Home-grown automobile major Mahindra & Mahindra, whose sales are predominantly driven by diesel-powered utility vehicles, has said an increase of Rs 5 a litre in the price of the fuel or a differential of up to 20 per cent with petrol price will not impact vehicle sales.
IOC protests, says have invested in these facilities over a period of time.
Auto makers step up efforts export cars and offset adverse impact of foreign exchange fluctuations.
Delayed compensation and rising working capital requirement force oil marketing firms like IndianOil to turn to borrowings.
As it gets ready for disinvestment of 10 per cent government equity through the offer-of-sale route in January, T K Ananth Kumar, director (finance), tells Jyoti Mukul the company is one of the cheapest explorers and producers of oil and gas, but awaits more predictability in the government-subsidy sharing mechanism.
Appoints Foster Wheeler as consultant to prepare project report.
At a time when diesel-powered vehicles have been driving sales in the country's otherwise sluggish automobile market, the industry has been hit by a double whammy.
The companies continue to see heavy demand in utility cars.
The sacked workers have constituted a seven-member provisional working committee.
Firms are enthused at passenger vehicle numbers but high interest rates a problem.
Bond issue oversubscribed 15 times despite gloomy sovereign rating.
After splitting with Honda, the company is working on developing it own intellectual property.
Lower minimum area of land required for multi-product SEZs to 250 hectares from 1,000.
RIL is peeved with the govt for blocking of approvals and non-revision of gas price produced from its underperforming KG-D6 block.
Maruti Suzuki India Limited (MSIL), which witnessed labour unrest at its Manesar facility, is set to complete the process of regularisation of contract workers at the unit by November-end.
SEZ in Mundra, Gujarat denotified for three violations.
Accounted for 18.8 per cent of total imports in the region in 2010 vs Singapore, which contributed 17.8 per cent.
Although the apex court's opinion on the Presidential reference comes at a time when the floppy bidding route for coal blocks is being criticised, it will not come in the way of allocation of natural resources through auctioning.
According to estimates available with industry experts, the wage bill of Maruti Suzuki, the country's largest car maker, is expected to increase by Rs 65-70 crore (Rs 650-700 million) after the increments.
Mandatory pvt participation, annual tariff hikes, conforming to FRBM limits seen difficult.
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