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Glenmark raises Rs 413 cr in QIP
Glenmark Pharmaceuticals has raised Rs 413 crore through its recently concluded Qualified Institutional Placement (QIP), which will be used towards its debt reduction plan, a top company official said.

Jobs rise by 5 lakhs in second quarter
The government today said employment rose by about 5 lakhs in the second quarter after falling by 1.31 lakhs in the first quarter this fiscal. "... The employment has increased by about 5 lakhs during July-September 2009 over June 2009," Minister of State for Finance Namo Narain Meena told the Rajya Sabha in a written reply.

News of the day

Find lasting solution to Telangana issue: Rosaiah to Centre
Unlike his predecessor Y S Rajasekhara Reddy, who took a tough line against separate Telangana, Andhra Pradesh Chief Minister K Rosaiah has no no personal view on the bifurcation of his state and would like the Centre to find a lasting solution not not a "temporary truce".
Home Business

Ratan Tata launches JLR showroom in Mumbai

Jaguar Land Rover"s official entry to the fast-growing Indian car market was marked today by the opening of a flagship showroom facility at Ceejay House in Mumbai by Ratan N Tata, Chairman of Tata Sons and Tata Motors. - M&M automotive sales grow 18.72% in June - Suzuki Motorcycle sales up 33% in June - Tata Motors signs with Indian Bank to finance Fiat cars - Hero Honda sales up 23.7% in June - Maruti sales jump 23% in June - Motherson Sumi to buy out partners" stake in JV The exciting new range of premium luxury vehicles available for the Indian market will include the Jaguar XF, XFR and XKR and Land Rover Discovery 3, Range Rover Sport and Range Rover. Jaguar Land Rover has confirmed Tata Motors as its exclusive importer and the world-class Ceejay House facility in Worli, Mumbai, will offer a wide range of both Jaguar and Land Rover vehicles, with a dedicated showroom section for each brand. It aims to establish a benchmark experience in luxury car sales in India, with plans to develop the dealer network throughout 2009 and 2010. Ratan N Tata, Chairman of Tata Sons and Tata Motors said, “We are extremely pleased and proud to introduce the Jaguar Land Rover brands in the Indian market and give the discerning Indian customer direct access to these prestigious brands, accompanied by a parts and service network. We hope that they will delight customers in India just as they have done in markets the world over.” David Smith, CEO of Jaguar Land Rover said, "Jaguar Land Rover is delighted to have officially opened our first showroom in India. It is an exciting time to be entering the Indian market, a country with increasing affluence and an economy which is still growing. We believe that the Indian market holds significant growth potential in the long term, and we hope to tap the demand for premium vehicles from discerning customers." The prices for Jaguar and land Rover vehicles range from approximately from Rs 65 lakhs to Rs 100 lakhs (ex-showroom Mumbai) depending on model and specifications.


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