http://profit.ndtv.com – Tata Group Chairman Ratan Tata has asked CEOs and Managing Directors of 98 group companies to tighten belts, which could include putting off acquisitions and slowing capacity expansions, in view of the current financial crisis across the globe. When contacted a Tata Sons spokesperson said, "The senior managements of the Tata Group companies have been advised to be sensitive and conscious of the difficult financial circumstances existing today and have been requested to be proactive to focus on cash flows and conserve expenditure wherever prudently possible." Read more »