Honda dumps India for Thai
New Delhi, Feb. 5: Japanese carmaker Honda will make Thailand the export hub for its upcoming small car, according to a top official of its Indian subsidiary.
Toyoto apologises for recall
TOKYO, Feb. 5: Toyota’s president apologised on Friday for the massive global recalls over sticking gas pedals as the automaker scrambles to repair a damaged reputation and sliding sales.
Pathologist to take outsourcing to new areas
Hyderabad, Feb. 5: Outsourcing may be a bad word for US President Barack Obama. But his speeches against taking business out of America appear to have hardly made any difference to India as it continues to attract entrepreneurs from foreign shores to benefit from its large pool of low-cost talent.
Get started early to retire happily
Mumbai, Feb. 5: Dozens of Bollywood dramas have centred around old parents being mistreated by their children. Clearly, Amitabh Bachchan in Baghban or Rajesh Khanna in Avtaar didn’t take the time out for retirement planning – where you set aside a nest egg
Telecom officials, firms in huddle over MNP
NEW DELHI, Feb. 5: The telecom department is likely to hold a meeting with the telecom operators on the implementation of mobile number portability (MNP) next week, according to well-placed sources.
Church of England sells Vedanta stake
London, Feb. 5: The Church of England has sold all its stake in mining giant Vedanta Resources on concerns over the company’s human rights record. The Church of England had held shares in Vedanta worth approximately £3.8 million.
Top Guns
Union commerce and industries minister Anand Sharma with UK business secretary Peter Mandelson during the joint economic and trade committee talks at Lancaster House in London on Thursday morning. PHOTO: Asian Age
Inflation fears dog Parikh report rollout
Mumbai, Feb. 4: The markets don’t seem to be buying the government’s intent to act of the latest report on restructuring India’s oil sector. However, they are factoring in a small increase in prices of petrol, and perhaps even a small hike in diesel prices. The key measures suggested in the report — freeing up prices of diesel and petrol — are likely to be given a miss though.
Food inflation touches 17.56%
Mumbai, Feb. 4: Food price inflation for the week ended January 23 stood at 17.56 per cent, up compared to the last week. However, this is lower than the value earlier in the year, when the figure was close to 20 per cent.
UK, India eye defence ties
London, Feb. 4: India and Britain have agreed to prioritise collaboration in defence and high-end manufacturing, UK business secretary Mr Peter Mandelson and the Union commerce minister, Mr Anand Sharma, said on Thursday at the beginning of joint economic and trade committee talks.