Briefly Business: FinMin seeks fund details from PSU banks

Forex reserves continue to slide,fall by 1.23 billion

Mumbai: The countrys foreign exchange reserves fell for the second consecutive week,going down by 1.23 billion to 311.48 billion,for the week ended September 30,the Reserve Bank said on Friday.

The total reserves had fallen by a staggering 4.05 billion to 312.71 billion in the previous week.

Kingfisher launches services on 3 new routes

New Delhi: Private air carrier Kingfisher Airlines on Friday said it has launched services to Colombo from three South Indian cities Tiruchirapalli,Kochi and Thiruvananthapuram.

Skoda starts production of Rapid at Chakan plant

New Delhi: Czech carmaker Skoda,a part of auto conglomerate Volkswagen,on Friday said it has started production of its yet-to-be-launched entry level sedan Rapid from the groups Chakan plant,near Pune.

XUV500 registers over 5,000 bookings

Mumbai: Mahindra amp; Mahindra Mamp;M said it has received over 5,000 bookings for its newly launched sports utility vehicle XUV500.