Telco Construction Equipment Company (Telcon), a leader in the construction equipment sector in India, has signed an agreement to acquire controlling stake with 60% equity of Comoplesa Lebrero SA o

UK-based Ultra Motor Company has pulled out of a technical collaboration with the Hero Group for which they had together formed a joint venture company, Hero Ultra Pvt. Ltd.

Stuttgart - Germany's Daimler AG reported record car sales for the first quarter of 2008 despite rising oil prices that have made driving more expensive.