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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)

Sun, Wockhardt recall drugs from US market

from firstpost

Sun, Wockhardt recall drugs from US market

Hyderabad: Sun Pharma and Wockhardt have separately initiated voluntary recall of a number of drugs from the US market due to different reasons.Sun Pharma initiated voluntary recall of multiple lots o...


Rajan hints at fourth rate cut on data support; advises US to hold back on policy hike

from firstpost

Rajan hints at fourth rate cut on data support; advises US to hold back on policy hike

Washington: Hinting at the fourth interest rate cut this year, RBI Governor Raghuram Rajan has said he is not done with lowering rates and the central problem for the entire world remains slowing econ...

Power min Goyal says India will double power generation to two trillion units in 7 years

from firstpost

Power min Goyal says India will double power generation to two trillion units in 7 years

Kolkata: India will be able to double its power generation in the next seven years, Union Coal and Power Minister Piyush Goyal has said."Very clearly, as we work to provide energy access to every...

India's oil imports to be 90% by 2020: Report

from ibn

India's oil imports to be 90% by 2020: Report

Bengaluru: India's import dependence on oil is likely to touch 90% by 2020 due to widening supply-demand gap on growing appetite for the fossil fuel, a joint study said on Friday. If the trend of imp...

BSE to auction investment limits for Rs 561 cr govt bonds

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BSE to auction investment limits for Rs 561 cr govt bonds

New Delhi: Leading bourse BSE will auction, on Monday, investment limits for foreign investors to buy government debt securities worth Rs 561 crore.The auction will be conducted on BSE's ebid exchange...

Charge Rs 400 from defaulters availing 'zero-bag' discount: DGCA to Spicejet

from firstpost

Charge Rs 400 from defaulters availing 'zero-bag' discount: DGCA to Spicejet

New Delhi: Aviation regulator DGCA has nixed a proposal by no-frills airline SpiceJet to charge up to Rs 750 from passengers who avail a "zero-bag" discount while booking a ticket but turn u...

Still looking for acquisitions in FMCG sector: Godrej

from firstpost

Still looking for acquisitions in FMCG sector: Godrej

New Delhi: Godrej group will continue to scout for acquisitions in the FMCG sector in the developing economies, including India, to fulfill its vision of having 10-fold growth by 2020."The appeti...