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May 27: Air-carriers need money

  • May 27: Air-carriers need money

    May 27: Air-carriers need money

  • <p>Land Rover Freelanders are seen outside the Halewood Jaguar and Land Rover factory in Liverpool, northern England</p><p><b>Jaguar Land Rover, a unit of Tata Motors, will source components from India, its Chief Executive Ralph Speth said on Friday.</b></p><p>Jaguar Land Rover on Friday said it will start assembling Land Rover&#39;s Freelander SUV model at the company&#39;s plant near Pune.</p><p>The two iconic British brands have seen sales growth of over 25% in 2010 to 243,621 units on the back of improved market conditions, strong demand and better market mix with strong growth in China.</p>

    Land Rover Freelanders are seen outside the Halewood Jaguar and Land Rover factory in Liverpool, northern England

    Jaguar Land Rover, a unit of Tata Motors, will source components from India, its Chief Executive Ralph Speth said on Friday.

    Jaguar Land Rover on Friday said it will start assembling Land Rover's Freelander SUV model at the company's plant near Pune.

    The two iconic British brands have seen sales growth of over 25% in 2010 to 243,621 units on the back of improved market conditions, strong demand and better market mix with strong growth in China.

  • <p>The Reserve Bank of India (RBI) logo is pictured outside its head office in Mumbai</p><p><b>The RBI said on Friday Indian companies having wholly owned subsidiaries abroad or having at least 51% stake in an overseas joint venture are now allowed to write off capital or other receivables in respect of the joint venture or subsidiary.</b></p><p>The central bank said any such write-off or restructuring will have to be reported to the RBI within 30 days of the write-off.</p>

    The Reserve Bank of India (RBI) logo is pictured outside its head office in Mumbai

    The RBI said on Friday Indian companies having wholly owned subsidiaries abroad or having at least 51% stake in an overseas joint venture are now allowed to write off capital or other receivables in respect of the joint venture or subsidiary.

    The central bank said any such write-off or restructuring will have to be reported to the RBI within 30 days of the write-off.

  • <p>People are pictured inside a shopping mall in Mumbai</p><p><b>India needs to bring in foreign direct investment in multi-brand retail to control inflation, chief economic advisor to the finance ministry, Kaushik Basu, said on Friday.</b></p><p>India&#39;s retail sector is largely closed to foreign firms and favours small family-run stores, with 51% of foreign direct investment allowed only in the single-brand retail sector. Multi-brand retail is restricted to cash-and-carry or wholesale outlets.</p>

    People are pictured inside a shopping mall in Mumbai

    India needs to bring in foreign direct investment in multi-brand retail to control inflation, chief economic advisor to the finance ministry, Kaushik Basu, said on Friday.

    India's retail sector is largely closed to foreign firms and favours small family-run stores, with 51% of foreign direct investment allowed only in the single-brand retail sector. Multi-brand retail is restricted to cash-and-carry or wholesale outlets.

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