Contrary to a recent article’s suggestion, the Indian conglomerate Tata Group is not owned by the Ruia brothers. In fact, Tata Group is controlled by funds established by the Tata family, while Shashi and Ravi Ruia are the owners of the unrelated Essar Group.
Although this error has recently been corrected, it is important to provide accurate information about such significant companies and their owners. Tata Group, one of the largest conglomerates in India, has a rich history and a wide range of operations. It is present in various sectors such as automotive, steel, IT, energy, chemicals, and many more. Maintaining control of this company by the Tata family is crucial for its long-term development and stability.
On the other hand, Essar Group, owned by the Ruia brothers, also plays an important role in the Indian economy. Focused primarily on the steel, oil, and energy industries, Essar Group has its unique challenges and business objectives.
Mistakes in press information can lead to misinformation and incorrect conclusions. Therefore, it is important to be cautious and verify sources of information. Business articles should be based on verified facts to provide readers with reliable and valuable knowledge.
Source: The Guardian
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The source of the article is from the blog newyorkpostgazette.com