Daily Archive for April 6th, 2008

Backward ever, forward never

By Raffique Shah
Sunday, April 6th 2008

Financial ComplexON March 26, Tata Motors, a division of India’s oldest and most diversified conglomerate, paid the mighty Ford of America US$2.3 billion to acquire two jewels in Britain’s motoring crown, Land Rover and Jaguar. The next day Tata Chemicals acquired General Chemicals of the USA for US$1 billion. Even as the Tata Group spread its wings across the globe, a handful of Trinidad and Tobago’s biggest businessmen and institutions gathered at the Trinidad Hilton to sell their shares in RBTT to the Royal Bank of Canada (RBC).
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