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Business Briefs

Car sales rise

New Delhi, Jan. 11: Automobile sales in December grew 30.51 per cent, but rising interest rates and high commodity prices can slow down the growth, according to the Society of Indian Automobile Manufacturers. Total vehicle sales registered a growth of 30.51 per cent at 13,05,872 units in December against 10,00,562 units in the same month last year.

Aurobindo

New Delhi, Jan. 11: Aurobindo Pharma has entered into a deal to divest majority stake in its Chinese subsidiary to China’s largest pharmaceutical and healthcare group Sinopharm for an undisclosed amount.

Japan aid

Tokyo/Lisbon, Jan. 11: Japan has pledged to buy euro zone bonds this month in a show of support for Europe’s struggle with a seething debt crisis as Portugal wrestled to fend off market and peer pressure to seek a bailout.

Growth path

Basel (Switzerland), Jan. 11: The global economy is recovering faster than expected and is particularly strong in emerging economies such as China, Brazil and India though there are dangers from inflation and rising food prices, according to the world’s leading central bankers.

Reliance Life

Calcutta Jan. 11: Reliance Life Insurance Company, part of Reliance Capital Limited, will help one lakh aspirants become certified insurance agents this year.

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