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The company is in advanced stages of discussion with Mahindra to decide the course of action for MRPL as a business, and Logan as a product, MRPL country director Marc Nassif said
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Car makers sold 145,905 units in January, a 32% jump over a year ago and also the highest ever, according to data from Siam
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It may not be prudent for investors to jump in yet as full-year results would still see losses
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Goodyear Tire and Rubber Co., which owns 74% of the subsidiary, will pay Rs245 apiece to buy the remaining shares and delist them from the BSE
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Improving GDP growth augurs well for the sector, as higher disposable income levels should see it gradually returning to the growth levels seen a few years ago
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Coupled with the likely hike in excise rates, auto companies would be forced to raise prices by 6-10%, leaving little room to increase prices further to accommodate rising commodity costs
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Domestic passenger car sales have increased 32.28 per cent at 1,45,905 units in January from 1,10,300 units in the same month last year.
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Dollar selling by exporters and gains in the local equities market today helped the Indian rupee recover by 16 paise against the US dollar, snapping its three-session of losses.
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The revival in the economic growth will not only push up average income of people but will also help the government reduce the fiscal deficit.
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This could well be the ultimate irony of the controversial Air India-Indian Airlines merger that saw the domestic arm’s identity getting lost.
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The finance ministry on Monday approved issue of bonds by railways worth Rs 5,000 crore for the financial year ending March 31, 2010.
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The finance ministry on Monday approved issue of bonds by railways worth Rs 5,000 crore for the financial year ending March 31, 2010.
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The Indian economy will grow at 7.2% in 2009-10, said the Central Statistical Organisation (CSO) on Monday in its advance estimate.
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Environment and forests minister Jairam Ramesh said there was “no clear consensus” among the scientists and stakeholders on giving permission to Bt Brinjal, adding more studies needed to be conducted
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Food inflation may be a bane for the economy, but India appears to be capitalising on the shortage of onion and has exported the commodity at a record Rs 23 a kg in the beginning of 2010. The export price is almost at par with the domestic sale price, experts say and attribute the high [...]

Environment and forests minister Jairam Ramesh said there was “no clear consensus” among the scientists and stakeholders on giving permission to Bt Brinjal, adding more studies needed to be conducted
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Company to take final decision on JV in 30-45 days; Renault India to set up own dealership network; Logan sedan has faced declining sales on pricing issues
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Dollar selling by exporters and gains in the local equities market helped the rupee recover by 16 paise against the US dollar, snapping its three-session of losses.
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