Moody?s Investors Service on Friday downgraded the corporate family rating of Tata Motors (TML) to B1 from Ba2.
?The rating change reflects the slowdown in demand seen in both TML?s domestic and overseas markets. This translates into pressure on profitability and happens at a time when the company has increased its leverage. TML?s financial flexibility is, […]
The Tatas are close to consolidating their shareholding in Steel Strips Wheels through a planned move that could profit the conglomerate`s key companies, Tata Steel and Tata Motors, reports Economic Times.
The Tatas, who own 10% in Steel Strips through investment company Kalimati Investment, could see their shareholding rise to 13.5% after conversion of the optionally […]
A FTER homes and cars, it’s now the turn of trucks. A sharp increase in discounts by manufacturers to boost slowing sales hasn’t
translated into higher sales for truck makers. .
Compounding their woes further, delinquencies for financiers, who avail the discounts from manufacturers, have risen sharply in the past couple of months, indicating harder times for […]
TATA Motors, India’s largest commercial vehicle maker, is shedding up to 3,000 temporary jobs at its Pune factory, weeks after
its decision to cut production and dismiss a similar number of temporary workers at its Jamshedpur plant. The latest cuts could take the overall layoffs to around 6,000 workers.
Officials at Tata Motors’ Pune factory, who did […]
Jaguar Land Rover (JLR), which has been in the news for seeking �1 billion from the UK Government, has confirmed that it is in the midst of an �800-million programme for developing eco-friendly technology. This is part of a four-year emission reduction project ending 2012.
JLR, now in the fold of the Tatas, did not directly […]
Pre-engineered building systems maker Kirby announced it has bagged a Rs 70-crore order for the construction of manufacturing facilities from the Tata Nano small car greenfield project coming up at Sanand in Gujarat.
The project is under rapid execution mode, encompassing facilities for assembly, engine, weld and press shops with a total built-up area of about […]
British-based carmaker Jaguar Land Rover is in secret talks with the UK government over a 1 billion pound ($1.48 billion) loan, just nine
months after the Indian conglomerate Tata Group bought the luxury carmaker, a media roport said on Sunday.
The request reflects the sharp downturn in the global car market which has already pushed a handful […]
Tata Motors continued its relentless fall as it slid 6.5 per cent to finish at Rs 126.45.
According to analysts, lack of confidence generated by deteriorating fundamentals, including its subsidiaries has put the counter under selling pressure. There is a strong element of uncertainty regarding Jaguar and Land Rover operations. More
Courtesy: indiacar.net
Adityapur Industrial Area Development Authority (AIADA) took back 100 acres of land leased out to Tisco Growth Shop (TGS), a sister concern of the Tata Steel, in Gamariah in adjoining Saraikela-Kharswan district an AIADA official said.
The AIADA had leased altogether 350 acres of land to TGS in 1969. Tthe company had set up its plant […]
Sayonara and Tata — the two words in Japanese and Hindi mean the same — Goodbye. But the arrival of the Tatas’ Nano project to Gujarat could well provide another meeting ground for the economic relationship of over 100 years between Japan and Gujarat, feels Saichiro Mismi, a veteran champion of the Indo-Japanese friendship and […]