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Work on rail complexes at 66 stations to start soon: Mamata
Construction work on complexes to provide rail users with facilities like shopping and food courts at 66 railway stations will begin in a month, Railway Minister Mamata Banerjee said today.

Gap-down opening for Nifty seen
The Nifty on Friday closed above the resistance level of 5,060 to keep the current bull run moving. The index, however, is expected to face resistance above the 5,100 level next week. The SGX Nifty futures was down by over 50 points over the official close of 5,077 in the over-the-counter (OTC) session on Friday. The US and European markets closed more or less in a Doji pattern, indicating indecisiveness among participants. If this weakness continues, then we may see a gap-down opening on Monday.

News of the day

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.
Public Company

Renault to launch 2 models in India by mid-2011

French car maker giant Renault today said it will launch two models in India in 2011 that will be rolled out from the company"s upcoming Chennai plant. - Renault to launch EVs in India by 2014 - Renault to launch EVs in India by "14 - U"khand may get Bajaj-Renault car project - Steel Strips Wheels bags order from Renault - India Eco Summit: Strengthening public transport - Renault-Nissan finally signs ultra-low-cost deal with Bajaj The company also plans to resume its investment plans for India that was stopped due to the global economic slowdown. "We will be launching our luxury car "Fluence" and our crossover "Koleos" in the second half of 2011, both the cars will come in petrol and diesel versions," Renault India Country GM and MD Marc Nassif told reporters at the 10th Auto Expo here. He said the company plans to roll out its full range of cars in India within two years from now. "Our plan involves introduction of several new cars within 18-24 months and the full range in 48 months time. These cars will be produced in Chennai and we plan to launch the Fluence and Koleos model in 2011," he said. The company"s full range will have small to luxury cars, Nassif said, adding, the company is also close to finalising the plan for a distribution network and it would be announced in the first week of February.


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