Company Updates

NAL to develop 70-seater civilian aircraft

Bangalore, June 26: The Bangalore-based National Aerospace Laboratories (NAL) will design a 70-seater passenger aircraft at a cost of approximately Rupees 20.35 billion.

Hyundai chairman babysits instead of being imprisoned

Seoul - The chairman of Hyundai Motor Co has been cleaning rooms and feeding and bathing abandoned babies at a Catholic welfare centre as penance for his embezzlement conviction.

Idea to buy 41% stake in Spice Communication for Rs 2176 crore

Aditya Birla group's Idea Cellular has informed that it would buy 40.8 per cent stake in Spice Communications, for Rs 2176 crore or at Rs 77.3 per share.

Mercedes plans production of electric Smart

Sevilla, MercedesSpain - Mercedes is planning to produce a "s

Mitsubishi Lancer Sportback launch in Paris

Tokyo - Mitsubishi Lancer SportbackThe Mitsub

BMW shows GINA concept with textile fabric skin

Munich - BMW has presented the GINA design concept with a seamless outer skin made of textile fabric instead of metal in line with the opening of its ultra-modern museum in the heart of Munich.

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