Tata Motors announces bailout plan for Jaguar Land Rover Cars


Jaguar Cars 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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3 lakh UK visas wrongly issued each year


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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Indian-origin cousins hit gold at Oxford


University College Oxford LONDON: Two cousins of Indian origin at the University of Oxford have overnight become millionaires after a free online service they started for students was sold for 2.5 million pounds within months after its launch.

Kulveer Taggar, 24, and Harjeet Taggar, 22, started their company ‘Auctomatic’ as a free online service while studying and working in the university’s student society Oxford Entrepreneurs. Read the full story

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Indian student’s death in UK: Youth held on suspicion


Jyotirmayee_Indian student_murder_uk LONDON/VIJAYAWADA: The brutal assault and death of the 23-year-old student from Vijayawada in Birmingham continues to be shrouded in mystery, though the police have arrested a youth on suspicion of murder.

A West Midlands policeman on Thursday told TOI that a murder inquiry has been launched into Vempala Samrajya Jyothirmayi’s death in her apartment. “The arrested man, aged around 24 years, is helping us in the probe,” he said, but refused to specify the man’s nationality. “There is no indication of any motive at this stage.”

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