N Chandrasekaran gets down to business, could soon shut or sell off misfiring Tata companies

Emphasising that there will "definitely" be pruning of the Tata portfolio, Tata Sons Chairman Natarajan Chandrasekaran has said that the company will not exit a business "just to get a headline" but only when it is certain it is not getting returns from it. 

"Tata is already a $100 billion group. To get to the next level we need scale. We can't do it with multiple small companies. We need top companies. I am not saying specifically that all companies need to be No. 1 or 2 [in their sectors], but we need to have top companies," Chandrasekaran said in an interview to Fortune magazine. 

The magazine noted that Chandrasekaran, 54, is not ruling out selling off underperforming companies. 

Read more