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• March 26, 2008 by India Briefing Reading Time: < 1 minute
  

  Tata’s buy Jaguar, Land Rover for US$2.3 billion

  

  Mar. 26 – Making auto history yet again, Ratan Tata inked a multi-billion-dollar deal with ailing U.S. automaker Ford to buy luxury British icons Jaguar and Land Rover. Signed and seal on Tuesday the deal will be officially delivered to the press on Wednesday. Both Jaguar and Land Rover are expected to be sold to Tata Motors for US$2.3 billion.

  Tata Motors is India's top vehicles maker, controlling more than half of the country's truck market and nearly 20 percent of its passenger car market, and is keen to expand beyond Asia. With this latest acquisition Tata motors is positioned to cater to Indians across economic strata’s, placing himself in the unusual position of making two of the world's most prestigious brands along with its least costly cars (Nano).
• March 25, 2008 by admin Reading Time: < 1 minute
  

  India to be 2nd largest wireless network worldwide by next month.n

  

  Mar. 25 – Come April and India will surpass the United States to become the second largest subscriber base in mobile telephony. The Telecom Regulatory Authority of India (TRAI) on Monday announced that on an average, India with 250 million subscribers adds eight-nine million subscribers per month, while the United States which has 256 million subscribers adds two-three million subscribers per month, at this rate, India will for the first time surpass the United States by the begining of April.