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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)

Tata Group enters e-commerce venture with Tata Cliq, to focus on apparel and electronics

from firstpost

Tata Group enters e-commerce venture with Tata Cliq, to focus on apparel and electronics

India's biggest conglomerate Tata Group launched an e-commerce venture on Friday, as it seeks to cash in on rising purchasing power in a market dominated by deep-pocketed international retailers and s...


30% rise in funding in startups in Q1'16, investors bullish on early stage companies

from firstpost

30% rise in funding in startups in Q1'16, investors bullish on early stage companies

The number of deals as well as the average ticket size has gone up in first quarter of 2016 compared to fourth quarter of 2015. Q116 accounted for the second highest number of deals compared to indivi...

Under stress: Morgan Stanley lowers Flipkart's valuation at under $10 bn

from firstpost

Under stress: Morgan Stanley lowers Flipkart's valuation at under $10 bn

New Delhi: Signalling a tough road ahead for Flipkart, a mutual fund managed by Morgan Stanley has marked down the value of its shares in the Indian e-Commerce major by 15.5 percent, valuing it at und...

Why Subramanian Swamy's Rajan Hatao campaign isn't just a one-man show

from firstpost

Why Subramanian Swamy's Rajan Hatao campaign isn't just a one-man show

Is there a method to Subramanian Swamys quarrel with Reserve Bank of India (RBI) governor Raghuram Rajan that has been hogging headlines in the national media for the last few days?There is no instanc...

TE Connectivity Opens High-Tech Test Competence Center in India to Further Support Automotive Customers and Innovation

from in.com

TE Connectivity Opens High-Tech Test Competence Center in India to Further Support Automotive Customers and Innovation

TE Connectivity Ltd. (NYSE: TEL) (TE), a global leader in connectivity and sensor solutions, today announced the opening of its Automotive Test Competence Center in India.

Tissot Presents Quickster, a Trendy Sports Watch

from in.com

Tissot Presents Quickster, a Trendy Sports Watch

Splitsvilla winners Anuki and Prince visit brand’s Amritsar SIS

Jet Airways' record profit on prudent cost cutting measures, not just benign oil

from firstpost

Jet Airways' record profit on prudent cost cutting measures, not just benign oil

Benign jet fuel prices have helped Indian airlines, and how. Jet Airways, which added no new capacity in FY16, managed to post its first ever annual profit thanks to easy oil prices. But what has been...