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Tatas, Fiat planning to introduce Nano in Latin America
Tatas is planning to introduce its small car Nano in Latin America in partnership with Italian auto maker Fiat.

India to start building 20 km roads per day by April: Nath
Road Transport and Highways Minister Kamal Nath said here that India had increased its per-day construction of roads to 9 km and the target of developing 20 km daily would be accomplished by April.“We have reached 9 km per day of road construction and will hit our target of 20 km a day by April,” Nath, who was here to hold talks with the Malaysian government to invite them to enter the highway construction sector in India, said.Thirty-five Malaysian companies are already involved with various infrastructure projects in India.To construct 20 km of raods a day or 7,000 km a year, there had to be 20,000 km of work in progress, he said.

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UltraTech board okays Samruddhi Cement merger
Samruddhi Cement, a wholly-owned subsidiary of Grasim Industries, is all set to merge with UltraTech Cement – Grasim’s another subsidiary, on July 1, 2010. The merger, to be completed by September 2010, will result into world’s tenth-largest cement maker.
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LG to hire 4,000 to give AC sales a push

Korean consumer durables maker LG Electronics today said it will hire around 4,000 people in India in next three months to enhance its after-sales services in the air conditioner segment. - LG sets up brand shop - Sub-Rs-7,000 fridges the new battleground - Durable firms plan price rise by March - LG aims to sell 3 lakh units by 2010 - Durables companies fast-track single-brand stores - LG India to invest Rs 200 cr in SMB biz The company"s Indian subsidiary LG Electronics India has been on a hiring spree since the last six months recruiting around 6,000 people. It is targeting to achieve 50 per cent sales growth in the AC segment to Rs 2,500 crore this year. "This year, our focus will be improving our aftersales services. We plan to expand our centres as well as open 24 hour service centres in the metros. So, we will be hiring another 4,000 people by March for the purpose," LG Electronics India (Business Head - Air Conditioners) Ajay Bajaj told PTI. He said the company planned to have a total strength of 10,000 people in the next three months in its AC aftersales team across the country. LG, which expanded its portfolio in the AC segment by adding another 10 models, has earmarked an investment of around Rs 55 crore for this year on installations and other marketing activities. Besides, the company, which has around 450 service centres, is planning to add 100 more centres across the country as well as double its retail presence to 4,600 outlets by year-end. On the back of the initiatives, LG is aiming to achieve a sales of Rs 2,500 crore by the end of this year, a 50 per cent jump as compared to last year, Bajaj said.


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