As revenues thin, Tata Group companies prepare to tighten belt

MUMBAI: The $113-billion Tata Group has initiated a large-scale cost-cutting exercise across the holding company, Tata Sons, and operating firms as part of an effort to ensure liquidity amid revenue loss caused by the Covid-19 pandemic.The cuts will impact all functions, including finance, marketing, human resources and branding, officials said. The exercise was approved by the Tata Sons board at its June 5 meeting.The board is also understood