NEW DELHI, December 22 – ECONOMIC TIMES – The Indian Government in an updated rules declared that the expats working at senior positions in India will not need to go back home and seek a fresh Indian employment visa when they take intergroup transfers. This will provide flexibility to foreign companies that have multiple businesses in India in deploying their resources. The earlier guideline was seen as a major irritant by expats and companies employing them as any transfer within the group would mandate a homeland visit and a fresh work visa. – BUSINESS STANDARD – The New Year may not bring good tidings for consumer goods companies battling inflation and a slowdown. Most consumer product firms expect the year ahead to be tough, as sentiment remains weak. Already the expectation among analysts tracking consumer goods firms is that third-quarter results of most will not be exceptional. Most firms are likely to see lower volume growth as consumers remain wary about spending too much. The volume growth for the second quarter was down to about eight-nine per cent from 10-11 per cent earlier. – BUSINESS STANDARD – More than a year after Mahindra & Mahindra bought stake in Reva Electric Car Company, the SUV-maker is gearing up to launch its first compact car — it promises nine times the mileage generated by the country’s most fuel-efficient petrol-powered car. The Reva NXR, due for launch next year, will be only the second follow-up model after the Reva, the country’s only all-electric car, was introduced in 2001. The range of the NXR, for instance, stands at 160 km on a full charge, double the range generated by the earlier-generation Reva. The new car can comfortably seat four adults and generate top speed of more than 100km/hr compared to 80km/hr earlier. – BUSINESS STANDARD – The India-Bangladesh Chamber of Commerce and Industry (IBCCI) have asked for greater investment from West Bengal industrialists in Bangladesh, in order to boost the tie ups between both the countries. The trade between both the countries is expected to touch $ 4-billion mark this financial year, where India’s exports would be around $ 3 billion. IBCCI is a joint-effort of the Federation of Bangladesh Chambers of Commerce and Industry and the Federation of Indian Chamber of Commerce and Industry (FICCI). Nitol-Niloy markets Tata brand of commercial vehicles in Bangladesh.