MUMBAI – Ratan Tata admits in an interview with The Sunday Times of London his company’s multibillion-dollar investments in steel maker Corus and British luxury marques Jaguar and Land Rover were made at the most inopportune time. Tata Steel, a division of Tata Group, reportedly paid $10.3 billion for Corus in 2007, while the group’s automotive arm, Tata Motors Ltd., paid $2.3 billion for the combined Jaguar Land Rover brands in 2008. Prices were peak in those years, and no one could ...
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