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BCG to soon start consultations for Nabard's restructuring
Management consulting firm Boston Consultancy Group (BCG) will soon start consultations with National Bank for Agriculture and Rural Development (Nabard) to prepare a roadmap for its restructuring.

Nifty may correct further next week
The Nifty closed in the red on Friday due to profit-booking at higher levels. For the last nine trading sessions, the Nifty has been making lower lows and lower highs, which is a bearish indication. According to a technical analyst at HDFC Securities, unless the index stops making new intra-day lows, the correction will continue.

News of the day

India Inc settles for smaller M&A deals
ICICI Bank’s Global Head (Investment Banking) Kalpesh Kikani says the time for multi-billion dollar deals is over. “India Inc’s appetite for large deals has gone down. In any case, financing such deals would be tough,” he says.
Business Ideas

GM to commercially launch electric car, e-Spark in Oct

Auto major General Motors India today said it will commercially launch electric car Spark in October this year which could be priced at around Rs 7 lakh. - Detroit"s big three post double digit fall in 2009 sales - US eclipsed by China in 2009 auto sales - Maruti eyes expansion to defend 50% share - GM seeks incentives for green cars - Small, green cars set to rule at Auto Fair - GM launches new mini car Beat, expects 40% sales surge this year "We are looking at initially manufacturing 5,000 units of the car (e-Spark). The car will roll out from our Talegaon, Maharashtra facility from October this year," GM India President and MD Karl Slym told PTI here. E-Spark would be produced in technical collaboration with Reva electric car company. Reva would provide battery technology for the e-Spark. GM India showcased e-Spark in the presence of Delhi Chief Minister Sheila Dikshit today.


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