ET NEWSManminder Singh

MBA 2C

TOYOTA ETIOS WILL COME WITH RS 5.25 LAKH TAG

Toyota is all set to make a pitch for the Indian car market as it launches Etios, the entry-level sedan, at an aggressive entry price of around Rs 5.25 lakh. 

The car, the most ambitious product from Toyota’s stable, has been specifically designed keeping in mind India and other emerging markets and will take on well-established models like Maruti Dzire , Tata Indigo and Honda City . 

The carmaker’s seriousness with Etios, for which it has invested Rs 3,200 crore on a new plant near Bangalore with an annual capacity of 70,000, can be gauged by the fact that it will be launched by Toyota’s global president Akio Toyoda. 

INDIA'S COFFEE CONSUMPTION TO EXCEED 1-LAKH TON MARK IN 2010'

India's coffee consumption , which has been growing at an annual rate of by 5-6 per cent, is likely to exceed the 1-lakh tonne mark in the current year.

India had consumed 94,400 tonnes of coffee in 2008 and 97,000 tonnes in 2009. 

According to the Indian Coffee Board, domestic coffee consumption is increasing 5-6 per cent annually.

SAMSUNG NON-COMMITAL ON SETTING UP SOLAR PHOTOVOLTAIC UNIT

Consumer electronics giant Samsung today remained non-committal on the Tamil Nadu Government's request to set up a solar photovoltaic cell manufacturing facility in the state. 

Samsung is currently present only in consumer electronic products in India. 

ADANI GROUP WAITS TO GET ORISSA GOVT'S NOD

A delegation from the Adani Group which proposed to invest about Rs 1 lakh crore in a port project in Orissa.

The Ahmedabad-based company had in February submitted a proposal to set up a large port, an industrial zone including a power plant at an investment of Rs 98,000 crore. 

LAVASA EXPRESSES SHOCK AT ENVIRONMENT MINISTRY'S NOTICE

Pune-based Lavasa Corporation , a subsidiary of HCC , expressed shock over the Environment Ministry showcause notice to it for allegedly carrying out construction activities without approval. 

Lavasa Corporation Ltd is shocked at the receipt of a 'stop work' notice from the Ministry of External Affairs on November 26.

Lavasa, engaged in the building and management of a hill-city near Pune, also said it has already responded to issues raised by the Environment Ministry. 

I-T DEPT INTRODUCES NEW NUMBER FOR TAXPAYERS FOR TAX FILING

Taxpayers will now have to procure a 'new number' for filing returns and making any communication with the Income Tax department. 

The unique Document identification number (DIN), on the lines of numbers like PAN and TAN, will be quoted on every income tax-related communication, including returns to be filed next year for the financial year 2010-11. 

According to the new guidelines brought out by the Central Board of Direct Taxes (CBDT), the DIN will be mandatory in respect of every notice, order, letter or any correspondence with the department, by the taxpayers.