India’s Tata Motors Ltd is said to be in the leading position to acquire Ford’s struggling Jaguar and Land Rover units. The folks at the Wall Street Journal say that besides Tata, firm bids were received from Ripplewood Holdings LLC of New York and One Equity Partners (a unit of JP Morgan Chase). The WSJ […]
Citigroup CEO Charles Prince is toast and is expected to quit at an emergency board meeting scheduled for Sunday, according to the Wall Street Journal (subscription required). And the word on the street is that Citi will report another big write-off and more losses. In more bad news for Citi, the Securities and Exchange Commission, which […]
India’s richest man and Reliance Industries Chairman Mukesh Ambani has gifted his wife Neeta a luxury jet for her birthday. The birthday gift – a snazzy Airbus 319 valued at $60 million (Rs 242 crore) -Â is fitted with the works including entertainment cabins, a sky bar and fancy showers. Several commercial airlines including Spirit Airlines, […]
The head of the Liberation Tigers of Tamil Eelam’s (LTTE)Â Political Division S.P. Tamilselvan was killed in a Sri Lankan Air Force aerial bombardment on Friday at 6.00 AM local time, according to a LTTE web site. A note on the LTTE web site said:Â With deep sorrow we announce to the people of Tamil Eelam, […]
Penthouse Pet of the Year (2003) and desi sex bomb Sunny Leone is set to wed her boyfriend Matt Erickson in March next year. Sunny’s Mr.Right is said be an executive with the adult movie business. Born in Sarnia, Ontario (Canada) to immigrant parents from India, the 26-year-old sizzler moved to sunny California in 1996. […]
Higher operating expenses caused Rediff’s profits to fall by 40% in its second quarter to $890,000 (3.04 cents per ADS) compared to $1.5 million (5.14 cents per ADS) in the year earlier period. Revenues rose 18% to $7.8 million from $6.6 million in the year-ago period. Operating expenses increased by 29% to $5.39 million compared […]