HMSI has increased the monthly salary of its permanent workers by Rs 14,770 a month.
While the slowdown in the domestic economy and a ban on mining has sharply impacted the demand for medium and heavy commercial vehicles, sales of LCVs rose 15.61 per cent to 378,509 units between April and December, driven by need for products for last mile transportation.
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.
Auto makers step up efforts export cars and offset adverse impact of foreign exchange fluctuations.
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.
State-owned explorer's foreign arm wants to invest in exploration & production in the country, which has world's fourth-largest reserves.
Board would start selling the bid documents on November 22.
The companies continue to see heavy demand in utility cars.
Problems at refineries, higher home demand for automobile fuels among main reasons.
The sacked workers have constituted a seven-member provisional working committee.
It will also make up-to-date payment of productivity linked incentives for all licensed category employees between May and June.
Firms are enthused at passenger vehicle numbers but high interest rates a problem.
The three govt-owned OMCs - IndianOil, BPCL and HPCL - together meet the country's entire LPG cylinder demand.
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.
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.
The Houston-based company is selling up to 50 per cent of its oil-sand reserves in Alberta. There are some producing assets and some exploration assets on offer.
A decision has been taken to gradually initiate Aadhaar and non-Aadhaar based LPG subsidy transfer through the OMCs.
According to RIL's announcement for the first quarter ended June 30, the KG-D6 field produced 33.1% less gas in the quarter.
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