Narendra Modi will manage the Bharatiya Janata Party’s campaign for Indian general elections due in less than a year, bolstering his chances of becoming the prime ministerial candidate of nation’s main opposition group.
Tata Motors Ltd. may report a record loss at its Indian operations in the quarter ended March as sluggish sales of its cars, including the world’s cheapest, drags down earnings for the group that owns Jaguar Land Rover.
Tata Sons Ltd. Chairman Cyrus Mistry, chasing his predecessor’s vision of boosting revenue fivefold in the next decade, is searching for a head of mergers and acquisitions, a person familiar with the plan said.
Tata Steel Ltd.’s convertible bonds are falling from a one-year high on concern a plan to borrow $2.4 billion will worsen the finances of India’s top steelmaker, after the biggest loss in more than three years.
Tata Steel Ltd., India’s biggest producer of the alloy, plans to raise about 260 billion rupees ($4.7 billion) in loans to fund its first new mill in a century, two people with direct knowledge of the deal said.
Two weeks into his new role, Karl Slym, managing director of Tata Motors Ltd. plans to scrap models and change perceptions about quality as India’s biggest automaker struggles to stem losses in market share.
Karl Slym, managing director of Tata Motors Ltd., said he’s planning to build a diesel version of the world’s cheapest car this year to revive vehicle sales, which have dropped for three straight quarters in India.
Tata Motors Ltd., maker of the world’s cheapest car, is turning to China to buy autoparts unavailable in India as it seeks to offer vehicles with automatic transmission at home, Chairman Ratan Tata said.