The growth rate could continue for another seven years.
Tata Motors reported a 25.47 per cent decline in its net profit.
There was no official confirmation from the team or their Austrian owners.
The Williams Formula One team will present their 2005 driver lineup in Bahrain on January 7, the team said on Monday.
The future of Minardi had been in some doubt after Ford announced in September they were pulling out of Formula One.
Two navy destroyers, the INS Kochi and INS Chennai, fired MR-SAMs simultaneously at two simulated incoming missiles.
The Theatre-level Readiness and Operational Exercise was conducted to test combat readiness of the combined fleets of the Navy, the Air Force, the Army and the Coast Guard.
The Indian Navy tested its war machinery in series of month-long drill in the Indian Ocean. RS Chauhan reports
Briton David Coulthard has visited Williams bosses in a bid to convince his former employers to take him back next year.
"I am angered that after a long relationship I should get seven minutes notice that they were pulling out," said Eddie Jordan.
'I count the weeks and days before my birthday,' she says.
The NSE Nifty cracked below the 10,800-mark to hit a low of 10,753.05 intra-day, before closing at 10,762.45 with a loss of 59.40 points, or 0.55 per cent.
Just before the 2008 financial crisis made headlines, Indian companies were on a global buying spree. In the fifth part of the series, Dev Chatterjee and Krishna Kant discuss how the crisis came as a black swan event for some, changing the mood from exuberance to despair.
Kumaraswamy had proved right the adage that politics is the art of the possible, but the science graduate failed to get his chemistry right in keeping the coalition legislators together to ensure his government's longevity.
Narain Karthikeyan hopes a F1 test with Minardi this week will take him closer to becoming India's first Grand Prix driver.
F1 world champion Michael Schumacher collided with Australian Mark Webber's Jaguar in the French Grand Prix pitlane.
The broader NSE Nifty, after shuttling between 10,651.60 and 10.532.70 points on alternate bouts of buying and selling, closed 6.20 points, or 0.06 per cent, down at 10,576.30.
Jaguar's Mark Webber believes F1's rule changes will lessen the champions's dominance.
Famous and long believed to be trusted Indian brands have wilted against foreign brands, says Mohan Guruswamy.
Given the better growth in JLR sales and improving domestic sales, nearly 90 per cent of the analysts covering the stock have a 'Buy' rating.
"We don't take chances with the medical fitness of a pilot," he said at a press conference.
He has had three podium finishes in seven races so far and is placed in the second spot among a pack of 25 drivers.
JLR, Tata Steel Europe CEOs caution staff on high risks of leaving the EU
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The company had posted a consolidated profit of Rs 2,313.87 crore (Rs 23.13 billion) in the same quarter last fiscal, Tata Motors said in a statement.
Banking stocks dipped with Nifty PSU Bank index falling 1.7% after the government notified the ordinance that seeks to tackle non-performing loans in the sector.
Audi's 2015 sales were three per cent higher than its 2014 sales, which stood at 10,851 units.
Industry body Amfi to hold meeting to decide on road map.
He had hoped to secure a drive with Jordan this year, but that was not to be.
The government is scheduled to release index of industrial growth for November and consumer price inflation for December later today.
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