Dubai-based Pure Gold Jewellers plans to invest nearly Rs 1,000 crore for setting up 200 stores in India in the next five years.

Currently, the company has eight stores in Mumbai and Pune and nearly 75 outlets in the Middle-East.

Their initial strategy will be to concentrate on strengthening base in Maharashtra.

Thereafter their target will be the north and south and eventually all over India by 2011.

World's largest carmaker Toyota has appointed music maestro AR Rahman as its brand ambassador for its India specific car Etios.

Etios, that would come in both hatchback and the bigger sedan version, has been specifically developed for the Indian market.

Toyota’s Bangalore-based subsidiary Toyota Kirloskar Motors is aiming to sell 70,000 units of Etios in the first year.

It is eyeing about 10% market share of the Indian car segment by 2015.

• South Korea-based $7-billion textile chain E-land is acquiring Mumbai-based Mudra Lifestyle.

• The South Korean major has agreed to buy a

minimum 51% stake in the company, which can go up to 67% after the open offer.

• The promoters of the company—the Aggarwal family—currently hold a 54.5% stake.

• E-Land group is a Seoul-based fashion and garment conglomerate with substantial presence in the fast growing Asian markets.

• The Reserve Bank of India divested its stake amounting to Rs 1,430 crore in National Bank for Agriculture and Rural Development (Nabard).

• The Government of India now holds 99 per cent of the stake.

• Earlier Reserve Bank held 72.5 per cent of equity in Nabard.

• Now, the only major institution where RBI holds a stake is National Housing Bank (NHB). The central bank hold 100 per cent stake in the housing finance regulator.

Hyundai Motor India, country's second largest car manufacturer has launched its luxury SUV Santa Fe, priced between Rs 20.95 lakh- Rs 22.95 lakh.

In India Santa Fe will be imported as completely built units (CBU) from South Korea.

With this launch, HMIL now has seven models in the country, including the popular i10.

MD and CEO of HMIL- H W Park.