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Airtel not affected by global slowdown
Telecom company Airtel today said it is not affected by the global slowdown as the sector still had growth prospects and that the recessionary trends are showing signs of ending in many countries.

Web Excl: Budget Expectations - Goods and Service Tax
Given that the proposed date of implementation of the Goods and Services Tax (GST) is April 1, 2010; a declaration regarding the design and architecture of GST is perhaps one of the most eagerly awaited announcements expected from the Finance Minister in the forthcoming Budget.

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IDBI Bank in pact with Maruti for car loans
State-owned, IDBI Bank has entered into a pact with Maurti Suzuki to provide auto finance to the latter"s customers.
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Ashok Leyland-Nissan JV may launch LCVs in 2011

The Ashok Leyland (AL)-Nissan joint venture is likely to roll out light commercial vehicles (LCVs) by 2011, a company source said today. - Honda to introduce electric vehicle in US in 2010 - Surajeet Das Gupta: India's still the low-cost haven">Surajeet Das Gupta: India's still the low-cost haven - Ashok Leyland in pact with Belgian company - Ashok Leyland: No recovery yet - Sical in JV with Japanese firm - Electric cars to be 10 per cent of demand: Nissan This would be Ashok Leyland"s maiden foray into the LCV sector, which is growing at a higher pace than medium and heavy commercial vehicles segment, the source told PTI. The LCVs would be manufactured at the company"s plant in Chennai, with a capacity of 1.5 tonnes. AL is the market leader on the medium and heavy commercial vehicles front with a market share of around 20 per cent. The eastern region contributes a significant portion of the company"s total sales, the source said. Referring to the bus business, AL is the market leader with a 57 per cent market share. With the JNNURM project, bus sales would get a big boost, the source added. The company had also bagged more than 50 per cent of the total JNNURM orders for buses in metropolitan cities.


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