Endangered species

摘要

IN THE PANICKY initial days of India's co-vid-19 lockdown, the country could count on one venerable institution. Tata, a 152-year-old conglomerate, bought millions of dollars' worth of medical supplies for clinics and hospitals. Its shut businesses did not lay off a single worker. A new subsidiary was conjured up to develop a one-hour coronavirus test using gene-editing technology, which was approved last month. Each of these was a feat in its own right. Collectively, they look remarkable. That is what Indians have come to expect from Tata since its founding in 1868. The group's holding company, Tata Sons, and the seven charities which today own 66% of its shares, have been a pillar of India's philanthropy, donating $156m last financial year, as well as its industry. The group thrived by helping India through its challenges, accruing businesses as it went.