Attempts of the Kerala administration to establish a Sharia compliant Islamic investment company could shortly be truth with the Kerala high court providing the nod for it.

On Thursday, the State High Court brushed aside a writ appeal lodged by Janata Party president Subramanian Swamy and others against the administration contribution in a firm based on Islamic rules.

Bharat Heavy Electricals Ltd (BHEL) has declared that it is entering into a joint venture (JV) deal with Kerala administration.

As per reports, the said JV deal will be inked for setting up a JV firm to get hold of the Kasargod division of KEL that makes alternators for railway applications and other industrial apps.

Fiat India has launched 'Fiat Grande Punto 90HP MULTIJET', its newest offering in the premium hatchback section, in Kerala.

While talking to media persons after introducing the car in Kerala, Mr. Ravi Bhatia, Fiat India Commercial Vice-President, stated that the novel car, tipped to be the country's most potent diesel hatchback, was built up with a multi-jet engine catered by a variable geometry turbocharger.