Tata Motors to acquire Italian truck maker Iveco in Rs 38,240-cr deal
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
2 hours ago
- Time of India
50% of Bhandara city located on nazul land, govt to regularize these properties: Bawankule
Bhandara: Revenue minister Chandrashekhar Bawankule said that nearly 50% of Bhandara city is settled on nazul land without ownership rights, and assured that the govt is preparing a plan to regularize these properties within a year through drone surveys. He also said that re-survey of sand resources in Bhandara district will soon be undertaken, as official records underestimate the availability of the material. On sand mining, Bawankule noted that while government documents mention only 7 lakh brass of sand in the district, the actual figure is much higher. "Minimum 25 lakh brass sand is available," he said. The minister added that he has instructed the district collector to use technology for the re-survey. "Only after the survey we shall apply for environment clearance. We will also study what was mined (other than sand) in the last 20 years and estimate the loss to the govt," he said. The auctions for sand mining will be held once the survey is completed. Bawankule admitted that no ownership process for nazul land has begun in Bhandara's seven municipal councils. "By ownership I mean they have not got the property cards yet. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 22 Illustrations of a Husband and Wife in Everyday Life Watch More Undo In rural areas we will use drone survey and give them property cards. For Bhandara city also we will do the same thing. We are working on this proposal and within a year this should be done," he said. He further said mapping of 'pandhan' roads in villages, last conducted during the British era in the 1930s, has also begun. "Every other road has a number, now we will give a number to every 'pandhan' road. This will help in proceeding with development in a proper way," Bawankule said. He added that trees will be planted along both sides of these roads to deter encroachments and strengthen the plantation drive. The minister also stressed the importance of direct benefit transfer (DBT) to ensure that beneficiaries receive govt incentives. "From Tuesday, our revenue department will send staffers to every village and every resident. Their DBT documentation will be checked. If someone is not registered, they will be helped," he said. Bawankule further warned of strict action against encroachments on govt land, particularly where commercial complexes have come up. On curbing the sand mafia, he said a policy for artificial sand has already been rolled out. "In the next three years, 100% of sand used for PWD projects will be artificial. Every district will get 50 crushers," he said.
&w=3840&q=100)
Business Standard
3 hours ago
- Business Standard
JLR appoints PB Balaji as CEO; Adrian Mardell to retire in December
Jaguar Land Rover (JLR), the UK-based luxury carmaker owned by Tata Motors, has appointed P.B. Balaji as its new Chief Executive Officer (CEO), effective November 17, 2025. Balaji will succeed Adrian Mardell, who will retire on December 31, 2025, after a 35-year career at the company, including three years as CEO. The announcement was made by JLR's board on Monday and comes after an internal search process over the past few months. N. Chandrasekaran, Chairman of Jaguar Land Rover, Tata Motors, and Tata Sons, said, 'I would like to thank Adrian for the stellar turnaround of JLR and for delivering record results. I am delighted to appoint Balaji as the incoming CEO. He has been associated with the company for many years and is well-aligned with JLR's strategy. This move will ensure that we continue to accelerate our journey to 'Reimagine JLR'.' Balaji currently serves as Group Chief Financial Officer (CFO) of Tata Motors and has been instrumental in the group's financial and operational transformation since 2017. With 32 years of experience across the automotive and consumer goods sectors, he has led global teams across Mumbai, London, Singapore, and Switzerland. He holds a in Mechanical Engineering from IIT Chennai and a Post Graduate Diploma in Management from IIM Kolkata. Commenting on his appointment, Balaji said, 'It is my privilege to lead this incredible company. Over the past eight years, I have grown to know and love JLR and its iconic brands. I look forward to working with the team to take it to even greater heights. I thank Adrian for his immense contributions and wish him well for his next innings.' Mardell, who took over as CEO in 2022, said, 'These three years have been a great privilege. Together with the incredible JLR workforce, we have cemented JLR's position in the automotive industry during a time of incredible change.' The company confirmed that Balaji is not debarred from holding the office of director by any SEBI or regulatory order, as required under listing norms.
Economic Times
4 hours ago
- Economic Times
PB Balaji to take the wheel as JLR CEO — First Indian to lead iconic automaker
Synopsis Tata Motors has announced P.B. Balaji as the new CEO of Jaguar Land Rover, effective November 17, 2025, making him the first Indian to lead the luxury automaker. He succeeds Adrian Mardell, who is retiring after 35 years. Balaji's appointment comes as Tata Motors undergoes a demerger and JLR navigates its electric transition. Mumbai: Tata Motors has appointed P.B. Balaji as the next Chief Executive Officer of Jaguar Land Rover (JLR), effective November 17, 2025, the company said in a notification to the stock exchanges. With this, Balaji becomes the first Indian to lead the British luxury automaker, marking a symbolic and strategic milestone for both JLR and Tata Motors, its parent company. Balaji will succeed Adrian Mardell, who will retire after three years at the helm and 35 years of dedicated service to the company. Mardell is credited with leading a sharp turnaround at JLR during an era of electric transition and global uncertainty. The announcement comes at a pivotal time not only for JLR but also for Tata Motors, which is currently in the process of demerging its passenger vehicle and commercial vehicles businesses. from Indian stock exchanges. As a result of this ongoing transition, the company may no longer require a Group Chief Financial Officer, a role Balaji has held since 2017. His move to JLR, therefore, may also reflect an evolving corporate structure within the Tata automotive ecosystem. It is set to list its CV business in October this year. N. Chandrasekaran, Chairman of Tata Sons, Tata Motors, and JLR, stated: 'I would like to thank Adrian for his stellar leadership and record-setting performance. I am delighted to appoint Balaji as his successor. He knows JLR intimately and is well positioned to carry forward the 'Reimagine' strategy.' Balaji, an alumnus of IIT-Chennai and IIM-Kolkata, brings with him 32 years of global experience in the automotive and consumer goods sectors, having led large multicultural teams across Mumbai, London, Singapore, and Switzerland. His financial acumen and strategic leadership have been instrumental in Tata Motors' successful transformation on his new role, Balaji said: 'It is my privilege to lead this iconic company. Over the past eight years, I've come to deeply admire JLR and its exceptional brands. I look forward to the road ahead with optimism and purpose.'Since Tata Motors acquired JLR in 2008, the automaker has seen four CEO transitions–David Smith, Ralf Speth,Thierry Bolloré, and Adrian Mardell. Balaji's appointment represents both continuity and change as JLR navigates its next phase of electrification, innovation, and global repositioning.
