indication that RNT desired to make the company a global force to reckon with. “Let’s do something bigger,” he said then. Three years later, it became clear just what RNT meant. Tata Steel acquired Corus, which was four times its size, for a whopping $12 billion after an…

Dec 28, 1937 Born in Mumbai 1962 Joins Tata group 1974 Appointed director on Tata Sons’ board March 25, 1991 Succeeds JRD as Tata Sons’ Chairman 1998 Launches Tata Indica 2000 Tata Tea acquires London-based Tetley for $431 million 2007 Tata Steel picks up Corus for $12 billion 2008 Tata Motors acquires Jaguar Land Rover for $2.3 billion; launches Tata Nano Oct 2012 Tata group revenue hits $100 billion Dec 28, 2012 Steps down as Tata Sons’ Chairman; Cyrus Mistry steps in Oct 2016 Briefly takes charge as Tata Sons’ Chairman after Cyrus Mistry’s ouster Jan 2022 Tata group acquires Air India from the Government of India…

THE RISE OF TCS In FY05, when TCS was listed, it accounted for just 14% of the total income among listed group companies That year its share of profit after tax (PAT) among the Top 10 listed group companies was 24% WHEN RNT RETIRED Tata Motors led the pack in FY13, when Ratan Tata retired from Tata Sons, with TCS coming a distant third However, TCS accounted for more than half the share of profits among the Top 10 group firms THE CURRENT NUMBERS Tata Motors has maintained its lead over TCS in FY24 in terms of share in income among Tata group firms But TCS still accounts for half the share of profits among the Top 10 firms in the group CONSOLIDATED PRIORITY DATA SOURCE ACE EQUITY…