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Popular Articles

Barista to invest Rs 40 crore
Barista Coffee Company is looking at registering its maiden net profit next financial year. Currently the company is registering operating profit with a turnover of Rs 150 crore.

Sensex swings zones; DLF slips 4%
The Sensex is swinging between zones owing to alternate bouts of buying and selling. The index is now at 16,878, down 34 points.

News of the day

HAL to produce Boeing-777 parts in Bangalore
Hindustan Aeronautics Limited (HAL), the Bangalore-based firm which operates under the Ministry of Defence, has signed an agreement with Boeing to work together with the US plane maker for the production of flaperons for the Boeing’s 777 series commercial jetliner.
Corporate

Hyundai to invest $40 mn for setting up R&D centre

The country"s second-largest car maker Hyundai Motor India today said it would invest $40 million for setting up an R&D centre in India next year. - Toyota in talks with vendors to reduce investment on mini car - Hyundai plans to increase i20 export by 53% - Hyundai to introduce Santa Fe next yr, 800cc car by 2011 - Maruti Suzuki aims over 10% jump in FY10 sales - Fiat India secures Rs 2,500 cr funds - Car makers betting on premium hatchback to drive growth The company would also recruit up to 1,000 engineers for the new centre. "We are investing $40 million for the R&D centre which will be opened in Hyderabad next year and we will recruit 800-1,000 engineers for the centre," Hyundai Motor India Managing Director H S Lheem told during the SIAM Annual Convention here. He said the research and development centre would be used for computer analysis and design of new vehicles. But there is no plan for actual testing, Lheem added.


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