Mahabharat Motors promoted by Indonesia`s Salim group, will begin production of two-wheelers by June next year The company said the project cost would be Rs 12 billion and the two-wheelers would be produced under the brand name of TVS.


In the largest bank failure in U.S. history, Washington Mutual Inc. gave in on Thursday to the fallout from the subprime crisis. It was seized by federal regulators and then acquired by JP Morgan.


Tata Motors raises Rs 4.87 bn via stake sale in Tata Steel