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Pest industry may take 15% hit if monsoon fails to revive
The Indian pesticides industry is eagerly looking forward to August 15. Not for the usual celebration of the Independence Day, but for a different reason. It expects the monsoon to recover by this time. If not, its bottom line this year would be hit.

GMR raising Rs 13,000 cr for power, road projects
In advanced discussions with many domestic lenders, including SBI, Axis Bank and IDFC for raising the debt.

News of the day

Cotton exports may rise to 1.4 MT, says global body
India’s cotton exports are likely to rebound to 1.4 million tonnes in 2009-10 (October-September) at the cost of exports from the US, which are forecast to fall 20 per cent to 2.3 million tonne on year, according to International Cotton Advisory Committee (ICAC).
Public Relations

Porsche to up dealer network by 2010; launches Panamera

Precision Cars, the official importer of Porsche in the country, is planning to increase its dealer network from the current two to six during the next year, a top company official said. - Nissan"s Infiniti brand may debut in India - Frank Sieren & Andreas Sieren: To learn from China">Frank Sieren & Andreas Sieren: To learn from China - Pan shot - Volkswagen, Porsche seal merger deal - Porsche plans to sell 50 units of Panamera this year - Range finder! "We are expanding our dealer network and want to have a presence in six cities in 2010," Precision Cars" Managing Director Rod Wallace told reporters after launching its Panamera here today. Precision, which currently has two dealers in Mumbai and New Delhi, would soon have three dealers in the southern part of the country, Wallace said. "We have signed contracts with dealers in Hyderabad, Kochi and Chennai. These cities would have their local Porsche centres in this calendar year," Wallace said. The company is also in talks with potential partners for the dealership in cities like Ahmedabad, Ludhiana and Bangalore, he said. Porsche today launched its new car-Panamera, here. It is already selling its models-911, Cayenne, Boxster and Cayman in the country. Panamera is available in three variants-the S, the 4S and the Turbo.


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