Mumbai: P Chidambaram, Indian Finance Minister said that Indian currency (rupee) could go up more due to solid growth in the economy. The other reason for the appreciation is that the exporters need to become more aggressive in the world wide market.

The traders said that the statement pushed the Indian rupee to its firmest level in nearly a decade, but the suspected RBI involvement blocked the admiration.

While talking to the trade and industry associates at a conference, Mr. Chidambaram said, “With the economy growing at an average rate of 8.6 percent, the rupee is bound to strengthen.”

New Delhi: Bajaj Auto Limited (BAL) is continuously driving to attain more and more success in the auto industry.

It’s another achievement by Bajaj Auto, which has bought 14.5 percent stake in Euro-KTM Power Sports AG, the second biggest European sports motorcycle maker, for about Rs 300-350 crore.

The recent investment has been made through BAL’s wholly-owned subsidiary Bajaj Auto International Holdings BV, Netherlands. Baja Auto will also be looking for another 5-10 percent share in the company (Euro-KTM Power Sports AG).

The company sources also told that BAL may also get a place on the KTM panel

Chennai: The India’s Flourishing Auto Maker and the Leading Exporter of Passenger Cars – Hyundai Motor India Limited, at the launch of Hyundai’s compact car, i10, announced that it would continue t

Electrical and metallurgical engineering company, Apar Industries has decided to sell its polymer division to France-based Eliokem for Rs 111 crore, subject to regulatory approvals.

DG2L Technologies is all set to bring out its entry-level Set Top Box (STB) ‘N100’ in the Indian market.

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