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Japan Airlines to cut 1,000 jobs, seek more loans: Sources
Japan Airlines Corp (JAL), restructuring under state supervision, is likely to tap financial institutions for around 170 billion yen in additional loans while considering cutting more than 1,000 jobs through an early retirement program after October, sources said.

Merc E-class eyes top slot in city again
Mercedes Benz’s latest offering in India, the new E-class sedan, could well reclaim the top spot within the Germany luxury car makers’ stable in eastern India. Since 2007, the automobile giant"s lower-priced C-class model has dominated the Kolkata market by selling substantially more, especially during 2008.

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GM India to open five more used car centres
With a view to tap the growing used car market in the country, General Motors (GM) India Limited plans to roll out five more Chevy Ok used car centers within a fortnight. GM India has already opened 17 such centres across the country and these centres have recorded over 500 transactions. “GM India has got a very good response to its used car business in the country. We are going to add five more Chevy Ok centres in different locations within a fortnight,” P Balendran, vice-president (sales), GM India told Business Standard.
Business Ideas

NEWSALERT: ASCIL appoints Ravishankar Gopalan as new Chief Operating Officer

Apollo Sindhoori Capital Investments Limited (ASCIL), the retail broking arm of Aditya Birla Financial Services Group, has appointed Ravishankar Gopalan as their new Chief Operating Officer. - Apollo Sindhoori Capital June qtr net up 30% at Rs 2.71 cr The Chennai headquartered company became part of Aditya Birla Group in March 2009, when the group acquired 76 per cent of the Company through Aditya Birla Nuvo. Details Awaited


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