“For companies like Indian Hotels and Tata Steel, Tata will have to rework their strategy as their overseas acquisitions were the problem areas, while the local businesses did well. Under Ratan Tata, it had tried to buy control of the company, formerly called Orient-Express Hotels Ltd., in 2012. Reliance Jio Infocomm Ltd., controlled by India’s richest man, turned up the heat in September by introducing free calling and data services. Tata Teleservices has about 300 billion rupees of debt, according to a company filing.In 2007, Tata Steel made one of India’s most expensive overseas acquisitions, buying Corus Group Plc. “Chandra will have to deal with the ‘ailing children’ -- Tata Steel Europe, Tata Motors and Indian Hotels -- even as he identifies new growth projects and the resources to grow them.”

Source: Economic Times February 21, 2017 12:45 UTC