Great-great-great uncle Jamsetji* set up a trading firm in Mumbai 148 years ago. The company did rather well. Over the years it grew and turned the family name — Tata — into a global brand that made everything from cars to Tetley teabags.
The clock is ticking down on the sale of Europe’s largest steel production site — Italian steelmaker Ilva’s Taranto steelworks — with the facility’s administrators confirming last week that the new owner will be announced in the first half of 2017.
The sale is being heralded as one of the most significant developments in the European steel sector in recent years, with the coinciding merger talks between Tata and Thyssenkrupp all pointing towards greater European steel industry consolidation.