In Chandra’s remarks, a prescient warning

The Tata group chairman may be prepping investors for a sharp dip in overall valuation, a first in five years.

On Monday, Tata Sons chairman N. Chandrasekaran said that inflation could play spoilsport to business prospects over the year. Addressing shareholders at the virtual annual general meeting of Tata Consumer Products Ltd, the fifth most valuable company in the Rs 20 lakh crore group, he warned that the existing operating environment remains highly volatile and persistent inflation will likely impact demand.

That was the second time in a month that Chandrasekaran has voiced concerns about inflation. In the second week  of June, at the annual meeting of Tata Consultancy Services too, he said, “The Russia-Ukraine crisis has imparted a stagflationary …

Author

T Surendar

Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.

Executive Editor

surendar@mailtmc.com

Mumbai