TOKYO -- Tata Group, India's biggest conglomerate by revenue, is stuck in the doldrums. Its flagship car and steel businesses, which made Tata famous around the world thanks to high-profile overseas acquisitions, have become a drag on the group over the past two years.
Of the group's main operations, the only one that is growing steadily is Tata Consultancy Service's IT business. Overall, net profit from the three key businesses has fallen by more than half in the two years through March 2020 to 216.6 billion rupees ($3 billion).
