The company has since been renamed Tata Steel Europe. The acquisition of Corus, which was Europes second largest steel maker, catapulted the company into becoming the worlds seventh largest steel producer, although it hasnt been as financially remunerative as stock market analysts would have liked. Another acquisition, and more fruitful than the Corus purchase to date, was Tata Motors acquisition of the iconic British car maker Jaguar Land Rover. The acquisition provided a hedge against the weakness faced by the companys domestic passenger car business. There have been several other acquisitions TCS bought CMC Ltd; Tata Sons acquired a controlling stake in state run Videsh Sanchar Nigam Ltd (now known as Tata Communications Ltd); Tata Motors bought the heavy vehicles unit of Daewoo Motors in Korea; Tata Steel acquired Singapores NatSteel; and Indian Hotels Co. Ltd took over management of The Pierre in New York. But if globalization reflects the buy side of the Tata story, then efforts to innovate indicate the make side of it.