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.
Liverpool had two players sent off and suffered a sixth loss in seven games with a 3-1 defeat at Fulham on a Saturday of red cards in the Premier League.
The auto major had posted a profit of Rs 3,945.47 crore (Rs 39.45 billion) in the same period a year earlier.
Chelsea reclaimed top spot in the Premier League with a crushing 5-0 win over Blackburn Rovers on Saturday but Tottenham Hotspur were brought down to earth when Stoke City snatched a late 1-0 victory at White Hart Lane.
The GL hasn't been inspired by the boxy looks of the G-Class but Mercedes-Benz picked up the ML's design for the GL-Class.
In an interview published in the Sunday Times on Sunday, Ratan Tata admitted with hindsight that he might have gone too far too fast, but that nobody saw the economic recession coming.
Tata Motors, India's largest commercial vehicle maker, is in the process of raising Rs 5,000 crore through a bond issue to refinance the remaining $ 2 billion (Rs 10,000 crore) bridge loan it took to acquire Jaguar and Land Rover.
Blackburn Rovers have signed former Real Madrid defender Michel Salgado for two years on a free transfer, the Premier League club said on Wednesday.
Liverpool striker Daniel Sturridge has had successful surgery on a hip problem that effectively ended his season, he said on social media on Tuesday.
Responding to a question on whether Tata-owned JLR was in talks with the UK government for a bailout package, Mandelson said it was too early to judge whether the state would be willing to help Jaguar Land Rover, which employs around 15,000 workers.
Sunday Times reports Tata Group has agreed in principle to invest pound 100 million alongside refinancing.
The two iconic brands are also developing hybrid engines for use in future models of JLR. Two British marquee had made a loss of over Rs 1,777.35 crore or Rs 17.77 billion (before interest, exceptional items and tax) in 2008-09 due to global meltdown, while the income from JLR sales stood at Rs 39,270.70 crore (Rs 392.7 billion). It had laid off over 2,200 staff.
After months of negotiations, Tata Motors-owned Jaguar Land Rover is likely to get approval for a loan of pound 270 million (about Rs 2,000 crore) from the European Investment Bank on April 7, BBC reported on Saturday quoting official sources.
Jaguar X-TYPE, an 8-yr-old range, constituted nearly a fourth of annual production till now.
The three favourites for the English League Cup were kept apart when the draw for the quarter-finals was made on Saturday. Manchester United will host Blackburn Rovers in the only all Premier League clash while Arsenal, who will keep faith with their policy of fielding the reserves in the competition, will travel to Championship (second division) Burnley who beat Chelsea on penalties on Wednesday.
A JLR spokesperson said this offer will apply to nearly 6,000 of its 14,500 employees who are categorised as salaried employees. The rest of the workers are paid weekly. He further said 25 per cent of those to whom this offer was made have already accepted it.
The list of '10 Cars That Changed The World' also features the Ford Model T, the Volkswagen Beetle, the Trabant, the Porsche 911, the Ford Mustang, the AMC Eagle, the Jeep Cherokee, the Dodge Caravan and the Toyota Prius. 'These vehicles changed people's lifestyles and habits as well as automakers' long-term strategies. Some even changed governments,' the magazine said in an accompanying report.
Indian high commissioner Shiv Shankar Mukherjee has asked the British companies, based in Birmingham and other towns in the West Midlands, to expand and avail of opportunities offered by India.
JLR sees job cut if the situation does not improve.
Aston Villa beat Blackburn Rovers 2-0 on Saturday for a club record seventh consecutive away league victory to stay firmly in the Premier League title race.
Defying the security cordon, Modi even got off his vehicle a couple of times, walked to the people waiting for him.
Tata Motors, which is announcing its results January 30, is likely to end 2008-09 with around Rs 500 crore (Rs 5 billion) less cash mainly because sales of commercial vehicles, which account for about 60 per cent of its revenues, have dropped sharply.
The India foray of the two brands, which debuted in 1922 and 1948, respectively, has been hastened by their new Indian owner, Tata Motors, which took over in 2008 from Ford Motor Company of the US. The spokesperson said Tata Motors would be the distributor of these brands in India.
Third tier Peterborough United produced the performance of the FA Cup fourth round when they twice came from behind in the dying minutes to earn a 2-2 draw at Premier League West Bromwich Albion on Saturday.
First time in 13 years the company has declined payment of dividend.
The saloon's interiors, powerful engine and latest technology will enhance the in-car experience of discerning customers by making it even more productive, entertaining and relaxing.
The cash injection from Tata has bought ministers breathing space to respond to demands for multi-billion-pound loan guarantees from the car sector. Alistair Darling, chancellor, is understood to be concerned that any state support does not set too generous a precedent for other sectors.
Sam Allardyce got off to a flying start as manager of Blackburn Rovers when the Premier League strugglers beat Stoke City 3-0 on Saturday to claim only their second home victory of the season.
In yet another major Indian takeover, Religare, a financial services company owned by prominent businessmen Malvinder and Shivinder Singh bought London's oldest stockbroker, Hichens, Harrison & Co on Friday. The deal is seen as another example of India's growing economic clout overseas. Two weeks ago, Tata Motors bought the prestigious Jaguar and Land rover models from Ford.
Tata Motors, the country's largest automobile company, may tap its vehicle loans to raise funds for working capital and refinancing of loans for Jaguar and Land Rover acquisitions, investors and analysts said.
Top Indian businessmen are increasingly making investments abroad. They are eyeing acquisitions abroad for a number of reasons including global reach and international market penetration. But the Indian business environment is also a chief cause. Many businessmen regard Indian biz scene stifling & not open enough for free growth. The likes of Vijay Mallya and the Ruias have therefore become technically become non-resident Indians even while they run large businesses in India.
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.
Tata Motors, India's largest commercial vehicle maker, has postponed plans for an overseas equity issue and sale of investments to repay the $3 billion bridge loan it took in June last year to acquire the Jaguar and Land Rover brands from Ford.
A preview of Saturday's action in the English Premier League.
A year after the Tata group took over the two of Britain's most iconic automobile brands, Jaguar and Land Rover, it is faced with newer and bigger challenges than it would have expected when it paid $2.3 billion to Ford for the acquisitions on March 26, 2008.
Despite what the Nano can do to the country's automobile market, its ability to transform Tata Motors' financials will be limited, says Shyamal Majumdar.
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.
Tottenham Hotspur continued their slow climb away from the Premier League danger zone when Roman Pavlychenko's early goal gave them a scrappy 1-0 home win over 10-man Blackburn Rovers on Sunday.
News of all that's transpired on and off the football field
Tata Motors, which bought Jaguar and Land Rover, said it will reconsider its plan to raise as much as $600 million from overseas markets due to the global credit crisis. The decision also follows a 34 per cent drop in the company's second-quarter profit owing to foreign currency losses and slowing sales.
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