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Tata Motors to focus on alternative fuels NEW DELHI: Tata Sons chairman Ratan Tata, who chaired the Steering Committee of National Hydrogen Energy Board, said on Monday that Tata Motors is partnering in a big way to develop alternative fuels in the country. He said that even though the technology remained elusive and posed problems in generating, storing and delivery but the "challenges are not insurmountable". Mr. Tata said that India has the strength, both technical and scientific to play a role among the developed countries. "We use vehicles run on bio-fuel for our employees in our campuses. We are

HCL to jostle with PE duo for Cambridge Promoters Seeking Exit Price Of Rs 160 Per Share THE final line-up of suitors for the $420-million acquisition of Cambridge Solutions— among the biggest In the Indian tech space— has HCL Technologies pitched against buyout private equity giants Carlyle and Permira. ET had first reported the names of Carlyle and HCL. But the entry of Primera, the largest European buyout fund, appears to be recent, say sources. If it retains interest, this could be Permira's first India play. The company, which mopped up about $ 12 billion last year, has battled US buyout funds Blackstone

Hero Honda's Pleasure trip to have new model TWO-wheeler major Hero Honda is aiming for a smoother ride in the growing scooterette market. The company is going to launch the next-generation model of its scooterette brand Pleasure, with a new marketing campaign aimed at larger market share in tier-two cities. Hero Honda has roped in actress Priyanka Chopra as its mew brand endorser. Besides, the automaker would focus on driving schools for women and setting up more women-centric dealerships. Says Hero Honda vice-president (marketing & sales) Anil Dua, "Since we launched the scooter last year, we haven't played around much with the

Takeover or A Marriage: Idea & Spice yet to decide Birlas Want To Acquire Spice, Modis Think Merger Is A Better Idea MERGER or acquisition? This is the billion-dollar question around which hinges the deal between Idea Cellular and Spice Telecom. The two companies, along with Telekom Malaysia (TM) that holds 49% stake in Spice, are yet to work out an amicable arrangement. While Idea, in which the Birlas own 57% stake, wants to fully acquire Spice, the Modis-promoted company is keen for a merger, sources told ET. "From a market perspective, a marriage of the two is a perfect fit. But who's