The Satyam Computer Services board is expected to induct former managing director of Tata Chemicals Homi R Khusrokhan on the company's board of directors as Executive Director and former chief financial officer of Murugappa group Partho S Datta as Director (Finance).
Emulating the concept of Amul, Uttarakhand is all set to bring in a 'white revolution' through a new 10-point programme prepared by Agriculture Minister Trivendra Singh Rawat, the concept paper of which has already been submitted to Chief Minister B C Khanduri for its implementation.
Taking a hard knock in the recession-hit US and other major markets, India's exports nose-dived by 22 per cent in January, dashing all hopes of a recovery riding on the December figures.
Although, global slowdown is the main reason behind the move, officials said the land, which was meant for the IT-BT Park, has now been allotted to other industries for expansion purposes leaving no place for the project.
People in the hilly town of Gopeshwar in Chamoli district were recently surprised to see the Nano, Tata Motors' controversial Rs 100,000 car, parked on a roadside.
Tata Motors' plans to roll out the first of its Rs 1-lakh (Rs 100,000) small car, the Nano, from Uttarakhand, were boosted today after a high-powered state government committee under Chief Minister B C Khanduri allotted it nearly 45 acres of land to expand the Pantnagar unit.
Members of the Beijing Special Armed Police Unit (BSAPU) used a helicopter and ropes to get 10 metres down to the ground. They then shot targets of swaying eggs 15 metres away within 1.5 seconds to practice "killing" terrorists. After breaking through windows, police rescued the "hostages."
Official sources said that top company officials recently met Uttarakhand Chief Minister BC Khanduri and demanded 35 acres of additional land for expanding the facility. Earlier, the company had sought 55 acres of land at Pantnagar for housing purpose. The government is yet to take a decision in this regard.
Football icon Diego Armando Maradona arrived to a rousing welcome by thousands of frenzied fans who remained awake till past mid night waving Argentina's national flag of white and sky blue for first glimpse of the legend at the city airport here.
Seoul-based Green Power Company is planning to invest $200 million in Uttarakhand for setting up a plant that will make alternative petrol from the by-products collected from oil refineries.
"We are not going to tax ONGC's subsidy part," a top income tax department official said in Dehra Dun on November 17. The move follows ONGC's appeal to the department that it should not be taxed on the subsidy. ONGC, which pays its tax in Dehra Dun where its headquarters are located, said in its plea that subsidy discounts reflect heavily on the company's revenue, reducing the corporate tax paid.
According to the package, the dues will be cleared in six monthly instalments by March 2009. Current ATF purchases will get 90 days' credit, supported by bank guarantees. Also, jet fuel price revisions will henceforth happen every fortnight. Praful Patel on Thursday admitted in the Lok Sabha that it may take another two months to make the recently-opened third runway at the Delhi airport fully operational.
With hundreds of new industries setting shop at Pantnagar, just a stone's throw away, the economic impact is quite discernible in Rudrapur, the district headquarters of Uttarakhand's Udham Singh Nagar district. And now that Tata Motors is said to be gearing up to launch the first Nano from Pantnagar, there is fresh excitement in the area. The business community here is ready to give a red carpet welcome to Nano.
One person was killed and six people injured in an explosion in Modasa town of Gujarat's Sabarkantha district on Monday night.
The Uttarakhand government's move to allot 50 acres of agriculture land to Tata Motors for housing purposes has hit a rough patch with Agriculture Minister Trivendra Singh Rawat expressing opposition to the use of farm land for industrial or any other use.
Lehman Brothers, fourth largest investment firm, filed for bankruptcy, after Barclays pulled out of an 11th-hour rescue, becoming the largest financial firm to fail in the global credit crisis, after federal officials refused to help other companies buy the venerable investment bank.
Tata Motors owns 1,000 acres in this rapidly industrialising town in the prosperous terai region of the state. About 30 per cent of it is learnt to be vacant.
Thomas Bata, the Czech-born head of the worldwide family shoe empire that bears his name, died today in Canada, an official said. He was 93.
Tata Motors was allotted 1,000 acres of prime agriculture land at the Pantnagar industrial estate in the hope that the company would set up its dream Nano project in Uttarakhand. It has now agreed in principle to allot 50 acres more to the auto giant. Tata Motors is seeking 100 acres for housing purposes. Meanwhile, suspense continues over the Nano project being shifted to the hill state.
The B C Khanduri government seems to be in no hurry to provide concession on lease rent as well as some more land to Tata Motors at the Pantnagar industrial estate.
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