Garuda, the car that runs 180 km per litre!
A car that offers a mileage of 180 kilometers to a litre of petrol? Yes!
It's neither a pipedream nor a gadget out of a science fiction flick. Garuda, is a car that has been developed by a group of mechanical engineering students from the Rashtriya Vidyalaya College of Engineering, Bangalore.
The super fuel-efficient, aerodynamic car, say the brains behind the project, will address raging issues like oil crisis, rising fuel costs, environmental pollution, and the desperate need for green technologies.
The car is the result of 'Project Garuda-RVCE Supermileage Car,' which was conceptualised by Nishant Sarawagi, the team leader, and seven of his mates: Bharat, Kayaan, Darshan, Jacob, Gautham, Krishna, and Rakshit.
So what are the distinctive features of this fantastic car?
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Indian CEOs heading Fortune cos
Indian-origin CEOs are establishing their prowess across the globe. It may be raining gold for these globe trotting executives as they head more Fortune-listed American firms but, weak dollar, sub-prime crisis and the looming US recession have taken their toll, as total profit of such entities has more than halved in a year's time.
But they are not the only ones. According to the latest Fortune 500 list of America's biggest corporations, which has been topped by retailer Wal-Mart Stores (six times in the past seven years), cumulative net profit of all these firms fell about 18 per cent to $645.2 billion in 2007.
However, the total turnover of America's Fortune 500 firms rose by about seven per cent to $10.6 trillion.
In the main list, Wal-Mart (revenue of $378.8 billion) is followed by energy giant ExxonMobil (372.8 billion dollars). Others in the top 10 include Chevron, General Motors, ConocoPhillips, GE, Ford, Citigroup, Bank of America and AT&T.
The US business magazine Fortune ranks America's biggest firms based on their full-year revenues in this annual list. Compared to six last year, as many as 10 Fortune firms are now headed by CEOs of Indian origin.
More @ http://specials.rediff.com/money/2008/aug/08slid1.htm
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Source: Rediff
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