PSU funds

New Delhi, Sept. 12: Heads of PSUs today met finance minister P. Chidambaram and pledged to fast track investments even as they flagged the hurdles of red tape in clearing projects. A larger body of 20 maharatna and miniratna PSU bosses are expected to meet Prime Minister Manmohan Singh later this month to seek greater financial autonomy for faster decision making and speedy clearance of investment plans.

JLR move

Mumbai, Sept. 12: Jaguar Land Rover, the luxury car maker from the Tata group, has invested £370 million (Rs 3,288 crore) to upgrade its manufacturing facilities in the UK and increase productivity ahead of the launch of the Range Rover in 170 countries.

FDI letter

New Delhi, Sept. 12: Vayalar Ravi, minister for micro, small and medium enterprises, today sent a letter to Prime Minister Manmohan Singh saying the easing of 30 per cent procurement requirements for FDI in single-brand retail will lead to dumping of cheap imported goods in the country.