Jaguar, Land rover belongs to India

Tata motors made a grand entry into the luxury cars market with a grand acquisition of Jaguar and Land rover for over 2.3 billion dollars all cash deal. Ratan N. Tata chairman of Tata Sons and Tata Motors promised to preserve the iconic identities of Jaguar and Land rover. Ford acquired Jaguar for 2.5 billion dollar in 1989 and Land rover for 2.75 billion dollar in 2000 has now sold both brands with manufacturing facilities for 2.3 billion dollars to Tata motors. With this grand acquisition Tata now the proud owners of Jaguar and Land rover both luxury cars with a iconic brand image and Nano world’s cheapest car. Tata motors earlier created a big buzz all over the world with its pet project world’s cheapest car Nano. Nano will be priced roughly around 2500 dollar and the design and the concept is well received across the world. Jaguar and Land rover now belongs to India thanks to the 16000 strong Ford workforce which chose Tata Motors as their preferred choice. Ford employees chose Tata motors because of their smooth, sustained and fair relationship with their work force. Tata Motors will continue to manufacture both Jaguar and Land rover from Britain and Ford will continue to supply the engine and components to Tata Motors. With the acquisition of Jaguar and Land rover Tata Motors now reached the elite club internationally important car makers. Tata motors will now be counted among the best in the world.

Warren Buffet World's Richest

US financier Warren Buffett dislodged Bill Gates from the Wolrd"s Richest Man according to Forbes annual Billionaire's list. The year also saw India , Russia and China making deep inroads in to the Billionaire's club. Moscow also went a step higher to become worlds billionaire capital. Moscow now has more Billionaire than even New york city.
Mexican telecoms tycoon Carlos Slim came close second with 60Billion US dollars. Bill Gates who occupied the first position un changed from 1995 .
Warren Buffet who is called sage of Omaha occupies the first position at a time when he is siphoning off a significant portion of his wealth to charity. His Berkshire Hathaway corporation shares going strong contributed to his growing wealth.In 2006 June Buffet announced his plans to allocate 85percent of his wealth to Bill & Melinda Gates foundation and some family Charities. Bill is on the board of his Berkshire Hathaway and a close friend of him for years.
By nationality US comes first with Russia displacing Germany from the second place.Third placed India saw a big jump to the fortunes with 53 billionaires. There are 4 Indians in the Top ten itself.

US elections Ohio changes the wind

Hilliary Clinton stopped the unbeaten 12 victories of Barack Obama by winning Ohio and Texas. Ohio most important and delegate rich primary went the Clinton way after heated battle which saw pitched battle between senator Obama and Senator Clinton. Obama with his superior money power outspent Hilliary and tried every trick in the book to outwit Clinton. Ohio people went along with Hilliary for her experience and Texas gave her narrow lead so that she can hold on and live another day. With Rhode Island, Texas,and Ohio to her kitty and fast narrowing on Obama the presidential nomination race become more and more interesting.
With Clinton winning on her experience plank and stopping Obama mid way the momentum just transferred to Hilliary Clinton.Will she win the nomination is in the hands of super delegates because no candidate now has the delegates to win outright nomination.
With john McCain going to the voters with a lot of experience Hilliary would be an ideal choice to stop him.But Obama showed his fighting power when he was nowhere in the fight and he is been identified by American youth as a leader of the future.Let us wait for more fun and fight from both.