Diesel prices for passenger cars may rise

FM says the govt. will look for ways to remove subsidy on diesel used in passenger cars. If implemented, fuel price will rise by Rs 6.82/litre for diesel car owners. Passenger cars account for 15% of diesel consumed in India, next only to trucks (37%) Dual pricing of diesel will be touch to Click to edit and could create implement Master subtitle style a parallel economy. Car makers fear the move will hit auto sales.

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Factional fights within the Karnataka BJP government The rival camp within the BJP government in Karnataka, headed by Jagdish Shettar, boycotted Karnataka CM D V Sadanand Gowdas swearing-in ceremony on Thursday. Of the 34 ministers that the govt. can have, the Shettar camp wants 17 posts, an equal share in the ministry. Click to edit Master subtitle style They also insist on a coordination committee involving 5 members from each group and an equal share of appointments to statutory bodies. A heavy bargaining is on for the posts of the three deputy chief ministers. Neither Gowda nor Yeddyurappa have 4/27/12 accepted the demands of the Shettar camp

Real time information on parking availability through SMS

Traffic police have initiated an SMS based information system wherein people could get information on parking availability by sending text BTIS PARK to 52225 Once a person sends a text , s/he will get a reply with all the parking lots and their status. The major parking lots in the city are Click to edit Master subtitle style connected to traffic management centres. Parking space availability information will be passed on to the traffic management centres and information will be made available for the public through the SMS service. As of 2011, the number of vehicles registered in Bangalore is approx 45 lakh.

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Attendance and internship optional at IIM-Bs PGP course

Students with at least 34 months of work experience need not go in mandatory summer internships Instead they can explore entrepreneurship, work for an NGO or take up a research project under a professor. Minimum 75% attendance done away with. Click to edit decide whether Faculty will Master subtitle style there should be a cap on attendance. Hitherto, students with less than 75% attendance had to lose a grade point. To offer greater variety, some of the 10-week courses cut to 5 weeks.

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Google says Apple, MS trying to kill Android

Google on Thursday accused Microsoft, Apple and Oracle of joining hands to kill Android operating software by using bogus patents campaign. More than 550,000 Android devices are activated everyday. Google, Microsoft and Apple are competing to Click to edit Master subtitle style best each other in smartphone and tablet market. Recently when Google tried to purchase patents from Nortel to strengthen its portfolio, MS and Apple along with four other companies came together to outbid Google by paying $4.5bn for over 6000 patents.

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Marked-up luxury goods still fly off shelves Even with the economy in a funk and many Americans pulling back on spending, the rich are again buying luxury items. Luxury goods stores which fared much worse than other retailers in the recession are zooming. Click to edit Master subtitle style Many high-end businesses are marking-up rather than discounting items to attract customers who equate quality with price. Tiffanys first quarter sales were up 20%, Louis Vuitton and Givenchy reported sales growth of 13% and Gucci and Yves Saint Laurent gained 23% in 2011 H1. BMW sales rose 16.5% and its 4/27/12 quarterly profits doubled, Mercedes-Benz sales

Sony rules out exiting TV business Sony on Thursday ruled out dumping its television business or dissolving a TV panel partnership with Samsung Electronics in an overhaul of its loss making TV unit that will take shape this Click to edit said that style month. ItMaster subtitletelevisions were a core business and that it would consider new partnerships to review the unit. Sony is heading for its 8th straight year of losses in the TV business as it struggles to compete with Samsung and other lowercost Asian rivals. 4/27/12

Hitachi-Mitsubishi in talks to create $150bn behemoth

A Hitachi-Mitsubishi heavy merger would create a $150Bn revenue infrastructure firm second only to GE. Hitachi has a market value of $27bn, making it the likely dominant partner. Mitsubishi Heavy was valued at nearly $16bn as of Wednesdays closing price.

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Boxer to pack a punch

Bajaj Auto on a retro ride this month with Boxer, the model that was discontinued in the domestic market in 2007. While the old Boxer came with a 100 cc engine and was withdrawn as it was becoming economically unviable, the new model would sport a larger 150cc engine and will be pitted directly against the worlds largest selling Hero MotoCorps.

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Earth once had two moons: Study Earth may once have had two moons- the one which shines at night and a smaller companion which perished in a slow motion collision with its big sister, a new research has suggested. The collision may explain why the two sides of the surviving moon are so different from each other. to edit Master subtitle style Click

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