Tata Motors Chairman Ratan Tata
today said the global financial crisis has posed challenges to
marquee brands Jaguar and Land Rover, but the USD 2.3-billion
acquisition of the iconic brands was "worthwhile".
The FIPB has approved a proposal by the Spanish apparel player, Industria de Diseno Textil, Sociedad Anonima (Inditex SA), to set up a joint venture with the Tata group subsidiary, Trent Ltd with an investment of Rs 23.58 crore.
With steel prices almost halved
from the year-ago period, Tata Steel today recorded a 47 per
cent dip in standalone net profit for the quarter ended June
30 and hoped for an improved show in coming quarters.