Singur: Nirupam Sen, West Bengal Minister for Commerce and Industry said that Tata Motors is all set to roll out 2.50 lakh units from the small car project by the coming year (2008), and the production capacity is expected to reach 3.50 lakh in the next few years.

Mr. Sen told a CPM public meeting in Singur, “I hope that next year, the first year of its production, 2.50 lakh small cars will roll out of the Tata Motors project here and the figure will reach 3.50 lakh in the coming years.”

Kolkata: A CIL top functionary stated that the coal ministry has nailed down the new coal distribution plan that would be brought out by next week with a few modifications in the e-auction method.

Partha S Bhattacharya, Coal India Ltd chairman said that the administration is scheduled to reveal the fresh coal sale policy within a week.

This will reinstate e-auction of coal after it was banished since December 2006 accompanying exploitation and emergency of coal for core segments. At present, e-booking is followed up to sell coal in the open market by CIL.

Chandigarh: Anticipating 15 per cent growth in auto sales, Honda Siel Cars India stated that it aspires to sell 70,000 cars in the existing fiscal (2007) as against 60,000 cars sold last year in In

New Delhi: German multinational Deutsche Bank is looking to expand its footmark across major cities in India.

The bank has applied for authorization with the Reserve Bank of India for opening up five more branches in the country.

According to WTO obligations, RBI permits foreign banking institutions to open maximum of 20 branches a year.

The source said, “The bank has done exceedingly well since its re-entry into India two years back. To provide the much-needed visibility to their banking operations, it has applied for license with the RBI to open five more branches in India.”

The Indian Rupee remained firm against the US Dollar on Sep. 14, 2007.

To leverage its record for loan syndication and technology, Chennai-based Indian Overseas Bank (IOB) is thinking about a coalition with other banking institutions.

SA Bhat, chairman and managing director, said, “I have approached some banks but it is still in the formation stage. We are looking at banks with a business size of Rs 50,000-1,00,000 crore with reach in states like Gujarat and Maharashtra where we don't have that many branches.”