The report quoted unnamed sources at Land Rover as saying, "It is definitely Tata. There is one final meeting and so long as there is no last minute hitches, which are not expected, then an announcement will be made on Friday." The final details would be worked out in the next six weeks, it added. The report also quoted a union official as saying that Mahindra's bid fell flat because of links to a private equity firm as the Indian firm was working with Apollo.
Successors work hard, and many of them succeed and stay for many years. 'But when they don't it is best to be civil and part ways than seek confrontation which might prove acrimonious and futile.'
The company is not holding plans for clarity on policy.
The Insolvency and Bankruptcy Code (IBC) got a leg-up with Tata Steel's acquisition of Bhushan Steel, the first big case to be resolved. Tata Steel CEO & MD T V Narendran tells Ishita Ayan Dutt how this deal moved so quickly while others are still mired in controversies.
Worth Rs 210,024 cr, it is Rs 1,100 cr shy of combined Rs 211,186 cr value of Tata Motors and M&M
From an average of about 1,800 units a month in 2010-11, Fiat sales dropped to about 900 units a month in the first four months of this financial year, according to data from the Society of Indian Automobile Manufacturers.
Union Minister of Commerce and Textiles Piyush Goyal has stirred up a hornet's nest by taking on India Inc, specifically the Tata group, which is among the companies that lobbied against the Modi government's pro-consumer draft e-commerce policies. While Goyal's comments, made at a Confederation of Indian Industry (CII) event, were streamed live on YouTube, the industry lobbying body later edited the video and subsequently withdrew the entire speech. Goyal had said the Tata group and other Indian companies often lobbied for their interest, while ignoring national interest.
According to Indian tax laws, an acquisition or sale made by an overseas subsidiary of an Indian company is not liable for taxation in India.
To be priced between Rs 6 - 7 lakh.
VCs have been especially bullish about India.
Tata Motors reported a 25.47 per cent decline in its net profit.
The Delhi High court on Monday directed Tata Teleservices to pay within four weeks 50 per cent of the demand of Rs 95 lakh raised by BSNL for interconnectivity on limited mobile service brand 'Walky'.
The recent equity market weakness has sobered up investor mood, but the coming festive season is keeping analysts upbeat on stocks related to the consumption basket. Among the lot, fast-moving consumer goods (FMCG), retail, and consumer electronics segments are expected to do well over the next few months, and investors should thus selectively take bets in these pockets, analysts suggest. "We expect good volume growth for the FMCG sector during the festive season with some improvement in rural demand.
Open order books in February breach 700,000; wait period for some models exceed a year.
Coventry-based Nick Seale of the Warwick Manufacturing Group believes that the takeover will also be of global and historic significance. Seale said: "When the history of the motor industry is written, they will look back on this event as one of the key turning points.
According to industry data, for two months, sale of the Zest (7,359 units) were higher than that of Amaze (6,792 units).
This year's edition, three years lost to the pandemic and scheduling, wore a distinctive shade of green, and, as would befit an era of technology shift from internal combustion engines to electric motors, had a clutch of high-technology exhibits and concepts. But the excitement of the expo's heyday was missing.
As many as 25-30 new products, upgrades and variants will be launched by the Mumbai-based company in the second half of the financial year, even as hope of a demand turnaround remains distant.
Less than a year after acquiring Anglo-Dutch steelmaker Corus, Tata Group appears close to taking over the reins of Ford's British marques - Land Rover and Jaguar, for which it is believed to have submitted a detailed offer of more than $2 billion. The home-grown business conglomerate is understood to be leading the race for the two brands at close of second-round of bidding on Friday, media reports said.
During the 11 years ending FY15, Tata Sons cumulatively earned dividend income of around Rs 31,500 crore from TCS.
The company took five years to sell the 250,000 units of the Nano.
It said total passenger vehicles sales were 45,380 units, in January 2010, a growth of 76 per cent from the corresponding month last year.
Both these online offers are, however, available for a limited period.
Tata Motors on Friday reported an 84 per cent jump in its global sales at 74,707 units for December 2008, compared to the corresponding month in 2008. The company also posted 137 per cent surge in the sale of its commercial vehicles at 37,326 units in December 2009, it said in a statement. During the month under review, it sold 16,247 units of passenger vehicles, up by 53 per cent, against the same month previous year, it added.
Does India's most valued company give hope to its investors that they, too, might drive a Jaguar some day?
Unlike Pepsi's Kendell Jenner ad, Tata Tea's Jaago Re campaigns were careful not to insert its product in the ad's storyline and they targeted topics on which there was near unanimity of outrage.
Few people know Ratan Tata as well as R K Krishna Kumar does. Widely perceived to be among the managers closest to Tata, Krishna Kumar assesses Ratan Tata, the man and business leader, in this exclusive interview to Rediff.com's Vaihayasi Pande Daniel.
"After the expiry of our agreement in March, we are still providing them signals as we are involved in another litigation with them. Taking advantage of the situation they are doing whatever they want with our signals under the direction of TDSAT," ESPN Software India Managing Director RC Venkateish told PTI. "We will be moving the Delhi high court against TataSky on two-three specific aspects," Venkateish said, however, declining to share the details.
Ratan Tata has invested his own money into 3 high-growth online retail firms, which are yet to make a profit.
Industrial conglomerate Tata group has spent $ 133 million in advisory fees related to various buyouts in the last two years, according to data compiled by leading global financial information provider Dealogic. The group has acquired as many as 56 businesses with a total volume of $ 20.6 billion in the last two years, accounting for 82 per cent of their total merger & acquisition volume. Since the year 2002 the Tata group has made as many as 106 acquisitions valued at $ 2mn.
Shares of companies having investments of late billionaire investor Rakesh Jhunjhunwala ended on a mixed note on Tuesday. The 62-year-old investor, who was known as the Big Bull and Warren Buffett of India for his investment acumen, passed away on Sunday. Jhunjhunwala had investments in more than three dozen companies, the most valuable being watch and jewellery maker Titan, part of the Tata group. Titan ended 0.88 pe cent higher at Rs 2,493.65.
Even as India's passenger-vehicle sales touched a record high of 3.9 million units in 2022-23, growing 27 per cent over the previous financial year, the country's largest carmaker, Maruti Suzuki India (MSIL), said on Monday uncertainties in the electronic-component supplies might affect production in FY24. MSIL said the shortage of electronic components had some impact on production in FY23. "The company took all possible measures to minimise the impact.
JLR is looking to increase sales point in India to 20 by the end of the fiscal from the current four.
Tata Tea, India's largest tea company by volumes, has announced its foray into the Rs 10,000 crore (Rs 100 billion) branded cold drinks market with the launch of T!ON - a tea and fruit-based cold beverage targeted at the youth.
Tata Sons-owned Infiniti Retail, which runs electronics and durable stores under the Croma brand, is expecting a turnover of Rs 2,000 crore (Rs 20 billion) from its newly launched online venture in two years. Cromaretail.com, the chain's e-retail venture, on Monday went live in 319 cities across 24 states.
The company is still short of over Rs 4500 crore (Rs 45 billion) to refinance the debt which is due before June 2 this year. The company had planned to raise the fund for refinancing through three routes. It planned to raise about Rs 4200 crore through rights issues which it managed after the issue devolved on underwriters in October as the stock prices were tumbling globally following the economic crisis.
Many say Tata Motors has perhaps paid the price for being too ambitious.
Under the deal that gives Fusion Automotive exclusive marketing and distribution rights within the country, it will first start with a range of commercial vehicles in the fourth quarter of 2013, according to media reports.
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