India's Tata denies report on alliance talks with PSA
- Mamata Banerjee govt saving those involved in Saradha scam: Rahul Gandhi
- Senior Pakistan journalist Hamid Mir shot at in Karachi
- One dead in Odisha post-poll violence
- BJP rubbishes Geelani's claim, calls separatist leader's 'Modi emissary talk' as 'false and mischievous'
- IPL 7 Live Cricket Score, DD vs KKR: DD beat KKR by four wickets
Tata Motors Ltd denied a report on Wednesday that the Indian car maker is in talks to set up an alliance with French peer PSA Peugeot Citroen .
That is absolutely incorrect, Tata spokesman Debasis Ray said.
Germany's Manager Magazin had reported earlier on Wednesday that Peugeot Chief Executive Philippe Varin is looking for an alternative should cooperation with General Motors and its European Opel division collapse, citing unnamed company sources.
We are still not commenting on the countless rumours about the group, a Peugeot spokesman said.
GM and Peugeot have halted talks on a deeper tie-up amid misgivings about the French carmaker's worsening finances and government-backed bailout, Reuters reported on Tuesday, citing people familiar with the matter.
Peugeot shares rose as much as 3.3 percent on the Manager Magazin report, before giving up most of their gains after Tata's denial. The stock was trading at 4.47 euros as of 1109 GMT, little changed from Tuesday's close.
- Need equal rights for all gender minorities: Transgenders
- Rahul questions Mamata inaction on Saradha scam
- Karnataka govt ends lockout at Toyota plants
- After Pune, BJP now raises doubts about Mumbai voters’ list
- In Etawah, SP candidate holds ears to seek forgiveness and votes
- Cong, Shia cleric supporters trade charges day after attack on MLA