Tata Sons, the parent company of the Indian conglomerate, could reach a valuation of US$96 billion, or 8 trillion Rupees, in an upcoming IPO expected to occur in the next year and a half. Its investments include Tata Consultancy, the software giant, Jaguar Land Rover maker Tata Motors Limited (NYSE:TTM) and Indian airline Vistara. The group also owns Tata Steel, which recently announced teh closure of two blast furnaces at Port Talbot in Wales with the loss of thousands of jobs.