New Delhi: Tata Motors Ltd, India’s largest automobile maker, may be just around a year away from launching the first of two vehicles that are the outcome of its collaboration with British marquee brands Jaguar and Land Rover (JLR), which it acquired eight years ago for $2.3 billion from Ford Motor Co.

Tata Motors has awarded contracts to three key Indian auto parts suppliers to source components for sport utility vehicles (SUVs) being built in association with JLR, two people directly involved in the matter said on condition of anonymity.

German luxury carmaker Mercedes-Benz on Wednesday commenced the production of its new generation car CLA sedan in India.

“Local production will make the CLA even more attractive for the discerning buyers with additional value propositions and increased availability,” Mercedes-Benz India MD & CEO Eberhard Kern said in a statement.

Walt Disney Co’s studio unit said customers of Amazon.com Inc and Microsoft Corp’s video services will get access to the collection on its cloud-based movie storage service from Tuesday.

Studios like Disney, which has made blockbuster films like “Frozen” and Marvel’s “Guardians of the Galaxy,” have been attempting to steer movie fans towards digital purchases as sales of DVDs decline.

The BSE Sensex and NSE Nifty on Wednesday are likely to open higher tracking SGX Nifty and strong global cues.

At 8.15 am (IST), SGX Nifty was up 108 points, or 1.38 per cent, at 7,844.

Infosys shares gained over 3 per cent in morning trade on Wednesday after the company said that the US Labor Department cleared the IT major of any wrongdoing and has closed the investigation into US Visa violation case.

At 11.15 am, the shares were trading 3.14 per cent higher at Rs 1,092.60. On NSE, the shares were trading 3.17 per cent higher at Rs 1,092.40. Sensex was up 304.40 points at 25,622.27 during the same time.

NEW DELHI: The old Airbus A-320 which made an emergency landing in Delhi on Monday night-leaving 20 passengers injured-had given signs of trouble earlier in the day, but these were either ignored or hastily addressed by the airline.

Author William Dalrymple, who was on this Khajuraho-Varanasi-Delhi flight, told the media that the flight was first cancelled in Khajuraho. All passengers were returned their check-in bags at the airport.

State-run telecom operator BSNL aims to increase its revenues by almost 50 per cent to Rs.42,000 crore in the next four years as part of the Modi-government’s plan to turnaround the loss making firm by 2018-19.

The company’s revenues stood at Rs.28,000 crore during the last financial year (2014-15).

The rupee firmed up further in late morning deals and was trading higher by 18 paise to quote at 66.64 following sustained selling of the greenback by banks and exporters amid weakness of dollar overseas on the back of higher equities.

The domestic unit resumed marginally higher at 66.77 per dollar as against Monday’s level of 66.82 at the Interbank Foreign Exchange (Forex) market.

SBI Mutual Fund on Tuesday launched a close ended income scheme – the SBI Dual Advantage Fund-Series XI . The new fund offer (NFO) opens for subscription on September 8 and closes on September 22; No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against Crisil MIP Blended Fund Index and its fund managers are Rajeev Radhakrishnan and Dharmendra Grover.

MUMBAI: Tata Motors, among the top 10 truck & bus manufacturers' globally, today announced completion of over 100 crore or 1 billion kilometers with Delhi Transport Corporation (DTC) in 7 years - one of the largest CNG-powered bus service operators in the world.

With 2682 buses, including low and semi-floor A/C and Non A/C variants, Tata Motors 2.50 % DTC buses operate from 22 bus depots spread across New Delhi, ferrying over 30 lakh passengers, covering approximately 4.70 lakh kilometers daily, with a fleet availability of 96%.

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