Millions of vehicles have been recalled across the globe due to defective safety airbag manufactured by Japan's Takata Corp.
"This year we have an expansion plan to touch 200 retail outlets, out of which 60 will be exclusive Acer Malls. For the purpose we have an investment budget of $3 million," Acer India Ltd Managing Director WS Mukund said.
Besides Ruias, the CBI charged Essar Group director (strategy and Planning) Vikas Saraf, Loop Telecom promoters Kiran Khaitan and her husband I P Khaitan.
Senior Congress leader Kapil Sibal on Tuesday demanded a probe into the charges made by the self-proclaimed US-based cyber expert, terming them as "very serious" as they concern the survival of democracy in India.
Billionaire Rakesh Jhunjhunwala and investor Radhakrishna Damani have invested around Rs 80 crore (Rs 800 million) for a little over 14 per cent stake in Chennai-based Sterling Holiday Resorts India Ltd, founded by timesharing veteran R Subramanian in 1986.
A show-cause notice has been issued to Colgate Palmolive India Ltd asking as to why a contempt proceeding be not initiated against it for airing a TV ad despite a restraining order.
Around 200 brokers are said to be involved in the scam; they have been summoned for questioning. Major brokerages questioned by the EoW so far include Anand Rathi, Motilal Oswal, India Infoline and Geojit Comtrade.
CMD designate says company will do everything to meet the presidential directive.
The company has also entered into an agreement with Pogo under which Odomos will use the image of Pogo's character Chota Bheem to adorn the wristband and mosquito repellent patches.
A major fire broke out at GAIL's natural gas pipeline in South Delhi's Satyaniketan area after it was perforated by civic construction contractors but there were no casualties reported.
Divestment Ministry on Friday said it has received in-principle clearance from Petroleum Ministry and is going ahead with the sale of government equity in Oil India Ltd (OIL).
The Petroleum Ministry has asked the oil regulator to look into the marketing margin charged by not just Reliance Industries, but also state-owned GAIL India Ltd on the sale of domestic gas and imported LNG.
The country's second largest maker Hyundai Motor India Ltd (HMIL) on Monday said it has introduced three new variants with additional features of its latest small car Eon, which will be costlier by up to Rs 7,000 from the existing versions.
State-owned refiner Indian Oil Corp and its exploration partner Oil India Ltd plan to bid for two onshore oil and gas exploration blocks in Myanmar.
While Kumar, Tarun, Ashok, Sandeep and Dinesh were earlier in CBI custody for five days, the other accused were sent to the agency's custody on Monday.
To meet fuel supply commitments to the power sector, the government today said CIL might divert a portion of the coal meant for e-auction to power plants.
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The Securities and Exchange Board of India, in a consent order dated June 28, has settled charges of takeover norms violation by the Tinplate Company of India Ltd after it paid Rs 228,000.
Commenting on the company's performance, HMIL managing director and chief executive officer, BS Seo said: "We surpassed our targets of selling 4 lakh vehicles in the domestic market by adding new products like Xcent, Elite i20 and Santa Fe to our robust product portfolio."
Talks between the management and striking workers at the Manesar plant broke down.
Workers at Suzuki Powertrain India Ltd and Suzuki Motorcycle India Pvt Ltd, who have also gone on strike in support of their colleagues at MSI, are continuing their stir.
The strike by workers at Suzuki Powertrain India Ltd in support of their colleagues at the Manesar plant has made the situation even more precarious for the Maruti Suzuki India management.
The Foreign Investment Promotion Board (FIPB) has rejected a proposal by Mauritius-based Axiata Investments 2 India Ltd, part of Asian telecom giant Axiata Group, to increase its stake in Idea Cellular by acquiring shares from the stock exchange.
The department had also said it would initiate action to derecognise the unions of SPIL and SMIPL.
The company has been hit hard, not only by strike of its own workers, but also due to the supply shortage of engines and transmissions from Suzuki Powertrain India Ltd.
The new Verna bears Hyundai's new design philosophy of 'Fluidic Sculpture'.
Centre of Indian Trade Unions district secretary Muthukumar said the workers were arrested when they tried to stage an agitation in front of the plant at Sriperumbudur.
Labour Minister Shiv Charan Lal Sharma visited Gurgaon on Wednesday to meet senior department officials to decide on the likely course of negotiations.
For the first time in the country, Tata BP Solar India Ltd, a joint venture of Tata Power and BP Solar, has installed and commissioned a megawatt-scale solar power plant under the rooftop and other small solar power generation plant scheme as part of Jawaharlal Nehru National Solar Mission (JNNSM).
The two government upstream companies, along with GAIL, make good a third of the losses made by government oil marketing companies.
The Supreme Court on Monday pulled up the Centre for not being serious on disposal of toxic waste lying in the defunct Union Carbide India Ltd plant, now represented by DOW Chemical Company, in Bhopal for the last 28 years and asked it to take a final decision on it soon.
Oil and Natural Gas Corp will pay Rs 1025 crore (Rs 10.25 billion) to the state-run oil retailing firms for the losses they suffered during the second quarter for selling LPG and kerosene below the cost.
CPRL Board may meet this week to decide if the outlets in the north and east of India can be kept open till the matter is settled in courts
Dynamics of auto business will change if the government ends diesel subsidy to passenger vehicles.
"The Manesar plant remains captive in the hands of workers. There is no production possible there. Due to the impact of components from SPIL, production at Gurgaon will be even lower compared to yesterday," a Maruti Suzuki India spokesperson said.
Maruti Suzuki India on Monday said the production at its plant in Gurgaon has been impacted due to strike at Suzuki Powertrain India Ltd (SPIL), which supplies engines to MSI.
The car is expected to hit the road on October 23 and is being launched as Hyundai celebrates two decades in the country. Industry sources say that it will be priced at Rs 3,70,000 to stay competitive with its biggest competitors, Tata Tiago and Maruti Suzuki Celerio.
Cairn wants the stakes that its different subsidiaries, including those registered abroad as well as showpiece Rajasthan oilfields, hold in oil and gas properties, to be transfered into one India-based company.
Going by the experience of the previous years -- when the actual proceeds from stake sale were much lower than the targets -- the government's disinvestment target for 2014-15 appears too ambitious.
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