Sources from New Delhi
sources have stated that India’s Tata Motors Ltd said that it had
no plans to list its luxury British car brand Jaguar Land Rover after
Bloomberg reported that the automaker was considering an initial public
offering of the unit.
Meanwhile a Tata Spokesman had told that "There are no plans to list Jaguar Land Rover and there is no truth in those rumors”. Previously in the day, news agency Bloomberg had reported that Tata Group is considering an initial public offering of Jaguar Land Rover, the luxury-car maker the Indian conglomerate bought in 2008 for $2.4 billion.
Moreover Tata Motors has turned around Jaguar Land Rover since buying the business from Ford Motor Co., helping boost revenue more than seven fold between 2008 and 2015.
Prospects of ride-sharing & private cars being allowed to operate as taxis in the country New Delhi sources stated that taxi permits may be liberalized so that private cars can easily be converted and used as taxis by service aggregators,” set up to formulate an action plan to reform the country’s transport system and make it less polluting. As per the report finalized by the panel, which included representatives of various ministries and the Niti Aayog government think tank, the report makes it clear that passenger safety needs to be ensured under such a regime and has to be address
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