For the past two days, St James’ Court, a Taj Hotel in London, became Tata Group’s de-facto headquarter with its board deliberating on the company's future course under new chairman N Chandrasekaran. Chandra, as the chairman is popularly known, took over the reins of $104-billion group in February.
This is the second consecutive year when the conglomerate's board is meeting outside India, emphasising its global aspirations. On top of the agenda was the future course for stressed businesses such as Tata Steel Europe and Tata Teleservices.
In February, debt ridden Tata Steel signed a definitive agreement to sell its UK specialty steels
