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Power situation improves in state
With power situation improving following good rains, Karnataka minister for energy K S Eshwarappa today said urban areas would get 22 hours of supply a day from August one, while load-shedding in rural ones would be to the extent of 14 hours. In Bangalore, the Bangalore Electricity Supply company (Bescom) has said it would make all efforts to provide 24-hour power supply, he told reporters here. Rural areas would get power supply for five hours in case of single-phase and five hours for irrigation purpose (IP sets) which means they would face load-shedding for 14 hours.

Taro tells shareholders to keep Sun at bay
Ahead of its upcoming annual general meeting on December 31, 2009, Israeli drug company Taro Pharmaceutical has asked its shareholders to reject a takeover bid by Sun Pharmaceuticals.

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Bharti may take on MTN in bid for Zain
Indian firm holds preliminary talks, Essar group also in the fray.
Management

Harley-Davidson to launch today, sales to start 2010

The iconic US cult bike maker Harley Davidson is set to enter Indian markets tomorrow, two years after it was first granted permission to start operations in the country. Sales will, however, begin only by 2010, the company said in a statement. - Harley-Davidson ready for India launch; sales to start 2010 "As a first step, we are looking for local dealer partners who share our passion and commitment to building customer relationships, the Harley-Davidson brand and our business in India for the long term," Harley Davidson Managing Director India Anoop Prakash said. Harley Davidson was first granted permission to start operations in India in 2007 but it had to keep its plans in abeyance because of a crushing import duty of over 100 per cent. However, two years hence, the cruiser"s popularity seems to have far outweighed other considerations like price, which is expected to be multiples of lakhs. "Given the rapid development of India"s economy and physical infrastructure, this is the right time to bring the world"s greatest motorcycles to one of the world"s largest motorcycling nations," Harley-Davidson Motor Company President and COO Matthew Levatich said. The excitement over the famed bike maker entering India is already palpable online. A clock on the Harley Davidson-India website is counting down hours, minutes and seconds for the "adventure" to begin. Details of the models and price range are not, however, available on the website.


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