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Audi targets to sell One Million cars

Bangalore, Apr 29 (UNI) German Luxury Car maker Audi plans to touch a million car sales a year by 2008-09, Company Board of Management (Marketing and Sales) Member Ralph Weyler said today.

Talking to newsmen here on the occasion of launching Audi's first showroom in South India, he said the global sales has touched 835 lakhs last year and it was targetted to cross One million in a couple of years.

He said the company entered India last year by appointing Dealers in Delhi and Mumbai. Bangalore, the IT hub of India was considered as most appropriate place to cover South he added stating that Jubilant Motors would look after sales and after sales facilities.

Audi expected the indian sales to touch about 400 this year.

Replying to a question, Mr Weyler said that due to high Customs tax charged in India there was no immediate plan to open manufacturing plant. However, if the sales volume increases it could be thought of.

Jubilant Motors Business Head Sanjay Malhotra said that "typically the automobile dealerships have been a closely held family affairs. This is for the first time a corporate house is stepping into this arena to provide an enriching experience for the discerning customer." Jubilant Enpro is the strategic ventures business segment of Jubilant Corporation which focuses on infrstructure sector in India in Oil and Gas, Aerospace, Automobile, Power and Infrastructure and Financial Services.

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"Sports should be treated as a professional career": Javgal Srinath

Manipal, Apr 30 (UNI) Newly appointed International Cricket Council (ICC) Match Referee and former speedster Javgal Srinath today said that Sports should be treated as a professional career. Participating in the valedictory of the three-day International Conference on Physical Education and Sports Science organised by Kasturba Medical College (KMC) here, he said that unlike in many foreign countries Sports, in India, could not attain the place of professional career status. " Indian market yet.....

'Satya Srasty' new Kannada daily hits the stand

Gulbarga, Apr 30 (UNI) "Satya Srasty" a new Kannada Daily was launched here today by Karnataka Minister for Agriculture and marketing Sharanabasappa Darshanapur. Speaking on the occasion, the Minister called upon the Journalists to follow the human values and keep away themselves from publishing misleading and inciting news without checking the facts. Mr Darshanapur called upon Editors to allot more space for news and reduce advertisements. Senior Journalist and Editor of "Satya Srasty".....

SBT profit touches Rs 258.68 crore

Thiruvananthapuram, Apr 29 (UNI) The State Bank of Travancore (SBT) has made a net profit of Rs 258.68 crore during the year ended March 31 as against Rs 247.13 crore in the last fiscal. The Board of Directors of the bank has declared a dividend of 100 per cent up from 75 per cent paid during the last two financial years, a bank press release said today. Profitability could be sustained mainly on account of.....
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