Tag: Technology

New Mahindra Xylo launched on Wednesday

Feb. 11 General News Comments Off

New Mahindra Xylo 300x216 New Mahindra Xylo launched on WednesdayThe latest technology sector news reveals that Mahindra & Mahindra Ltd, India’s premier utility vehicle (UV) firm, has finally launch the new version of Mahindra Xylo in New Delhi on Wednesday, February 8, 2012.

Meanwhile, the newly launched vehicle by the company [Mahindra Xylo MPV] is powered by the Mhawk engine in top end E9 model and voice command technology (VCT) to control the SUV.

M&M chief executive for automotive division Pravin Shah said, “This technology is adopted for the first time ever in the auto industry in the country, probably in the world, and has been developed in-house and is patented.” Read more

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Piramal acquires more 5.5% stake in Vodafone

Feb. 05 Business Comments Off

vodafone 300x238 Piramal acquires more 5.5% stake in VodafonePiramal Healthcare firm has decided to buy an additional 5.5% stake in Vodafone India whose cost will be Rs3,007 crore.

Piramal firm already bought 5.5% stake of Vodafone for Rs2,900 crore in August last year and its further plan to buy will values Vodafone’s India business at Rs54,675 crore.

However these days, Vodafone has several beneficial facts in which one is its rejoice moment is of won the long-drawn out tax war for Rs11,000 crore against the I-T department.

Piramal Healthcare has values at Rs10,000 crore and its plan to buy Vodafone’s stake would offers various exit mechanisms for Piramal, including through participation in a potential IPO and sale of stake to Vodafone. Read more

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Fiat inks deal to supply diesel engines to Maruti Suzuki

Jan. 19 General News Comments Off

Italian car-manufacturer Fiat and Japanese car-developer Suzuki Motor Corporation has recently announced that the two companies have inked an agreement to supply Fiat diesel engines to India’s largest car company Maruti Suzuki.

In a joint statement released by the two companies, “Fiat India Automobiles Ltd (FIAL) will supply up to one lakh 1.3 litre MultiJet 75hp SDE engines per year to Maruti Suzuki India Ltd (MSIL) starting from January 2012 for a period of three years.”

The joint note issued saying that the engine will be installed on Suzuki labeled cars manufactured in India by MSIL for the local market. Read more

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Piaggio to launch Vespa by March 2012

Jan. 07 Business Comments Off

vespa 2012 300x260 Piaggio to launch Vespa by March 2012As per the news of business sector, around past 13 years the iconic Vespa re-entered the Indian market.

The range of Vespa scooters as parent Piaggio unveiled its range of scooters at the Expo, sport 125cc engines and will be available in the market from March.

However Piaggio licensed the production of Vespa scooters to Bajaj Auto Ltd from more than four decade ago.

Although the joint venture deed between both ended in 1971, the company partnered with LML Motors in 1983 as like Bajaj Auto, to make and sell scooters in India.

And this venture also exited in 1999, when LML acquired Piaggio’s stake.

Revealing its market potential and scope to grow, the chairman and MD, Piaggio Vehicles, Ravi Chopra stated in a statement, “Our foray into the Indian market Read more

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