Tata steel says will hold on to Riversdale
Tata Steel, the world's seventh-largest steel maker, said today it would hold on to its shares in the Australian miner Riversdale, calling it a strategic stake.
Tata Motors is likely to remain on its growth path as the strength of its domestic operations would more than offset the weaknesses at Jaguar Land Rover, which itself could see a recovery in sales by next year, said Merrill Lynch, a leading brokerage firm.