Mumbai: The rupee inched towards a nine-year high today, as dealers purchased the local unit on expectations for capitalists flows into the securities market, though worries about the fallout from the U.S. mortgage market restricted advancements.

At 9:45 a.m., the rupee stood at 40.69/70 a dollar, mounting from its previous close of 40.79/80. It beat a nine-year record of 40.20 in July.

New Delhi: Auto market head Maruti Suzuki thinks that the Rs 1-lakh car projected by Tata Motors is more a threat to two-wheeler makers than car manufacturers.

While addressing stockholders at its yearly general meeting, the company emphasized that a broader product range and new investments will push Maruti’s enlargement in Indian market.

Ahmedabad: Hutch has crossed the 50 lakh subscriber mark in Gujarat. Now it plans to invest around Rs 1,000 crore in the State during the existing fiscal (2007), as part of its growth plans.

Last year, the cellular services supplier invested Rs 330 crore in the state that contributes one-seventh of the total earnings of the company in India.