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MUMBAI (Reuters) - Tata Motors Ltd on Monday showed off the first variant from its new series of petrol engines, expected to power some of its future cars, as the company looks to capture a returning shift in consumer preference for the fuel.With the government allowing fuel retailers to gradually increase the price of diesel - a popular fuel in India thanks to government subsidies - the gap between the prices of petrol and diesel is narrowing, causing demand to slowly gravitate back towards petrol cars.Tata Motors, which has seen sales plunge this year amid a wider slowdown in the auto market, generates the bulk of its passenger vehicle sales through diesel-powered vehicles."Petrol represents a big opportunity for us. Our play in petrol has been lower than we have in diesel," Ranjit Yadav, president of the company's passenger vehicle business unit, told reporters.The new 1.2 litre turbocharged engine will be used in the company's compact vehicles, some of which are expected to be launched later this year.(Reporting by Aradhana Aravindan; Editing by Anand Basu)

Modi govt could have cleared up FDI in retail mess: Here's how they missed the chance

from firstpost

Modi govt could have cleared up FDI in retail mess: Here's how they missed the chance

The Modi government has passed up an opportunity to leave its own firm imprint on the FDI in both brick and mortar as well as online retail policy. The occasion was a fresh compilation of the compendi...


Inflation under control, farm crisis and investment slowdown are challenges, says Arun Jaitley

from firstpost

Inflation under control, farm crisis and investment slowdown are challenges, says Arun Jaitley

New Delhi - Finance Minister Arun Jaitley today said inflation has been brought under control in the past one year but global economy and agrarian situation as well as domestic investments pose challe...

Inflation under check; global economy, agriculture a challenge: Jaitley

from firstpost

Inflation under check; global economy, agriculture a challenge: Jaitley

New Delhi: Finance Minister Arun Jaitley on Saturday said inflation has been brought under control in the past one year but global economy and agrarian situation as well as domestic investments pose c...

ITC net profit up 3.6% at Rs 2361 cr; non-cigarette FMCG revenue up 11%

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ITC net profit up 3.6% at Rs 2361 cr; non-cigarette FMCG revenue up 11%

Diversified group ITC on Friday reported 3.65 percent increase in standalone net profit at Rs 2,361.18 crore for the fourth quarter ended March 31, 2015.The Kolkata-headquartered firm had posted a pro...

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Now we are all self-insured against capital outflows: Raghuram Rajan allays fears

Amid a huge sell-off by foreign investors in the capital markets, RBI Governor Raghuram Rajan yesterday said India is well protected against volatile capital flows with its deeper reserves, surging gr...

Modi's one year: NDA's retail FDI stance continues to flummox as Jaitley contradicts Sitharaman

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Modi's one year: NDA's retail FDI stance continues to flummox as Jaitley contradicts Sitharaman

So what was it that stood out in the largely self-congratulatory press conference of finance minister Arun Jaitley on the achievements of the first year of the Narendra Modi government?That his assert...

Need serious operation to combat 'black money cancer': SIT

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Need serious operation to combat 'black money cancer': SIT

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