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3 young men killed in Kansas grain elevator blast

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Tanker explodes near U.S. base in Afghanistan, killing 10

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Gaddafi buried in unknown location

The Libyan government buried Muammar Gaddafi in an unknown locathttp://www.blogger.com/html?blogID=7604588067708345099ion at dawn on Tuesday, al-Jazeera television reported, citing a source in the ruling National Transitional Council (NTC).

Showing posts with label sprawl confront next Tata Group leader. Show all posts
Showing posts with label sprawl confront next Tata Group leader. Show all posts

Friday, 27 May 2011

Tradition, sprawl confront next Tata Group leader

(Reuters) - Ratan Tata, retiring soon as chairman of India's sprawling Tata conglomerate, is known for making sketches of the company's next car model and fussing over details of a hotel's design.
Whoever succeeds him in India's highest-profile job is likely to be less caught up in details and more focused on taming an unwieldy $67 billion business that earns pedestrian returns and is saddled with debt after an acquisition spree.
The search for a successor to head the enterprise, founded by 73-year-old Ratan Tata's great-grandfather in 1868, has not gone entirely as planned. Last August, Ratan Tata, who has been at the helm for 20 years, had predicted it would announce a successor by March this year.
No announcement is imminent, a source with direct knowledge of the matter told Reuters earlier this week.
The delay underscores the challenges facing the group, which for the first time in its 143-year history is looking outside the family, and the companies, to fill the top spot.