India Business

Audi to have 40 models by 2015; to launch its Q3 SUV in 2011

Audi to have 40 models by 2015; to launch its Q3 SUV in 2011 Audi will literally on a roll over the next few years - what with more than 40 of its models to be in the markets by 2015; and the new models to be lined up for their respective launches, one following the other! By this year-end, 32 Audi models will be available, inclusive of the lately-launched A4 Allroad, A5 and S5 Cabriolet, TTRS and the R8 V10.

JK Tyre to focus on OTR Segment; sketches investment plan worth Rs 270 crore

JK Tyre to focus on OTR Segment; sketches investment plan worth Rs 270 croreJK Tyre & Industries, a leading automobile tyre manufacturer, sketched an investment plan worth Rs 270 crore for expanding its production capacity of off-the-road (OTR) tyres by 2011.

The company currently has 42 per cent share in the 95,000-units domestic OTR market in the country, which are used for application like mining and excavation.

Standard Chartered Bank to raise $1 billion through IDR

Standard Chartered BankStandard Chartered Bank plans to raise at least $1 billion through an Indian Depository Receipts (IDR) issue in the local markets.

According to latest reports, the lender has already appointed JM Financial and UBS AG as lead managers for what could be the first IDR issue by a global player.

Apart from this, the bank has also appointed Goldman Sachs, Bank of America and Kotak Mahindra to manage the issue.

Sensex climbs to a six-month high at 11,329.05

Sensex climbs to a six-month high at 11,329.05Mumbai, Apr 24: The Bombay Stock Exchange benchmark Sensex on Friday climbed to a six-month high at 11,329.05.

The Sensex, which touched the high level of 11,362.88 during the day, ended with a gain of 194.06 points at 11,329.05.

The National Stock Exchange’s Nifty also rose by 57.05 points to 3,480.75.

Daily trading on the BSE increased to 5,723 crore rupees from 4,743 crore rupees in the previous session.

Top dignitaries meet to decide about new chiefs of AI, AERA

Air IndiaIndia's national carrier, Air India, and the recently-created Airport Economic Regulatory Authority, AERA, will likely have new chiefs named on Friday, after a high-profile meeting - under the chairmanship of Cabinet Secretary K M Chandrasekhar - takes a decision regarding the persons to be at the helm of affairs of the two organizations.

Other known dignitaries to participate in the top-level meeting include Prime Minister's principal secretary TKA Nair, civil aviation secretary M Madhavan Nambiar, and public enterprises selection board chairman Naresh Narad.

Energy Trading Update and Market Outlook: Nirmal Bang

OPECU. S. crude futures were steady under $50 a barrel, after finishing up the previous day as a fall in the dollar and stock market gains boosted oil prices.

Natural Gas with almost more than double built as compared to last week’s data and hit lower freeze on MCX and price remain under pressure.

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