• Sign Up
  • |
  • Sign In Sign Out
  • |
  • Make us your home
  • |
  • RSS
1 2
1 15
1 4
1 9
1 13
1 25
IPO
1 5015
1 5013
  • Some rise in NPAs expected in ICICI's domestic retail biz
  • ICICI to perform in line with Indian banking industry
  • Profitability impacted due to MTM hit on overseas invst
  • Exposure to Lehman, Bumi Bank to not impact earnings
  • Capital position of ICICI remains comfortable
  • No change in rating on ICICI Bank: S&P
  • Taking total order size to 1000 numbers
  • SEBI looks at possible manipulation of stock price
  • Files complaint against suspected cartel of broker
  • ICICI alleges cartel of brokers spreading panic
  • Files complaint with Police's Eco Offence Wing
  • ICICI Bank files complaint with Mumbai Police
  • Indian market fundamentals remain strong and resilient
  • Stronger credit demand may pressure India's rates higher
  • Fund flows enough to meet current account gap this year
  • India faces downside risk due to crisis: RBI
  • Q1 PAT at Rs.26.15 cr; Net sales at Rs.157 cr
  • August Electricity growth at 0.8% vs 9.2% (YoY)
  • In talks with SEBI about issues around short selling
  • IIP not accurately reflecting some critical factors
  • Market weakness attributed to global credit crisis
  • Investment to GDP ratio, trade flows remain robust
  • Receives 2nd export order of 500 Logans for South Africa
  • FM sets up emergency panel to study liquidity situation
  • Special Panel Meeting on Monday
  • Sensex & Nifty have the worst week ever
  • Wipro down 22%, TCS down 20%, Infosys down 12%
  • ICICI down 28%, HDFC Bank down 18%, SBI down 9%
  • Sterlite down 31%, Tata Steel down 27%, Hindalco down 17%
  • HDIL down 43%, IBREL down 40%, Orbit down 38%
Updated: 24/02/2008 | 11:54 AM IST
Tata Motors confirms air-car project
Indo Asian News Service
Sunday, February 24, 2008 (London)
Comments:
Read (0)
Tata Motors Ltd has confirmed that it is collaborating to develop an air-powered car with French inventors.Tata Motors Managing Director Ravi Kant told that his group last year signed an agreement with MDI, a private French company developing cars driven by compressed air.

"It's a very exciting concept, this way of running a car. We hope something will come out of it," Kant said.

He confirmed Tata Motors had the technology rights for India and was "studying whether it can be used".

Tata was looking at applying the technology for both mobile and stationary uses, he added.

Reports last week said Tata was looking at the feasibility of applying the technology to power generation. According to MDI, which is based near Nice, compressed air technology can be applied to emergency generators.

Guy Negre, the French engineer who is working on the invention, was quoted saying last week his five-seater OneCat, with zero emissions in cities, will be marketed within a year.

"The first buyers of the air car will be people who care about the environment," Negre said, adding: "It also has to be economical."

However, Kant stated that the group had "not yet announced when we will have a car".

A representative of the French company said Tata had bought rights to its engine, but not its car concept.

The paper said the car would be run by compressed air tanks at speeds below 50 km per hour, and by petrol, diesel or another fuel at high speeds.
Comments:
Read (0)
Comments
 
Market Watch
Graphs
Stocks
Trading Calls
Hemen Kapadia
Hemen Kapadia
-1.12% status
Current: Rs 163.75
Rajish Dhall
Rajish Dhall
-19.26% status
Current: Rs 515.3
Stock Recos
I suggest the investor to remain invested at current levels
I advice the investors to book profit at these levels
Buy or Sell
Today's Analyst: Sanjay Surekha
Query : Barina Shah, a student from New Delhi, has 100 Ambuja Cement shares at Rs 133/share.