In the factory, workers said Friday was the last day as far as production was concerned.
A look at the life and times of maverick businessman Chinnakannan Sivasankaran
Commercial vehicle major Ashok Leyland plans to strengthen its presence in the 5-12-tonne range of vehicles. It is to launch trucks from the Prague-headquartered AVIA, which it had bought in 2006, and would upgrading its light commercial vehicles (LCVs) from the joint venture it has with Nissan of Japan. It has also said the JV with Nissan would turn cash-positive in the next 18 months.
S Premkumar has joined as the Group CEO -- Healthcare Services, Apollo Hospitals, one of the country's largest hospital chain.
Renault is planning to assemble Fluence in completely knocked down format.
The firecracker industry in Sivakasi, in interior Tamil Nadu, from where 95 per cent of the Indian output comes from, has said production has declined 20 per cent this year.
Three days after announcing the reinstatement of the variable portion of staff salaries, Mahindra Satyam (earlier, Satyam Computer Services) has begun re-introducing other benefits, including employee stock option plans (ESOPs), beside giving promotions and salary hikes across different bands (grades).Mahindra Satyam, now treading a recovery path after it was hit by a big scandal involving its top management, had withdrawn variable pay in April this year.
The public sector oil companies -- Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum -- may suffer a Rs 25,000 crore revenue loss on fuel sales this fiscal, said S Behuria, chairman and managing director, IOC.IOC, BPCL and HPCL incurred a revenue loss of Rs 1.03 lakh crore on sale of petroleum fuel in 2008-09. The global rise in crude oil prices will increase the under-recoveries for PSUs on sale of fuel at controlled prices.
Around 29,533 candidates who got registered at the state district employment exchanges are not likely to get jobs because of computer errors, caused by the staff at these exchanges, and usage of outdated technology, according to the Comptroller and Auditor General of India.
The bench consisting of acting Chief Justice of Madras High Court S J Mukhopadhyaya and Justice Ibrahim Kalifula on Monday set aside the earlier order according to which TVS Motors was restrained from using the twin spark technology, which was patented by Pune-based, India's second largest two wheeler manufacturer Bajaj Auto.
The original finalisation date was April 31. At a hearing on the issue at the High Court in Chennai, counsel for ICICI Bank, which leads the consortium of banks handling the recast, said it was negotiating with others on an extension. The next hearing on extricating the Chennai-based retail chain from its present quagmire will be on April 17.
India's sea ports do not have equipment to detect radioactive or contaminated consignments, exposing the country to security and safety risks, besides damaging reputation of goods manufactured in the country.
Indbank Merchant Banking Services (Indbank), a subsidiary of public sector Indian Bank, opened its first 'trading cafe' for stock trading in Chennai. It plans to open another 20 such cafes and 18 new branches during 2008-09 across the country.
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