India’s largest car maker, Maruti Suzuki India, on Friday launched its latest small car Ritz in both petrol and diesel variants, offered at an introductory price of Rs 3.90-4.99 lakh.

“Ritz is our parent Suzuki’s fifth global model and it will be the first Bharat Stage-IV emission norms compliant Indian car. We have launched it at the beginning of the fiscal and we hope it will bring excitement in the market,” Maruti Suzuki India Managing Director and CEO Shinzo Nakanishi told reporters..

Read More @ http://tiny.cc/sYXnw


petrol pumps go dry Oil PSUs strike cripples India, petrol pumps go dry

A large number of petrol pumps across the country went dry..

About two-third of the 425 petrol pumps in the national capital did not open because of lack of stocks..

Mumbai also ran out of compressed natural gas (CNG).. but Delhi had enough CNG and piped natural gas stocks to last 7 to 10 days.

At the airports, absence of officers led to delay in refuelling of airplanes and some flight were delayed.

For more information readout @ Oil PSUs strike cripples India, petrol pumps go dry

pc guptaCorporate affairs minister, PC Gupta, talks about taking strict action against Satyam and the future of Satyam’s employees and its investors

Watchout Mr PC Gupta’s speeches @ News on Video in Financial Chronicle  – Jyoti Mukul

Andhra Pradesh chief minister Rajasekhara Reddy on Thursday said the state government has “nothing to do with” deciding the course of action on Satyam and it was up to the Centre to take a call..

Commerce and Industry Minister Kamal Nath had ruled out options for a government takeover of Satyam..

Infosys HR Head T V Mohandas Pai emphasised that the Satyam fraud would not shake global clients’ faith in Indian IT companies..

For detailed news readout @ Satyam Computers

ramalinga rajuUnder attack over 1.6 billion dollar acquisition fiasco of firms promoted by his family, Satyam Computer Chairman B Ramalinga Raju on Wednesday resigned..

Shares of the company also plunged by over 40 per cent soon after the resignations..

For more detail about his resignation tender checkout @ sathyam chief resigns

vikram kotakGreat opportunity to build long-term equity portfolio

Vikram Kotak

Chief investment officer , Birla Sun Life Insurance

Life insurance companies have invested $9.4 billion in equity markets in the first nine months of the financial year 2008-09 against FII outflow of $10.3 billion.

Chief investment officer of Birla Sun Life Insurance, Vikram Kotak, in an interview says with the global deleveraging process nearing its end and FIIs putting a halt to their selling spree, investments by life insurance firms will surely be a big positive for the market. .

More Excerpts from the interview, readout @ Vikram Kotak

If you were to name the man who sprang the biggest surprise on India Inc in 2008, who would you pick from among those captains who regularly hit the headlines? Ratan Tata? Mukesh Ambani? Anil Ambani? Nandan Nilekani?..

Financial Chronicle’s editorial team went through a great deal of CVs and found the man who qualifies for the honour: He is ?.. Checkout @ Financial Chronicle