The monk may have sold his Ferrari, but Indians are just about to buy their first. We will arrive in India soon. It is too early to discuss, we should be in India only by 2009,” said Davide Kluzer, a Ferrari spokesperson, speaking to the Hindustan Times. Ferrari, owned by Italian car major Fiat group, may come cheaper to Indians, who pay a hefty 120 per cent import duty on it now. The iconic sportscar is yet owned by the priviledged few in India - Vijay Mallya and the Poonawallas.

Nissan Motor Co and Renualt have made a humble & late entry into the Indian automotive industry.

Backed by a strong vehicle line up, Nissan & partner Renault on Friday signed an agreement for a $1.0 billion car and engine plant in southern India after a local partner dropped out, and expect to commence production from 2010.

Renting a flat is now as expensive as renting an apartment in the big apple, reported the Times of India. A three-bedroom apartment on Manhattan’s Upper East Side can be rented for about $5,000 to $8,000, or Rs 2 lakh-Rs 3.20 lakh a month. In Mumbai, a similar-sized apartment in any good building between central Mumbai and Bandra could cost as much, or even more, according to realty experts.

While premium flats in the city continue to fetch staggering prices, the residential lease rental market has been catching up quickly.

Big Apple, the Indian version of the American 7-Eleven convenience store chain is looking at private placement of shares to raise funds for a second phase of expansion in and around Delhi. The expansion is set to include 100 new convenience stores at an approximate cost of US$18.75 million. After completion, Big Apple --- will have 200 stores in the National Capital Region (NCR).

Fortis Healthcare, a promoter group company of Ranbaxy which last year invested Rs 1,000 crore (US$250 million) to expand its network, will invest Rs 800 crore (US$ 200 million) to set up a seven-star medicity in Gurgoan, a city in North Indian state of Haryana. Spread over 10.7 acres of land, construction of the 950-bed medicity begins today. Phase one – to be completed the next two to three years – will give the medicity a total of 350 beds.

DLF, India’s major real estate developer is all set to close the Swatantra Bharat Mills (SBM) real estate deal with DCM Shriram Consolidated (DSCL) for over USD 400 Million, giving access to DLF to about 38 acres of prime land.

Lupin, a Mumbai-based pharma and the largest drug manufacturing capacities in India with 11 manufacturing plants, and currently working on almost 100 percent capacity utilization is planning to invest over US$50 million this year to create additional manufacturing capacities, including a new multipurpose formulation manufacturing facility at a special economic zone at Indore, Madhya Pradesh,