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It has been reported that the British Airways and Iberia are on the course for merger. The aviation majors have signed a definitive merger agreement and now both firms will act together to resolves several operational issues.

They have unanimously decided to take steps to reposition themselves in the global airline industry by creating a fresh force. It has been informed that the deal is still under process and soon to be officially confirmed.

India's largest automaker, Maruti Suzuki is expected to launch its new WagonR for the Indian consumer by the end of the April 2010.

Notably, the company has invested a mind-boggling Rs. 290 crore in upgrading its much-popular hatchback WagonR that will be rolled out from a new platform from its plants.

In fact, the company has already stopped the manufacturing of the Duo variant of the WagonR which supports both the LPG and the Petrol mode.

Mirvac has decided to sale its unlisted Mirvac PFA Diversified Property Trust to Brisbane-based Australian Property Growth Fund (APGF). Market experts believe that the company may have taken such steps to rationalize its portfolio. Mirvac has raised $350 million through an institutional placement to help fund future acquisitions.

The APGF deal came just after that. However the terms of the sale has not been disclosed yet. The managing director of Mirvac, Nick Collishaw has expressed his contentment on the deal.

Mortgage rate is heading to touch such a disappointing double digit figures. Market experts have warned that the interest rate of the country may touch 10% by this year.

This has been predicted as the Reserve Bank is too increasing rates to prevent the hike in inflation. Economists have informed that the nation is under serious threat of the inflation issues.

The price of the commodities have gone up and at the same time rapidly rising employment have created pressure on the RBA while dealing with such matters.

On the one end, the competition has decided to take on Maruti's bread-and-butter, the hatchback segment while on the other Maruti Suzuki is perhaps is moving up the segment and will be exporting Kizashi as a CBU model from Japan that the company unveiled in the 10th auto expo in January in the Capital.