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  • Proposition 101, Medical Choice for Arizona, has been rejected by voters, the Associated Press projects.
  • Japan says its current account surplus in September plunged 48.8 percent from a year earlier.
  • US Federal Reserve grants request by American Express to become bank holding company.
  • Spokesperson for US President-elect Barack Obama on today's White House meeting: http://bnonews.com/elections/?id=184
  • NASA says it has lost contact with the Phoenix Mars Lander and is now ending the mission which they describe as "successful".
via @BreakingNewsOn

Tata Motors to keep Pune plant closed for six days

November 10th, 2008 - 9:58 pm ICT by IANS -
Kolkata, Nov 10 (IANS) Tata Motors will keep its commercial vehicles plant in Pune closed Nov 21-26, a company official said."To match demand with supply, we will keep the plant closed. At ...

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Volvo India to focus on non-core business

November 6th, 2008 - 9:48 pm ICT by IANS -
Kolkata, Nov 6 (IANS) Heavy commercial vehicles manufacturer Volvo India decided to focus on rental business and used equipment sales to tide over the present economic downturn, a top official said here ...

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Eicher rides non-compete revenue, net up 205 percent

October 29th, 2008 - 9:40 pm ICT by IANS -
New Delhi, Oct 29 (IANS) Eicher Motors Wednesday posted a net profit of Rs.429 million ($9.5 million), up from Rs.140 million for the second quarter of fiscal 2008-09.The 205 percent growth in ...

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Tata Motors cuts production target, removes 300 temporary workers (Lead)

October 20th, 2008 - 8:12 pm ICT by IANS -
Ranchi, Oct 20 (IANS) Auto major Tata Motors has reduced its production target in the Jamshedpur unit by 15 percent for this month and asked 300 temporary employees in the unit not ...

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EU embassies seek additional security in unsafe Pak

October 15th, 2008 - 11:57 am ICT by ANI -
Lahore , Oct 15 (ANI): In the wake of the deteriorating law and order situation in Pakistan , the European Union (EU) embassies have asked for additional security in the country. The ...

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Delhi Govt. planning to phase out 10-yr-old commercial vehicles

August 20th, 2008 - 9:40 pm ICT by ANI -
New Delhi, Aug 20 (ANI): Delhi government is planning to phase out ten-year-old commercial vehicles within the next two years from the national capital roads. The state government has recently issued ...

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Magma renames itself, sees 43 percent loan disbursal growth this fiscal

August 13th, 2008 - 6:41 pm ICT by IANS -
Kolkata, Aug 13 (IANS) Financial services company Magma Shrachi Finance Limited expects 43 percent growth in loan disbursals in the current fiscal, a top company official said here Wednesday. "Keeping in line ...

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Sundaram Finance 1:1 bonus issue gets shareholders’ nod

July 24th, 2008 - 6:33 pm ICT by IANS -
Chennai, July 24 (IANS) Shareholders of the Sundaram Finance Ltd., a non-banking Indian finance company, Thursday approved issue of bonus shares on 1:1 basis despite a note of warning of company chairman ...

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Green activists happy, vehicle owners worried over ban order

July 20th, 2008 - 3:32 pm ICT by IANS -
Kolkata, July 20 (IANS) The city's green activists have welcomed with a sigh of relief the Calcutta High Court (HC) judgement banning commercial vehicles, registered on or before January 1, 1993, from ...

Posted in Environment, Life Style, Uncategorized, | No Comments »

Tata Motors launches fuel-efficient buses

July 8th, 2008 - 6:26 pm ICT by IANS -
Mumbai, July 8 (IANS) Tata Motors, the world's second-largest bus and fourth-largest truck manufacturer, is introducing a new range of fuel-efficient Super Milo buses with a starting price of Rs.850,000. Available in ...

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Daimler Hero to roll out vehicles in Tamil Nadu

July 7th, 2008 - 7:33 pm ICT by IANS -
Chennai, July 7 (IANS) Daimler Hero Motor Corp, a joint venture floated by German auto major Daimler AG and Indian two-wheeler giant Hero group, Monday signed an agreement with the state government ...

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Daimler Hero to roll out vehicles in Tamil Nadu (Lead with corrections)

July 7th, 2008 - 7:29 pm ICT by IANS -
Chennai, July 7 (IANS) Daimler Hero Commercial Vehicles Ltd, a joint venture floated by German auto major Daimler AG and Indian two-wheeler giant Hero group, Monday signed an agreement with the state ...

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Tata Motors sales up seven percent

July 1st, 2008 - 10:07 pm ICT by IANS -
Mumbai, July 1 (IANS) Tata Motors has notched a growth of seven percent in its June sales, though its export figures dipped by 37 percent. During the month, the company sold 47,245 ...

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Eaton calls for government subsidy for hybrid vehicles

June 25th, 2008 - 8:42 pm ICT by IANS -
Chennai, June 25 (IANS) Eaton Corp Inc, which developed diesel-electric hybrid truck technology, Wednesday urged the state governments to share the product cost since the technology is costly. "The hybrid technology for ...

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Ashok Leyland plans Rs.30 bn investment for expansion

June 17th, 2008 - 11:10 pm ICT by IANS -
Mumbai, June 17 (IANS) Commercial vehicles manufacturer Ashok Leyland (AL) Tuesday said the company would invest around Rs.30 billion ($714.3 million) in the next three years for its capacity expansion. On the ...

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Vehicle idling contributes to greenhouse gas emissions

June 10th, 2008 - 7:02 pm ICT by ANI -
Washington, June 10 (ANI): Experts have said that vehicle idling is a significant contributor to greenhouse gas emissions, as it wastes about 4 percent of a cars gasoline. Thats just a complete ...

Posted in Health Science, | No Comments »

Transporters strike hits life in Kashmir

June 9th, 2008 - 4:21 pm ICT by ANI -
Srinagar, June 9 (ANI): A four-day strike called on by the transporters in Kashmir has brought life to a standstill in the state. In Srinagar, schools, offices and other establishments remained shut ...

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Tata Motors to launch world truck in June

May 28th, 2008 - 10:38 pm ICT by admin -
Mumbai, May 28 (IANS) Tata Motors will launch their world truck, simultaneously in India and South Korea, in June, said company's managing director Ravi Kant here Wednesday. The world truck would be ...

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Tata Motors profit dips to Rs.21.67 bn

May 28th, 2008 - 7:58 pm ICT by admin -
Mumbai, May 28 (IANS) Tata Motors has posted a net profit of Rs.21.67 billion for the financial year 2007-08 -- down from Rs.21.69 billion during the previous year. The company reported a ...

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Volvo to invest $270 mn in Indian venture

May 26th, 2008 - 6:09 pm ICT by admin -
New Delhi, May 26 (IANS) Leading global automobile manufacturer Volvo and India's Eicher Motors Limited (EML) Monday said they will set up a new joint venture for commercial vehicles in India, with ...

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Ashok Leyland posts marginal growth in net profit

May 8th, 2008 - 9:58 pm ICT by admin -
Chennai, May 8 (IANS) Commercial vehicle manufacturer Ashok Leyland Thursday announced that the company posted a net profit of Rs.4.69 billion ($117.3 million) for 2007-08 as compared to Rs.4.41 billion the previous ...

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Religare Finvest to finance commercial vehicles

April 17th, 2008 - 7:51 pm ICT by admin -
Chennai, April 17 (IANS) Religare Finvest Ltd (RFL), a non-banking finance company, has signed a strategic agreement with the Pune-based three-wheeler manufacturer Kumar Motors Private Ltd for financing commercial vehicles. According to ...

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Mercedes Benz rolls out 20,000th car from Pune factory

April 9th, 2008 - 10:41 pm ICT by admin -
Pune, April 9 (IANS) It was a moment of pride as the iridium silver E-Class Mercedes Benz worth 4.5 Million rolled out late Wednesday afternoon from Mercedes Benz India's Plant here in ...

Posted in Business, | 1 Comment »

China world’s third largest motor producer in 2007

April 5th, 2008 - 10:57 pm ICT by admin -
Xinhua Beijing, April 5 (Xinhua) China's output of motor vehicles ranked the third in the world after Japan and the US in 2007, according to statistics from the China Association of Automobile Manufacturers ...

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Daimler joint venture with Hero Group approved

March 27th, 2008 - 5:14 pm ICT by admin -
New Delhi, March 27 (IANS) India Thursday gave its approval to German auto major Daimler to invest Rs.16.50 billion ($415 million) in a joint venture with the Hero Group to make commercial ...

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Economic survey lauds the growth in the industrial sector

February 28th, 2008 - 5:54 pm ICT by admin -
New Delhi, Feb 28 (ANI): The Economic Survey 2007-08 says that the 9.2 per cent growth achieved during April to November 2007 by the industrial sector, when seen against the backdrop of ...

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Bharat Forge to raise Rs.3 billion

February 27th, 2008 - 10:14 pm ICT by admin -
Mumbai, Feb 27 (IANS) The board of directors of Bharat Forge Limited, the flagship company of the Kalyani group, Wednesday approved a preferential issue of convertible warrants to its promoters to raise ...

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Gurgaon gets closer to Delhi as expressway opens for traffic

January 23rd, 2008 - 10:11 pm ICT by admin -
New Delhi, Jan 23 (ANI): Travel time to and from Delhi's airport, as well as from Delhi to Gurgaon will cut down shortly, as Union Shipping, Road Transport and Highways Minister T ...

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Baalu approves road repair works in Karnataka

November 14th, 2007 - 2:54 am ICT by admin -

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