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Tata Motors, Ashok Leyland rush to increase bus supply
Tata Motors, India"s biggest auto company by revenue, has speeded bus production at its massive Dharwad facility, primarily to avoid any delay in honouring its commitment to supply low-floor buses to the Delhi Transport Corporation (DTC). http://smallpersonalloans.org.uk

Obama to propose size limits for banks
President Barack Obama will today propose new limits on the size of US banks after spending billions of tax-payer dollars to bail out "to-big-to-fail" firms, a senior official said.

News of the day

Essar takes 51% stake in Uganda, Congo telcos
The Ruias’ Essar Group is to acquire a 51 per cent stake in the telecom operations of the Dhabi Group, an investment company led by Abu Dhabi’s royal family, in Uganda and Congo for around $150 million (Rs 692 crore).
Corporate

Govt balances with RBI decline

With the government increasing expenditure on payments to contractors for projects, its balances with RBI fell by Rs 16,346 crore in the week ended January 1. - Forex reserves up $22 million - Government sets up schedule to provide relief to accident victims - Web exclusive: Inclusive growth in the financial sector - Oil regulator seeks infra lending for CGD projs - Uco Bank posts 20.7% business growth in Q3 - ICICI-First Data look at 500,000 PoS terminals by 2015 According to RBI data, the government’s balance with the central bank stood at Rs 37,193 crore as of January 1. In the previous week, strong advance tax and excise duty collections led to a Rs 5,145-crore increase in the balance.


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