China's first lunar rover on Saturday successfully landed on the moon, making the communist giant one of three world powers to make a "soft landing" as part of an ambitious programme that aims to put a Chinese astronaut on the moon.
To be set up at Staffordshire, near Wolverhampton, the facility will manufacture a family of low emission 4-cylinderJLR petrol and diesel engines.
The 56-year-old German quit the Mumbai-based company after 18 months on the job, citing personal reasons.
Asked if the lander was 'damaged' during the 'hard landing", Sivan said: "That we do not know".
Ratan N Tata, chairman of the Board of Tata Motors, said, "Board respects Carl-Peter's personal circumstances that led to this move. We would like to thank him for his contributions to the successful development of our company in his role as Group chief executive officer and managing director."
NASA's Curiosity rover has used its drill system for the first time to hammer into a flat slab of Martian rock to gather samples, which will determine if the red planet once hosted life.
The 30-share Sensex ended down 208 points at 28,261 and the 50-share Nifty closed 64 points lower at 8,571.
India Inc is ready to diversify into unchartered areas.
Sales of luxury brands from Jaguar Land Rover were at 20,358 units during June, up one per cent from the same month last year.
The broader markets are outperforming the benchmark indices.
The UK-based subsidiary of the Tatas is also keeping its options open for using its India assembly plants for manufacturing cars that can be exported to other countries.
The announcement came just ahead of the meeting of a ministerial panel, headed by Finance Minister Pranab Mukherjee, to look into the Cairn-Vedanta deal which was struck in August.
The plant will initially assemble JLR's sport-utility vehicle Freelander 2 from completely knocked down kits shipped from the Halewood manufacturing unit in Liverpool, UK.
"The report is out of context and factually incorrect. Tata's comments on wealth are in the larger context of the growing disparity in the society. The comments seem to have been deliberately sensationalised," a statement from Tata Sons said.
Global expansion to drive the company's fortunes
In one of the biggest deals in the outsourced product development (OPD) market, audio and infotainment systems maker Harman International Industries will buy Indian-born serial entrepreneur Romesh Wadhwani's Symphony Teleca for $780 million (about Rs 4,800 crore at Friday's exchange rate of 61.4).
JLR is the latest in the list of companies which have announced a likely impact on operations due to crunch in auto component supplies from Japan.
"Goss, 53, will have overall responsibility for the National Sales Company operations of the Jaguar and Land Rover brands in the United States and Canada," the company said in a statement.
US-based luxury hotel chain operator Orient Express has brought on its board an Indian-origin restaurant business entrepreneur Harsha V Agadi as an independent director.
JLR is looking to increase sales point in India to 20 by the end of the fiscal from the current four.
The search panel might have to lower the benchmark to find a successor to the head of $71 billion business empire.
Tata has recently developed the Pixel city car, which the company is targeting at European drivers.
Thanks to the turnaround in JLR's performance, the stock has been the best performer in the large cap auto segment.
Four new products under the Jaguar brand are under development.
The Tata Motors-owned Jaguar Land Rover (JLR) has signed a fresh deal with China to sell 40,000 cars in 2011.The deal, said to be worth more than 1 billion, comes on the back of an order the company had bagged in 2009 for 13,000 cars valued at that time at 850 million.
The Sensex and the Nifty had touched a low of 27,921 and 8,349 respectively.
Airtel acquired African telecom operator Zain in 2010 for $10.7 billion.
The self-proclaimed voice of the British business, CBI, has said India is both a threat and an opportunity for UK's manufacturing sector. Commenting on the government's "Growth Review Framework for Advanced Manufacturing", announced earlier this week, CBI has said UK manufacturers and government must be aware of the potential threat countries like India and China pose in the global marketplace.
Mahindra & Mahindra said it will acquire 70 per cent stake in the ailing South Korean auto maker SsangYong Motor for $463 million (about Rs 2,105 crore), in order to become a global utility vehicle major. The companies have signed a definitive agreement to this effect and the acquisition process is expected to complete by March 2011, Mahindra & Mahindra (M&M) said in a statement.
Tata Motors managing director & CEO Carl-Peter Forster told Business Standard that the company would not be doing the Nano justice if it remains just the 'world's cheapest car' and, hence, will look at all the 'natural evolutions' of the Nano, including upgrades.
India's Tata Group owned Jaguar Land Rover has scrapped plans to close one of its UK plants.
The issue comprising 'A' ordinary shares aggregating $550 million and ordinary shares aggregating $200 million has been subscribed 3.4 times, Tata Motors said in a filing to the Bombay Stock Exchange.
Investors booked profit ahead of the outcome of the two-day US Fed policy meet which begins today.
Here is a list those great men and women who, in the past 20 years, have shaped the course of India Inc.
Here is a list those great men and women who, in the past 20 years, have shaped the course of India Inc.
Tata Motors on Monday said its global sales increased by 36 per cent in July to 90,646 units on robust demand for both commercial and passenger vehicles.
Broader markets outperformed with BSE Midcap and BSE Smallcap adding 0.23% and 0.45%, respectively
The European Union on Friday asked India to further open its economy for foreign investments even as the country has taken tentative steps towards liberalising FDI in sensitive defence and multi-brand retail sectors.
Gains were led by Tata Motors on robust Q1 earnings and HDFC Group shares.
Tata Motors, however, did not elaborate on the various programmes that have been initiated with JLR and other subsidiaries.
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