Tata Steel Ltd, Tata Power Co. Ltd, Tata Chemicals Ltd, Indian Hotels Co. Ltd and Tata Teleservices Ltd are all in trouble, earning sub-par returns or making losses. Close down part of the traditional, historic part of Tata group that is not doing much for the Tata group anymore but has a long history,” Aswath Damodaran, professor of finance at the Stern School of Business, New York University, said in an interview on 20 January. Meanwhile, he will also have to deal with the reputational fallout of the bruising battle between Tata Sons and Mistry. And finally, he said, Chandrasekaran should, “if possible, develop an institutionalized framework to smoothen the relationship between the Trusts, Tata Sons and the Tata companies”. The Tata group’s growing pile of debt was one of the key reasons for Mistry’s ouster.

Source: Mint February 20, 2017 19:20 UTC