While auto sales in the US have plunged, vehicle sale in China has more than doubled since 2005, rising near 13 million units this year.
The court also hit Microsoft with a $287 million fine.
For this purpose, the government has identified two sites -- Escort Farms in the industrial town of Kashipur and Pant Nagar agriculture university. In both the places, vast land is available for a possible IIM, which requires 200 acres.
In Uttarakhand, the speculation is rife that Bajaj-Renault is trying to explore the possibility of the small car establishment at various places including the industrial hub of Pantnagar.
A huge explosion outside the Indian embassy in Kabul killed at least five people, reports said. The cause of the blast was not immediately known. Though there are no immediate reports of any Indian being injured, TV reports suggest the embassy embassy wall has been severely damaged.
Heavy rains and surging flood water continued to batter Karnataka and Andhra Pradesh, claiming 194 lives and inundating vast swathes of land.
"For boosting the morale of our workers, these posts are justified," said a top state BJP leader.
At least 60 persons either committed suicide or died of shock after hearing the news of Chief Minister YSR Reddy's death in a chopper crash.
Senior Bharatiya Janata Party leader Arun Shourie on Monday asked the Rashtriya Swayamsewak Sangh (RSS) to take over the BJP's control and described the party's president Rajnath Singh as "Humpty Dumpty".
Tata Motors will distribute all Nano cars from Pantnagar through its new subsidiary, Tata Motors Distribution
Banga's exit is being seen as a blow to Citigroup CEO Vikram Pandit, who said in a speech this week that the bank would look abroad for growth as the US economy slows. At MasterCard, he will be responsible for key business operations, including customer relationships globally, products, services, marketing, technology and operations.
The Uttarakhand government has asked Larsen & Toubro to stop work on its 99-Mw Singoli-Bhatwari hydel project in the hilly Rudraprayag district of the state.
Bharat Borge, the mechanic whose timely discovery that there were pebbles and mud in the gear box of Anil Ambani's helicopter, was found dead beside railway tracks in suburban Andheri in Mumbai under mysterious circumstances on Tuesday.
Prime Minister Manmohan Singh on Monday spoke to Tamil Nadu Chief Minister M Karunanidhi, who is on an indefinite fast in support of his demand for immediate ceasefire in the Sri Lankan army's offensive against the LTTE.
Rakesh Oberoi, a Tata Motors dealer, said he was getting hundreds of enquiries related to Nano everyday. Tata Motors was given over 950 acres of prime land by the state government at Pantnagar for setting up its manufacturing facility.
After a turnaround two years ago driven by heavy tax breaks currently available in Uttarakhand, this auto bulb industrial unit is now enjoying the benefits of slowdown in auto sector as it is mainly producing replacement bulbs only. "Sales in the auto sector have taken a nosedive during the past one year. So it is natural that our bulbs will be used in old vehicles," said Rajiv K Agarwal, managing director of GBPL, which situated at Patel Nagar, Dehra Dun.
"Tata Motors has given us a commitment that it will set up a permanent satellite facility at Pantnagar for producing Nanos," said Chief Secretary Indu Kumar Pande. From the Pantnagar industrial unit, from where the company would launch its first car, Tata Motors is planning to produce a total of 50,000 units per year. Besides, it has agreed to distribute all its Nano cars from Pantnagar through its new subsidiary, Tata Motors Distribution Co Ltd.
Uttarakhand government has written to Tata Motors, asking the auto major to sell a majority of the Nano cars through its new subsidiary, Tata Motors Distribution Co Limited, which was recently floated at Pantnagar. Through the sale of the Nano cars and other commercial vehicles which are being manufactured at Pantnagar, the state government is hoping to earn additional tax collections of Rs 100 crore to Rs 200 crore through a 12 percent VAT.
The Uttarakhand government has decided to set up an international eco-tourism hub around the 42 sq km area of the 2,400-Mw Tehri dam reservoir.
The Nano's mileage is being projected between 17 to 20 km per litre. Last month, Tata Motors had conducted various test runs of Nano on the hilly, serpentine roads of Uttarakhand. Government officials in Dehra Dun claimed the company has given a commitment to Uttarakhand Chief Minister B C Khanduri that it would roll out the first Nano from the state itself.
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