Tata Motors has bought Jaguar and Land Rover for USD 2.3 billion. Ratan Tata, Chairman, Tata Group said that he is very pleased with JLR being a significant part of the auto business. Earlier, Tony Woodley, Joint General Secretary of Unitethe Union of JLRhad said that if Jaguar Land Rover had to be sold, then Tata was the best option. Source: Moneycontrol Top Headlines | 26 Mar 2008 | 5:50 pm
IDBI has reduced prime lending rate by 50 bps to 12.75% from April 1, reports CNBCTV18 quoting Newswire 18. Source: Moneycontrol Top Headlines | 26 Mar 2008 | 5:27 pm
Tata Motors globalisation drive will get a boost with this deal. Jaguar and Land Rover are present together in close to 230 countries. Future generation of Tata\'s Safariwhich was touted as the desi Pajero and its utility vehicle range, will get a major tech boost with access to Land Rover\'s research and development (RD) division. Source: Moneycontrol Top Headlines | 26 Mar 2008 | 4:10 pm
KS Oils has purchased 50,000 acres of palm plantation in Indonesia, reports CNBCTV18. Sanjay Agarwal of KS Oils said the company plans to invest Rs 230 crore over the next three years. Source: Moneycontrol Top Headlines | 26 Mar 2008 | 3:48 pm
ISec has brought a report on Emami stating fair value at Rs 315, which is nearly a 50% increase from the current market price. Speaking to CNBCTV18, Aditya Agarwal, Director at Emami Group said that as far as FMCG is concerned, the company are looking for a growth of around 30% YoY in its sales. Source: Moneycontrol Top Headlines | 26 Mar 2008 | 3:37 pm
In the shortterm, Tata Motors may make a special purpose vehicle (SPV) to fund JLR acquisition, like they have done with TataCorus. They could raise a bridge loan, go ahead raising longterm debt and taking the equity dilution, said CNBCTV18 Analyst Raja Rajeshwari. Source: Moneycontrol Top Headlines | 26 Mar 2008 | 3:35 pm
Asian Auto Analyst, Ashvin Chotai feels that it is a tough challenge for Tata to turn around Jaguar. He feels that the deal is not huge in size, but the event is symbolic, given that the power will shift from the \'West\' to the \' East.\' Source: Moneycontrol Top Headlines | 26 Mar 2008 | 3:20 pm
There has been a lot of reports about rentals and residential property prices cooling off significantly on a panIndia basis. But Pradeep Jain of Parsvnath Developers doesn\'t think prices have been cooling off in north India, though. He said there is no fall in the prices as such, except in the few areas like in the extension part of the Gurgaon. Source: Moneycontrol Top Headlines | 26 Mar 2008 | 2:35 pm
Hichens Harrison has confirmed talks with Religare for a possible cash offer. Sunil Godhwani, MD CEO of Religare said they have made an offer at 285 pence per share for the company. According to him, the company is an excellent matching synergy with the institutional side of their business Source: Moneycontrol Top Headlines | 26 Mar 2008 | 2:33 pm
Rajeev Piramal, Peninsula Land feels that commercial residential real estates have been priced to optimum. Sanjay Dutt, Joint MD of Cushman Wakefield observes that prices in Pune are still seeing appreciation. Rajiv Sabharwal, Senior General Manager of ICICI Bank informed that his Banks loan growth in value has dropped. Source: Moneycontrol Top Headlines | 26 Mar 2008 | 12:54 pm
NEW DELHI (Reuters) - India's Bharti Group, which controls the country's top mobile firm Bharti Airtel, said on Wednesday its subsidiary Guernsey Airtel had launched mobile services in Guernsey in the Channel Islands in Europe.
NEW DELHI (Reuters) - Trade between India and Brazil grew 57 percent in the first two months of this year, at nearly double the rate in 2007, and this pace could help reach a $10 billion target by 2010, Brazil's foreign trade minister said.
NEW DELHI (Reuters) - India's economy should grow by 8.0-8.5 percent in the fiscal year to end-March 2009, the deputy chairman of the Planning Commission, Montek Singh Ahluwalia, said on Wednesday.
MUMBAI/LONDON (Reuters) - India's Tata Motors Ltd geared up for a bigger international presence on Wednesday with the expected announcement of its $2 billion-plus purchase of luxury brands Jaguar and Land Rover from Ford Motor Co.
NEW DELHI (Reuters) - India's cabinet is likely to discuss on Thursday extending for another year a scheme that refunds some taxes to exporters, Trade Minister Kamal Nath told reporters.
India's crude oil production fell 3.6 percent below the envisaged target in February despite surplus output from private oilfields, an official statement Wednesday. Source: IndiaeNews.com: Business News | 26 Mar 2008 | 11:30 am
The government needs to push reforms quickly so as to transform the private radio industry and boost the revenue streams, experts have said and noted that the Rs.3 billion industry is currently plagued by lack of viability. Source: IndiaeNews.com: Business News | 26 Mar 2008 | 11:30 am
NEW DELHI (Reuters) - India's main share index fell 0.8 percent on Wednesday as investors pared positions after the previous day's 6 percent jump, with uncertainties about the U.S. economy and expiry of monthly derivatives weighing on sentiment.
As the Rs.13 billion ($324 million) animation industry grows rapidly in India, global players like Walt Disney and Cartoon Network are increasingly looking at the country for content - with the same level of specialisation but at lower cost. Source: IndiaeNews.com: Business News | 26 Mar 2008 | 10:30 am
With 'The Mystique of Luxury' as its theme, the third Mint-Hindustan Times Luxury Conference kicks off here Friday to deliberate on a broad swathe of issues spanning fashion, hospitality, interiors, yachts, jets, gourmet cuisine and intellectual property rights. Source: IndiaeNews.com: Business News | 26 Mar 2008 | 10:02 am
With the takeover of two British automobile marquees Jaguar and Land Rover, the $28.8 billion Tata group, with 98 companies in its fold, will add another prominent entry to its growing roster of global acquisitions. Source: IndiaeNews.com: Business News | 26 Mar 2008 | 10:01 am
A factsheet on the Tata group, India's largest private sector business conglomerate, founded by Jamsetji Tata in the mid 19th century: Source: IndiaeNews.com: Business News | 26 Mar 2008 | 10:01 am
MUMBAI (Reuters) - India's gold demand slackened on Wednesday as prices continued to inch up after providing buyers an opportune one-month dip earlier in the week, when they stocked up for near term needs.
SINGAPORE (Reuters) - The government expects economic growth to be near 9 percent in the fiscal year ending in March although financial market turbulence is making it harder to achieve such growth rates, Finance Minister Palaniappan Chidambaram said on Wednesday.
SINGAPORE (Reuters) - Gold extended gains on Wednesday after a falling U.S. dollar encouraged funds and investors to shift money back into the precious metal following last week's heavy sell-down.
The business of animation rests, among others issues, on having strategic partners who will be able to create products that can be long lasting, experts maintain. Source: IndiaeNews.com: Business News | 26 Mar 2008 | 8:33 am
Tata Motors clinched the deal Wednesday with Ford to acquire its two most luxurious British brands - Jaguar and Land Rover, for over $2 billion, informed sources said. Source: IndiaeNews.com: Business News | 26 Mar 2008 | 6:02 am
Key Indian equities market index Sensex opened weak Wednesday due to poor interest among buyers, despite a record close at 16,217.49 points the day before. Source: IndiaeNews.com: Business News | 26 Mar 2008 | 6:00 am
Television and cinema content major Graphiti Multimedia is launching several projects in India over the next three-four years and has hired global creative heads to drive the initiatives, a top official has said. Source: IndiaeNews.com: Business News | 26 Mar 2008 | 4:30 am
Chennai, March 25 Mr M. Balachandran, Director of the Institute of Banking Personnel Selection (IBPS), an organisation that assists banks in recruitment, promotion and talent matching, said that there was a surge in the last two to three years ... Source: Business Line - Home Page | 26 Mar 2008 | 12:00 am
Mumbai, March 25 Hasty decisions often lead to unintended consequences; and our government is in the habit of taking hasty decisions that hurt not the Government itself or the officials responsible for such decisions, but industry and trade ... Source: Business Line - Home Page | 26 Mar 2008 | 12:00 am
The Indian outsourcing sector is amongst the worst hit by the rising rupee with most of the companies showing a slump in growth and profitability. Valuations too have fallen. However, this situation not only reflects the ‘deteriorated ... Source: Business Line - Home Page | 26 Mar 2008 | 12:00 am
New Delhi, March 25 In a move that could raise alarm bells in Sanchar Bhawan, the Sixth Pay Commission report has recommended scrapping the Indian telecom services cadre and the Telecom Commission. While the Telecom Commission is the ... Source: Business Line - Home Page | 26 Mar 2008 | 12:00 am
The Sensex opened like soda pop and kept fizzing till nearly a 1000 points were taken as bear-weary investors and frantic shorters rushed to buy. Source: Daily News & Analysis: Money News | 25 Mar 2008 | 10:43 pm
The simmering discontent over rising steel prices is turning into a conflagration that downstream industries feel will singe the common man. Source: Daily News & Analysis: Money News | 25 Mar 2008 | 10:42 pm
After shaking up the banking industry with the merger of Centurion Bank of Punjab last month, private sector HDFC Bank is planning to start a non-banking finance company. Source: Daily News & Analysis: Money News | 25 Mar 2008 | 10:41 pm
As the fourth-quarter ends for India Inc, it may not choose to look back, because global economic roil, a sharp increase in commodity prices. Source: Daily News & Analysis: Money News | 25 Mar 2008 | 10:39 pm
Renault may introduce at least four new car platforms in India from the Chennai manufacturing facility it is building in partnership with sister company Nissan. Source: Daily News & Analysis: Money News | 25 Mar 2008 | 10:38 pm
The proposed three-way alliance between Renault, Nissan and Bajaj Auto for developing an ultra low-cost car from scratch could still be some months away. Source: Daily News & Analysis: Money News | 25 Mar 2008 | 10:38 pm
Jaiprakash Associates Ltd has raised Rs 1,150 crore by selling a 1% equity stake in its unit Jaypee Infratech Ltd to ICICI for Rs 250 crore and securing a long-term loan of Rs 900 crore. Source: Daily News & Analysis: Money News | 25 Mar 2008 | 10:37 pm
Consumer durables manufacturers appear determined to keep the summer as cool as possible for customers. Source: Daily News & Analysis: Money News | 25 Mar 2008 | 10:35 pm
Spiritual leaders like Ramdev and Sri Sri can help mobilise youngsters for monitoring various projects. Source: Daily News & Analysis: Money News | 25 Mar 2008 | 10:14 pm
Cut deeper into the countryside with affordable but feature-rich handsets - that seems to be the mantra for telcos today. Source: Daily News & Analysis: Money News | 25 Mar 2008 | 10:13 pm
The over 1.6 million employees of central public sector companies are demanding a salary increase of over 100 per cent, saying the average 40 per cent raise recommended by the Sixth Pay Commission for Source: Business Standard | Front Page Headlines | 25 Mar 2008 | 6:38 pm
