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DaimlerChrysler to buy 26% in Sutlej Motors

 DaimlerChrysler AG of Germany has taken a call option to buy 26% in Jalandhar-based bus body builder Sutlej Motors. The proposal was recently cleared by the Foreign Investment Promotion Board......

6 Indian companies storm Fortune 500 list

 The India storygot stronger on the global arena with the country expanding its presence on the elite list of Fortune Global 500 companies, as theState Bank of India has become the sixth domestic......

GM to source auto parts worth $1 billion from Indi

 General Motors Corp. plans to source $1 billion worth of automobile parts from India each year by 2008 as part of cost-cutting measure at the world's biggest automaker, a senior executive at its......

Car sales up 31.2% in Oct

 Car sales surged by 31.2 per cent in October 2004 for the seventh consecutive month this fiscal spurred by low interest rates and launch of a spate of new models. A total of 73,770 units were sold......

International Truck and Engine Corp plans India fo

 The $5.6 billion US-based International Truck and Engine Corporation is planning a foray into the fast-growing domestic commercial vehicle market.Sources familiar with the developments told......

Williams sign up to Ecclestone's F1 plan

 Bernie Ecclestone's plans for the future of Formula One received a major boost on Wednesday when former world champions Williams confirmed their support. Williams join Ferrari, Midland/Jordan, Red......

Ecclestone settles dispute with banks

 A group of three banks has wrested control over the companies controlling Formula One's commercial rights from supremo Bernie Ecclestone, the German state bank BayernLB said.In a settlement agreed......

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