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PowerGrid to float overseas subsidiary by early 2011
Powergrid Corporation of India Ltd (PGCIL), India’s largest power transmission utility, is set to float its overseas subsidiary by early next year. The move is aimed at opportunities outside the country.

'Varsities not to be controlled remotely'
Union minister for human resources development Kapil Sibal on Monday said the university education system in India was set for a major change to promote the habit of research on their own. Congratulating winners of the Infosys Prize 2009 instituted by Infosys Foundation via video conferencing from Delhi, Sibal said the government was taking steps to maintain independence of the universities so that they could not be ‘controlled remotely by any one’.

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India won't be deal-breaker at Copenhagen: Sarkozy
Sharing India"s views, French President Nikolas Sarkozy today said the upcoming Copenhagen meet on climate change should not miss the opportunity to tackle the problem as it would be a "historic failure" and asserted that New Delhi will not be a deal-breaker.
Home Business

Fiat takes Tatas' help to develop small car for India

Italian auto maker Fiat today said it is taking help from its partner the Tatas in developing the small car, which it plans to launch in India by 2012. - 10,000 units of Linea sold since January: Fiat India "Tatas are our front-end partners in distribution. So we are taking a lot of help from them in taking customer feedback and understanding their needs so that they can be incorporated into the small car," Fiat India Automobiles President and CEO Rajeev Kapoor told PTI. The technical development of the car, however, is being done by Fiat in Italy, he added. In 2006, Fiat and Tata Motors have formed a 50:50 joint venture — Fiat India Automobiles — under which the the Italian firm sells its products through the distribution Network of its Indian partner, while sharing its manufacturing facility at Ranjangaon in Maharashtra. The foreign auto major had yesterday announced that it was developing a small car at its home ground to cater to the Indian market. "The small car is expected to be launched in India by 2012 and it will be manufactured at our Ranjangaon plant," he said. Kapoor said the car could be similar or smaller than its existing hatchback Palio. Asked if the car will be sold only in India, he said it is too early to say but exporting to other similar markets like India cannot be ruled out.


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