Nine years ago, Tata Group shelled out $12 billion to pick up Corus - its biggest purchase till date. Now it is exiting at a huge loss. The distress sale is a dream turned sour for the group that made India's
biggest overseas acquisition at
the peak of the commodities supercycle.
Between 2004 and 2008, business leaders in India and around the world
were in the grip of unbridled optimism. After two years of lacklustre
growth in global GDP, economies around the world had started looking up
by end of 2003.
The global economy has been facing headwinds over the past few years.
Ajay Bhushan Pandey, DG and Mission Director, UIDAI, spoke to Business
Today on Aadhaar enrolment crossing the one- billion mark.