Tata says to retain Jaguar and Land Rover image
MUMBAI (Reuters) - Tata Motors (TAMO.BO: Quote, Profile, Research) (TTM.N: Quote, Profile, Research), India's top vehicle maker, would seek to nurture the Jaguar and Land Rover brands it was close to acquiring from Ford Motor Co (F.N: Quote, Profile, Research), Chairman Ratan Tata said.
"These are two iconic brands ... the plan would be to retain the image and not to tamper it in any way," a spokesman said Tata had told reporters on Tuesday at the Geneva auto show, where Tata is displaying its ultra low-cost Nano car. Source- Reuters
Sentiment at services firms at 15-month low
LONDON (Reuters) - Sentiment at services firms reached its lowest point in at least 15 months in the three months to February, with management and legal services showing a sudden drop in business, a survey showed on Wednesday.
The CBI/Grant Thornton survey also showed a drop-off in numbers employed in the consumer service sector, including restaurants and cinemas, with this likely to lower further over the next three months.
"The services sector is beginning to feel the slowdown underway in other parts of the economy and firms are concerned about the outlook for their business over the coming year," said Ian McCafferty, chief economic adviser at the CBI. Source- Reuters
From today, no parking on Lajpat Nagar market's artery: HC panel
New Delhi, March 4 Please leave your car and scooter behind if you are planning to visit Lajpat Nagar Central Market. From Wednesday, no vehicle-owner will be allowed to park on Feroz Gandhi Marg, the arterial road of the market, as per directions issued by the Delhi High Court-appointed traffic monitoring committee headed by Bhure Lal.
The committee members visited the market at 11 am on Tuesday and, after taking a round for more than two hours, directed the traffic police and traders to ensure that no car is parked on Feroz Gandhi Marg. Vehicles will be allowed to park only on one side of Veer Savakar Marg, which is parallel to Feroz Gandhi Marg. Full Story
IPO Quotient
It's not funny; listing returns from some of the issuance in the initial public offers (IPO) market have been in excess of 900%, in 2007. The IPO market raised around Rs 45,000 crore in 2007, double the amount of the best year ever in the history of the market.
If you think this is great, then hold your breath, because the best is yet to come. The year 2008 will see record issuances of around $20 billion coming in through the IPO route, where Companies get listed on the bourses, and follow up public offers (FPO) will also add to the platter.
So, is there a need to actually get ready for an influx of offers and gain from them? Experts reckon that there is a definite need to be aware of the issuances and be ready to participate in them. "This year is going to see the most exciting offerings in the IPO market as yet," says Prithvi Haldea, founder MD of Prime Database, an IPO tracking agency, and also as an expert on primary Markets. Full Story
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