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FIIs to obtain RBI nod for buying Maruti shares
The Reserve Bank of India (RBI) today said that foreign institutional investors (FIIs) would be allowed to buy more shares of Maruti Suzuki but only after obtaining approval from the central bank.

Andhra seeks Rs 6,000 cr advance fund for flood rehab
Andhra Pradesh today sought Rs 6,000 crore as an advance fund for the rehabilitation and restoration works in the state after heavy floods, which it wanted to be declared as a "national calamity with rare severity".

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Markets at a glance
A sell-off in global stocks and disappointing earnings numbers from a few big corporates pulled down the key indices during four out of five trading sessions in the week. The BSE Sensex fell below the 17,000 mark and ended the week down 695 points or 4 per cent to 16,860.
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Maruti to drive out new Zen Estilo with KB-series engine

The country"s largest car maker Maruti Suzuki India (MSI) has firmed up plans to roll out its small car Zen Estilo on August 25 which is equipped with the latest KB-series engines. - Maruti Suzuki to set up R&D base in Haryana - Exports to cross 100,000 units in FY10: Maruti - Exports to cross one lakh units in FY"10: Maruti Suzuki - Maruti sales jump 33.36% in July - Sensex up on Maruti show - IndusInd Bank ties up with Maruti Suzuki The small car would be produced from the company"s Gurgaon plant along with other two small cars -- A-Star and Ritz -- which also have the KB-series engine, sources added. Riding on the success of the new fuel-efficient technology, MSI planned to bring the KB-series engines in other existing as well as new models. It had set a target to gradually introduce this next generation light-weight fuel efficient engine series on other models over a period of next 3-5 years. The company currently produces Bharat Stage-III, Bharat Stage-IV and Euro-V emission norms compliant KB-series engines. It produces two different petrol engines- 1 litre (A-Star) and 1.2 litre (Ritz) from the fully integrated engine manufacturing facility, located at MSI"s Gurgaon plant. Within 10 months of production of the KB-series engines, MSI had last month rolled-out over one lakh units of A-Star and Ritz. According to Automotive Research Association of India (ARAI), A-Star gives a mileage of 19.6 km per litre, while Ritz runs 17.7 km in every litre of petrol. The engine facility with a production capacity of 2.4 lakh units per annum was a part of the Rs 9,000 crore investment plan announced earlier by Suzuki Motor Corp, MSI"s parent.


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