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  Five years since Mahindra and Mahindra and CIE Automotive stitched a deal to create a large auto component firm with a global footprint, the strategy has paid off for both the companies in terms of operational and financial performance and market capitalisation. Having successfully integrated the businesses across the geographies, Mahindra CIE is now scouting for acquisition of auto component firms in India in a bid to plug some gaps in its product and customer portfolio said Hemant Luthra, non-executive chairman, Mahindra CIE. For Expert advice Click here:capitalheight.

  Online cab aggregator Uber, under the leadership of Dara Khosrowshahi, is making a renewed effort to win back India market. Hoping to expand its user base as well as increasing its popularity in tier-III cities, Uber has introduced a data-light version of its app. Realising that it needs to increase its user base beyond the English-speaking population, the firm has launched the Uber Lite app in seven Indian languages. While Uber did not elaborate on its local language plans, the company, which has a strong team of more than 150 engineers, data scientists, analysts, language experts based out of Bengaluru and Hyderabad, is planning to go for a major overhauling in its app to bring in regional language speakers into its fold.

In a major boost to affordable housing, the government on Tuesday said it has raised the carpet area of houses eligible for subsidy under Credit Linked Subsidy Scheme (CLSS) by 33 per cent for the Middle-Income Group (MIG) segment. "These enhancements will now enable more MIG customers to qualify for subsidy and avail the benefits provided under the ambitious flagship mission of Pradhan Mantri Awas Yojana (Urban)," the Ministry of Housing and Urban Affairs said in a statement.
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