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Just in:   • Pranab to take austerity measures for economic growth  • Sensex tanks 298 pts, metal, auto stocks fall  • Rupee hits record low of 54.42 against dollar  • Pilots grievances will be heard: Ajit Singh  • Second Ghana SME Expo launched   Last updated: 16 May, 2012    India Industry Pilots grievances will be heard: Ajit Singh SME Times News Bureau | 16 May, 2012 Civil Aviation Minister Ajit Singh Tuesday assured the striking pilots that all their grievances will be addressed and asked them to resume duties saying they have a responsibility toward the passengers and the country.  Industry Categories Agriculture Apparel Automobiles Business Services Chemicals Electronics & Electricals Handicrafts Industrial Supplies Machinery Metals & Minerals Pharma Construction & Real Estate       Headlines ITC's Sri Lankan subsidiary acquires land in Colombo SME Times News Bureau | 16 May, 2012 Cigarette-to-hotel multi-business major ITC Ltd. Tuesday said its wholly-owned subsidiary WelcomHotels Lanka Private Limited (WLPL) has acquired land in Colombo to set up a mixed-used project, including a luxury hotel.    Read more.... High court reserves order on Air India pilots SME Times News Bureau | 16 May, 2012 The Delhi High Court reserved till Thursday its verdict on a plea by Indian Pilots Guild (IPG), an association of Air India pilots, challenging the single-judge order that restrained the pilots of the national carrier from going on an "illegal strike".    Read more.... Mercedes launches new M-Class in India at Rs.56.9 lakh SME Times News Bureau | 16 May, 2012 German luxury car maker Mercedes-Benz Tuesday launched its third generation sports utility vehicle M-Class priced at Rs.56.9 lakh (ex-showroom Delhi).    Read more.... 'Electronics market to reach Rs 20 lakh cr by 2020' SME Times News Bureau | 16 May, 2012 The Indian electronics market estimated at Rs 3.25 lakh crore in 2010 is expected to reach the volume of Rs 5 lakh crore by this year-end and Rs 20 lakh crore by 2020, industry body ASSOCHAM said Tuesday.     Read more....         Customs Exchange Rates Currency Import Export US Dollar 53.10 52.25 UK Pound 86.00 84.15 Euro 70.35 68.70 Japanese Yen 65.50 63.85 As on 16 May, 2012   Daily Poll Do you think RBI's deregulation of export credit interest rate in foreign currency will affect exporters?  Yes  No  Can't say

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