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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)

With monsoon showing good progress, rate cut hope is logical: Arun Jaitley

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With monsoon showing good progress, rate cut hope is logical: Arun Jaitley

New Delhi: With inflation likely to moderate following a good monsoon, Finance Minister Arun Jaitley Tuesday said it is "logical" to hope for a rate cut by RBI though the actual deci...


Phones worth Rs 94,000 cr to be made in India in FY17, says Ravi Shankar Prasad

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Phones worth Rs 94,000 cr to be made in India in FY17, says Ravi Shankar Prasad

Around Rs 94,000 crore worth of mobile phones are expected to be assembled in India this year, a jump of 74 percent over the last financial year, the government said on Tuesday."In terms of v...

Sensex zooms 440 pts to over 13-month high, Nifty breaches 8,700

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Sensex zooms 440 pts to over 13-month high, Nifty breaches 8,700

Mumbai: BSE Sensex zoomed over 440 points to close at an over 13-month high of 28,343.01, while the broader Nifty went past the psychological 8,700-level to finish at 16-month high of 8,744.35, lifted...

Sebi asks commexes to disseminate derivatives prices via SMS to bring in transparency

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Sebi asks commexes to disseminate derivatives prices via SMS to bring in transparency

New Delhi: Markets regulator Sebi Tuesday asked commodity exchanges to offer price dissemination facility to subscribers through SMS on a daily basis, a move that will help bring in transparency.&...

Grasim Industries to seek shareholders' nod to raise up to Rs 2,000-cr via pvt placement

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Grasim Industries to seek shareholders' nod to raise up to Rs 2,000-cr via pvt placement

New Delhi: Grasim Industries Tuesday said it will seek shareholders' nod to raise up to Rs 2,000 crore through private placement basis.The Aditya Birla Group firm will present the proposal to its shar...

Automobile industry set to grow 4 times to Rs 20 lakh cr in next one decade: Gadkari

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Automobile industry set to grow 4 times to Rs 20 lakh cr in next one decade: Gadkari

New Delhi: Automobile industry turnover is poised to grow over four times to Rs 20 lakh crore in 10 years and has the potential to occupy the top slot globally, Union Minister Nitin Gadkari today said...

Sail gets green panel nod for Rs 5,419-cr Odisha modernation project

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Sail gets green panel nod for Rs 5,419-cr Odisha modernation project

New Delhi: A central green panel has given environment clearance to Sail's Rs 5,419-crore expansion and modernisation project for its Rourkela plant in Odisha.Sail has proposed modernisation of its Ro...