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Hyd court bars Maytas from loans on land collateral
In a major setback to cash-strapped infrastructure company Maytas Properties, promoted by former Satyam Computer founder B Ramalinga Raju’s family, a local court has passed an order barring it from using land as collateral for loans.

RBI pitches for partial rollback of stimulus
With budgetary preparations on in full swing, the Reserve Bank of India (RBI) today advised the Finance Minister to at least partially rollback the stimulus that was provided to help the industry cope with the financial crisis.

News of the day

UK promoters make delisting offer for Avery India
Weighing automation solutions provider Avery India today said its UK-based promoters will make an offer for acquiring about 22 per cent stake in the company from the public shareholders.
Public Relations

Mercedes-Benz launches 1st luxury hybrid model in Japan

Mercedes-Benz Japan Co, an arm of Daimler AG of Germany, released the S-Class hybrid sedan today, becoming the first foreign automaker to roll out an electric-gasoline model in the Japanese market. - Mercedes-Benz India expects to sell 60% C-Class model in Gujarat - Mercedes-Benz launches special edition model in India - Save the Clunkers - Sales to stagnate in 2009: Merc MD - 2009 sales may disappoint Mercedez-Benz - Mercedes to sell 100 units in eastern India The luxury "S-Class Hybrid Long" is priced at 14.05 million yen and has about 30 per cent better fuel efficiency than its previous model, becoming the first imported car to be eligible for the Japanese government"s tax breaks for fuel-efficient cars. With the Japanese unit of Germany"s BMW AG also planning to roll out a hybrid model next summer, foreign automakers are jumping into the heated hybrid race currently being run by Toyota Motor Corp"s Prius and Honda Motor Co"s Insight. The S-Class hybrid, which has been available in Europe since June, is equipped with a 3.5-liter gasoline engine and a compact electric motor that is powered by lithium-ion batteries which are lighter than the nickel metal hydride batteries currently used in most hybrid cars.


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