India`s largest auto maker Tata
Motors today said that it is facing increasing pressure on the
margins of its small car Nano on account of the two per cent
excise duty hike announced during the Budget last week.
The Kerala High court today stayed
the demolition of two check dams at Chittuvarai and Lechmi
estates belonging to the Tata group owned Kannan Devan Hills
company at Munnar in Idukki district for a three-week period.
With an industry at the abandoned site of Tata`s Nano car project at Singur yet to come up, most of the land-owners who had willingly parted with their fields are now back to what they had been doing - cultivation.
British premier Gordon Brown has promised to talk to Tata Group Chairman Ratan Tata as a last ditch effort to stop the Corus steel plants in Teeside from being shut down at the month end and thus save 1,700 jobs.
Under attack for a spate of fire related incidents in low-floor DTC buses, Delhi Government on Tuesday countered the claim by the Tata Motors, supplier of the vehicles, that bad road condition was the reason behind the mishaps.
In the face of Corus announcing
closure of Teesside steel plant rendering 1,700 employees
jobless, British Business Secretary Lord Peter Mandelson
said he would hold talks with the Tatas who own the Anglo-