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Fiat to unveil small car for India in 2012
Fiat India Automobile Ltd (FIAL) is developing a new compact car for the domestic market, which will be unveiled in 2012. The car, being developed for the Indian market in Fiat’s facilities in Turin, Italy, will incorporate inputs from Tata Motors. FIAL is a 50:50 joint venture between Fiat Group of Italy and Tata Motors.

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I&B bats for reduction in FBT for media firms
Reduction in the fringe benefit tax (FBT) from 20 per cent to 5 per cent for media personnel working for both print and electronic media companies was among the demands submitted to the finance ministry today by Ambika Soni, the minister for information and broadcasting (I&B).

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Govt approves extension of order benefits to sick ITI
In an attempt to revive loss-making telecom equipment manufacturer ITI, the government today approved a proposal under which the company will continue to get orders for 30 per cent of products requirement of BSNL and MTNL in reservation quota.
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No differences with Mulayam: Amar Singh

Samajwadi Party leader Amar Singh today said as his resignation from key posts was not yet accepted by Mulayam Singh Yadav, he would not be able to actively participate in party-related issues. - Jeera futures prices likely to firm up - Amar Singh rules out withdrawal of resignation - Muslim MLAs demand Amar Singh"s expulsion - Aditi Phadnis: Keeping the SP together">Aditi Phadnis: Keeping the SP together - Amar Singh defends Pawar on price rise issue - Hearing in Dadri case hits roadblock "My resignation has not been accepted by Mulayam ji. I hold him in high esteem and he is my well wisher. However, I am just an ordinary party worker now and, therefore unlike earlier, I will not be able to participate in party-related issues," Singh told a TV channel here. He, however, added he had no differences with the SP chief. "I have no differences with Mulayam Singh Yadav. However, in reply to Ram Gopal"s comment that film actors have not been beneficial for the party, I would like to say that Jaya Bachchan is in the party on her own esteem and Jaya Prada (party"s Rampur MP) has broken the Congress stronghold there," Singh said.


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