Sensex up 41 points on rate cut hopes
are expected to be launched between June and August, at least starting with Mumbai, New Delhi and Jamnagar, vendors in discussion with the company said.
Norway's Telenor is unlikely to bid in an auction for mobile licences in Mumbai unless India halves the fee, its Chief Executive Jon Fredrik Baksaas said on Friday. AUTOS
Maruti Suzuki India Ltd has purchased the land for its fourth plant in India, with a view to roughly doubling annual production capacity to about 3 million units, the Nikkei business daily said on Sunday.
Ashok Leyland Ltd is hoping to raise around 5 billion rupees by offloads stakes in some of its subsidiaries as well as IndusInd Bank Ltd, chief financial officer K Sridharan told analysts.
AIRLINES
Jet Airways (India) Ltd will sell a 24 percent stake to Etihad Airways for around $300 million, according to two people close to the development, neither of whom wanted to be named.
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