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Great expectations from Tata’s new flag bearer
Will the newly designated successor to Ratan Tata be able to navigate an increasingly turbulent domestic and global environment for business and take the Tata Group to the next level?
Cyrus K. Mistry’s Anointment as Ratan Tata’s successor has been widely hailed, but his prospects and likely success as helmsman of the $83-billion salt-to-software Tata Group is hardly foreordained. T....Read More


A sharp contraction: Adjusting to a regime of tight credit
Credit crises usually give rise to some of the worst recessions that central banks can imagine. The recent US financial crisis is one such example. Consumers were living on debt. When the crisis hit, it resulted in a credit crunch made more severe by consumers’ tendency to save instead of spending.
Consumers were piling up debt in the years leading up to the recent US financial crisis. Total debt of all households in 2007 surged to 130% of their disposable income, compared with only 92% in 2000,....Read More


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