The Telegraph
Wednesday , June 27 , 2012
Since 1st March, 1999
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Business Briefs

Maruti 800cc car

New Delhi, June 26: Maruti Suzuki India is gearing up to introduce an 800cc car by the year-end that is likely to be more fuel-efficient and more expensive than the Alto. According to sources close to the development, the company will start commercial production of the car at its Gurgaon facility from July or August and will launch it by Diwali.

SBI hiring

Bhopal, June 26: The SBI will recruit about 10,500 employees in this fiscal. “This year, the bank will make 9,500 clerical level appointments and nearly 1,000 probationary officers will be inducted,” SBI chairman Pratip Chaudhuri said.

H&R Johnson

Calcutta, June 26: H&R Johnson (India), a tile, bath fittings and kitchen player, has started work on its new tiles manufacturing unit in Durgapur and hopes to commence operations within a year-and-a-half.

IT gain

Chennai, June 26: The falling rupee may have got the IT industry windfall gains but industry body Nasscom feels weakening of the Indian currency will benefit companies such as TCS and Infosys only in the long run.

M&A value

New Delhi, June 26: India targeted merger and acquisition deals’ value this year so far stood at $25.5 billion, down 26 per cent over the same period a year ago, global deal tracking firm Dealogic said.