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Apollo arm signs MoU to help intellectually-challenged athletes
Lifetime Wellness Rx International Limited, an Apollo Hospitals group company, and Special Olympics Inc (SOI), an organisation founded by Eunice Shriver (sister of late US president John F Kennedy) signed a memorandum of cooperation to improve the health and well-being of those with intellectual disabilities in India.

Srei Infra to raise up to $200 mn through ECBs
The country’s largest power generator, NTPC Ltd, will be officially powering the Commonwealth Games being held next year. It has got marketing rights for the games that will held in New Delhi next year, in return for a Rs 50-crore sponsorship.

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State to test RBI's new formula for financial inclusion
Encouraged by the success of a pilot to implement the smart card-based electronic benefit transfer (EBT) system on “one district, many banks” model in three districts of the state, Karnataka has shown interest in implementing the scheme in another three districts on a “one district, one bank” model.
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Bajaj Auto mulls assembly plant in Brazil

Bajaj Auto is planning to set up an assembly plant in a free trade zone in Manaus in Brazil next fiscal. - Volkswagen starts sourcing auto components from India - Ashok Leyland Sept sales decline 11.86% - BMW to launch Z4 - Civic duty - Electric shockers - Bajaj Auto sales rise 14% in September "We are looking at setting up an assembly plant at a place called Manaus in Brazil in FY"11. It is a Free Trade Zone," Bajaj Auto"s vice chairman, Madhur Bajaj, told reporters here today. The company is in the process of studying the site and working out financial details, Bajaj said. He did not specify if the auto major was seeking a partner. The country"s second-largest two-wheeler maker operates an assembly plant in Indonesia. It has been mulling setting up of its plant in Brazil for over six-years now. Bajaj said, "One of our distributors has already set up a plant in Egypt. They are also looking to set up plants in Nigeria, Iran and Colombia." The company may also take up expansion of its facility at Waluj near Aurangabad, where it manufactures the Kawasaki range of motorcycles and three-wheelers. "We have a lot of land in Aurangabad, which has scope for very major expansion. It is likely that (production of) commercial vehicles would go there," Bajaj said. Bajaj said expansion and upgradation, however, depended on how demand shaped up. "Demand has been going up but a lot also depends on government policies and whether banks ease the norms for two-wheeler financing," he said. Bajaj Auto had reported a 14.62 per cent increase in its motorcycle sales at 2,49,133 units in September. The company had sold 2,17,365 units in September last year. This is significant as the auto major"s cumulative motorcycle sales during the first six months of this fiscal were down by 3.37 per cent at 10,82,368 units. The company currently exports to over 30 countries in Latin America, Africa, the Middle-East, South and South-East Asia. Exports account for one-third of the company"s total production, Bajaj said.


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