TNM

Fastest and greenest HDD invented by Seagate

Ford to Invest $500 Million in India; Small Car by 2010

Ford India Pvt. LtdFord India Pvt. Ltd announced an investment of $500 million in India and introduction of a small car by year 2010. Ford, in India sells Ikon, Fusion and Fiesta cars, and the Endeavor sports-utility vehicle.

Michael Boneham, president of Ford India Pvt. Ltd. Said, "The Credit crunch and the lack of confidence has affected in the short-term." Mr. Boneham further added that the plans for new models of Ikon are on track despite the difficulties.

India To Export 2 MT wheat Owing To Problem Of Plenty

Agriculture Minister Sharad PawarAgriculture Minister Sharad Pawar, after meeting the farm ministers from South Asian countries, told reporters that "We have set aside two million tonnes of wheat that will be given to countries which have been asking for it through diplomatic channels."

Although India had banned wheat exports in 2007, analysts say that robust output and higher stocks at government warehouses have enabled India, the world's second-biggest producer, to set aside some wheat for overseas supplies.

Government Asks Hotels to Cut Room Tariffs To Encourage Tourism

Government Asks Hotels to Cut Room Tariffs To Encourage TourismThe global financial crisis has taken its toll on the Tourism Industry. At a meeting with the members of the Federation of Hotels and Restaurants Association of India (FHRAI), the Government suggested that hotels should slash their tariffs by 10 to 15 percent.

FHRAI Delegation comprised of 5 members namely Vivek Nair, Vice-chairman, Leela Group; Rajindra Kumar, Hotel Taj Ambassador, Delhi; Salim Sherwani, Sherwani Hospitalities Ltd; Dr. Sunil Gulati, Uttarakhand Hospitality and Major Harish Sud, Secretary general, FHRAI.

Indian Airline Defaults on Payments to GE

Indian Airline Defaults on Payments to GEThe Bangalore-based airline, Kingfisher has defaulted on payments to GECAS. Vijay Mallya's Kingfisher Airlines leased four airplanes from GE Commercial Aviation Services (GECAS). The US Company filed complaint against Kingfisher before the aviation regulator of India for nonpayments.

Tata Motors To Stop Production at Jamshedpur for 3 Days

Tata MotorsTata Motors, one of the largest automobile manufacturer in India, has announced closing of the Jamshedpur plant owing to a demand slump. A company spokesperson said, "About 95 per cent of commercial vehicles are purchased through financing. While we do not declare production rates, unavailability of finance, coupled with high interest rates, is forcing customers to postpone purchases."

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