Tata-owned Jaguar unveils electric concept car

Los Angeles: Jaguar Cars, owned by Tata Motors, has unveiled an electric concept car that can run 900km to a charge, with top speed of 320km per hour, reports PTI.

Christened 'C-X75', it has been created to celebrate 75 years of the company, said Ian Callum, design director, Jaguar Cars.

Mr Callum said that he was very "excited" about the car and loved its design. He said the concept car had everything a Jaguar should be. The car, which will be put on display at the Los Angles Auto Show (beginning tomorrow), has created waves over the past few days after being exhibited in some parts of this city.

Top Jaguar executives insist that the C-X75 was only a concept car and not for commercial sale. Built with lightweight aluminium panels and chassis, the C-X75 is a 4WD vehicle.

Besides being powered by 145KW electric motors at all wheels, it has a pair of micro gas-turbines that provide another 140KW of charge and extend the range to 900km.

The car was first put on public display at the Paris Auto show recently. From here it would travel to China, before it goes back to its garage at London.


India's spice export up 8.11% in Apr-Sept

New Delhi: Driven by a surge in garlic, ginger and chilli shipments from the country, India's spice export jumped over 8.11% to 2.73 lakh tonnes in the first six months of the current fiscal, reports PTI.

The total shipment of spices in the corresponding period of the last fiscal was around 2.5 3 lakh tonnes, the Spices Board said in a statement.

In terms of value, the exports of spices has increased by 15.7% to Rs3,095.35 crore in the April-September period of the current fiscal, as against Rs2,675.13 crore in the corresponding period last fiscal, the board said.

According to Spices Board data, shipments of garlic have increased more than three-fold to 14,750 tonnes in the first half of current fiscal. In value terms, garlic export achieved a five-fold increase to Rs 55.65 crore during the six months, largely due to global shortage of the commodity.

Ginger exports from the country also rose during the period by over two-fold to 4,450 tonnes in volume terms and in 98% to Rs32.47 crore in value terms.

Chilli shipments rose by 28% in the first half of the fiscal to 117,500 tonne.

According to the industry experts, the drop in Chinese chilli production this year has also aided in better realisation for Indian exporters.

Malaysia, Sri Lanka, Bangladesh and Indonesia are main buyers of Indian chilli.

India has exported 4,500 tonnes of garlic in the same period last fiscal, the board said.


Personal finance Thursday

Birla Sun Life MF launches Mobile Investment Manager; ICICI Pru MF revises exit load under Gilt Fund-Treasury Plan; Kotak MF declares dividend under Quarterly Interval Plan Series 7

Birla Sun Life MF launches Mobile Investment Manager

Birla Sun Life Mutual Fund (BSLMF) has launched a mobile platform called 'Mobile Investment Manager' in association with MCHEK India Payment Systems (mChek).

The service is available to existing investors of BSLMF with the benefit of managing their investments from the convenience of their mobile phone. On this mobile platform, an investor can seek portfolio information, make additional purchases, register for SIPs and also make switches and redemptions.

The service allows users to transact from anywhere and at anytime especially those who are always on the move.

Birla Sun Life Asset Management Company is a joint venture between Aditya Birla Group.

ICICI Pru MF revises exit load under Gilt Fund-Treasury Plan

ICICI Prudential Mutual Fund has revised the exit load under ICICI Prudential Gilt Fund-Treasury Plan with effect from 19 November 2010. Now, the exit load will be 1% if investment is redeemed within six months from the date of allotment under all the options of the scheme. This load will be applicable to all transactions including SIP/STP/SWP and micro SIP. Earlier, the exit load was nil.

The exit load will not be applicable to switches made from the scheme to any equity schemes of the fund house, except ICICI Prudential Index, ICICI Prudential Equity & Derivatives-Income Optimizer and ICICI Prudential Growth Fund.

Kotak MF declares dividend under Quarterly Interval Plan Series 7

Kotak Mutual Fund has declared dividend under the dividend option of Kotak Quarterly Interval Plan Series 7. The record date is 23 November 2010.
The quantum of the declaration will be 100% of the distributable surplus as available under the plan(s) on the record date.


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