CRISIL has upgraded its rating on the long-term debt instruments and bank facilities of Tata Motors Finance Ltd (TMFL) to ‘AA-/Stable’ from ’A+/Stable’; the rating on the short-term debt programme and bank facilities has been reaffirmed at ‘P1+’. The upgrade follows a similar rating action on the debt and bank facilities of Tata Motors Ltd (TML, rated ‘AA-/Stable/P1+’ by CRISIL; refer to release, ‘CRISIL upgrades rating on Tata Motors to ‘AA-/Stable’, released on August 23, 2010). The ratings on TMFL’s debt and bank facilities continue to be centrally based on CRISIL’s ratings on the debt and bank facilities of TMFL’s parent TML, given TML’s majority ownership in TMFL, strong support extended to TMFL, and TMFL’s strategic importance to TML.
Harman Kardon has launched its Fit Speaker Series in India, a new collection of premium in-car speakers designed to enhance driving experiences with high-fidelity sound and cutting-edge technology.
Dolby Laboratories, a global leader in immersive entertainment experiences, and Mahindra & Mahindra announced the debut of Dolby Atmos in the Mahindra Thar Roxx AX7L variant.
Park+ Research Labs, India's only digital-first, data-driven survey platform, announced key findings from its latest city-focused survey.