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Tata Motors is planning to invest around Rs 10,000 crore approximately in the coming two-three years on the further development.  This has been revealed by the company officials. The company has also informed that it will invest on its products, modernization of its facilities and other capex purposes.

It has invited the opinion and approval of shareholders on such decisions and has decided to expand its range of products.

It also plans to enhance its presence and popularity in markets on both domestic and global fronts.

The production of synthetic rubber has increased from its last record by 10%, which is equivalent to rising up to 1.06 lakh tonnes. This has been informed by the Rubber Board data.

The production had decreased by 9% in the previous fiscal which was down by 96,739 tonnes from its following fiscal.

During the fiscal year of 2009-10, the consumption of synthetic rubber had jumped to 3.4 lakh tonnes thereby making an 18.7% growth against a depreciation of 1.4% in the prior financial year.

The newly constructed terminal 3 of the Indira Gandhi  International Airport which was inaugurated by Prime Minister Manmohan Singh on 3rd July will be marked and celebrated by Emirates. The Emirates will fly the world's largest passenger aircraft Airbus A-380 on the Dubai-Delhi route as a one time special gesture on 15th of July.

The 517 seater superjumbo Airbus had earlier been flown here as a demonstration for Kingfisher Airlines. This time is for a goodwill gesture from the airline to celebrate the launch of T-3. The special cost which is being offered for the Emirates flight's return fare plus tax is Rs. 9,990.

Indian Sugar Mills Association (ISMA), the industry body of the sugar mills said that the sugar output this year is going to be better and thus raised its estimates.

The reasons are the favorable climate and more area sown this sugar season which runs from October and runs till the following September.

As against the earlier forecast of ISMA that said that 23 million tonnes (mt) will be produced in FY 2011, the figures have now been revised to 25 mt.

The government is going to be very cautious when it comes to allowing FDI in multi-brand retail outlets. This was said by the Department of Industrial Policy and Promotion Secretary R P Singh.

This is totally opposite to the kind of approach that is being followed in the defense sector.

Talking to a private news agency, PTI, Singh said, "We have left it (fixing a cap on FDI) open. Based on the response which we get from the stakeholders, we will take a view."

As the competition in the luxury segment is entering the next lap, the third largest player in the luxury car segment is well aware of the fact that getting the local content into the product gives a competitive edge to the company.

Notably, the German luxury car manufacturer, Audi has recently announced that the company shall be starting the assembly of the Q5 model in Aurangabad and in the Indian state of Maharashtra. Further the Q5 shall be the third product after the A4 and A6 that shall be manufactured in the Indian market.