Posted on 22 December 2008
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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Posted on 20 November 2008
LONDON: British consular officials across the world are wrongly approving nearly 300,000 visas to visit Britain every year.
The revelation, which was made during a presentation to the Home Affairs Committee here, has sparked a round of criticism of the Labour government’s immigration policy.
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Posted on 19 November 2008
CHENNAI: Since November 14, Ganesh Sivaraman’s online networking community account has been filling up with condolence messages from friends.
The research engineer at the University of South Australia died under mysterious circumstances a week ago. But the reason the messages have been filing in only from Friday, November 14, is because that’s the day Ganesh’s parents, who live in Vadapalani, Chennai, found out about their son’s death.
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Posted on 16 May 2008
Colombo: A bomb blast blamed on LTTE killed six policemen and wounded 50 people, including civilians, in Sri Lanka’s Capital Colombo Friday, the military said.
Military spokesman Brig. Udaya Nanayakkara said a suicide bomber on a motorbike triggered the bomb as he rode by a bus carrying policemen on a busy street in Colombo.
The bomber rammed into the bus, he said, blaming separatist Tamil rebels.
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