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Military aircraft maker, Boeing said that Indian government may buy another 10-12 C-17 transport planes of Boeing in the coming time.

Already deal for buying 10 aircraft has been signed said Christopher Chadwick, president of Boeing military aircraft to Reuters.

Boeing is the second biggest defense contract in US and has seen a strong increase in demand for its C-17 planes. These planes were used heavily in the wars in Iraq and Afghanistan and were considered to be fully efficient.

Again, Indian indices traded in a small range, oscillated above and below the dotted line, finally closed flat to positive. SENSEX closed at 17955, up 46 points and Nifty at 5393, up 15 points from the previous close. CNX MIDCAP index was up 0.54% and BSE SMALLCAP index was up 0.66%. The market breadth was positive with advances at 725 against declines of 546 on the NSE. Top gainers are listed as TCS, TATAMOTORS, ICICIBANK, RCOM, ONGC, HCLTECH and KOTAKBANK while top losers included M&M, HDFCBANK, RIL, HDFC, JSPL, GAIL and AMBUJACEM.

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Operating in times where the hatchback segment is already very crowded with several offering, Nissan has decided to take the BTL route in order to promote its recently launched model Micra in the Indian market. Under the recently launched activity, Nissan Motor India Private Ltd (NMIPL) announced a unique promotional campaign for the Micra in association with Fever 104 FM for Delhi, Mumbai and Bangalore.

While the RJs Anurag Pandey and Karan Singh will conduct their shows traveling in Micra, it is to be mentioned here that the campaign will run from Monday, July 19 to Friday, July 23, 2010.

Tractor major, Mahindra & Mahindra (M&M) has surely been one of the strongest players in the Indian tractors market and the company is expecting to continue it’s dream-run on the Indian market.

In fact, the company is eying a significant increase in its market share this fiscal on the back of an enhanced demand for its products in the domestic circuit.

While the small wonder has been the love for many Indians since the product was launched by Tata Motors but the government is thinking of making the product as a replacement for auto rickshaws in various parts of the country.

Transport minister R. Ashoka recently said that the government is considering a proposal of buying 10,000 units of the Nano and renting them out in Bangalore.

The minister further pointed out the fact, that while the ratio of profit will be divided among the driver and the government in the ratio of 60:40, respectively.

After the market leader Maruti Suzuki clocked a million units in the last fiscal, the home-grown auto major, Tata motors will be joining it soon.

There is no denying to the fact that as Tata motors manufactures products in a range of segment unlike the case with Maruti Suzuki that it limited to passenger cars, a widely-expected ramp-up in the production of Nano will catapult Tata Motors and pitch it to a point to reap benefits of economies of scale.