Grievance is only about his removal as chairman: Tata
The job cuts comprise just under 40% of the entire DHL workforce on the contract
Rating action comes days after the Tata group flagship reported a quarterly pre-tax loss of Rs 9,313 cr compared to a profit before tax of Rs 1,265 cr a year ago
Company embarks on aggressive deleveraging exercise even as it has cut capex for India business this fiscal
They said the Chinese banks that would provide it with the three-year revolving loan include Bank of China, ICBC, China Construction Bank, Bank of Communications and Shanghai Pudong Development Bank
JLR bonds trading at record yield of 13.2%, more than double since the pandemic broke out
Deal will bolster Ola Electric's engineering and design capabilities with Etergo's extensive vehicle development experience with leading auto firms Tesla, General Motors, Ferrari, Jaguar and BMW
Jaguar Land Rover, a marquee entity of the Tata group, has been majorly hit by the freeze
The $3.7 billion Indian auto firm faces a significant increase in debt due to the crisis, and its plan to deleverage may be delayed by four to six quarters, CLSA said.
The scaling up of operations comes as a relief given that auto sales in China had dropped 80 per cent year-on-year in February and 40 per cent in March
The company's total retail sales in the fourth quarter of the previous financial year stood at 1,09,869 vehicles, down 30.9% as compared with the January-March period of the FY 2018-19
The company said some limited activities will continue on the Nitra site
Domestic operations also hit by BS-VI transition impacting CV volumes
Regardless of regulations, all modern vehicles will become more and more autonomous
This has prompted the Mumbai-based firm to lower full year earnings before interest and tax (Ebit) margins by 100 basis points.
Tata Power will be responsible for providing a range of AC and DC chargers, starting from 7 kW to 50 kW capacity, JLR India said in a statement
Hopes that the epidemic would be over in a few months and economic activity would return to normal have been shattered, as new infections reported around the world now surpass those in China
The vehicle comes in two distinct body styles --3 door version (90) and 5 door trim (110) as a completely built unit
The much-awaited initial public offering of SBI Cards and Payment Services, a subsidiary of State Bank of India, will open on March 2, confirms its prospectus
Jaguar hired Bank of America Merrill Lynch to meet investors in the US last week ahead of a potential sale of new bonds, and days after warning the deadly virus outbreak was impacting its supply chain