Munich, April 12, : German car producer BMW Group has recalled almost half a million cars with 6-cylinder engines, since realising that a screw in the engine compartment could possibly break and damage the engine in rare cases, a company official said Friday.
Around 489,000 cars with 6-cylinder engines that were manufactured between September 2009 and November 2011 are involved in the recall, Xinhua reported.
BMW has already made the recalls public in China and America, with about 232,000 and 156,000 cars, while 20,000 in Canada, 10,800 in Germany and 8,600 in Japan, German media cited the spokesman as saying.
There have not been accidents due to
April 11, New Delhi: Automobile manufacturer Maruti Suzuki said Friday it will recall 103,311 vehicles, including brands like DZire sedan, Swift hatchback and the Ertiga MUV to replace a faulty 'fuel filler neck' that may lead to leakage.
The company said that it will recall 42,481 units of DZire, 47,237 units of Swift and 13,593 units of Ertiga manufactured between November 12, 2013 and February 4, 2014.
"In the affected vehicles there is a possibility of fuel smell and in extreme condition there may be some fuel leakage, if fuel is filled upto the fuel cap, beyond 'auto cutoff level'," the company said in a statement adding t
American technology firm Symphony Teleca Corporation (STC) has confirmed that it will acquire Bangalore-based Aditi Technologies, which will keep on operating as a new unit of STC with no changes in leadership.
STC will use Aditi Tech's design and cloud expertise as a strategic growth lever to complement its engineering, mobile as well as analytics abilities. The American firm said the acquisition was aimed at developing its capabilities to deliver Systems of Engagement (SOE).
According to a report by market research Zinnov, the SOE market will grow from $33 billion in 2013 to $111 billion by 2020.
Pradeep Rathinam, CEO of Aditi Tech, said, &q
Japan-based Toyota Motor Corp. has announced its plans to introduce a new series of fuel-efficient engines that will cut fuel costs for vehicle owners and help manufacturers meet tighter emissions regulations.
Toyota said it would introduce a total of 14 engine models in the new series fuel-efficient engines over the next couple of years. The new series start off with 1.0 and 1.3 litre gasoline engines.
Over the last many years, Toyota concentrated on gasoline-electric hybrid engines to improve fuel efficiency, but outside conventional engines remained more popular than hybrid engines in the global market. For instance, Ford Motor Co, Honda
April 11, Bangalore, : Indian IT bellwether Infosys Ltd. is on lookout for a new chief executive to succeed its incumbent and co-founder S. D. Shibulal, who wants to quit soon.
"The nominations committee of the board of directors has begun the search to select a successor to Shibulal, who expressed his desire to retire as the chief executive and managing director on the date of last board meeting or before his superannuation Jan 9, 2015," the company said in a statement here.
The board of directors is scheduled to meet April 15 to approve the company's accounts for fiscal 2013-14 at its corporate headquarters in this tech hub.
Jerusalem, April 9 - Israel's economic growth and unemployment rate are both expected to go up in coming future against the backdrop of a stronger global economic recovery, the International Monetary Fund (IMF) said on Tuesday.
Israel's economic growth will increase from this year's 3.2 percent to 3.4 percent in 2015, driven mainly by the start of gas production from the country's offshore Tamar and Leviathan gas fields, Xinhua quoted the IMF as saying in its biannual economic forecast, the World Economic Outlook 2014.
The IMF forecast is more optimistic than that of Israel's central bank. The latter expects only a three-percent growth in 201
Tokyo, April 8 - Tokyo stocks ended the morning session lower Tuesday following losses in the US market.
The 225-issue Nikkei stock average lost 167.24 points, or 1.13 percent, from Monday to 14,641.61, reported Xinhua.
The broader Topix index of all first section issues on the Tokyo Stock Exchange was down 19.46 points, or 1.63 percent, to 1, 177.38.
Decliners were led by pharmaceutical, mining and rubber shares. (IANS) Source: Top News
Beijing, April 8 - The Chinese yuan strengthened 30 basis points to 6.1527 against the US dollar Tuesday, according to the China Foreign Exchange Trading System.
In China's foreign exchange spot market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day, reported Xinhua.
The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day. (IANS) Source: Top News
The Business Aircraft Operators' Association (BAOA) on Friday objected to the Directorate General of Civil Aviation's (DGCA's) recent surprise inspections of private planes and the publicizing of the inspection reports.
On March 22, DGCA had grounded Reliance Commercial Dealers Ltd's private jet, citing major violations related to safety equipment. The civil aviation regulator also conducted surprise inspection of an aircraft owned by Jindal Steel & Power Ltd. On March 28, inspectors from DGCA held up a Hawker 800 XP of SRC Aviation for several hours as they found a number of safety violations.
But, BAOA Secretary R. Bali said that t
The government wants Steel Authority of India Limited (SAIL) to further extend its reach in the international market presence by offering more value-added steel products in emerging economies.
The piece of advice was given by Steel Secretary G. Mohan Kumar yesterday, during a review of the performance of the state-run steel producer at its central marketing organisation (CMO) headquarters in Kolkata.
Mr. Kumar said that the steel giant should "further widen its international presence and reach value-added steels to newly emerging markets" across the globe.
Mr. Kumar's advice comes a few days after a parliam
Indian companies are playing an important role in brining the British economy back on the path of sustainable growth by generating new jobs, an analysis of figures compiled by consultancy firm Grant Thornton LLP showed.
According to a report prepared by Grant Thornton LLP prepared in partnership with the Confederation of Indian Industry (CII), more than seven hundred Indian companies in the UK employed more than one lakh people, providing a big boost to the economy.
Indian salt-software conglomerate Tata Group topped the list of top Indian employers in the UK, with its Tata Steel and Tata Motors subsidiaries together generating nearly 60,000 jobs.
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The HTC One might be the best smartphone you never heard of.
The phone won critical acclaim last year, yet it barely made a dent in the marketplace. It's overshadowed by Apple's iPhones and Samsung's Galaxy line of smartphones.
Good thing HTC Corp. doesn't understand defeat.
An updated One expands on some of the features that made it notable. The new One has a metal design like last year's model, but it feels smoother and more comfortable in my hands. The back edges are more curved and remind me of the sleek finish in Apple's latest iPads. HTC also turns its hub for personalized content, the BlinkFeed, into a companion rath
The have been many explanations for the complete collapse of telecom service provider, Nortel five years ago, but experts now believe that it was due to "a culture of arrogance and even hubris".
A new analysis of the company's final decade of operations showed that the arrogant culture resulted in numerous management errors and weakened the firm's ability to adapt to changing environment. A University of Ottawa team of professors, led by lead researcher Jonathan California have released a new detailed analysis on Monday about the collapse of the company.
Nortel had filed for bankruptcy protection in 2009 and was later disbanded.&
Australia's biggest carrier, Qantas Airways has said that it is implementing a A$2bn cost-cutting plan in order to revive business.
The airline is taking steps to reduce its losses from operations by cutting costs. Qantas, named Australia's most highly-regarded brand last year by the Reputation Institute, is struggling to maintain its market share as it is facing a price war with Virgin Australia. The airline is implementing A$2 billion cost-cutting plan that includes a pay freeze and the lowest capital spending since 1998.
Experts have said that the cost cutting efforts might not be enough to revive its business. The total ann
Two heritage houses known as `The Dorothies' have been successfully transferred from one location to another in the city of Vancouver in Canada.
The houses were moved to West 41st Avenue, a few blocks away from their original location, in order to protect the houses form destruction. The houses were moved from West 43rd Avenue west of Macdonald Street up north to West 41st Avenue. Each house was placed on truck and trailer and moved gradually on the Macdonald Street, which was blocked for the period. There was a lot of excitement among the people, who took pictures of the homes are being saved.
Rob Chetner, owner of Trasolini Chetn
New York, Mar 13 : Facebook COO Sheryl Sandberg is reportedly said to join Disney in the role of a chief executive. With two years to go before CEO Bob Iger's predetermined exit, Sandberg's name popping in the list of potential successors is surprising. According to the New York Post, billionaire Sandberg already sits on the Disney board since 2010 and is said to have had conversations about her interest. One person campaigning for Sandberg said that she has great leadership skills and Disney should pick someone who understands advertising, content and has experience of the digital future. The report said that when the Disney
London, Mar 8 - Northern Irish golf star Rory McIlroy and his compatriot Graeme McDowell are reportedly just a shot away from the lead at the halfway stage of the WGC Cadillac Championship at Doral.
The lead is held by Americans Patrick Reed, Dustin Johnson , Matt Kuchar and Hunter Mahan, who are all under par after gusting winds caused over 100 shots to find water at the formidable re-modelled Blue Monster course.
According to the BBC, world number one Tiger Woods, who earlier in the day completed a 76- his highest score in 40 completed rounds at Doral, is six shots adrift after a
73 following mixed five bogeys and four birdies, including a 91-foot effor
New Delhi, March 4 : Essar Telecom is planning to sell its Kenya business to Indian telecom service provider Airtel and Kenya's operator Safaricom.
"Airtel Networks Kenya Limited has sought approval from the Communications Authority of Kenya to acquire the telecommunications licences and subscribers of Essar Telecom Kenya Limited, which operates under the brand name 'yuMobile'," Airtel said in a statement Tuesday.
"The proposed arrangement envisages over 2.7 million customers of Essar Telecom Kenya becoming part of Airtel Kenya's mobile network. The proposed association will undergo seamless integration once definitive agreements a