Bajaj Auto to launch ‘Qute’ in 16 countries

New Delhi
Bajaj Auto plans to start exporting its much-delayed quadricycle, christened as Qute, across various global markets by month-end even as it awaits the Supreme Court verdict to introduce it in the domestic market. The four-wheeler mini passenger vehicle, which was earlier known as RE60, would be launched as Bajaj 'Qute' in 16 markets in Latin America, Africa, Europe and Asia at price of around $2000. PTI
Mumbai
Forex reserves up $631.5 million to $352.02 billion
The nation’s forex reserves rose by $631.5 million to $352.02 billion in the week to September 18 due to rise in foreign currency assets, according to RBI data. In the previous week, the reserves had jumped by $2.35 billion to $351.38 billion. PTI
New Delhi
Fund manager: India needs to repudiate retro tax laws
India needs to repudiate retrospective tax laws to get foreign investments for achieving double digit growth rate, said a Los Angeles-based fund manager. Stan Majcher, Portfolio Manager and Principal, Hotchkis and Wiley Capital Management, said the sooner the government resolves the tax issues facing Vodafone and Cairn Energy, sooner global investors will be more comfortable spending their money in India. PTI
Coimbatore
IOC to invest Rs 1.5 trillion in next seven years
Indian Oil Corp will invest Rs 1.5 lakh crore, including Rs 50,000 crore for expanding its existing brownfield refineries, in the next five to seven years, a top company official said on Friday.