Our India

Is India Bad for Jaguar? - TIME: "Indeed, if history is any guide, Indian companies take rebuttal as a challenge. When British-based Indian-born businessman Lakshmi Mittal first bid for French steel maker Arcelor last year, the company's French CEO said he was horrified by the idea of an Indian taking over, likening Mittal Steel to eau de Cologne and Arcelor to perfume. Within months, Mittal had won out. A century earlier, when Tata founder Jamsetji Tata suggested making steel for the colonial railway system, a British administrator dismissed the idea with barely concealed contempt. Earlier this year, Tata paid almost $14 billion to buy Corus, British Steel's successor. The moral of that story is not lost on India's corporate captains. They say that Western companies had better get used to the idea of Indians taking over."