Hero Motors plans a bike for Rs 8,000.
Byline: Byas Anand NEW DELHI: After no-frills airlines and bank accounts, it's now the turn of a no-frills bike to hit the Indian market. The Hero Group is developing an all-new entry-level bike - based on cycle components - and is planning to price it...

KEL aims to expand order book, post Rel Cap deal.
PUNE: Reliance Capital Pvt Equity has bought 14.81per cent in Kinetic Engineering for Rs 38 crore. "This investment by Reliance Capital will bring us the financial strength, management and business acumen inputs and global business relationships of the Reliance group. We already have an order book of Rs 100...

Hero Motors plans a bike for Rs 8,000.
Byline: Byas Anand NEW DELHI: After no-frills airlines and bank accounts , it's now the turn of a no-frills bike to hit the Indian market. The Hero Group is developing an all-new entry-level bike - based on cycle components - and is planning to price it at...

British engines to power BEST buses.
Byline: ASHLEY D'MELLO MUMBAI: Mumbai commuters will soon go to work in buses with a Chinese chassis, British engine, German gear box and American air suspension. The first batch of 20 new buses will be introduced by the BEST on the Thane-Dadar route which is...

Yamaha plans new marketing arm to sell bikes, choppers.
Byline: Byas Anand NEW DELHI: Japan's leading bike maker Yamaha Motor Corp is adding wheels and wings to its India strategy. Aiming to drive deeper into the Indian market, Yamaha is now planning to set up a separate wholly-owned marketing arm in India to sell its made-in-India...

Reliance Cap acquires 14.81% in Kinetic Engg.
Reliance Capital Pvt Equity, a division of Reliance Capital, has acquired a 14.81% stake in Kinetic Engineering (KEL) through a combination of equity shares, convertible warrants and preferential shares for a total amount of just over Rs 38 crore. Reliance Capital is set to acquire a 14.81%...

Yamaha India to set up 100% marketing arm.
Byline: Shubham Mukherjee NEW DELHI: Yamaha Motor Co of Japan is setting up a wholly-owned marketing subsidiary in the country. The second subsidiary would primarily market the two-wheelers of its existing subsidiary in India and those produced by its arms around the world. Besides, it...

Kinetic Comm to get an Italian spark.
Byline: Parvathy Ullatil and George Smith Alexander MUMBAI: The Pune-based Kinetic group has inked a JV with Ducati Energia, a e100-m Italian maker of electronic components and the erstwhile arm of the fabled Ducati motorcycle company. The Kinetic group company, Kinetic Communications has signed the agreement with...

Cummins net up at Rs 51 cr.
Net profit for Cummins India (CIL) for the quarter ended June 30, '06, rose to Rs 50.8 crore (Rs 35.36 cr) on net sales of Rs 391.4 cr (Rs 328 cr). Share holders approved a final dividend of 100% (which is in addition to a 100% interim...

Steaming ahead for next fiscal.
Byline: Ashish Agrawal Kirloskar Oil Engines has grown at a steady rate of about 15% for the past two financial years. Growth has been similar in the first three quarters of the current year also, with the core engine segment growing at about 17% and the auto...