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Component shortage puts the brakes on auto firms
Bajaj Auto has seen motorcycle production more than double since the lows of December 2008 on the back of surging sales. That’s the good news.

'Adidas doesn't want to run before learning to walk'
Adidas, which launched its premium lifestyle product – Originals — in India two years ago, is still in the process of educating customers about the different story that the collections, represented by the Trefoil logo, has to tell vis-à-vis its regular "performance’ brands. Timo Pape, adidas’ Director Sport Style, Asia Pacific, spoke to Suvi Dogra about the German sports wear company’s strategy to increase the share of Originals to one-fifth of its business in India. Excerpts:

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MPs to head panels to monitor rural projects
Parliamentarians will soon head monitoring committees to check progress of various rural development works in their constituencies, the government told the Lok Sabha today.
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US, China seek common ground on climate change

The United States and China today pledged to work together to fight climate change and promote free trade as they set the stage for an era of closer cooperation between the Pacific giants. - US envoy meets Israeli PM in Mideast peace drive - Indian-American shortlisted in world technology network honour - US, China oppose a nuclear Iran: Clinton - SpiceJet sees healthy improvement in passenger traffic in July - Oil down on US worries, BP plunge - US markets mixed; Indian ADRs down The world"s largest developed and developing nations wrapped up two days of in-depth talks in Washington to chart out the future of their relationship, which President Barack Obama said would shape the 21st century. The two nations -- by far the biggest emitters of carbon blamed for global warming -- signed a memorandum putting the fight against climate change at the heart of their ties. While short on specifics, the two sides said they would put in place a committee on environmental cooperation aimed at smoothing the rocky path toward a new global treaty on climate change in Copenhagen in December. "Today"s agreement should send a clear signal that the United States and China are ready to work together on clean energy and climate change and sets the stage for what I hope will be many years of close cooperation," US Energy Secretary Steven Chu told a signing ceremony at the State Department. China"s State Councilor Dai Bingguo said that the United States and China "have important contributions to make" to contain climate change, which UN scientists forecast will put entire species at risk if unchecked.


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