Business Fwire News - Page 30

Jaguar Land Rover signs JV with China's Chery Automobile

The joint venture will manufacture Jaguar Land Rover and JV-branded vehicles and engines, set up a research and development facility, and sell vehicles produced by the JV.

Maruti to take a call on Gurgaon diesel plant in 2 months

MSI manufactures all the petrol engines at its Gurgaon plant and has an annual capacity of over eight lakh units.However, demand for diesel cars have soared in India as petrol is priced much higher than the government subsidised diesel.

Delhi HC restrains coercive steps against RPower's AP project

Reports had said earlier that four state governments had slapped a fine of Rs 400 crore on the company's unit for delays in setting up the power project

Nissan to sell low-cost cars in India under Datsun brand

Japan's No.2 automaker, Nissan, on Tuesday announced the revival of the Datsun brand, starting in India, Indonesia and Russia from 2014.

Templeton to raise $300 mn for Asia investments

The fund, which will have a six-year lifespan like previous funds, will have a sub-tranche for Asia investments, Managing Director Ong Tek Khoan told Reuters.

Starbucks goes beyond coffee with first juice bar

With Starbucks yet to detail how many juice bars it plans to open, the popularity of its first shop, located in an upscale shopping area in Bellevue, Washington, an affluent city just east of Seattle, will be closely watched.

UPS's international footprint to grow with TNT deal

UPS will become the market leader in Europe and also gain access to TNT's stronger networks in the fast-growing Asian and Latin American markets.

Adobe revenue slows ahead of upgrades, shares fall

Adobe Systems Inc, maker of Photoshop and Acrobat software, said revenue growth slowed as sales of its widely used Creative Suite software fell, missing its forecasts, ahead of widely anticipated product launches this quarter.

TRAI moves court against Loop Mobiles on number portability

The TRAI has sought Chief Metropolitan Magistrate Vinod Yadav's direction to summon and prosecute Loop Mobiles for rejecting subscribers' requests for number portability.

Budget 2012 a ray of hope for realty?

Hopefully, with increase in liquidity through availability of ECBs and availability of higher deduction for affordable housing, the real estate sector may get some respite from an otherwise stagnant growth pattern.

Tata Motors to increase prices following excise duty hike

Tata Motors said in a statement that the company has decided to increase the prices in proportion to the hike in the excise duty.

Jet fuel to get dearer by 2 percent from midnight

Jet fuel constitutes over 40 percent of an airline's operating cost.

Budget 2012 will be 81st in India's history

Mukherjee will present the Union Budget for the seventh time, the second-highest by any Finance Minister.

Oman govt gas price hike to cost Ominfco Rs 600 crore

Oman has increased the price of gas to $3 per million British thermal unit (mBtu) from January 1, for all the industries including Ominfo.

Airbus deal: CBI awaiting sanction to prosecute govt officials

"As per law the CBI has sought permission of the government for taking up investigation against the officers of the rank of the Joint Secretary and above and the same is under consideration," Minister of state of personnel V Narayanasamy said in a written reply to Lok Sabha.

India, China to boost ailing aviation industry: Ajit Singh

In the last decade, India has made tremendous strides in aviation with traffic carried by domestic airlines growing nearly six-fold from 13 million to around 60 million in 2011, he said.<br /><br />

HC asks Sebi to reconsider MCX-SX application within a month

In the last hearing in November, the High Court had reserved the judgement after the two parties - Sebi and MCX-SX - were unable to settle the matter out-of-court.

Ajit Singh to inaugurate India Aviation 2012

France will be the focus country for the event, while UK will be the partner country and US the guest country.

SBI has no plans to lend more to Kingfisher: Mukherjee

Kingfisher has cleared all its tax and interest dues up to August 2011, Mukherjee told lawmakers in a written reply.

Airbus to showcase business jets at Hyderabad Air Show

The ACJ318 is similar in size externally to traditional large bizjets.

Khazanah sells Yes Bank stake for $105 million

Khazanah sold the shares of Yes Bank in stock market block deals on Monday, said the sources, who did not want to be named as the information is not public yet.

Airtel introduces unlimited international roaming data plan

Bharti Airtel has launched '1-day Bridge DataRoamUnlimited' under which its post-paid users can get unlimited data usage while roaming across Asia Pacific for $10 per day.

Rajesh Exports redeems $150-million foreign bonds

Investors opted for a conversion of 1349 bonds into equity shares, and the payment was done on February 22, the company said in a release.

Nomura's Goel to head i-banking at IIFL

Prior to joining IIFL, Goel was managing director and head of investment banking at Nomura India and has experience of over 15 years.

StanChart in alliance with Google to server SMEs

In keeping with the bank's strategy of constantly striving to meet the evolving needs of its clients, Standard Chartered will actively collaborate with Google to reach out to SMEs to educate them on the benefits of getting online, the bank said in a statement.