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Tata Global Beverages Ltd, formerly known as Tata Tea Ltd is facing tough times because of the slump in the global tea prices. They are facing not only decreasing tea prices in the international markets but also on the domestic front.

The reason for this fall is the strong flush of tea supply in the market by tea from Assam.

The home-grown tyre manufacturer, Apollo Tyres is currently on an expansion spree and the company has recently said that it will be investing Rs 1100 crore this year in its 9 plants in India and abroad.

Apollo Chairman, Onkar S Kanwar recently said that the company is currently looking at various countries for expansion and depending on raw material availability and expansion of market, a decision would be taken. It has been learned that the company is focusing on Asia as a continent for its expansion in the current year.

On Friday, the Unique Identification Authority of India (UIDAI) gave contract to three IT-related companies for making UID contract.

Two of the companies are Indian while one is a US-based firm. The names are Accenture, Mahindra Satyam-Morpho and L1 Identity Solutions.

UID is the implementation of the core biometric identification system and is put under the name of 'Aadhaar' program.

While the Detroit giant has kept the price of Volt as a secret for a very long time, the American auto major has recently revealed the price of the model that will cost for 40 miles on battery power without using gasoline, at $41,000 before a $7,500 federal tax credit.

It has been three years since GM unveiled its concept of Volt but it is to be mentioned here that the price hinted by the executives is higher than the starting price of $32,780 for the Nissan Leaf, a fully electric car that goes on sale in December.

Moreover, the price of Toyota Prius, the popular hybrid car, is $23,560 to $35,000, depending upon options.

The home-grown battery manufacturer, Amara Raja Batteries Ltd has recently said that its board has approved an investment of close to Rs. 530 million in expanding its capacity for developing batteries for four-wheelers and two-wheelers.

While the decision of expansion comes in the wake of the rising demand in the Indian market, the company plans to plans to increase capacity at its two-wheeler battery unit by 1.8 million units to 5 million.

The flagship company of the Hinduja Group, Ashok Leyland has recently said that the commercial vehicle will soon pick up a 26% stake in UK-based Optare.

While the move comes as an attempt by Ashok Leyland as a part of its strategy to expand into new markets, the company will be buying the stake in this bus manufacturer for close to for $7.5 million (about Rs 35 crore).

The company said in a statement that the deal will in a way help the commercial vehicle maker to expand its presence in new markets, accelerate technology, and to focus on new product development.