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CORPORATE
PERFORMANCE:
Honda on a roll in stagnant two-wheeler market
At a time when most two-wheeler manufacturers have their backs to the wall, Honda Motorcycle & Scooter India (HMSI) has seen November sales rise nearly 40 per cent compared with the same month ...
PERFORMANCE:
RIL suspends operations at 4 units in Vadodara facility
Global meltdown in petrochem product prices. Kolkata, Dec. 2 Reliance Industries has suspended operation of four units at the Vadodara petrochemicals facility (formerly IPCL complex) in Gujarat, according to ...
ALLIANCES & JOINT VENTURES:
BHEL, Toshiba may tie up for transmission projects
Rs 1,000-cr business targeted in first year. New Delhi, Dec. 2 Bharat Heavy Electricals Ltd (BHEL) is likely to firm up a joint venture with Japanese firm Toshiba Corporation to offer turnkey services in the country’s power transmission ...
OUTLOOK:
Coal India, power utilities inching towards fuel supply pact
Deadline for agreement extended to Jan 31, 2009. Kolkata, Dec. 2 Coal India and the power utilities led by NTPC seem to have moved closer to a consensus over the long pending fuel supply agreement. The deadline for entering the pact, however, is ...
ALLIANCES & JOINT VENTURES:
Oceanaa in pact for shrimp hatchery
Tripartite deal with IOB, farmers. Chennai, Dec. 2 Oceanaa Group’s Oceanic Edibles International Ltd has signed a tripartite pact with Indian Overseas Bank and a group of farmers for shrimp ...
PEOPLE:
New directors on ONGC board
Four new independent directors have been inducted to the board of ONGC, taking the total number to eight. According to a statement issued by ONGC, “with the induction of these four independent directors ONGC now has eight independent ...
COURTS/LEGAL ISSUES:
Tata Motors petition in Calcutta HC
Tata Motors Ltd (TML) filed a writ petition in Calcutta High court on Tuesday challenging the vires of the Right to Information Act, 2005. In the petition, TML has prayed for injunction against the State Information Commissioner from disclosing ...
NEW BUSINESS:
Tata arm bags Mysore water contract
Jamshedpur Utilities & Services Company Ltd (Jusco), a wholly owned subsidiary of Tata Steel, has bagged Rs 152-crore water management contract for Mysore city, according to a Jusco release. An agreement to this effect was signed on Tuesday ...
TRADE & LABOUR UNIONS:
Officers of oil PSUs defer strike
The Oil Sector Officers Association (OSOA), the umbrella organisation of officers of 14 public sector oil companies, deferred is plan to go on strike from Tuesday in protest against the “raw deal in the pay revision”. Instead, ...
NEW BUSINESS:
L&T bags Rs 1,450-cr orders
Engineering and construction major Larsen and Toubro said its newly formed Buildings & Factories Operating Company, part of its construction division, has bagged orders totalling about Rs 1,450 crore in the third quarter of 2008-09 for ...
NEW BUSINESS:
Kalindee Rail bags order from DMRC
Kalindee Rail Nirman Engineers Ltd has stated that it has bagged track work contract valued Rs 99.99 crore for Delhi Airport Express line from the Delhi Metro Rail Corporation (DMRC). The company informed the Bombay Stock Exchange, that it ...
NEW BUSINESS:
Kalindee: New contract boost for order book
Work worth about Rs 550 crore in hand. Kalindee Rail Nirman has bagged a track-work contract worth Rs 100 crore for the Delhi Airport Express Link project, which holds significance on many ...
NEW PROJECTS:
Dalmia Cement commissions AP plant
Dalmia Cement (Bharat) Ltd has commissioned a 2.25-million-tonne greenfield cement project in Kadapa , Andhra Pradesh, according to a press release from ...
PERFORMANCE:
Hyundai’s domestic sales in Nov dip 23%
Mumbai, Dec. 2 Hyundai’s domestic sales dropped first time in the current year. The sales figures of November released by the company on Tuesday showed that the company’s domestic sales dropped 23 per cent to 14,605 units, ...
PERFORMANCE:
Tata Motors' second block closure
...
NEW PROJECTS:
Hyundai begins manufacture of excavators at Pune
Pune, Dec. 2 Hyundai Construction Equipment India Private Ltd (HCE), a wholly owned subsidiary of Hyundai Heavy Industries Company Ltd (HHI), Korea, has launched production at ...
NEW PROJECTS:
Volvo operator training centre in Bangalore
Bangalore, Dec. 2 Mr Eberhard Wedekind, President-Region Asia, Volvo CE, and Chairman-Volvo India, on Tuesday inaugurated the first operator training school in Hoskote, Bangalore, by Volvo ...
PEOPLE:
NMDC director takes charge
National Mineral Development Corporation Ltd (NMDC) has announced that Mr N.K. Nanda has assumed charge as Director (Technical). A release from the company said that he joined NMDC as Assistant Manager (Mining) in 1989. It added that during ...
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