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CORPORATE
OUTLOOK:
Bajaj Auto to shut Waluj plant for 10 days
Company sees lower offtake this festival season. Pune, Dec. 15 Two-wheeler manufacturer Bajaj Auto Ltd (BAL) has decided to shut down production at its Waluj plant near Aurangabad for 10 days this year against the five-day annual block closure ...
OUTLOOK:
Toyota Kirloskar to cut output by 30% in Dec
New Delhi, Dec. 15 Toyota Kirloskar Motor has said it will cut production by 30 per cent during the current month as there has been a dip in the passenger car ...
HUMAN RESOURCES:
Bosch drive to counter slowdown
Not to renew contracts for up to 300 trainees. Bangalore, Dec. 15 The world’s largest auto parts maker Bosch will not renew contracts for up to 300 of its trainees and others in its plants in India even as it is taking steps to rejig its ...
NEW PROJECTS:
Kudremukh Iron board to take a call on bid for DI pipes project soon
PEOPLE:
Nagarjuna Fertiliser chief held
The Chairman of Nagarjuna Group, Mr K.S. Raju, was today detained for questioning in the long-pending cases pertaining to Nagarjuna Finance Ltd (NFL), according to police. NFL, which was part of the Nagarjuna Group, had allegedly defaulted ...
OUTLOOK:
HPCL keen on increasing stake in MRPL
Mumbai, Dec. 15 Hindustan Petroleum Corporation (HPCL) is keen on substantially increasing its stake in Mangalore Refinery and Petrochemicals (MRPL) from the present level of 16.97 ...
NEW PROJECTS:
Slump delays Omax Autos plans to make chassis for Tata Motors
Operations postponed to next quarter. New Delhi, Dec. 15 Slump in the commercial vehicles industry has led to the Rs 700-crore Omax Autos delaying its plan to produce chassis for Tata Motors commercial ...
TRADE & LABOUR UNIONS:
Vizag unions stage demonstration, seek captive iron ore mines
The unions in the Rashtriya Ispat Nigam Ltd (RINL), which is the corporate entity of Visakhapatnam Steel Plant, staged a demonstration here on Monday in front of the district collector’s office, seeking allotment of captive iron ore ...
OUTLOOK:
Toyota to launch CNG Innova next month
New Delhi, Dec. 15 Toyota Kirloskar Motor plans to launch a compressed natural gas (CNG)-based variant of its multi-utility vehicle, Innova, by January end, hoping to stir demand amid sagging sales. The company is conducting trials of the ...
OUTLOOK:
GSK sees big role for Indian cos in R&D
Research & development productivity is at all time low in the West and Indian companies have great potential to contribute to research services, according to Mr Venkatraman Thyagarjan, Non-Executive Vice-Chairman of GlaxoSmithKline ...
ALLIANCES & JOINT VENTURES:
Ramky partners Saudi firm for environment project
Hyderabad, Dec. 15 Environmental and waste management services’ provider Ramky Group and A.A. Turki Group (ATCO) of Saudi Arabia have signed an agreement for establishing an Integrated Environmental Facility in ...
NEW BUSINESS:
Karadi Tales getting orders from new markets abroad
Coimbatore, Dec. 15 Having released audio books in 60 different titles bringing alive the Indian heritage, mythology and a new genre of rhymes for Indian children, Karadi Tales has hit the ...
NEW PROJECTS:
SRF buys businesses of group company for Rs 152 cr
Mumbai, Dec. 15 SRF Ltd, which manufactures technical textiles, fluorochemicals, packaging films and fluoro specialities, has acquired engineering plastics business and industrial yarn business from its group company SRF Polymers (SRFP) ...
NEW PROJECTS:
High Energy Batteries diversifying
Chennai, Dec.15 High Energy Batteries, the Esvin Group company, is diversifying into the manufacture of lead-acid batteries for the automotive industry and VRLA batteries for ...
CORPORATE BONDS:
Edelweiss raises Rs 1,000 cr for Reliance
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NEW PROJECTS:
Indian Hotels opens Vivanta
Taj Hotels Resorts & Palaces on Monday announced the opening of its new premium hotel here. A press statement from The Indian Hotels Company, which runs Taj Hotels, said that the new hotel, Vivanta by Taj situated in Whitefield, Bangalore, ...
AWARDS & HONOURS:
Tata Steel gets CII-ITC award
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