2. Nano may become available overseas in a year or two: Forster Nano, the made by India's Tata Motors , could be available overseas in a year or two, said the company's CEO Carl-Peter Forster. "We don't know yet, but in a year or two perhaps," Forster told the Bloomberg TV in an interview. "We are looking at that very carefully," he said when asked about would one be able to buy the miracle car outside India. "Because first of all we would like to satisfy local demand. We believe that it is in current and present form a car for developing markets. So we're looking at specific developing markets. So if you're living in one of these developing markets, Asia for example, possibly Africa, possibly Latin America, you might be able to buy(in a year or two perhaps)," he said.
3. When asked about cases of a few Nanos catching fire, Forster said it is being investigated. "There were three or four cases. We are finding out what it is. It's a strange mix of some misuse, some after-sales equipment. And we are getting to the bottom of it. We have to find ways to protect against some of the misuse," he said. Talking about the smallest Range Rover ever introduced he said: "We introduced a small Range Rover today, which is the smallest ever, almost two sizes smaller than the current smaller Range Rover. Great demand. Great interest. Call it - Let me call it that. It will be in the market next year." The Tata Motor CEO said they are making money with Jaguar, Land Rover combined. "It's a combined entity. We have to look at it as a combined entity. We've made good money in the first quarter of the fiscal year, yes," he said.
4. US losing competitive edge to India, China, Germany: Obama Accusing "special interests" of stymying his efforts to rebuild the , President says they have created new energy technologies and high-skilled jobs "not in America, but in countries like China, and Germany". "Our future as a nation depends on making sure that the jobs and industries of the 21st century take root here in America," he said in his weekly Saturday web and radio address. "There is perhaps no industry with more potential to create jobs now - and growth in the coming years - than clean energy," Obama said. But for decades, "progress had been prevented at every turn by the special interests and their allies in Washington".
5. Obama said his administration has made an historic commitment to promote clean energy technology to create "hundreds of thousands of new American jobs by 2012" for building high-tech vehicle batteries, electric cars, hybrid trucks, creating wind farms and solar plants. "With projects like this one, and others across this country, we are staking our claim to continued leadership in the new global economy," but "there are some in Washington who want to shut them down," Obama said accusing opposition Republicans of promising to scrap all the incentives for clean energy projects. "This doesn't make sense for our economy. It doesn't make sense for Americans who are looking for jobs. And it doesn't make sense for our future," he said. "To go backwards and scrap these plans means handing the competitive edge to and other nations."
6. SCI expanding fleet, to acquire 8 this year: Vasan To meet the needs of growing Indian economy, the Shipping Corporation of India has embarked on an ambitious fleet expansion plan and ordered 28 new vessels, eight of which will be delivered in 2010, the government said today. "SCI has embarked on an ambitious acquisition plan. At present, 28 new vessels are on order, of which 8 are expected to be delivered in 2010," Shipping Minister G K said at the golden jubilee function of SCI. He said SCI has planned acquisition of 50 vessels of 2.10 million GT by 2015 and another 40 vessels by 2020.
7. Pointing out that SCI is the only shipping company in India to venture into the highly specialised LNG transportation, the President expressed hope that the public sector company will have a leading role in transporting various forms of energy. Deorasaid SCI has to play more important role now as the country's refining capacity has increased manifold. Finance Minister PranabMukherjee expressed hope that SCI, which is a Navratna company, will get Maharatna status one day. Patilalso asked the shipping industry to increase its focus on security. "In the current global climate, the challenge for the is to ensure security. Hence, there should be greater vigilance towards security of personnel and cargo," she said.
8. Microsoft sues Motorola over Android phones Microsoft Corp sued Inc for patent infringement on the handset maker's line of , the latest development in a web of legal actions in the evolving smartphone business. Microsoft, the world's largest software company, said on Friday that it sued Motorola for infringement of nine Microsoft patents in the Android-based smartphones, which run on software built by Google Inc. Microsoft makes its own Windows phone software. The patents relate to synchronizing email, calendars and contacts, scheduling meetings and notifying applications of changes in signal strength and battery power, Microsoft said in a statement. A Motorola spokeswoman did not have an immediate comment. Microsoft said it filed actions at the International Trade Commission and in the US District Court for the Western District of Washington.
9. Rupee posts best weekly rise in 9 months The rupee posted its best in nearly nine months on Friday boosted by robust and tracking broad losses in the versus major currencies overseas. The partially convertible rupee closed at 44.47/48 per dollar after hitting 44.46, its strongest since April 30 and 1.1 percent above Wednesday's close of 44.94/95. "Capital inflows and prospects of more in the near future is helping, with possibly oil and import covering seen." The rupee gained 3.4 percent in the September quarter when foreigners moved more than $11 bn into Indian stocks, chasing potentially better returns in the fast-expanding economy. Robust foreign fund inflows drove Indian shares to 33-month highs on Friday while strong auto sales in September pushed key auto stocks higher helping the benchmark index post its fifth weekly gain.
10. Net equity inflows in 2010 now stand at a record $19.2 bn, above last year's $17.5 bn. "Our March 2011 outlook remains at 44.00. Looks we're almost there already, so may be we have a downside risk on our forecast, but must remember though that our c/a deficit etc. remains an issue," Standard Chartered'sNarayan said. "Looks like we will overshoot on INR strength, based on capital inflows in the short run, but then we should have a pullback in $INR, once the flow has gone through.“ India's current account deficit widened in the June quarter from the previous three months due to higher merchandise trade gap and lower earnings through services, roughly in line with market expectations.
