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Popular Articles

Orissa, Jharkhand projects on course despite delays, says ArcelorMittal
Luxembourg-based Arcelor- Mittal, the world’s largest steel maker, has said it is pursuing its new project investments in India, despite minor delays.

Pranab may fall back on disinvestment for Budget: Economists
Finance Minister Pranab Mukherjee might have to fall back on disinvestment and other non-tax revenue sources while presenting the Budget for 2009-10 on July 6, economists believe.

News of the day

ABG exits Great Offshore race
In a surprise move, ABG Shipyard today exited the race to acquire Great Offshore and sold its 8.2 per cent stake to three financial investors. The ABG moves comes after seven months of intense rivalry with Bharati Shipyard through a series of competitive counter-bids.
Small Business

Mercedes-Benz India launches luxury bus

Automobile maker Mercedes-Benz India today launched its multi-axle luxury bus at a price of Rs 85 lakh in the domestic market. - Bull run - State transport agencies up luxury bus purchases - Merc eyes heavy duty truck segment - Volvo plans on double decker,vestibule buses - Mercedes-Benz India expects to sell 60% C-Class model in Gujarat - Mercedes to sell 100 units in eastern India The chasis of the three-axles vehicle will be made by Mercedes Benz while the body will be assembled by its Indian partner Sutlej Motors. The bus will be powered by a Euro III engine with six cylindres. Without disclosing the sales target for the vehicle, Mercedes-Benz India Managing Director Wilfried Aulbur said, "The momentum for 2010 semms to be good". The company launched its 2-axle buses in India in 2008 and has sold 25 units so far. The total market for two and three axle buses in the country is estimated at 800-1,000 units per annum. When asked about whether the company would introduce its buses with alternative fuels like CNG, he said, "We will take the decision based on the market demands.


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