The leading automobile manufacturer Mahindra & Mahindra is planning to develop its two wheeler business. The company will expand the business with the help of global alliances and acquisitions with suitable companies.

The company had already acquired Kinetic Motors in last month.

India’s top car manufacturer Maruti Suzuki India Ltd is all set to unveil its ‘A-star’ model in the local market by the next month (October 2008).

A senior company official said that the company will begin exports by December 2008.

It is also learnt that initially, the car will be exported to the European markets.

Maruti Suzuki India Ltd has also decided to increase local research and development (R&D) for small cars to 90%.

The US Food and Drug Administration (USFDA) has given final approval to the US-based Zydus Pharmaceuticals, a subsidiary of Zydus Cadila to promote Ramipril capsules, in different potencies including 1.25 mg, 2.5 mg, 5 mg and 10 mg.

Ramipril is an angiotensin-converting enzyme (ACE) inhibitor, which is used for treating high blood pressure and congestive heart failure.

Moreover, it is a prodrug and is converted to the active metabolite ramiprilat by liver esterase enzymes.

The Reliance family is not satisfied with the terms of family memorandum of understanding (MoU). The Anil Ambani-controlled Reliance Natural Resources Ltd (RNRL) is planning to produce it in the Bombay high court. The family memorandum of understanding (MoU) was signed in 2005 and it is basis of the partition of the Reliance group.

Reliance Natural Resources Ltd and Mukesh Ambani’s Reliance Industries Ltd (RIL) are fighting with each other on Krishna-Godavari (KG) basin gas finding issue. A two-member bench of the Bombay high court directed to produce the document to check its legality.

Tata Motors will use a unique method to aggregate around Rs 4,200 crore. It will collect the money through two simultaneous and unlinked rights issues. The share holders of the company would be benefited by giving one share of both the issues for every six shares. The terms for right issues were cleared in the meeting of the Committee of Directors of the company on Tuesday.

An ordinary share would be issued at a price of Rs 305 per share of the face value of Rs. 10. It will help to aggregate Rs 1,961 crore for company.

Tata has fed up with the stiff agitations and violent demonstrations against its project at Singur. It has sent strong signals to the state government about the relocation of its small car project plant.

Tata is manufacturing world’s smallest car at Singur plant, which is expected to come in the market in next month. But, due to protests of various political and social groups the much awaited Tata cheap car ‘NANO’ may take more time to enter in the market. Some political parties are demanding back of the 400 acres of land which is acquired by state government for this project. TATA has already spent about Rs15bn ($338m) on the plant.