Ratan Tata, chairman, Tata Engineering and Locomotive Company, has suggested a project to build an Asian car by joining hands with neighbouring countries. He said the Asian car will be a challenge and opportunity for the auto components industry as it will be a partner in the project. The Tata Engineering and Locomotive Company's small car Indica has been sent overseas for market evaluation. The car is being test-driven in the US and South American countries. Telco expects that Chrysler may be interested in the car to fill in the gap for the carmaker's B class or upper end of the small car segment.
Initial evaluation reports from Detroit, sources said, are positive.
A subscriber availing of the scheme can get the card for Rs 1,000, which will include airtime of Rs 900. The card can be used till 15 November. Calls on this card will be charged at Rs 12 per minute and there will be no activation and supplementary fee. The Industrial Development Bank of India has agreed to sell 1,68,926 shares of Raasi Cements at Rs 300 per share to two investment companies belonging to India Cements - Sowdambika Finance and Investments and Sivassundar Finance and Investments. The company has recently launched Carofit, an antioxidant with natural carotenoids and micronutrients.