UK TA-TA Brands Jaguar and Land Rover to TATAs
London: Creating history, India's top corporate Tatas on Wednesday acquired luxury auto brands Jaguar and Land Rover from Ford Motor for $2.3 billion, stamping their authority as a takeover tycoon.
Just a year after acquiring steel giant Corus for 12.1 billion dollar, Tatas today announced the deal they signed with Ford, which on its part would chip in 600 million dollar towards JLR's pension plan.
Posted on 27 Mar 2008 by admin
Gordon Brown- India will be our strategic partner
Gordon Brown, the 52nd Prime Minister of Great Britain
, takes over the reign at 10, Downing Street from Tony Blair, is keen to develop ''strong relations with India''.
''He (Gordon Brown) strongly believes that the two countries have a great deal to offer each other and there is much more potential to do more,'' Lord Paul said.
By OEMCL News Services..
Posted on 25 Jun 2007 by admin
Karan Billimoria: First Parsi to enter UK Parliament
India-born beer baron Karan Bilimoria will on 24th July formally "take his seat" in the House of Lords, making him the first Parsi to enter the British Parliament's upper house.
Bilimoria, the owner of Cobra beer, became Lord Bilimoria CBE, of Chelsea, after being granted peerage on June 16. He will now take his seat in the upper house as a "cross bencher" - that is, without any party affiliation.
Posted on 22 Sep 2006 by admin
Belgium honours Indian businessman
Brussels, July 21 Belgium has awarded its highest civilian honour to Antwerp-based Indian-origin diamantaire Dilip Mehta, CEO of the world's largest diamond company Rosy Blue.
Mehta has been chosen for the prestigious title of 'baron' in Belgium's annual honours list. The selection was made by the Belgian Foreign Ministry and the Belgian Royal Palace. The announcement comes ahead of Belgium's national day on July 21.
Mehta told INEP agency: "This a great honour for Antwerp's Indian diamond community. I feel lucky to have been spotted in this nice contribution of India. This is a global recognition of the Indian rise."
Posted on 29 Aug 2006 by admin
Indian's on roll-Even in Antwerp!
Antwerp, June 27 2006: The flourishing Indian origin diamond business community in this Belgium port city - one of the diaspora's most prosperous success stories - has donated two children's projects in appreciation of their host country.
The Antwerp Indian Association (AIA) here donated a state-of-the-art computer room to a local school and a high-tech movie room to a children's hospital in an effort to foster integration and give something back to the country.The AIA, at a function on Friday in one of Belgium's leading local Flemish-speaking schools, Onze Lieve Vrowe (OLV) College, donated a computer room.
Posted on 12 Jul 2006 by admin
India, Indian, and Biz..Everywhere..
MUMBAI/ LONDON: Indian company is on the bull run, the global presence of Indian brands is becoming prominent, over the last five years, heavyweights in the Indian IT industry spoke of big ticket acquisitions. But until now, nothing of consequence came through except a few small and medium deals.
The wait may finally be over. Sources close to Tata Consultancy Services told TOI that the company is planning to buy UK-based Vertex for anything in the region of $800 million-$1 billion. If the deal comes through, it could be the largest ever by an Indian business house
Posted on 15 Jun 2006 by admin
Links :
- www.newscorp.com