SEBI needs to get tougher
The market regulator may remove the option to settle serious cases like insider trading without admitting guilt. That could lead to even less enforcement from the SEBI than at present. But if it hardens SEBI's resolve to land a high-profile conviction, such self-denying ordnance may be worth it, writes Jeff Glekin. Full Article
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Tata gets U.S. antitrust OK for Jaguar, Land Rover
A Union flag flies behind a Jaguar car emblem outside a dealership in Manchester, northern England, in this March 25, 2008 file photo. U.S. antitrust authorities have cleared India's Tata Motors Ltd's purchase of Jaguar and Land Rover from Ford Motor Co.
Credit: Reuters/Phil Noble/Files
WASHINGTON |
WASHINGTON (Reuters) - U.S. antitrust authorities have cleared India's Tata Motors Ltd's purchase of Jaguar and Land Rover from Ford Motor Co.
Antitrust authorities completed their review of the $2.3 billion deal without taking any action to block it, the U.S. Federal Trade Commission said in a notice issued on Wednesday.
In March, Tata announced it would buy Jaguar and Land Rover, giving the Indian automaker a line-up of products ranging from the world's cheapest car to some of the most expensive.
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