Inflation rate up, now at 0.83 percentOctober 1st, 2009 NEW DELHI - India's annual rate of inflation crawled up marginally to 0.83 percent for the week ended Sep 19 from 0.37 percent the week before, according to official data released Thursday. The price indices for major groups like primary articles, manufacturing products and fuel, power, light and lubricants rose for the week under review.
Balmer Lawrie to set up lube plant in IndonesiaSeptember 24th, 2009 KOLKATA - The state-owned Balmer Lawrie, which has diversified business interests such as tea, industrial packaging and grease and lubes, plans to set up a $5-million lubricant and grease plant in Indonesia in a joint venture. Balmer Lawrie formed the joint venture with Imani Wicaksana of Indonesia for the project, which is likely to come up within a year.
UAE firm launches eco-friendly engine oilsSeptember 17th, 2009 DUBAI - An oil company in the United Arab Emirates (UAE) has launched two new engine oils to ensure higher fuel efficiency and less pollution, WAM news agency reported. The Protect Green 5W 40 and Vulcan Green 10W 40 engine oils have low content of sulphated ash and phosphorous, according to the report Wednesday.
Shell Advance confirmed as title sponsor for Malaysian Motorcycle Grand PrixSeptember 16th, 2009 NEW DELHI - Leading motorcycle lubricant brand and Ducati MotoGP team technical partner Shell Advance has reached an agreement with MotoGP rights holders Dorna Sports S.L, to become title sponsor of the 2009 Shell Advance Malaysian Motorcycle Grand Prix. The agreement has resulted from an ongoing partnership with Dorna which has already seen a Shell Advance track-side advertising presence at 2009 MotoGP events in Qatar, Italy, Germany and the United States.
Mercedes-Benz launches its heavy duty truck in IndiaSeptember 8th, 2009 NEW DELHI - Premium car manufacturer Mercedes-Benz India Tuesday launched its globally acclaimed third-generation truck Mercedes-Benz Actros 4841K in the country. The Actros is its largest selling truck model worldwide, the company said in a statement.
American Eagle launches service to Manhattan, Kansas from Dallas/Fort WorthAugust 25th, 2009 American Eagle launches service to Manhattan, Kan.FORT WORTH, Texas — American Eagle, the regional affiliate of American Airlines, on Tuesday began service between Dallas/Fort Worth International Airport and Manhattan Regional Airport in Manhattan, Kan., with two daily round-trip flights. The new service is operated with 50-seat Embraer ERJ-145 jets.
Airtel launches wholesale services for global playersAugust 17th, 2009 NEW DELHI - Bharti Airtel Monday launched its global wholesale service portfolio, which will enable telecom companies across 50 countries to access its services. The company has invested $500 million to expand its connectivity by building cable capacity, network infrastructure and international points of presences, an official statement said.
Audi launches luxury utility vehicle Q5 in IndiaJune 4th, 2009 MUMBAI - German premium segment car maker Audi launched its luxury sports utility vehicle (SUV) Audi Q5 in the Indian market Thursday. The SUV, priced between Rs.38.29 lakh and Rs.44.19 lakh, will come in two engine options, including two-litre petrol and three-litre diesel variants.
Frito-Lay to invest Rs.500 crore over three years (Lead)June 4th, 2009 NEW DELHI - Frito-Lay, the food division of beverage major PepsiCo India, plans to spend about Rs.500 crore over the next three years on its entire product range in India, a top official said here Thursday during the launch of a new baked savoury cracker, Aliva. "We will be investing about Rs.500 crore on our entire food portfolio over three years," Gautham Mukkavilli, Frito-Lay India chief executive and PepsiCo India president told reporters.
GM India remains unaffected by parents' bankruptcy petitionJune 1st, 2009 CHENNAI - Even as its American parent General Motors (GM) has filed a bankruptcy petition, its Indian subsidiary GM India announced Monday that it remains unaffected. GM has filed a bankruptcy petition under Chapter 11 of the United States Bankruptcy Code.
Renewable energy portfolio bigger than me: Farooq AbdullahMay 29th, 2009 NEW DELHI - New and Renewable Energy Minister Farooq Abdullah Friday said his portfolio had a larger profile than his own and promised to create awareness about the potential that India held in the use of clean energy sources. "This ministry is a challenge.
Philips makes big push in India, launches new productsMarch 20th, 2009 PANAJI - Philips Electronics India Friday gave a big push to its expansion in the country by launching over 150 new products in the lighting and home decorative sector and a new line of home healthcare products. With demand slowing down in its key lighting and electronics sectors, the company is now planning to expand its medical equipment business.
Mott MacDonald opens new design centre in KochiMarch 14th, 2009 KOCHI - London-based engineering and consultancy major Mott MacDonald Friday opened its new design centre in Kochi, Kerala. Mott MacDonald director (oil and gas global operations) Sam Mathew said the company was committed to expanding its business in India and Kochi would become a hub for the firm's oil, gas and petrochemical storage and distribution business.
Indian Bank launches wealth management advisory servicesFebruary 6th, 2009 CHENNAI - As a first step towards launching a portfolio management services subsidiary, the city-based Indian Bank launched wealth management advisory services to its high net worth clients, said a top official. 'As per a study done in 2007, around $250 billion investible surplus is available in India and this figure will go up to $1 trillion by 2012,' the bank's chairman and managing director M.S.
Fiat India launches luxury sedan in IndiaJanuary 15th, 2009 NEW DELHI - Auto manufacturer Fiat India Friday launched its luxury sedan Fiat Linea in India. The car will be available in both diesel and petrol versions.
Loading ...