$1 bn Japanese aid for 2 projects
Japan's keenness to drastically step up business relations with India was also evident in Japanese Prime Minister Yoshiro Mori's address at a meeting organised by the Federation of Indian Chambers of Commerce and Industry on Thursday.



Car sales dip 13.3% in July
Passenger car sales continued on the tailspin falling by 13.3% in July to 47,375 cars, mainly on account of a sharp dip in sales of India's largest car maker Maruti Udyog Ltd (MUL).



Reliance approaches IRDA for insurance licence
The move by corporates to enter the insurance sector has gathered momentum with the Reliance group filing applications for two ventures with the Insurance Regulatory and Development Authority.



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