If you’re unhappy with the
general 6% rate of interest that your bank ,a private one or a public sector
one is offering then this is an offer that you can seriously take a good look at.
Not only does it offer a higher rate of interest, it’s also from a reputable
institution.
The Tata Motors Fixed Deposit Scheme has been well known for quite some
time with the financially educated for the past few months. If you too have
heard of it and are a tad bit miffed that you might have missed the boat, relax!
Because there is still time to invest in this scheme which compared to your
local bank offers a much higher rate of interest.
It was a year ago that Ratan Tata
of the Tata Group unveiled his biggest automobile achievement: a car made
indigenously that would cost an amazing 1 lakh rupees – the Nano.
Since then nine out of ten things for the Chief of the Tata Group have gone wrong.
The Nano plant located in West Bengal became a political pawn for agricultural
land which made the manufacture of the car near impossible.The recession hit,
rendering the entire auto industry worldwide in a drought .The Nano plant had
to finally move to the state of Gujarat at the end of the year. Just when it
seemed that everything was over the dreadful attack on the Tata Group’s Taj Mahal
Hotel happened.
On a
historic day in India, it is very hard not to talk about what
has happened. As many as 26 terrorists entered Mumbai, the financial capital of
the country on Thursday and have since then left the city in a state of chaos and disruption.
Two hotels, one of which the iconic Taj
Mahal is in tatters with it’s trademark dome almost burnt into extinction
and the other the Oberoi Trident still
holding hostages and hostage takers. The results have been there for the world
to see. A Hundred And Twenty Five dead and nearly three times as many injured.
From a business point of view the first fallout has been the image of Mumbai
because it’s taken a massive beating.
The Tata Group India’s largest private sector conglomerate, is making its presence felt across the globe. After having taken Czech tea company JEMCA and UK's biggest steelmaker Corus under its wings last year, Tata Motors is close to signing an agreement with Ford to buy Jaguar and Land Rover. Meanwhile, Tata Chemicals has entered into a definitive deal to acquire General Chemical Industrial Products. India’s leading manufacturer of inorganic chemicals, fertilisers and food additives has agreed to buy the US-based soda ash producer for $1 billion (about Rs4,000 crore). The acquisition would be made through a combination of equity and debt.
Good news for India, renowned car makers Ford is all to set to announce the Tata Group as the preferred bidder for its iconic Jaguar and Land Rover. Sources have confirmed to The India Street that the deal will be finalized in a matter of 15 days.
Tata Group is one of India's largest and most respected business conglomerates, comprising 98 operating companies (out of which 28 are listed companies) in seven industrial sectors viz. IT systems and communications, engineering, materials, services, energy, consumer products and chemicals. Tata Aviation (now Air India) were the first to operate commercial passenger services in India. The group has operations in more than 85 countries and its companies export products and services to 80 countries. The total employee strength is around 246,000.
A sign of an emerging and growing economy is the increase in litigation. You might believe this to be a bad sign but I dispute that belief because a healthy economic environment includes the presence of a fair legal system. I am not suggesting the India legal system is as fair as the UK or the US, but the simple fact that foreigners can file a lawsuit against an Indian company or individual is a good sign. If the Indian courts were as corrupt as some suggest, the cases would be thrown out of the legal system as soon as they were filed. The fact that they are not, suggests to foreigners that they have a fair chance of being heard and thus will feel more comfortable investing in India.
As The India Street continues to grow in terms of readership, we are not relaxing. As a matter of fact, we are working doubly hard to give you exclusive news from the world of Indian business. Find below exclusive news of Anil Ambani and Tata Group. Hope you like it.
In my opinion, the pursuit of power has irresistible appeal in the Indian telecom sector. For example, everyone is aware of how Kumaramangalam Birla and Ratan Tata made a mess of their ‘idea’ of partnership. Another stalemate is in the making between Ruias (holding 33 per cent in Hutchinson Essar) and Vodafone (with 52 per cent stake).
A few month’s ago on June 19, 2007 an employee from Tata Consultancy Services in Nagar India wiped out the FBI page on Wikipedia. The user thought he was anonymous but with the new Wikipedia scanner tool by Virgil Griffith I was able to determine that a Tata employee had committed the act.
It was a year ago that Ratan Tata
of the Tata Group unveiled his biggest automobile achievement: a car made
indigenously that would cost an amazing 1 lakh rupees – the Nano.
Since then nine out of ten things for the Chief of the Tata Group have gone wrong.
The Nano plant located in West Bengal became a political pawn for agricultural
land which made the manufacture of the car near impossible.The recession hit,
rendering the entire auto industry worldwide in a drought .The Nano plant had
to finally move to the state of Gujarat at the end of the year. Just when it
seemed that everything was over the dreadful attack on the Tata Group’s Taj Mahal
Hotel happened. 
