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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)

HSBC confirms its CEO Stuart Gulliver holds Swiss Bank account

from firstpost

HSBC confirms its CEO Stuart Gulliver holds Swiss Bank account

Europe's biggest bank, HSBC said its chief executive, Stuart Gulliver, holds a bank account in Switzerland that was set up in 1998 to hold bonus payments, responding to a report in the Guardianthat sa...


Don't expect big ticket idea this Budget: Shobhana Bhartia

from moneycontrol

Don't expect big ticket idea this Budget: Shobhana Bhartia

As Parliament gears up to discuss Budget session, Shobhna Bhartia, chairperson and editorial director at Hindustan Times assesses the current mood of the country and what can be expected ahead. The ap...

Oil min leak impact: Industry says lobbying not a dirty word, should be legalised

from firstpost

Oil min leak impact: Industry says lobbying not a dirty word, should be legalised

In the wake of this week's arrests by Delhi Police in connection with alleged corporate espionage, the Associated Chambers of Commerce of India Sunday reiterated their earlier demand for legalising lo...

Budget 2015: However good it is, market will struggle in short term on high valuations

from firstpost

Budget 2015: However good it is, market will struggle in short term on high valuations

Equity benchmarks have had a fantastic pre-Budget rally - nearly 3,000 points from the lows of mid-December - though the market knows the limitations of the Budget in fixing big problems of the econom...

Gold near seven-week low on Greek debt deal, China holiday

from Reuters

Gold near seven-week low on Greek debt deal, China holiday

By A. AnanthalakshmiSINGAPORE (Reuters) - Gold hovered around the key $1,200-an-ounce level on Monday, its lowest in seven weeks, as support for the safe-haven metal eased after a deal was struck over...

BOJ under pressure as some board members question inflation target

from Reuters

BOJ under pressure as some board members question inflation target

By Stanley WhiteTOKYO (Reuters) - Three members of the Bank of Japan's policy board expressed doubts the central bank can meet its inflation target because of a slowdown in underlying prices and falli...