DaimlerChrysler plans to buy 26% of the bus body builder Sutlej Motors. The two companies will then jointly manufacture buses for the Indian roads.
The chasis of the three-axles vehicle will be made by Mercedes Benz while the body will be assembled by its Indian partner Sutlej Motors.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
At least 71 people have been killed and 127 others were still missing in floods and landslides triggered by the heaviest rains in Sri Lanka in over a quarter century even as an Indian aircraft and two naval ships arrived in Colombo on Saturday with relief supplies.
