Sydney: Mahindra & Mahindra Ltd. (M&M), one of India’s leading auto brands, has entered into a joint venture agreement with its existing partner, TMI Pacific, a local Australian importer and distributor of vehicles. The agreement will lead to the formation of a new company called Mahindra Automotive Australia which will continue the marketing, promotion and [...]
Finance Minister P Chidambaram on Saturday expressed confidence that India can weather the storm of financial crisis blowing across the world saying the country’s economic fundamentals and the banking system were strong.
He admitted there is a liquidity crunch in the market and that the economy was facing ’spill over and ripple’ effects of the global [...]
Taking swift action to inject about Rs 60,000 crore into the cash-strapped system, the Reserve Bank on Friday announced additional one percent cut in mandatory requirements for banks to keep cash with the central bank over and above 0.50 percent reduction announced earlier.
With this, a total 1.50 percent cut in Cash Reserve Ratio (CRR) to [...]
After a controversial stay in West Bengal, Tatas shifted their Rs one-lakh car Nano project to Sanand near Ahmedabad at an investment of Rs 2,000 crore, delcaring that efforts will be made to roll out the world’s cheapest car from a make-shift plant to meet the deadline.
“This is an extremely momentous and happy day [...]
NRI steel tycoon Lakshmi Mittal has lost 16.6 billion pounds in the global credit crunch owing to plummeting stock markets in the last four months, media reports said in London on Sunday.
The 58-year-old Mittal heads a list of ten super-rich losers who together have seen their share portfolios shrink by about 23 billion pounds from their [...]
Tatas pulled out of West Bengal for its Rs one-lakh car Nano project, blaming it on continuing agitation by the opposition parties, spearheaded by Trinamool Congress leader Mamata Banerjee.
Addressing the media after meeting with Chief Minister Budhadeb Bhattacharjee, Ratan Tata, however, said that Nano will come out as per the committed time.”Nano will come [...]
India has allowed the export of the Pusa 1121 variety of rice from Oct 15 this year, according to a senior government official. This variety is exported mainly to the Gulf countries, a report in The Times of India says.
“Pusa 1121 rice will be exported with effect from Oct 15 this year,” a senior official of the [...]
The rupee fell to its lowest in 17 months on Monday, hit by a weak stock market and some lumpy orders in a holiday-thinned market that was also factoring in some recent dollar strength.
The partially convertible rupee ended at 43.59/60 per dollar, recovering slightly from an intraday low of 43.70, its lowest level since March [...]
A growing number of companies are designing marketing campaigns that tap into Australia’s culturally diverse community, Minister Assisting on Citizenship Barbara Perry said while launching the 2008 National Multicultural Marketing Awards on Wednesday 4 June 2008, according to a media release from the Minister’s office.
It’s these culturally-aware companies from around Australia that are being encouraged [...]
Describing India as a fantastic market for major companies, the United States India Business Council Chairperson and Pepsico CEO Indra Nooyi said doing business in the country is relatively easy.
India-born Nooyi said that not only Pepsico likes to do business in India but also chief executives of other big corporations with whom she has spoken [...]
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