"We expect our revenues to reach $1 billion by the end of this calendar year up from $700 million in 2006 driven by strong factors. In the first three quarters of the current financial, the company's revenue has grown by over 39 per cent," IBM vice president (financial management) Jesse Green said in New York.
German luxury car major Audi on Wednesday said it plans to increase local production of its models in India, with its sedan A4, which could be the next one to be manufactured there. The company has already started local production of its A6 sedan at the facility of Skoda, which is also a part of the Volkswagen Group
The Indian automobile industry had an action-packed year with big-ticket announcements such as excise duty cut for small cars, entry of German car major Volkswagen and Mahindra's tie-up with Renault.
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