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Feb 21: Kingfisher`s turbulent times

  • Feb 21: Kingfisher`s turbulent times

    Feb 21: Kingfisher`s turbulent times

  • First retail inflation out

    A farmer carries a basket of tomatoes to load them on to a tractor trolley in the outskirts of the western Indian city of Ahmedabad

    Inflation based on the all India Consumer Price Index stood at 7.65% in January, as per the first nationwide retail inflation data released by the government today.

    While 'food and beverages' reported a moderate rate of price rise of 4.11% year-on-year in January, the inflation numbers for fuel and light, and clothing, bedding and footwear segments were in double-digits.

  • 230 showrooms for Nano

    Employees work inside the newly inaugurated plant for Tata Nano car at Sanand

    Tata Motors plans to launch 230 showrooms for its ultra-cheap Nano car in the next 12 months, said P.M. Telang, managing director of the company's India operations.

    The company currently has 120 exclusive Nano showrooms, he said, adding Sri Lanka and Nepal were "natural" export markets for Nano.

  • M&M in Russia

    Mahindra & Mahindra logo pictured during a media preview of the Seoul Motor Show in Goyang

    Mahindra & Mahindra (M&M) today said it was looking to assemble its products in Russia through the distributor of its South Korean subsidiary SsangYong in the next two years.

    "Talks are on with the Russian distributor of SsangYong on assembling Mahindra products there. It is at a very initial stage and we are in the process of deciding what products should it be," M&M President (Automotive and Farm Equipment Sectors) Pawan Goenka told reporters here.

  • Greece bailout deal sealed

    An anti-austerity protester draped with a Greek flag sits in front of police guarding parliament in Athens February 11, 2012 during a demonstration on the second day of a 48-hour strike by Greek workers unions.

    Euro zone finance ministers sealed a 130-billion-euro bailout for Greece on Tuesday to avert a chaotic default in March after persuading private bondholders to take greater losses and Athens to commit to deep cuts.

    After 13 hours of talks, ministers finalised measures to cut Greece's debt to 120.5 percent of gross domestic product by 2020, a fraction above the target, to secure its second rescue in less than two years and meet a bond repayment next month.