Aiming to maintain leadership in the highly-competitive automotive market, Maruti Suzuki India has unveiled a roadmap for the next 30 years, eyeing sales of three million vehicles annually.

“2013-14 was a significant milestone year for us, as in December we completed 30 years of selling cars. It is a good time to review what we have achieved and what we should do in our next 30 years-Maruti 2.0,” Maruti Suzuki India (MSI) Chairman R. C. Bhargava said in the company’s annual report for 2013-14.

Mercedes-Benz has announced an armoured version of its 2014-generation S-class limousine, a coachbuilt rolling vault that can withstand grenades and a machine-gun barrage.

While not the only armoured version of the car on the market, the S-600 Guard is the only one built by the Sindelfingen factory.

More than half the factories across the country may be exempt from the restrictive provisions applicable under the current legislative framework, with the Factories Amendment Bill, 2014 proposing to revise the definition of a factory by effectively doubling the threshold of the number of workers employed in such a unit.

A decade after low-cost carriers led India's air travel boom, full-service airlines are gearing up for a battle for premium passengers that only the deep-pocketed are likely to win.

Flag carrier Air India, which has only offered premium travel, will face more competition from second-largest airline Jet Airways, which on Monday said it would ditch its budget unit and focus on the full-service market amid mounting losses.

Microsoft on Wednesday launched the Lumia 530 Dual SIM smartphone, the 'most affordable' Lumia to date, in India. The phone is priced Rs 7,349 and will be available in stores from August 14, 2014.

Lumia 530 comes with the latest version of Windows 8.1, with updates such as the one swipe notification from the Action Center and the World Flow keyboard. It comes with changeable cover shells in bright orange, bright green, dark grey and white.

The international strategy of Larsen & Toubro, the country’s largest engineering and construction company, hasn’t quite worked the way it had wanted. It hydrocarbon division reported a Rs 900 crore loss in the June quarter. With the company booking losses in all the six hydrocarbon orders it won and implemented over the past three years, the stock has fallen 12 per cent since the results were announced. Analysts are angry, as the company’s performance is not in line with their projections and say L&T did not adequately disclose the extent of stress in its international order book.

Buying a railway ticket online will be much easier as Indian Railways launched the modern e-ticketing system capable of generating about 7,200 tickets per minute compared to the earlier capacity of 2,000 tickets per minute.

Railways has made an investment of about Rs 100 crore in this IT initiative. The technology has been developed by Center for Railway Information Systems (CRIS), an autonomous organization under Ministry of Railways.

Mahindra and Mahindra Ltd. (M&M) rolled out its new Yuvraj 215 NXT in Rajkot on Wednesday. According to the company, this 15 HP tractor is compact, easy to operate and fuel-efficient with low operating cost, making it ideal for small landholdings.

"Our objective is to increase farm productivity and enhance rural prosperity. The Yuvraj 215 NXT is part of our vision to deliver 'FarmTech Prosperity' to farmers in Gujarat through its multiple application features," said Ravindra Shahane, vice-president, marketing, farm equipment sector, M&M Ltd.

Adani Power has bought Hyderabad-based Lanco Infratech’s Udupi power plant at an enterprise valuation of Rs 6,000 crore. While Adani will take over the plant’s Rs 4,000 crore worth of debt, Lanco will receive Rs 2,000 crore in cash, which it plans to use for lowering its debt.

This is the largest acquisition in the thermal power space. According to bankers, Adani Power pipped JSW Energy in the negotiations and announced the transaction within two weeks of starting talks.

Hosiery maker Dollar Industries, which sells innerwear brands Bigboss and Force, is planning to get listed on the BSE in the current financial year. The company with annual turnover of Rs 690 crore has appointed merchant bankers for this.

“It is our priority to get listed this year. Final details are being worked out,” said Vinod Gupta, managing director of Dollar Industries.

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