MUMBAI -- Top Indian conglomerate Tata Group has shifted its focus back to the booming home market as earnings falter at high-profile European acquisitions in cars and steel.
The group's setbacks were shown in striking fashion by the nearly $4 billion quarterly loss reported last week by automotive unit Tata Motors. Shares in the parent of U.K.-based Jaguar Land Rover tumbled as much as 30% on Friday, its sharpest decline in 26 years.
