American auto giant Ford is likely to retain a stake and continue supplying engines and some of the components for Jaguar and Land Rover, even after the sale of the two British luxury brands, media reports said in the United Kingdom.
A key point to understand is that Ford is selling these brands not because they are in their worst trouble ever, but simply because of Ford's overall crisis - it lost more than $12.6 billion in 2006 - is pushing CEO Alan Mulally to raise money to fulfill his declared ambition to restore the mass-market Ford business to health.
Tata Group on Wednesday announced an investment of 4 billion pounds (about Rs 42,500 crore) in setting up a flagship factory to make batteries for Jaguar Land Rover as well as other manufacturers. Tata Sons, owner of JLR, chose Bridgwater in Somerset in southwest England for the gigafactory over a rival location in Spain. The gigafactory, at 40GWh, will be one of the largest in Europe and Tata's first outside of India, the conglomerate said in a statement.
Corporate India is starting to step up its capital expenditure plans amid government incentives and signs of rising demand, company executives and analysts have indicated. This coincides with the Reserve Bank of India (RBI) recently citing a double-digit growth in private capital expenditure. Healthy balance sheets of banks and corporates, along with increasing capacity utilisation and improving business sentiment, are contributing to a favourable environment for sustained growth in private sector investments, the RBI said in its policy last week.
The HAL and GE from the US would be producing these engines jointly in a facility in India.
A constable and a Home Guard jawan, who reached the spot after the first accident of a collision involving two vehicles, were among those killed in the incident, they said.
Businesses have been reluctant to talk about contingency plans for Brexit
Tata Motors surpassed Maruti Suzuki (India) (MSIL) to become the most-valuable automobile company, in terms of market capitalisation (mcap), after a gap of seven years. With this, the company's stock hit a new high on the BSE on Tuesday (January 30). The combined mcap of Tata Motors (Rs 285.51 crore) and Tata Motors DVR (Rs 29,119 crore) stood at Rs 3.146 trillion.
The Unite union wants a 12.8 per cent pay rise
As part of the Cope India 2023 exercise, five top-notch fighter jets of the two air forces took off in quick succession from the air force base.
Will rival Porsche and is rumoured to carry a price tag of Rs 1.3 - 1.5 crore.
Tata's comments come a little over two weeks after JLR management and its workers agreed to a two-year pay freeze, subject to no compulsory layoffs for the next two years. This is also the first time the Tata chairman has made a direct public appeal to the UK government for credit support.
Extraordinary award-winning photographs from more than 20,000 images from all over the world.
The Indian Navy, which was earlier looking towards the US for design expertise, technical know-how and operational practices, is now considering the advantages of working with the Royal Navy.
Russian oil supplies to India will continue to flow unhindered and suppliers will come up with ways to sidestep secondary sanctions, a Russian official told Business Standard.
The player draft for the much-awaited Global T20 Canada 2023 was held in a hybrid-form in Mumbai.
From its lows in December, the stock of Tata Motors is up about 15 per cent. The gains came on the back of better than expected December volumes in its UK-based subsidiary Jaguar Land Rover (JLR). This coupled with gradual recovery in the global passenger vehicle demand, improving profitability due to product mix and lower commodity costs are expected to be key positives for the company.
A 10-year-old boy was killed when an Improvised Explosive Device (IED) planted by CPI-Maoists in Jharkhand's West Singbhum district exploded, a senior police officer said on Friday.
The triennial exercise will take place for two hours and fifteen minutes during the day, dusk and night, he said.
Auto industry volumes have grown by 2.5 per cent overall, led by domestic sales of three-wheelers, two-wheelers and passenger vehicles (PVs) in the first quarter of this financial year. Analysts predict an 18 per cent growth in revenues for automotive original equipment manufacturers (OEMs) and profit growth of 69 per cent year-on-year (YoY). However, on a sequential basis, a decline in revenues as well as earnings before interest, taxes, depreciation, and amortisation (Ebitda) margins is expected.
The epic ascent saw New Range Rover Sport resist the surging torrent of water flowing down the ramp of the Karahnjukar Dam -- the biggest of its kind in the world -- at a rate of 750 tonnes per minute.
Nikhil Kumaraswamy is Janata Dal-Secular leader H D Kumaraswamy's son. He is also former prime minister H D Devegowda's grandson. Nikhil will contest the May 10 assembly election in Karnataka from the Ramanagara constituency.
A MiG-21 Bison of the IAF, piloted by Wing Commander Abhinandan Varthaman was downed during a dogfight between India and Pakistan sides on February 27 after the Balakot airstrike
She is the first person to win Album of the Year four times, with her latest prize for Midnights.
The initial tests will involve vehicle-to-vehicle and vehicle-to-infrastructure communications technologies that will allow cars to "talk" to each other and roadside signs, overhead gantries and traffic lights
'Interim Budget has ignited the entrepreneurial spirit.'
Over 68,000 Army soldiers, around 90 tanks and other weapon systems were airlifted by the Indian Air Force to eastern Ladakh from across the country for rapid deployment along the Line of Actual Control (LAC) after the deadly clashes in the Galwan Valley, top sources in defence and security establishment said.
The mesmerizing march included elite marching contingents, missiles, warplanes, surveillance gadgets and lethal weapon systems, with French President Emmanuel Macron gracing the occasion as the chief guest.
After a brief lull during the pandemic, there is a strong revival in luxury car sales, bolstered by more launches across price bands, replacement demand, ban on old diesel vehicles in the NCR, and 'revenge buying'.
Watch the stunning cockpit views of the jets.
While most people associate a high-end car like Audi with luxury and comfort, for Mannu Sharma and Amit Kashyap it proved to be an inspiration to set up their own tea stall in Mumbai.
Hyderabad will host India's first ever ePrix on February 11.
Air Chief Marshal Vivek Ram Chaudhari, chief of the air staff, flew a sortie in an IAF Rafale fighter while FASF Chief General Stephane Mille flew in an IAF Su-30MKI fighter.
S&P Global Ratings has upgraded its long-term ratings on Tata Motors to speculative grade 'BB' with stable outlook on earnings improvements and potential deleveraging. The ratings agency had earlier placed Tata Motors in 'BB-'. As per S&P ratings, a BB grade is less vulnerable in the near-term but faces major ongoing uncertainties to adverse business, financial and economic conditions.
The inaugural Formula E race in Hyderabad is scheduled for February 11 next year, joining the likes of New York, London and Rome on the calendar.
The flypast will begin with "Dhwaj" formation with four Mi-17 aircraft, followed by "Rudra" and "Rahat" formations with 4 and 5 Advanced Light Helicopters, respectively.
According to the data, the tiger population was 1,411 in 2006, 1,706 in 2010, 2,226 in 2014, 2,967 in 2018 and 3,167 in 2022.
'As Tata Steel we will obviously use group-level leverage to make progress where we want.'
DS Penske's Jean-Eric Vergne won Formula E's first race in India
An Indian family, the Pandays, spend a few days on the Nepo river.
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