On Friday, the country's leading passenger car maker, Maruti Suzuki announced that it had started to export its newly launched small car A-star to Europe.

M.M. Singh, the company's managing executive officer (production) informed, “This dispatch of first consignment of A-star from Gurgaon railway station is a quantum leap for Maruti Suzuki towards the company's future as a small car manufacturing hub for Suzuki, Japan.”

The first batch of A-star exports has left in an especially designed wagon from the Gurgaon railway station for Mundra port in Gujarat.  

India's largest steel maker Tata Steel is forced to extend the deadline for commissioning the first phase of its steel plant in Vietnam. The project has been delayed due to the problems with land acquisitions in the special economic zone where large number of companies are setting up their projects.

Indian IT services provider Wipro Technologies has decided to acquire Citigroup’s arm, Citi Technology Services, the technology and infrastructure outsourcing arm of Citibank for an all-cash offer of $127m.

Founded in 2005, India-based Citi Technology provides IT services to the Citigroup entities in more than 32 countries. The company provides critical technology infrastructure support, development and deployment of strategic software applications in the BFSI domain.

India's second largest real estate firm, Unitech has terminated the services of about 10 percent of its employees, following the slowdown in the industry. The reality sector is facing the heat of the global financial turmoil and is applying many cost cutting measures to mitigate its impact.

Fortis Healthcare would raise funds with rights issue by the end of June 2009. The company board has approved the plan to raise Rs 1,000 crore. The funds would be used for debt adjustments and further expansion of the business. Significant parts of the fund would be used for the proposed Medi-City project in Gurgaon. Fortis would also upgrade its existing facilities and explore more investment opportunities in the market. The company currently has 23 hospitals and wants to add more by 2012.

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