The small car project issue is complicating day by day with neither party willing to change its stance. There were some hope two days ago, when an agreement was announced to break the impasse over Nano project at Singur.

Both Trinmool congress and state government were agreed on the deal evolved after meeting, but TATA expressed displeasure over the deal and separated itself from it.

Hamburg - BMW plans to include in its range by 2015 a "megacity" car more suited to crowded urban streets than to the open road, the German company's chief executive, Norbert Reithofer, said in an

Rasna, the largest manufacturer and exporter of beverages and process foods from India, has decided to enter into instant tea segment.

This is the first time, the company well-known for its fruit and concentrated drinks, is venturing into the instant tea segment. The company plans to launch its 'Bollywood Chai' in global markets, including the US, the UK, Singapore and Australian market in shortly.

Presently, the company is carrying out market surveys in the UK, Singapore, Australia and other countries having a substantial section of people of Indian origin.

Hyderabad-based Four Soft has signed a contract with Adelantex, a belgium based freight forwarder and customs agency, for implementing 4s ecustoms PLDA software.

Adelantex has already been a client for Four Soft for several years now, using 4S etrans SME to support its freight forwarding operations.

Four Soft's 4S etrans SME is an internationally acclaimed standardized system for the logistics providers.

Punj Lloyd, one of India's leading engineering companies, has informed that its wholly-owned Singapore subsidiary, Punj Lloyd Pte. Ltd. has been awarded a contract worth S$54 million (Rs 167 crore) by FWP.

As per the order, Punj Lloyd will carry out select utilities mechanical works on Jurong Island, Singapore.

FWP is a joint venture between Foster Wheeler Asia Pacific and Worley Parsons.

Rajish Dhall, technical analyst at Observe Securities has advised the investors to remain invested in the counter.

Offenbach, Germany - Honda issued more details in Germany on Tuesday of its hybrid car, the Insight Concept, which it plans to unveil at the October 4-19 Paris motor show.

The Japanese company said in Offenbach near Frankfurt that the Insight Concept was aimed at families and would be the first of three new hybrid models to be launched over the next four years.

Fuel-saving hybrid drives are a combination of a small internal- combustion engine and an electric motor.