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Ebony Gautier to invest Rs 100 cr for expansion
Home furnishing retail chain Ebony Gautier is planning to invest Rs 100 crore over the next three years to expand its retail business and set up 20 large format speciality outlets across the country.

CAT blame game: IIMs and NIIT new targets
Even as day three of the computer-based Common Admission Test (CAT) continued to add to the anxiety of the student community, academicians have shifted the blame game from Prometric to the Indian Institutes of Management (IIMs) and NIIT, accusing them of adopting a highly casual attitude. Prometric bagged the contract from IIMs to conduct computer-based CAT this year in partnership with NIIT. “The IIMs could have done more than just outsourcing the exams to Prometric. By blaming Promertic, IIMs can’t acquit themselves. If one-sixth of the 304 test labs fail, it’s an absolute joke of an examination. A little control on part of the IIMs could have helped,” said a professor from a B-school which accepts CAT scores for admissions.

News of the day

Doctors take management lessons for better pay
More doctors and healthcare professionals are joining management schools, turned away by the limited number of seats for a post-graduate course in medicine and the prospects of a better pay package after graduating from a B-school.
Public Relations

Mercedes-Benz launches 1st luxury hybrid model in Japan

Mercedes-Benz Japan Co, an arm of Daimler AG of Germany, released the S-Class hybrid sedan today, becoming the first foreign automaker to roll out an electric-gasoline model in the Japanese market. - Mercedes-Benz India expects to sell 60% C-Class model in Gujarat - Mercedes-Benz launches special edition model in India - Save the Clunkers - Sales to stagnate in 2009: Merc MD - 2009 sales may disappoint Mercedez-Benz - Mercedes to sell 100 units in eastern India The luxury "S-Class Hybrid Long" is priced at 14.05 million yen and has about 30 per cent better fuel efficiency than its previous model, becoming the first imported car to be eligible for the Japanese government"s tax breaks for fuel-efficient cars. With the Japanese unit of Germany"s BMW AG also planning to roll out a hybrid model next summer, foreign automakers are jumping into the heated hybrid race currently being run by Toyota Motor Corp"s Prius and Honda Motor Co"s Insight. The S-Class hybrid, which has been available in Europe since June, is equipped with a 3.5-liter gasoline engine and a compact electric motor that is powered by lithium-ion batteries which are lighter than the nickel metal hydride batteries currently used in most hybrid cars.


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