Home-grown automaker Tata Motors is revamping its product strategy for the passenger car segment to safeguard itself from competition coming from technology giants such as Google and Uber.

The company plans to launch two modular platforms and gradually phase out six existing platforms. While many of the products from the current platforms will be also phased out, some of will be transferred to the new modular platforms to be launched in 2018. This has put a question mark on the future of Nano, the much talked-about small car that failed to generate volume.

Aiming to enhance quality and improve efficiency of the Engineering Education System, a Financing Agreement for IDA credit of $201.50 Million was signed with World Bank for the 'Third Technical Education Quality Improvement Programme' (TEQIP III) on Wednesday.

The Agreement was signed by Raj Kumar, Joint Secretary, Department of Economic Affairs, on behalf of the Government of India and Junaid Kamal Ahmad, Country Director, World Bank (India) on behalf of World Bank.

MUMBAI: The Budget rally entered the second day on Thursday after the sensex closed at nearly a 4-month high of 28,227, driven by healthcare, IT and auto stocks amid mixed global shares.

Apart from auto, capital goods and infra, all sectoral indices notched up smart gains.

Tata Motors has launched its new performance brand TAMO, which can be said to be somewhat similar to the ’N’ wing at Hyundai or the Mugen division at Honda. The company will reveal its first product under TAMO, the Futuro on 7th March 2017, ahead of the 2017 Geneva Motor Show. According to the Tata Motors, the Futuro will be "a stunning-looking car for the money." The company will undertake limited production of the car and the production version is expected to hit the market by 2018. It is expected that the two-seater sports coupe Futuro will be priced around Rs 25 lakh.

Telecom Regulatory Authority of India will communicate with Vodafone and other companies, about its decision on Reliance Jio free offers, today. TRAI had told the Delhi High Court about this, but did not disclose its decision there and instead said that it will do so, only to the companies that made the representations. Vodafone had earlier claimed that the regulatory authority had not implemented its own circulars which lay down that tariffs must be the complaint of interconnection usage charges (IUC) and be non-discriminatory and non-predatory.

Sebi has allowed Vijay Mallya and six others, who have been barred from the securities market in a case related to illegal fund diversions from United Spirits, to square off their existing open positions in the Futures and Options segment. On January 25, the regulator restrained Mallya and six former officials of United Spirits Ltd (USL) from buying, selling or otherwise dealing in securities in any manner whatsoever, directly or indirectly. The order was with respect to a case related to alleged fund diversions from USL.

Coal India Ltd (CIL) on Thursday reported that its production grew by 5.5 per cent to 55.99 million tonnes (mt) in January as compared to 52.86 mt in the corresponding month last fiscal, but the production during April 2016 to January 2017 remained flat.

According to provisional data, the production stood at 433.76 mt, up by a meagre 1.7 per cent during the first ten months of the current fiscal (2016-17). It achieved 91 per cent of the target which was set at 478.57 mt for the period.

Expressing concern over the news about H1B visa in the United States, West Bengal Chief Minister Mamata Banerjee on Thursday said it is the duty of the Indian government to protect the interests of Indian IT companies and IT professionals abroad.

"News about H-1B visas is concerning. We must protect our IT companies and professionals and give them full support.

Apple CEO Tim Cook has said, that though the decision of demonetising high-value currency in India created huge economic pressure in the last quarter, yet his company had an all-time record revenue results. He said that, though he was happy about it, the demonetisation move is still ‘having and overhang’ and could get bad after a while. Nevertheless, Cook praised the move and said that it is a ‘great move’. Cook added that he was impressed with the way his company is doing in India.

Bajaj Auto sales were down 18% in January, the two-wheeler maker said in a statement to the BSE on Thursday.

Its motorcycle sales fell 16% while the sales of its commercial vehicles fell 27%. The total domestic sales were down 16%. Exports were also down.

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