Business News

• Lenovo India to launch tablet PCs
• Citi India ramps up markets team
• Hero MotoCrop to set up two new plants

Lenovo India to launch tablet PCs

Lenovo India, which has almost 10% market share in the Indian personal computer space, plans to launch its tablet computers by the end of this fiscal. The firm launched its tablet in China earlier this year and has plans to launch it in the US too. Lenovo's India managing director Amar Babu said the firm has two versions--IdeaPad for consumer, and ThinkPad for commercial segments.

Citi India ramps up markets team

Citibank India on Tuesday said it has made key appointments in its markets team primarily to further strengthen its fixed income, currencies, commodities, credit trading and equities businesses.

“Citi has made several significant hires strengthening our credit markets trading, structuring and commodities businesses”, Citi India managing director and head of markets Pankaj Vaish was quoted as saying in a statement.

Hero MotoCrop to set up two new plants

Announcing its new brand identity, India's largest two wheeler maker Hero MotoCorp (formerly Hero Honda) on Tuesday said it will set up two new manufacturing plants in the country and will pump in more investments in the next five years than it has done in the last 27 years with Honda.

The company, which introduced two new products under its new brand, said it will soon tie up with a European firm for technology support for its future product platforms.

“One of the plants will be in South India and will be announced soon. The other one will be in west India”. Hero MotoCorp managing director and chief executive officer Pawan Munjal said.

(Source-: mintlive.com)