The larger issue is not whether the Tata Sons chairman has performed or not, but whether Tata as a conglomerate has a clear policy on how it is going to allocate capital.
After launching Bharat Taxi, the ministry explores offering insurance products across cooperative banks via IFFCO-Tokio with cooperative banks as corporate agents.
It is estimated the deal would eventually work out to cost around $9 bn at least for 6 submarines—negotiated down by India. Original bid by state-run MDL & TKMS was over Rs 1.2 lakh cr.
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