Several car companies, including General Motors and Ford, who have both left the India market, do a huge amount of their software development work in India.
India is a market for low-priced cars with low running costs, and global majors don’t have the models to match Maruti and Hyundai’s entry-level vehicles.
Many believed outsize investment in a competitive business like telecom couldn’t yield a proper return, but Mukesh Ambani’s deals have shown up sceptics.
The small but growing class of female CEOs, includes GM’s Marry Barra and Best Buy’s Corie Barry, who could create the critical mass needed to pull other women to the top of the corporate ladder.
Following the transaction which is expected to be completed by November, Dassault Reliance Aerospace Ltd will become an associate company, with Reliance retaining a 49% stake.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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