Over 60-70% of the guests at five-star hotels are foreigners. However, hotels say, if dollar remains at this level, the mix could change.
The company, which produced 970 units on Sunday from the facility, produced 1,250 units on Monday, a senior executive of the company said.
Approaches Morgan Stanley, GIC and Blackstone
Confirming that the company could shift its production to other facilities, Bajaj Auto Managing Director Rajiv Bajaj told Business Standard: "If we take a view that this (labour issue) is going to extend over the next two months, we certainly can do that, and will do that."
Production has crippled at Bajaj Auto's Chakan plant in Maharashtra following a labour strike which entered its third day today.
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Globally, the company intends to cut expenses by $7.8 billion by 2014.
Since debuting in India in October 2012, the company has opened 15 Starbucks stores across Mumbai and Delhi.
Realty plans hit roadblock; delay could hit modernisation
The group was originally planning to raise a $100-million (around Rs 560 crore today) offshore fund but is now targetting $200 million, said Amit Goenka, managing director and chief executive of Essel Financial Services, the group's financial services arm.
Thomas Cook, which is looking to shift its offices to one of the places such as Lower Parel, Dadar, Bandra Kurla Complex or Andheri, is likely to take a decision in the next three to four months.
Nissan, Japan's third largest auto maker and Renault, France's second largest car maker, share vehicle platforms, engines and several components to meet economies of scale and generate volumes in India, where they use a common manufacturing facility in Chennai.
Prime property rates in South Mumbai at Rs 60,000 a sq ft remain high despite a slowing realty market.
Ford India head, Joginder Singh, is confident that the new SUV will reverse the trend of falling sales.
Developers and consultants said even buyers have not been showing much enthusiasm in booking properties, due to high prices and the overall lacklustre economic environment.
Bank issues public notice with photograph in Reid & Taylor default case.
To join 'Big Bazaar Profit Club', a customer has to pay Rs 10,000, after which he can shop for Rs 1,000 a month for 12 months.
The Mumbai-based firm has lost almost 10 percentage points in market share since 2009-10, even as other brands have fought hard to wrest share away.
The issues unions have been pursuing aggressively include forced suspensions, flexible work conditions, recognition of a union and salary parity for contract workers.
At Rs 340 a square feet a month, the nine-year pact is among the costliest.
The company's total debt is Rs 5,500 crore (Rs 55 billion) as of December 31, 2012.
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