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| IIITA's e-Magazine |
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 Oct-Dec 2007 Vol 4 Issue 15 |
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Limelight |
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| TATAS TITANIUM PROJECT |
Titanium metal could be the metal of the future and Tatas would love to invest their money in it, as they did it in steel hundred years back.Titanium dioxide is a $9.5-billion global industry.The average compound annual growth rate of the industry over the last few years has been around 3%.The Tatas, planning to produce 100,000 tonnes of titanium dioxide, will look at its export after meeting the local demand. |
BITTER NOW |
What has begun as a partnership of equals between Tatas and Birlas has now turned into a full blown clash of egos.Both groups are accusing each other of violations of a Shareholder’s Agreement (SHA) for the management of Idea Cellular-originated from Birla AT&T Communications and Tata Cellular.The Birlas have cited a violation of this clause by the Tatas in the license subsequently acquired by Tata Teleservices.The Tatas have,on their part,accused the Birlas of violating the same in filing an application for the Mumbai circle through their company,Aditya Birla Telecom(ABTL).. |
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