Homegrown auto major Tata Motors said it has completed the $2.3 billion acquisition of British luxury brands Jaguar and Land Rover in an all cash transaction.
On Sunday, the Tatas and the UK-based Virgin group announced their franchisee agreement. Through this pact, Tatas were planning to offer Virgin Mobile services.
Angered by a missive from Orient Express Hotels (OEH), which arrogantly dismissed a Tata interest in partnership as value-destructive, the Tatas struck back.
Tata, Reliance Anil Dhirubhai Ambani Group and Airtel have been identified as the top three most valuable brands in India by 4Ps Business and Marketing magazine.