8 out of 12 sectoral indices closed in red with BSE IT and Healthcare indices losing 0.5%.
"Tata Motors, which is engaged in focused and detailed negotiations with Ford on the Jaguar Land Rover business, clarifies that the company has had no discussions with Fiat on deployment of technologies developed by Jaguar and Land Rover," the Mumbai-based company said in a statement.
The biggest spender was Tata Motors, with Rs 4,224.6 crore assigned under the R&D head.
For years, critics termed Tata's vehicle business as a millstone around the neck. But Group chairman Ratan Tata on Wednesday flattened their theory by taking the automobile venture to a new plane with the acquisition of British luxury brands Jaguar and Land Rover.
Tata Motors has acquired Ford's British marquees Jaguar and Land Rover for $2.30 billion in an all cash deal, sealing a deal that it pursued for nine months. Under the deal, Tata would continue to source engine from Ford, which would be paying about $600 million toward the pension liabilities of Jaguar-Land Rover employees.
TCS, Eicher Motors and Kotak Mahindra Bank have turned out be the fastest and most consistent wealth creators.
While declining to comment on the intended takeover bid for JLR by Tata Motors, another group company, Myers said the relationship was close to four years old.
Chandrasekaran served TCS for three decades as it rose to become the largest IT company in the country and also the crown jewel for Tata Sons
The petrol powered luxury saloon, which is being made at the company' Pune plant, comes after the successful launch of locally produced diesel-powered Jaguar XJ 3.0L earlier this year.
Auto stocks led the rally with Tata Motors, Hero MotoCorp and Maruti Suzuki leading the gains.
Jaguar Land Rover will start assembling Range Rover Evoque at Pune.
From Audi A8 to Honda Civic, here's what the auto industry has lined up in 2019.
The company believes there is a shift in consumer demand, more buyers could opt for Skoda in future
Elon Musk's likely referring to waiver of 30% local sourcing norm for setting up single-brand retail
BSE Bankex, Healthcare, Capital Goods and Consumer Durables ended higher.
Prime Minister Narendra Modi on Friday met Queen Elizabeth II over lunch for the first time during his much-anticipated visit to the UK.
More capital flows will lead to greater trade flows between the two countries.
The NSE Nifty after shuttling between 10,397.60 and 10,279.35 points, ended 47 points, or 0.45 per cent lower at 10,301.05.
The BSE Sensex spurted 130.00 points to end at 35,980.93, while the broader NSE Nifty advanced 30.35 points to 10,802.15.
Banking stocks dipped with Nifty PSU Bank index falling 1.7% after the government notified the ordinance that seeks to tackle non-performing loans in the sector.
Sensex ends in green on boost from bluechip stocks.
The broader NSE Nifty, after shuttling between 10,651.60 and 10.532.70 points on alternate bouts of buying and selling, closed 6.20 points, or 0.06 per cent, down at 10,576.30.
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
Fiat Chrysler will be shipping its first India made product - the Compass SUV - to right hand drive markets like UK, Japan, Australia and South Africa in the next few months.
The BSE Sensex moved up 103 points to 35,319.35, while the wider NSE Nifty finished at 10,741.70, up 23.90 points.
FCA has alleged that the Roxor, which M&M imports in the US from India as knocked-down kits, was "a nearly identical copy of the iconic Jeep design", adding that the product was modelled after the original Willys Jeep.
GST has been hanging fire with the Opposition Congress yet to come on board
Most say they will review their Make in India plans as prices may top pre-GST level
Over the past two years, Tata has invested in over 20 start-ups
The UK's 697 projects created a 1.4 per cent rise in foreign direct investment jobs to 30,311.
The London Commercial court has granted Tata Sons a period of 23 days, starting July 27th 2016, to apply to set aside the exparte order
'The idea is to align the HR policies and work culture with changing times'.
After banning registration of diesel cars and SUVS with engines above 2,000 cc in December last year till March 31, the Supreme Court has extended the ban until the next hearing which is expected in July
Dividend pay-out by the group companies grew at a compounded annual rate of 15.7% under Cyrus, sharply up from 2.5% in the previous three years
IT majors weakened ahead of the September US jobs data and telecom stocks ended lower
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
Global cues lift Sensex 364 points; Nifty ends above 8,650.
The referendum will have long-term implications for Indian companies, which earn a substantial portion of revenue from the region.
A financial turnaround in Tata Steel and Tata Motors has come as a shot in the arm for Chandra.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances