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Govt defers Pepsico's proposal
The government has deferred a decision on a proposal by food and beverages major Pepsico to induct additional equity worth about Rs 930 crore in its Indian subsidiary. The proposal for induction of foreign equity (by Pepsico) has been deferred, an official statement said, without specifying reasons for the deferment.

One teases, the other eases
Teaser and step-up home loans may look similar in the beginning, but they work out differently in the later years

News of the day

Three Indian students thrashed robbed in Australia
In the backdrop of racial attacks against Indians, three students of the community were bashed and robbed when they were returning home at night.
Corporate

Hyundai to invest $40 mn for setting up R&D centre

The country"s second-largest car maker Hyundai Motor India today said it would invest $40 million for setting up an R&D centre in India next year. - Toyota in talks with vendors to reduce investment on mini car - Hyundai plans to increase i20 export by 53% - Hyundai to introduce Santa Fe next yr, 800cc car by 2011 - Maruti Suzuki aims over 10% jump in FY10 sales - Fiat India secures Rs 2,500 cr funds - Car makers betting on premium hatchback to drive growth The company would also recruit up to 1,000 engineers for the new centre. "We are investing $40 million for the R&D centre which will be opened in Hyderabad next year and we will recruit 800-1,000 engineers for the centre," Hyundai Motor India Managing Director H S Lheem told during the SIAM Annual Convention here. He said the research and development centre would be used for computer analysis and design of new vehicles. But there is no plan for actual testing, Lheem added.


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