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NEWS|Business 
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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)

Navi Mumbai International Airport project back on track

from moneycontrol

Navi Mumbai International Airport project back on track

The Navi Mumbai International Airport has been conceptualised as the eighth largest in the world, spread over an area of 1160 hectares to handle 60 million passengers a year and at an estimated cost o...


SAP to resell HP Fortify application security software

from firstpost

SAP to resell HP Fortify application security software

HP has announced that SAP will resell HP Fortify application security software as part of its quality assurance solutions portfolio. SAP is now offering the solution under the name SAP Fortify softwar...

Major U.S. allies to join China-backed bank - reports

from Reuters

Major U.S. allies to join China-backed bank - reports

SEOUL (Reuters) - A senior U.S. diplomat said it was up to individual countries to decide on joining a new China-led international development bank, as media reports said a growing number of close U....

Asian shares rise on bets Fed may stay cautious

from Reuters

Asian shares rise on bets Fed may stay cautious

By Lisa TwaroniteTOKYO (Reuters) - Asian shares got a boost on Tuesday from Wall Street's rise, as investors positioned for the possibility that weaker-than-expected U.S. data will prompt the Federal ...

McDonald's workers claim hazardous conditions in 19 U.S. cities

from Reuters

McDonald's workers claim hazardous conditions in 19 U.S. cities

By Lisa BaertleinREUTERS - McDonald's restaurant workers from 19 U.S. cities said on Monday they have filed 28 health and safety complaints with federal and state regulators, alleging hazardous workin...

Jewellers threaten strike over 'black money' tax plan

from Reuters

Jewellers threaten strike over 'black money' tax plan

By Krishna N. DasNEW DELHI (Reuters) - Indian jewellers threatened on Monday to go on strike over a government plan that would require customers to quote their tax code for major purchases as part of ...

Gold around lowest in over three months, eyes on Fed meeting

from Reuters

Gold around lowest in over three months, eyes on Fed meeting

By Clara Denina LONDON (Reuters) - Gold fell on Monday, trading just above its lowest level in more than three months, due to stronger European shares and expectations that this week's Federal Reserve...