Smith's financial acumen steered the troubled car maker through its toughest times in the recent past.
Six days of meetings over two weeks between Tata Motors' Jaguar Land Rover (JLR) and its workers' union ended without agreement on terms of employment for new hires.
Given the region's already higher unemployment rates, compared to national averages, it would be difficult to find alternative jobs.
ArcelorMittal, the world's largest steel maker, will benefit from a windfall of 1 billion (Rs 7,000 crore), thanks to the carbon credits issued to it under the European Trading Scheme. The Sunday Times today reported that ArcelorMittal will be the single largest beneficiary under the ETS due to its dominant presence in Europe.
The change in the brand name can show up on the company's locations, stationary and vehicles. The rebranding process, if approved by the company, is expected to commence next summer.
Kant's projection of the Tata Group as an integral part of the British industrial landscape comes at a time when Tata Motors' owned Jaguar Land Rover had faced some challenges in convincing the UK government to lend support in raising money.
Agriculture output has been reduced due to adverse impact of shortfall in rain or floods in some parts of the country.
We call it Nano, they don't have to, says vice-chairman Ravi Kant
Bank of America Merrill Lynch, Citigroup, Credit Suisse, Goldman Sachs International, JP Morgan Securities, Morgan Stanley, Nomura and UBS have confirmed their commitment to the FSA Rule and the supporting Code on remuneration practices. These were published in August and would come into force on January 1, 2010 (and cover payments for performance year 2009).
The company is accused of overlooking local community's interests.
According to a British magazine, 59-year-old Mittal, who bought a 20 per cent stake in Queens Park Rangers Football Club for 200,000 in December 2007, is considered the wealthiest man among football club owners, with an estimated value of 18.4 billion at his command.
Tata Group-owned British car maker Jaguar Land Rover announced on Wednesday that it had secured a 175 million (Rs 1,300 crore) from State Bank of India. This comes over and above the $90 million (Rs 420 crore) committed export financing facility with ABC International Bank, the company said.
Union minister for law and justice M Veerappa Moily said India was committed to opening its legal sector to foreign law companies as agreed under the World Trade Organization negotiations, but would tread cautiously on this decision. At the same time, the country would not do anything that undermined the autonomy of the Bar Council of India, he added.
UK-based news magazine, The Economist, on Monday named Tata Group Chairman Ratan Tata as the winner of the eighth edition of its annual 'Business Process Innovation Award' for the successful development and launch of the world's cheapest car, the Tata Nano.
Job openings in the UK will be advertised for four weeks for local workers, before considering a non-European worker for the same position.
Advice: Earn juniors' respect, so that your looks cease to matter so much
Despite setting an ambitious target of generating revenues in excess of Rs 900 crore (Rs 9 billion), the organisers of the 'Commonwealth Games 2010 Delhi' expect the event to be "revenue neutral", meaning all that is earned through TV rights and other commercial deals will be spent on the game.
The package consists of a three-year committed facility to finance Land Rover's parts and accessories' inventories and receivables in the UK and the US. This is an important element of JLR's working capital financing to cover the key Land Rover parts and accessories' inventories and receivables part of our business, which has a high cash requirement, to function properly.
UK-based metals major Vedanta Resources came under more pressure as it was revealed on Tuesday that one of its group companies, Balco, is a supplier of refined aluminum to the Indian defence sector. This information is now being used by human rights campaigners to urge investors like the Church of England to divest from Vedanta Resources to keep in line with the church's policy of not investing in companies that are involved in any way in armament production.
Tata Motors has roped in international consultants Roland Berger Strategy Consultants (based in Munich) and KPMG to help its British car brands Jaguar-Land Rover trim costs and help manage cash flow.
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