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Germany-based auto component maker Robert Bosch on Monday inaugurated a new Research & Technology Center (RTC) in Bangalore and announced its plans to invest Rs 1,200 crore in India.

Peter Tyroller, a board member of Bosch said the company was committed to expanding and strengthening its footprint in Indian as the Asian country continued to play a pivotal role in the Bosch Group's growth.

Global rating agency Fitch is more optimistic about India's fiscal policies and overall economy compared to last year, Economic Affairs Secretary Arvind Mayaram said.

Representatives of Fitch on Monday met senior finance ministry officials, including Mr. Mayaram, to review the country's economic scenario.

After the meeting, Mr. Mayaram said the rating agency was concerned over Indian banks' non performing assets (NPAs) but he added that the agency was satisfied on the economy's overall macroeconomic situation.

The Government on Monday announced a cut of around 3 per cent Aviation Turbine Fuel (ATF), thanks to the combination of softening international rates of the fuel and appreciation of the rupee.

The Indian Oil Corp (IOC), the country's largest fuel retailer, confirmed that the price of jet fuel was cut by Rs 2169.13 per kilolitre (2.8%) to Rs 74,072.20 per kiloliter in the national capital.

Jet fuel prices at different airports vary due to difference in local sales tax or VAT. In Mumbai, ATF now costs Rs 76,524.33 per kilolitre, as against Rs 78,783.83 per kilolitre previously.

Wellington, Feb 4 : The man charged with injuring New Zealand cricketer Jesse Ryder in an alleged assault at a Christchurch bar 10 months ago is seeking to have the case dropped because of pre-trial publicity.

The 38-year-old defendant faces a charge of injuring Ryder with reckless disregard for his safety.

Last year he elected trial by jury and the case has been progressing through the pre-trial process.

The stay application was heard by Judge Brian Callaghan in the Christchurch District Court today.

Chennai, Feb 4 - Japanese auto major Nissan Motor Company hopes to clock 50 percent of its sales volumes from its Datsun models in India, a senior company official said.

"Datsun will account for 50 percent of the total Nissan's sales in India," Toshiyuki Shiga, vice chairman, Nissan Motor Company said at a company function to commemorate the rolling out of the Datsun Go model near here.

He said the customers of Datsun want more value for money without compromising on vehicle features.

Just a few days after raising the quota of subsidised LPG from 9 cylinders to 12, the government gave another big respite to consumers by slashing the prices of compressed natural gas (CNG) and piped natural gas (PNG).

The government on Monday announced a cut of Rs. 15 per kg, or nearly 30 per cent, in price of CNG. The price of PNG was slashed by Rs. 5 per cubic metre, or nearly 20 per cent.