Automaker Ford India today unveiled a new compact utility vehicle 'Freestyle' that will hit the market by April this year.

Powered by a brand new 1.2 litre 3 cylinder petrol engine and five-speed manual transmission, the new model can generate a power output of 96 PS.

Mahindra & Mahindra has set a target of manufacturing 3,000 electric vehicles a month over the next two years and will invest up Rs 600 crore in a new plant for such vehicles, a top company official said.

"Right now, we are rolling out 200 electric vehicles a month. We are going to rev up this capacity to 700-800 monthly over the next four months," M&M managing director Pawan Goenka told PTI here.

Tata Motors expects demand for trucks to remain strong for the next two years on back of the improving performance of the core sectors, pick up in infrastructure projects and implementation of BSVI emission norms in 2020 that is likely to prompt transporters to advance purchase, said Girish Wagh, head of truck and business at Tata Motors. Truck sales in India - a proxy for economic activity, have been on a rise in eight out of nine months of the current financial year.

State-owned Oil and Natural Gas Corp (ONGC) on Wednesday said it has bought government's entire 51.11 per cent stake in oil refiner HPCL for Rs 369 billion.

In a regulatory filing, ONGC said it bought 778.8 million shares in Hindustan Petroleum Corp Ltd (HPCL) for Rs 473.97 per share.

Suzuki’s Hansalpur plant in Gujarat has emerged as the state’s largest manufacturer of cars in less than two years of it commencing operations. It has consequently also overtaken the Sanand unit of Ford and Tata Motors in volume.

The Hansalpur unit became operational in early 2016 with the production of Baleno, a bestseller from Maruti. The plant is now getting ready to manufacture the new Swift hatchback.

Global coal prices have been on a steady rise in the last few months, increasing cost pressure for thermal power producers in the country. This is happening as they struggle with lower offtake for the power they generate.

The price of 4,200 kcal/kg grade coal, which is a very popular grade bought by both India and China, has surged 33% to $49.25 per tonne as of Friday, compared with the start of 2017 when it was assessed at $37 per tonne, Platts data shows.

Indian industrial group Larsen & Toubro Ltd reported a 53 per cent rise in third-quarter profit, beating analysts' expectations, as new orders rose, mainly in the infrastructure and hydrocarbon segments.

Net profit rose to Rs 14.90 billion ($234.20 million) in the quarter ended Dec. 31, from 9.72 billion rupees a year earlier.

Mumbai: Shares of Reliance Communications (R-Com) on Tuesday jumped nearly 10.5 per cent after the company managed to narrow its consolidated loss to Rs 130 crore for the quarter ended December 2017.

The R-Com scrip gained 10.46 per cent, or Rs 2.85, to end at Rs 30.10 on the BSE. During the day, it rose around 19 per cent to Rs 32.40.

New Delhi: More domestic airlines could show interest in Air India, the soon to be privatized state-run airline, aviation consulting firm Capa said in its outlook for 2018-19.

“Up to four Indian carriers could express interest—Jet Airways, IndiGo, SpiceJet and Vistara,” Capa said in a report released in Mumbai on Tuesday.

With call drops still remaining a problem, telecom operators like Bharti Airtel and Reliance Jio on Tuesday assured the government that they will invest a total of Rs 74,000 crore in the coming fiscal to upgrade and expand their infrastructure. Telecom secretary Aruna Sundararajan, who held a meeting with the CEOs of the telecom firms, said they presented their analysis of call drops which showed that it has stabilised but other problems like fading of voice calls have increased due to various issues, including some mobile phones not complying with required certification norms.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.