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Shoppers Stop gets board's nod for raising funds
Fashion and lifestyle retail chain Shoppers Stop today said its board of directors has approved raising funds by allotting 40 lakh shares to qualified institutional buyers. http://smallpersonalloans.org.uk

Fiat to bring 'By Diesel 500' premium small car to India
Italian car-maker Fiat today said it plans to bring its super premium hatchback "By Diesel 500", a co-branded model with European clothing firm Diesel, to India as it looks to add more style quotient to its portfolio.

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Essar Oil soars on hopes of Shell refinery buy
The stock finally ended at Rs 135 after touching a high of Rs 136. The counter clocked volumes of 1.10 million shares on the BSE as compared to the the two-week daily average traded volumes of 1.17 million shares on the BSE.
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Tata Motors to bring in hybrid city buses; development on

After developing the electric version of its flagship passenger car Indica, country"s largest auto maker Tata Motors is now working on hybrid city buses aimed at providing eco-friendly transportation solutions for Indian cities. - Tata motors looks to rejig pensions at JLR - Short-term downtrend in force - Short-term downtrend in force - Wkly Tech Analysis: Market likely to drift lower - Market likely to drift lower - Tata Motors pins hope on Grande MK II "The work is going on for hybrid city bus ... We think this will be a better solution," Tata Motors Managing Director (India Operations) Prakash M Telang told PTI. He, however, declined to comment about the stage of the development work and when the company will launch the product. "We are trying our best and we will come out with the product as soon as possible." When asked if Tata Motors would showcase the product in Delhi Auto Expo next month, Telang said: "We will have surprises in the Expo. We will showcase some concept cars, some ready products. It"s too early to talk about it, lets see what we have in Auto Expo." According to sources, Tata Motors is working on a series of hybrid buses based on LCV and high capacity bus platforms. "The city buses that Tata Motors is developing are aimed at urban mass transportation system and will conform to Bharat Stage IV emission norms," a source said. The buses may come with either diesel or CNG as the alternate fuel mode, sources added. The firm is working with a Norwegian firm for launching the electric Indica in the UK, Norway and Denmark by 2011 that will mark the global launch of the car. It is also likely to be launched in the domestic around the same time.


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