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tata group

September 20, 2011

The world’s cheapest car, Tata Nano, has been transformed into one of the most expensive, after the Tata family business created a fully functional “golden” version of the car.

The Goldplus Nano, a one-off showpiece, sees the Tata Group’s Nano car covered in 80 kilogrammes of solid gold, 15 kilogrammes of silver and roughly 10,000 semi-precious and precious stones, including diamonds, rubies and pearls.

The result? $4.7 million (€3.44 million) added to the car’s current retail price of $3,000.

Indian family businesses accelerate overseas investments

August 10, 2011

Growing confidence among Indian family businesses to be able to compete with the best in the world has accelerated their investments abroad, according to Kavil Ramachandran of the Indian School of Business.

The Thomas Schmidheiny Chair Professor of Family Business and Wealth Management told CampdenFB that overseas acquisitions and investments is a rising trend.

Tata Group becomes India’s biggest

June 23, 2011

India’s family-controlled Tata Group has become the country’s wealthiest company. The group, headed by Ratan Tata, said that its total market value is $98.7 billion, overtaking the combined value of fellow family-controlled Reliance groups.

The buoyant growth for the Tata Group comes following a rise in share price of its listed companies, while a string of controversies caused a slump in value of Reliance, controlled by the feuding Ambani brothers.

Tata Group continues hunt for successor

May 19, 2011

India’s Tata Group is making progress in its hunt for a successor to chairman Ratan Tata, according to a report in Indian newspaper Business Standard.

The report said that the five-member panel appointed to find a suitable successor has shortlisted 11 candidates, of which four to five are employees within the group. When contacted, Tata Group refused to confirm this information.

In a statement issued by the family-controlled conglomerate on 18 May, the group said that the panel was engaged in its task to find a replacement.