Japanese carmaker Honda on Tuesday cautioned that high interest rates and inflation would impact car sales in India this financial year, though said premium segment would manage a double digit growth. The company, that rolled out its next-generation Accord sedan after the model was discontinued a few months back, said market conditions appear to be tough for the first two quarters of 2007-08.

Coca-Cola Co is seeking more acquisition opportunities in the fastgrowing soft drinks market to expand its revenue, the company's CEO-in-waiting said. Sales of soft drinks are declining in the US as people opt for the likes of bottled water and tea, which they see as healthier. REUTERS

India's $90 billion industrial corridor project is on track, and rising prices of steel and cement will not hamper work, industry minister said. It includes high speed rail freight lines, power plants to supply an additional 4,000 megawatt, three sea ports and six airports, 12 industrial clusters, 10 logistic parks and agricultural hubs. REUTERS

Government is considering to withdraw the export duty on steel that it had notified on May 10, after a request towards this end has come from the steel ministry. Steel secretary RS Pandey said the demand of the steel producers on rolling back the export duty is under consideration and a decision is expected soon. He said inter-ministerial consultations are on regarding this issue.

A day after announcing a low-cost $2500 car in partnership with Bajaj, Nissan has chalked out plans to also go solo and introduce an entrylevel car in India by early 2010. The car, with 90% localisation, will be priced aggressively in the volume segment. "Nissan will compete in the entrycar with a dedicated platform that will be used for at least three models built in five leading competitive countries (LCCs), the first of which will be produced in Thailand and India in early 2010,' Carlos Ghosn, president and CEO of Nissan, said.

Yangon: The United Nations said on Tuesday that only a tiny portion of international aid needed for Myanmar's cyclone victims is making it into the country, amid reports that the military regime is hoarding good-quality foreign aid for itself and doling out rotten food. The country's isolated military regime has agreed to accept relief shipments from the UN and foreign countries, but has largely refused entry to aidworkers who might distribute the aid.

Official Figure Of Dead Stands At 12,000 Saibal Dasgupta & Agencies Beijing: The full scale of Monday's earthquake began to emerge even as rescuers managed to get to the epicentre of the quake and other uncovered areas in southwest Sichuan province. Official sources confirmed 12,000 deaths and said that 29,000 more people were buried in the debris of fallen buildings.

New York: His new book, Physics of the Impossible, has been on the New York Times Best Seller's list for more than four weeks now. Michio Kaku, co-founder of string field theory and professor of theoretical physics at City University, New York, talks to Narayani Ganesh about the future potential of cutting-edge science: Why do you say we're in transition between the Age of Discovery and the Age of Mastery?

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According to an Assocham study, the lethal fake drugs market is growing at 25% annually.