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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)

Uber launches in seven Indian cities, makes country second largest geographic market

from firstpost

Uber launches in seven Indian cities, makes country second largest geographic market

Mumbai: Taxi-hailing app Uber will launch its services in seven more cities in the country, making India its largest geographic market outside the US. The company will launch its services in tier-II c...


Sterlite to set up LCD manufacturing plant, invest Rs 40,000 cr

from firstpost

Sterlite to set up LCD manufacturing plant, invest Rs 40,000 cr

New Delhi: Billionaire Anil Agarwal-led Sterlite Technologies today announced an investment of Rs 40,000 crore to set up a LCD panel manufacturing plant in the country, generating about 50,000 jobs.Th...

Pininfarina still discussing sale to Mahindra, hopes for deal in July: sources

from firstpost

Pininfarina still discussing sale to Mahindra, hopes for deal in July: sources

Milan: The key investor in Pininfarina and its creditor banks are still seeking to agree a sale of the indebted Italian car designer to Indian vehicle maker Mahindra & Mahindra, two sources close ...

Airtel commits Rs 1 lakh cr investment in technology in five years

from firstpost

Airtel commits Rs 1 lakh cr investment in technology in five years

New Delhi: Telecom major Bharti Airtel today committed to invest more than Rs 1 lakh crore or about $16 billion in next five years in technology space. "We will make a very meaningful contributio...

Airtel commits Rs 1 lakh cr investment in technology in five years

from firstpost

Airtel commits Rs 1 lakh cr investment in technology in five years

New Delhi: Telecom major Bharti Airtel today committed to invest more than Rs 1 lakh crore or about $16 billion in next five years in technology space. "We will make a very meaningful contributio...

Pininfarina still discussing sale to Mahindra, hopes for deal in July - sources

from Reuters

Pininfarina still discussing sale to Mahindra, hopes for deal in July - sources

By Stefano RebaudoMILAN (Reuters) - The key investor in Pininfarina and its creditor banks are still seeking to agree a sale of the indebted Italian car designer to Indian vehicle maker Mahindra &...

Wall Street rises sharply on renewed Greece hopes

from Reuters

Wall Street rises sharply on renewed Greece hopes

By Sweta SinghREUTERS - U.S. stocks rose sharply in early trading on Wednesday after Greek Prime Minister Alexis Tsipras signaled he was prepared to accept creditors' bailout offer with some condition...