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Tata Motors’ UK unit to cut 1,000 jobs

Bloomberg Jaguar Land Rover, Britain’s biggest carmaker, is poised to announce the elimination of around 1,000 posts currently filled by workers on short-term contracts as it grapples with slumping UK sales of diesel autos and uncertainty around Brexit. JLR, a unit of India’s Tata Motors Ltd., will formally announce the cuts on Monday when it reveals production plans for the ...

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World’s best-performing department stores chain this year is from India

Bloomberg The allure of India’s consumer stocks is getting stronger. Jefferies India Pvt. joins a growing chorus of bulls on the producers of staples and branded goods. Its picks in the sector include V-Mart Retail Ltd., whose stock-market performance has made the company the world’s best-performing department stores chain this year, according to data compiled by Bloomberg. Shares of V-Mart, ...

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Agarwal to help Anglo tap India’s 1.3bn people

Bloomberg Anglo American Plc’s biggest shareholder, billionaire Anil Agarwal, has offered to help the mining giant expand into India. “That’s a big market for them,” Agarwal said in an interview in Lusaka. “I am going to help them if they need to open up that market for them to work there.” The mining tycoon wasn’t explicit about whether he wanted ...

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