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China car sales jump 'beyond imagination', bring wait
Zhao Hang, who helped devise China’s auto-stimulus package, is facing demand from car buyers battling an unexpected consequence — two-month waiting lists.

ComMin wants 3-year I-T waiver for labour-intensive exports
In an attempt to support exporters hit by the ongoing global economic crisis, the commerce ministry has proposed to its finance counterpart to exempt income tax for a period of three years for certain labour-intensive sectors like handicrafts, leather and textiles.

News of the day

Welspun Gujarat raises $250 mn via QIP, FCCB issue
Pipe manufacturer Welspun Gujarat Stahl Rohren today said it has raised $250 million (over Rs 1,100 crore) by way of institutional placement of shares and bonds issue.
Online Business

First customer to get Nano keys today

About ayear and a half after unveiling the car, Ratan Tata, Chairman, Tata Motors, will hand over the ownsership keys of the Nano to its first customer here tomorrow, at the company showroom in the Prabhadevi area. - Nano passes Euro level crash tests - UK dept under fire for delay in lending to JLR - Tata Steel ups stake in Riversdale, for fourth time - Auto index rallies 5%; Bajaj Auto ends flat - Maruti plans to roll into carbon credit trade - Nano to have permanent home in Pantnagar, too Names of the 100,000 customers who have been finalised for allotment of the Nano through the computerised procedure were announced by the company last month. Due to production constraints, these 100,000 deliveries of the car should only be completed by the last quarter of 2010. However, the company says it will meet its target earlier than that date. The Nano will be produced at two locations - Sanand in Gujarat and Pantnagar in Uttarakhand. As work on the construction of the Gujarat unit, also the mother plant, is still underway, all Nanos will be produced for now at the Pantnagar facility. The company had stated earlier that the Sanand facility will become operational by early 2010.


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