Hyundai Motor India Ltd (HMIL), the second largest car manufacturer and the largest passenger car exporter, has finally forayed into taxi car segment in Mumbai on Monday.

The company, during a ceremony held at Modi Hyundai dealership in Mumbai, has handed over about 30 cars of Hyundai's best selling model - the Santro under its first batch, to the Mumbai Taxi Union.

For its Indian operations, independent IT management software company CA has nominated Saurabh Srivastava as Chairman, effective from April 6, 2009.

Mr. Michael Christenson, President and Chief Operating Officer, CA made this declaration.

The 59th PTC India Ltd Board Meeting on Monday, April 5, was marked by the amendment of the decision taken by the company's board at the 57th meeting. The previous decision went thus: "subject to the approval of shareholders raising of funds up to Rs. 12 billion through the Qualified Institutional Placement - NCDs upto Rs. 4 billion; plus warrants of upto Rs. 8 billion."

Stock analyst Ashwani Gujral said that the stock markets have the potential to climb as higher prices draw more buyers.

Mr. Gujral also said that it is time to make entry in the stock market rather than being watchful.

Gujral said that as long as the Nifty is able to 3100–3150, the concluding objective could be seen around the 3700 mark.

TATA Motors has asked for 10 months time from the West Bengal Industrial Development Corporation to remove equipment from the mother plant situated in Singur.

WBIDC Managing Director, Subrata Gupta, said, "Tata Motors had written to WBIDC in November that it would require 10 months to remove the equipment from Singur."

The ambitious project of Ratan Tata was earlier planned at Singur but later shifted to Sanand in Gujarat due to stiff opposition by Trinamool Congress led opposition parties over land and compensation issue.