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Financial services firm Religare Enterprises has announced that it plans to get hold of Citigroup India's home loan portfolio at just Rs. 500 crore, i. e. five per cent of Citi's total mortgage book. The Citi group has also agreed on this fact and soon there will be a buyout deal between these two firms.

Under a recent move to expand its presence in the heart of the nation, New Delhi, Mahindra FirstChoice has inaugurated its new authorized dealership in Lajpat Nagar, New Delhi.

Named as JKM Auto, located in the B-Block region of Lajpat Nagar IV, the dealership is spread across an area of 1,800 sq. ft with an additional parking area of approximately 2,500 sq ft providing convenience to the consumers. Notably, Mahindra FirstChoice is the India's largest multi-brand pre-owned car company.

Pratap C Reddy, the CII National Health Council chairman at the "Healthex 2010" show his concern for increasing the doctor-patient ratio and at the same time he also provide a  solution to this problem by offering a proposal of increasing the number of hospitals across the country.

He put stress on the need of world class medical institutions in India. He told that we need more hospitals like India Institute of Medical Sciences (AIIMS) in other parts of the country.

The BP vice-president Kent Wells expressed that the mounting pressure is pushing the group further and with more poise. Experiments further could be stretched beyond Saturday.

The new cap has directed to end the gush of oil for the very first time from 20th April explosion since then it has already killed 11 people.

The leak has been portrayed as the most terrible environmental tragedy in the US.

Ford's prime executive of Asia expressed on Friday that Ford Motor Co. vended more machines in India in the previous six months than in the preceding year 2009.

Ford's group vice president for Asia Pacific and Africa operations, Joe Hinrichs expressed that the auto maker's sales burst in Asia which is the third biggest market was mainly a result of sturdy demand for its latest sensation Figo the compact car.

Reliance Industrial Infrastructure ltd (RIIL) led by Mukesh Ambani announced that it has seen a 27 per cent jump in net profit for the first quarter of this fiscal year ending June 30.

While the company reported a decline in its net income the profits grew. For the quarter in question, income came down by 8.79 per cent. In money terms it stood at Rs 12.45 crore which is lesser than what it posted last year at Rs. 13.65 crore.