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Around 70,000 Crore Spent By Tata Group For Acquisitions

The Tata Group spent more than Rs 70,000 Crore in 2018 to partially honor and restructure its business, consolidating its cross-shareholdings, acquiring strategic assets and introducing the necessary capital.

In a message to officials later this year, N Chandrasekaran, Tata Sons Chairman also warned that 2019 would bring a series of macroeconomic challenges.

As the business cycle matures in well-established economies, global expansion will increasingly rely on emerging markets, liquidity trends, raising concerns about sovereign risk, and trade-related shocks, at a time when the dynamics of China’s growth is slowing. The Tata Group will effectively address these global changes using digital depth, scale, synergy, operational focus, and agility.

“Our job is to run our marathon and not to be distracted by someone else’s sprint, we have to focus on what we can control, deliver our customers the best products and services, strengthen the Tata brand, cost management, and encourage long-term value creation, “he said.

The group makes strategic decisions taking into account the ups and downs in business cycles. “We have to be careful if the conditions are good, while we create a corporate structure and capital that will allow us to endure difficult times,” he added.

Chandrasekaran described 2018 as a year of mixed performance,” while the Tata group diligently simplified its structure to capitalize on an unpredictable and navigable global environment, marked by a new system of geopolitical uncertainty, trade tensions, and volatility in regulations.

Tata companies are committed to working together when it is commercially viable, to create new business approaches and to distinguish themselves. Tata Motors is a leading company in the development of an eco-system for electric vehicles (EV) in collaboration with Tata Capital and Tata Power to finance the infrastructure network load. Similar efforts are underway in many areas, including group loyalty programs, payments, shared services, and others.

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Russell Moreno

Being a great fan of Manchester United, Russell is totally a guy that can handle the health department. He also carries a noteworthy amount of experience of being a commentator at the local sports events. It is his passion for sports that have secured him a position at Market Research News. In his free time, you will find Russell, as expected, watching a Manchester United game (even the highlights and the repeat telecast).

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