With the aim to strengthen its presence in the Indian market, Skoda, a Czech automobile maker and part of the fourth most established automotive company in the world, has decided to launch four new models by the coming year.
The company said that it will make foray into the small car, MPV and SUV segments with its new launchings.
Moreover, Skoda plans to increase local content in its cars to bring down their cost of production by 2010.
It is also looking to terminate the Octavia by the next few years.
New Delhi - With business shrinking in face of a global economic downturn, Indian outsourcing major Infosys has sacked 2,100 employees, and described them as "poor performers," news reports said Saturday. "Some of these employees have been asked to go while some have left on their own," V Balakrishnan, chief financial officer of Bangalore-headquartered Infosys was quoted as saying by the PTI news agency.
Industrial Development Bank of India Limited (IDBI) a leading public sector bank, has revealed its plan to raise capital worth Rs 5,000 crore through senior, upper and lower Tier II bonds in 2009-10. 
As per the reports by Business Standard, Aircel Cellular is working on plans to expand its presence in India, proposing to put in a $5 billion investment over the next three-year period. 
Suven Life Sciences, a Drug Discovery and development company, has finished the phase I clinical trial for its new molecule, SUVN 502 in healthy volunteers.
ABB, a leader in power and automation technologies, on Wednesday announced the opening of its greenfield automation products facility near Bangalore. 
