TopNews

The French car maker, Renault is making a re-entry in the Indian market with launch of Fluence sedan. Televisions have already begun to promote the car through modern advertisement. The Renault Fluence model will come in both petrol and diesel version in the Indian market.

Even before the launch of car it has given competition to Honda Civic, Toyota Corolla Altis, Chevrolet Cruze and Skoda Laura. The car targets rich people as it is expensive and luxurious. The classy ads shown on the TV will make one crave to buy the car.

It has been revealed in a recent report that the construction giant Birla Corp is of the view of increasing their production capacity for cement. This has come as a recent development, including a number of other reforms that are in line for the firm. They have also decided to invest a sum of Rs. 35-40 bn for the purpose of further expansions in the business in the next few years to come.

In order to stay in the competition, Toyota will have to compete against some of India’s biggest leaders like Swift, Ritz from Maruti Suzuki and Tata. It has been gradually making its way in to the India market, seeking to make a bigger impact.

Toyota has plans to gain bigger presences in the market. The 1200cc petrol-engine will be one of Toyota’s ways of finally getting noticed. There were earlier plans to launch the Liva in April but the company decided to postpone it for 2 months. They are hoping to sell 20,000 units of Liva and 20,000 Etios units in one year.

New Zealand Prime Minister, John Key hopes to finalize the proposal for free trade that is being made with India by March of next year. Key is on a three-day visit to India to finalize the process. He is hoping to have it signed by March 2012, but it will also depend on the agreement with India’s Prime Minister.

The Tata Motor’s of India had appealed in Supreme Court on the issue of the land the company bought to prepare its manufacturing unit of Nano car. The government of West Bengal had asked the leading car manufacturer of the country to return the land to the farmers of Singur. The unit was half built and the project was stopped half way, which was further deserted by protesters.

The Idea Cellular Ltd. was planning to legalize 9,000 telecom towers which it owned individually and not in collaboration with Bharti Airtel Ltd. The Indian section of U. K.'s Vodafone Group Plc, predicted that the legalization of these towers was going too result in an earnings of 54 billion rupees, which would help the company clear off all its debts.