San Francisco: Ford Motor Co said on Friday it would acquire San Francisco-based shuttle service Chariot with plans to expand the service globally, as the carmaker expands beyond auto manufacturing and takes another step toward becoming a mobility company.

The Detroit automaker said Chariot plans to expand internationally, moving into five more markets in the next 18 months. Terms of the deal were not disclosed.

A delegation of leaders and experts in business, education and economic development recently visited Silicon Valley for scouting business opportunities for Indian tech companies, a top industry body said Saturday.

The Associated Chambers of Commerce and Industry of India (Assocham) delegation visited the Silicon Valley from August 31 to September 8, a statement from the industry body said.

Coal India Ltd's dismal output in August, its lowest in three years, is bad news not only for the country's mining behemoth but also for country's biggest transporter, Indian Railways.

With half of its freight movement dependent upon coal transportation, Railways is staring at goods trains lying idle impacting its revenues.

Around 200 entities having operations in West Bengal and have been collecting deposits in an unauthorised manner are under the scanner of the Reserve Bank of India.

The regulator is currently handling 200 cases cumulatively to follow, RBI officials said.

At least 15 people were killed and 70 others sustained burn injuries on Saturday in a massive fire triggered by a boiler explosion at a packaging factory in Bangladesh's industrial area, just north of the capital Dhaka.

The fire broke out due to boiler explosion at the four-storey Tempako Packaging Factory around 6:15 AM in Bisic industrial area of Tongi, said Gazipur Fire Service and Civil Defence Deputy Assistant Director Akhtaruzzaman.

Benchmark indices BSE Sensex and NSE Nifty extended their rally in the holiday-truncated week with gains of over 0.50 per cent as market sentiment remained bullish after slower than expected US jobs data in August dimmed hopes of interest rate hike by the US Federal Reserve this month. For the week ended September 9, the 30-share index advanced 265.14 points, or 0.93 per cent to 28,797.25 from 28,532.11 on September 2.

Air India is seeing a gain in rail minister Suresh Prabhu's surge-pricing pain. The national carrier on Saturday brought out full page ads, selling unsold seats on its metro flights at Rajdhani II fares four hours before departure time.

The ad, featuring the legendary Maharaja, claimed cheaper Air India spot fares than Rajdhani flexi fares, taking potshot at Prabhu's pricing move panned by train travellers.

Welcoming the recent steps taken by the Reserve Bank to develop a vibrant corporate bond market, SBI chief Arundhati Bhattacharya said there is a need to develop a secondary market for lower-rated papers for the market as a whole to gain traction.

"The only problem that remains is the fact that this market is only open to higher-rated corporates. It is not yet accessible to people with lower ratings," she told reporters on the sidelines of a SBI Caps Securities event.

Hyundai India has silently introduced the Elite i20 with 6 airbags in the top-end trim of the hatchback in both petrol and diesel engines. The Korean car manufacturer has also launched a 4-speed automatic variant of the Magna which is priced at Rs. 9.01 lakh, ex-showroom, Delhi. The Elite i20 Asta (O) with 6 airbags carries a priced tag of Rs 7.75 lakh ex-showroom, Delhi for petrol motor, while the diesel variant is priced at Rs. 8,99 lakh, ex-showroom, Delhi.

Tata Motors today said it has launched its first product, a versatile mini-truck SuperAce, in Vietnam.

The company has launched the vehicle in the Vietnam market, a year after foraying into the South East Asian country along with its local partner TMT Motors.

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