Singapore: Tata Motors Ltd has agreed to inject "tens of millions" of pounds into Jaguar Land Rover to prevent an immediate cash flow crisis, the Financial Times reported on Monday.

The move by Tata, which bought the luxury carmaker earlier this year for $2.3 billion from Ford Motor Co, comes on top of a "hundreds of millions" of working capital it has provided to the British firm, the paper said citing sources close to Tata.

Car makers around the globe have been hit by a collapse in demand as the economic slowdown spreads and access to credit is choked off by the financial crisis.

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US-based Technosoft Global Services on Wednesday opened its new facility in Chennai at DLF IT Park at Manapakkam in the presence of the Consul General of the U.S. in Chennai, Andrew Simkin. The company has proposed to invest around $4million (around Rs 19 crore) in the facility. This is Technosoft’s third facility in the country and second in Chennai. The company also has a facility in Bangalore.

Speaking to reporters, Radhakrishnan Gurusamy, chairman, Technosoft Corporation, said of the proposed amount, the company had already invested around $2 million (around Rs 7 crore).

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CHENNAI: Flying into Chennai will no longer be expensive for airlines and time-consuming for passengers, as the Airports Authority of India (AAI) is all set to make the airport one among the most fuel-efficient destinations in the country.

At a time when airlines and airports have started to feel the impact of economic slowdown, AAI has decided to tweak air traffic control procedures to cut down air traffic congestion and avoid delays in landing of aircraft at Chennai airport.

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Parsvnath Developers today announced a joint venture consortium with the Spanish infrastructure company Constructora San Jose.

The consortium has submitted a Request for Qualification to National Highways Authority of India and has qualified to submit a financial bid for construction of an elevated expressway in the National Highway 4, a press release said.

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Chennai: Ford India has launched production of diesel engines at its new, state-of the-art engine assembly plant at Maramalai Nagar, Chennai, for use in the popular midsize Ford Fiesta and Ford Fusion product lines. The new US$26 million assembly plant officially went online in late April, and has an annual capacity of 60,000 units.

The 10,000sqm assembly plant includes a cylinder block machining line capable of producing 50,000 diesel and 10,000 petrol engine blocks. The first engines being produced are the 1.4-litre turbodiesel Duratorq engines.

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Chennai-based software training and consulting company, NACE Solutions, is set to sign an agreement with the Anna University’s AU-KBC research centre to offer a joint certification programme in its flagship course – LAMP (Linux - Apache - MySQL - PHP).

The AU-KBC, located on the Madras Institute of Technology (MIT) campus of Anna University, is funded by the National Resource Centre for Free Open Source Software (NRCFOSS) to promote the free open source software movement in the country.

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CHENNAI: Engineer Estates (Madras) Private Limited, a Chennai based realty development company, announced the launch of their affordable luxury villa project called ‘Park City.’

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