When Jamsetji Tata closed the first Tata enterprise without hesitation

Jamsetji Tata, prominent founder of Tata Group, closed down the Tata Shipping Line in the 1890s after confronting unfair competition from the English P.&O. Despite promising lower freight rates beneficial for Indian merchants, the venture was unsustainable. This tough decision revealed his ability to make pragmatic business choices amidst challenges, maintaining his reputation as a successful entrepreneur.