Business
Get a Tata Nano in Exchange for an 2 Wheeler
Tata Motors accepts established afresh offer to advance sales of its ultra-cheap car Tata Nano. Now two-wheeler owners can walk into any Tata Motors showroom to exchange their two-wheeler for a car. “2 wheels for 4” scheme has not only advanced customers interest in Indian market just has as well boosted sales for the company [...]
World’s most expensive car Bugatti to launch in India with a starting price of 16cr.
The bench mark since luxury cars in the country barely acquired higher with Volkswagen Group company Bugatti autos about Thursday launching its ace premium sport car “Bugatti Veyron 16.4 Grand Sport”, with price starting at Rs. 16 crore, the costliest auto to bump off the Indian roads. “Bugatti has been doing well in America, Europe [...]
India expected to catch 2.3 lakh newly jobs in Q4: E&Y
NEW DELHI: 6 sectors, letting in health care and realty, is awaited to produce an banging 2.3 lakh jobs in India in the last three months of 2010, agreeing to global consultancy Ernst & Young. Encouraged along strong domestic economic recovery and improved global sentiment, most localised industries are asked to growth their head count [...]
AI seeks to normalcy after strike.
National carrier Air India was on Thursday struggling to restore normal operations after a two-day wildcat strike by 15,000 employees and said it would take another two days for flight schedules to get regular. “There were a few cancellations from New Delhi and Kolkata this morning, but as far as Mumbai was concerned, we have [...]
M & M enters high growth electric car.
Mahindra & Mahindra (M&M) has strengthened its position in the electric vehicles domain with the acquisition of a majority stake in REVA Electric Car Co, Bangalore. REVA Electric Car Co will be renamed Mahindra REVA Electric Vehicle Co. Under the new agreement which was signed by both the companies, M&M will own 55.2% equity in [...]
Mumbai plot a record deal.
Mumbai:-Real estate firm Lodha Developers paid more than twice the asking price to win a plot of land in central Mumbai for Rs 4050 crore (USD 850 million), in what is seen as the single largest land transaction in the city.Lodha, which plans to launch a USD 650 million initial public offering later this year, [...]
BWA auction to go off.
KOLKATA: Telcos, chipmaker Qualcomm and mobile internet companies are all expected to bid aggressively in the broadband auctions starting Monday. “While incumbent operators (like Bharti, Vodafone, etc) should theoretically not be as aggressive in the BWA auction as they were in the 3G auction (given that in 3G they could have been concerned of losing [...]
Wipro expanding Kochi base.
KOCHI: Wipro is a major player in IT landscape of the city with a full-fledged private campus at Info park in Kakkanad. The 10-hectare campus has a built-up space of 10 lakh sq.ft. It employs 1,900 people and focuses on software development, with domestic and international clients. Mr. Premji’s announcement focusing on business process outsourcing [...]
Profit for ITC Q4 jumps for 27%.
KOLKATA: Net sales during the period under review grew 27.9% y-o-y to Rs 5,053.79 crore from Rs 3,950.32 crore in the year-ago period, driven by robust performance in cigarettes, other FMCG and agri businesses. Tobacco-to-hotels major ITC on Friday reported a 27.1% year-on-year (y-o-y) growth in net profit for the fourth-quarter (Q4) ended March 31, [...]
India buys MNC drugs.
MUMBAI: Every takeover leads to speculation on which would be the next target in the industry and experts talk about consolidation.So is the case with the pharmaceutical sector after Abbott of the US agreed to pay with an arm and a leg for Piramal Healthcare’s generics unit. “With two deals as examples, it will be [...]