Led by strong manufacturing and services growth, the economy expanded 8.8 per cent in the quarter ended June, which has been the fastest pace in nine quarters. Though the performance of the agriculture sector was subdued during the quarter, both the government and economists expect it to pick up in the coming quarters as kharif sowing has been healthy after good monsoons.
The growth plans of a leading provider of bespoke automation machinery are back on track after Business Link West Midlands (BLWM), Birmingham City Council and Investbx joined forces to provide a solution to the company’s fundraising problem.
The comments come in the wake of a deal struck over the weekend between Magna, General Motors and the U.S. government for the sale of parts of its Opel unit.
Under the U.S. Federal Reserve's Term Asset-Backed Securities Loan Facility (TALF), the central bank will make loans to investors to buy asset-backed securities.
French President Nicolas Sarkozy said Thursday France would put "a lot of money" into aid for the car industry, which is one of France's biggest employers.
The move by Tata, which bought the luxury carmaker earlier this year for $2.3 billion (1.6 billion pounds) from Ford, comes on top of "hundreds of millions" of working capital it has provided to the B