India's Tata Takes On an Albatross
US$2.6 billion Air India takeover reflects Modi’s and Ratan Tata’s drive
By: John Elliott
Tata’s planned US$2.6 billion takeover of Air India has significant ramifications beyond the basic news of what must be the biggest money-loser ever to have been privatized anywhere since Britain’s Thatcher government coined the phrase in 1979.
First, it shows that Narendra Modi’s government, while facing intense criticism internationally…
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