In 2007, Tata Steel made headlines with its $12.9 billion acquisition of Corus, a UK-based steel producer.
Ratan Tata described it as a ‘momentous time’ for Tata Motors, highlighting the iconic status of the two British brands.
However, the deal did not prove as successful as other Tata ventures, with former Tata Steel Managing Director JJ Irani later referring to the Corus acquisition as an “aspirational mistake”.
The story "A look at Ratan Tata's business successes and 'aspirational mistakes'" has 831 words across 33 sentences, which will take approximately 4 - 7 minutes for the average person to read.
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