According to a survey report, the rising rupee value versus the US dollar and a consequent upsurge in rates of interest has resulted to an unexpected fall in the confidence level of corporate India.
Jamsetji Nusserwanji Tata had a dream to make India self dependent by using Science and Technology. He devoted his life to hydro-electric power plans and Iron & Steel Works at Jamshedpur. He believed in offering low cost solutions to clients and to add value to wealth of shareholders. After the acquisition of the Corus group, the company is among the first five steelmakers in the world. Tata has also acquired NatSteel Asia and Millennium Steel Thailand.
Mumbai: For the second consecutive week, the country’s forex reserves came down by $2.551 billion to $226.445 billion for the week ended August 17, 2007.