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Range Rover Velar stuns audience with its luxury class sports look

Range Rover Velar

Tata Motors-owned Jaguar Land Rover has unveiled Range Rover Velar at an event in London. The car maker describes the luxury beast as one of the hottest products in the year. Bookings for Range Rover Velar in India have started along with other countries in the world.

In a move to boost British manufacturing, The Velar will be exclusively built at JLR’s flagship Solihull plant in the West Midlands in England. The Range Rover brand has emerged as Britain’s greatest luxury export since the 1970s. The other models in the range include the Range Rover, Range Rover Evoque and Range Rover Sport.

Land Rover Chief Design Officer Gerry McGovern has credited the final product to Tata Group chairman Ratan Tata.

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“I would like to thank Ratan Tata. Ever since he saw the first sketch of the Velar, he became a passionate advocate of it. The design has the power to enrich people’s lives… this is a vehicle with emotionally charged DNA and unquestionable pedigree,” says, McGovern.

The Range Rover Velar is the third model from the Solihull manufacturing plant in the last couple of years. The production of all Jaguar Land rover models will be done at four UK manufacturing plants. This directly supports 40,000 British jobs and about 250,000 in dealership chain in various countries.

Range Rover Velar inside

Coming to the design, the floating roof and the clamshell bonnet both make their presence in the Velar. The roof line resembles evoke with its coupe-like stance when compared to the likes of the Sport. The top of the line specs, the 22-inch wheels perfectly fills up the large wheel arches.

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The Velar also gets a set of 22-inch wheels on the top of the line spec, which perfectly fills up the large wheel arches. The dashboard comprises of two 10-inch screens- one serves the infotainment purpose and other features controls for the seat heating and cooling, climate control.

Under the hood, the basic Land Rover features remain same. The Terrain Response 2 system for off-road makes its presence. The 2.0-liter diesel engine produces a power of 178 bhp and churns out 430 Nm of torque or 237 bhp power with 500 Nm torque. The larger 3.0-liter diesel engine will be with the power of 296 bhp at 700 Nm.

The petrol variant gets a 2.0 liter Ingenium engine with 247 bhp/365 Nm or 296 bhp/400 Nm. There is also petrol supercharged 3.0-liter V6 engine with 375 bhp/450 Nm and will be equipped with a sportier exhaust. All the engines will be mated to the ZF 8-speed automatic gearbox and are Euro 6 compliant.

Cyrus Mistry Says, Tata Director Vijay Singh Involved in VVIP Chopper Scam

cyrus mistry on VVip scam

Deported Tata Group Chairman Cyrus Mistry has suspected that Tata Group Director Vijay Singh has involved in the VVIP chopper scam. Overthrown Tata Chairman Cyrus Mistry is not going well with the Tatas from past couple of months and created a stir in his battle with Tata board.

Mr. Cyrus Mistry who is locked in a boardroom tussle with the Tatas claimed that Vijay Singh hand in AgustaWestland Chopper Scam and his involvement in the scam when he was the Defence Secretary in 2010. Mistry said, “Mr. Vijay Singh has played a vital role in awarding of the Rs 3,600 crore VVIP helicopter contract to AgustaWestland in 2010.”

However, Mr. Singh responded over this and said that his involvement was not in the chopper scam and the deal of Rs 3600 crores was approved by the Union Cabinet well after he had retired from Government service.

“I was Defence Secretary from 2007-2009 and the current cases being sued by CBI pertain to 2004-2005. The cabinet approved the AgustaWestland procurement well after my retirement,” Vijay Singh said in a statement.Linking me with this scam is defamatory and hateful, said, Mr. Singh.

Possible Reasons for Cyrus Mistry Shocking Removal From Tata Sons

We all know that Cyrus Mistry rejected as a director of Tata Industries after the company found issues with him. Now, Mistry claimed that Vijay Singh, who is a 1970 batch retired IAS officer from Madhya Pradesh cadre, had no track record either as MP Chief Secretary or as Defence Secretary. Vijay is currently the non-executive director of Tata Sons.

On January 1, 2014, Government of India has signed a deal with Finmeccanica’s British Subordinate AgustaWestland for supplying 12 AW-101 VVIP choppers to the IAF over the unproven crack of vowed requirements. Meanwhile, ex-air force Chief SP Tyagi has taken into CBI custody for his hand in the scam, facing allegations of receiving kickbacks.

Cyrus Mistry also blamed that being a part of the Nominations and Remuneration Committee (NRC) of Tata Sons, Vijay Singh on June 28, 2016, gave a healthy-looking review of his performance as the Chairman of the Tata group.

Ratan Tata, Dr Vijay Kelkar and Nandan Nilekani have joined hands to start Microfinance Institution

On the flipside, Singh said reasons for the removal of Mistry and stated that the reason for Ratan Tata losing his confidence on Mistry. He said that the team’s failed in bids such as Tata Power and Tata Motors for the multi-thousand crore future combat infantry Vehicle contract from the Army.

Responding on this, Mistry today stated that both Vijay and Tata were very much in the loop on various discussions on the project.

Cyrus Mistry Takes his Words Back on Selling TCS to IBM

Cyrus Mistry Takes his Words Back on Selling TCS to IBM

Cyrus Mistry gave the explanation to his words. On Tuesday he stated Ratan Tata Ego puts the company in the risk, Tata wants to sell the company to the IBM, due to his egoistic mind he purchased Corus Company for highest rate. He also said due to his nature many employees are suffering.

Now Mistry takes his words back and giving the explanation that “I didn’t say about selling TCS to IBM, I said about Ratan Tata nominations, at that time some disturbances have arisen about nominations but I didn’t say anything rather than that.

These words became the sensation and finally reached to Tata. TCS first chief executive F.C. Kohli and former Tata Steel chairman Muthuraman has strongly responded on this issue.

Possible Reasons for Cyrus Mistry Shocking Removal From Tata Sons

Father of IT industry Kohli stated, “It is entirely fake news about selling TCS to IBM, Up to now we never thought about giving TCS”.  He also said there is no truth is words on Mistri. They established Tata IBM in 1991-92, its main aim is to encourage hardware in India but we never thought about

Muthuraman said “These are foolish statements reported by Mistry, we bought Corus Company after thinking about all issues, and I am really shocked about words of Cyrus Mistry.” He said he is really sad about statement of Mistri.

Possible Reasons for Cyrus Mistry Shocking Removal From Tata Sons

Ratan Tata as interim after cyrus mistry

Apart from the fanfare brought globally by Cyrus Mistry for the Tata Sons Groups,the decision of disbanding of Mistry from the Chairman position took everyone by surprise.

Everyone is thinking What might be the reasons for Ratan Tata entry as the interim head?

A committee has been set for the decision for removing Cyrus Mistry from his chair since two months. It all ended up when the majority of the Board members in the meeting had voted for disposal of Cyrus Mistry.

The official announcement came out on Monday afternoon. Mistry was selected as the successor of Tata’s Group in November 2011. In the initial stage, he acted as the Deputy Chairman and later he was made as the Chairman for his affiliation with Shapoorji Pallonji.

Ratan Tata, Dr Vijay Kelkar and Nandan Nilekani have joined hands to start Microfinance Institution

It is believed that the core reason for the ouster of Cyrus Mistry was his inefficient approach and declining performance of shedding non-profit businesses. And Mistry was blamed for concentrating only on the Cash cows.

The other reasons were the style of functioning when compared with Ratan Tata. As under Ratan Tata’s Chairmanship the company has driven its expansionist strategy which included overseas purchases like Tetley in 2000 and with the Jaguar Land Rover luxury car in 2008. On the other hand under Mistry 4-year Chairmanship focused more on tackling the mounting debt by raising cash-flows.

The other additional reasons for the firing of Mistry were his functioning style and denying of Ratan Tata’s bits of advice on some crucial matters. The ignoring of pieces of advice had resulted in the loss and created legal problems with Japan’s DoCoMo.

Tata trust signs MOU with Gilead on viral hepatitis in India

A group spokesperson said, “The Tata Sons board in its collective wisdom and on the recommendation of principal shareholder decided that it may be appropriate to consider a change for the long term interest of Tata Sons and the Tata group.”

As of now, it is believed that there will be a legal battle between Tata Sons and Cyrus Mistry. Tata Sons had already hired senior lawyers Abhishek Manu Singhvi and Harish Salve for future consequences.

Ratan Tata, Dr Vijay Kelkar and Nandan Nilekani have joined hands to start Microfinance Institution

MFI, Avanti Finance, microfinance institution

Ratan Tata, Dr. Vijay Kelkar, and Nandan Nilekani have joined hands to start MFI (microfinance Institution) called Avanti Finance. The venture will be providing timely credit to underserved and unserved groups of the country.

Ratan Tata is chairman emeritus of Tata Sons. Vijay Kelkar is an Indian economist and Chairman of the Forum of Federations. Nandan Nilekani was the Chairman of the Unique Identification Authority of India and co-founder of Infosys.

Tata trust signs MOU with Gilead on viral hepatitis in India

Avanti Finance is termed to be a “technology-enabled financial inclusion vehicle,” a Tata Trusts statement said.

“Avanti will be a platform to impact the poor through credit at individual and community levels to create a lasting improvement in their livelihoods and standards of living, ushering prosperity,” Ratan Tata said.

I am thankful to Dr. Kelkar and Nandan for agreeing to be part of this purpose-driven initiative.” He added.

Indian Railway Employees Will Soon Get New Uniforms Designed By Ritu Beri

According to sources, they will apply for registration to Reserve Bank of India and begin the operations once the permission is granted.

The aim is to leverage on the social sector presence of Tata Trusts and other like-minded partners and the rapidly evolving India Stack (Jan Dhan-Aadhar-Mobile), UPI (unified payments interface) and payments bank ecosystem. Avanti would use this ecosystem and will innovate on product design in consonance with the indigenous needs, to deliver seamlessly for the end consumer”. Tata trust statement said

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“Access to credit at an affordable cost is still a challenge. I am honoured to be part of Ratan’s initiative that leverages on the Tata Trust’s rich legacy and aims to make a significant shift in achieving financial inclusion to the common man,” said Dr. Vijay Kelkar.

Both the investors Tata and Nilekani will get the investments from their respective philanthropic capital and the gains will be reinvested in the humanitarian cause.