'We are in the reverse gear and we are not there anywhere compared to the rest of the world'
Dismissing as baseless Kitex group chairman Sabu Jacob's allegation that the atmosphere in Kerala is not industry-friendly, state Industries Minister P Rajeev on Wednesday said his government stands for "responsible investment" and the southern state would be made a destination of such investments in few years. In an exclusive interview to PTI, Rajeev said the focus of the government is to attract green industries and IT-based industries in Kerala as land scarcity and environmental issues associated with it have been a problem in the state. "We are always taking a stand in favour of investment, in favour of industries. But our need is that--investment should be responsible. We stand for responsible investment," said Rajeev, who represents Kalamassery-an industrial hub in Kerala--in the state Assembly. Elaborating on responsible investment, the minister said it is a strategy and practice to incorporate environmental, social and governance (ESG) factors in investment decisions.
With car penetration of around 22 per 1,000 population, India continues to be a big opportunity to sell cars, especially in rural areas.
The two firms are discussing bidding jointly for CGD projects in cities that would be put on offer by the sector regulator, Petroleum and Natural Gas Regulatory Board in the future.
The Pune-based research institute will design and develop car batteries and offer the technology for mass production.
Formula One's governing body has urged teams to build on cost-cutting measures for this year by taking further steps for the future, including possible voluntary budget caps.
The prospect of Ferrari pulling out of Formula One at the end of the year receded on Friday when the champions joined all the other teams in signing up conditionally for 2010.
If Volkswagen's sales were to plunge in North America in the coming months, this would not only have an impact on the company, but on the German economy as a whole.
Whether the experiment will continue will be determined after assessing the impact of these 15 days - from January 1 to 15
Seven-time world champion Michael Schumacher joins FIA president Max Mosley on an elite panel that would distribute $ 60 million of the $ 100 million fine to be paid by McLaren-Mercedes following the 'spy-gate' scandal that rocked motorsports last year.
The town houses some 1,500 small and tiny units, of which 75 per cent are engaged in manufacturing components for the automotive industry. The town houses some 1,500 small and tiny units, of which 75 per cent are engaged in manufacturing components for the automotive industry.
Kerala floods take a toll on small businesses, NBFCs brace for losses
Some 500,000 drivers and helpers have been left high and dry because of lockdown; many of these trucks are carrying essential goods.
Indian auto and pharma industries import several critical components and raw materials from China.
German machine tool exports to India have been growing at double digit figure since 2002. Moreover, German exports saw an increase of 23 percent in the first half of 2007 compared to the same period last year, Chairman of VDW, the German Machine Tool Builders' Association, Carl Martin Welcker said on Thursday.
The new tax regime has also been fuelling sale of SUVs, particularly the compact SUVs
India Ratings expects long products demand growth to be sharp, supported by a demand push from the government-led infrastructure investments in affordable housing, railways, rural electrification and road networks.
11 categories of industries will be exempt from the Madhya Pradesh Industrial Relations (MPIR) Act of 1961. This includes textile, leather, cement, iron and steel, electrical goods, sugar, electricity, public motor transport, engineering including manufacture of motor vehicles, among others.
Industrial output fell 3.2 per cent in November.
Half a dozen stocks from the large-cap universe and over two dozen from the mid-cap universe have been replaced.
With India's imports exceeding exports, weak rupee does more harm than good. Analysts, however, say that rupee depriciation is positive for export-oriented sectors such as IT services, pharmaceuticals, textiles and automobiles
A planned freeze on engine development in Formula One from 2008 will be brought forward to next year.
The Royal Enfield Himalayan might boost the motorcycle touring culture in India with its off-road prowess and affordable cost, says Indian automobile website MotorBeam.
With fuel cost soaring to new highs, automobile firms are launching hybrid models to tackle the problem.
Infosys Technologies has become the first Indian company to join Automotive Open Systems Architecture development partnership to develop protocol and standards for next-generation automotive electronics.
After Formula One's expected high profile entry into the country, Indian motorsport fans may get the opportunity to have a glimpse of A1GP race by 2009.
Car maker Fiat India has sold its property in Kurla (Mumbai suburb) to IKG Associates for Rs 608 crore (Rs 6.08 billion). IKG is an affiliate of the financial services company IL&FS. The Italian car maker had received bids for the 53 acre plot from leading developers over the past few months.
TCS, Eicher Motors and Kotak Mahindra Bank have turned out be the fastest and most consistent wealth creators.
The government on Friday announced several relief measures including deferring one-time registration fee, lifting the ban on purchase of petrol/diesel vehicles by its departments and allowing higher depreciation, but it remained non-committal on the demand for a reduction in GST rates.
Mahindra will serve as a mentor and sounding board for the managing director on issues to be presented to the board, especially in the areas of strategic planning, risk mitigation and external interface. In addition, he will be available to provide feedback and counsel to the managing director on key issues facing the enterprise.
The government on Saturday said it is expected to take a decision on privatisation of Delhi and Mumbai airports at the meeting of the Empowered Group of Ministers on January 24.
Unprecedented torrential downpour in Chennai and other parts of Tamil Nadu brought the whole state to a grinding halt.
Fresh PoEM guidelines will affect pharma, energy, automobiles, manufacturing and software companies.
The US has been, historically, a sleeping partner in India-China relations. Today, any attempt by the Modi government to make a bilateral move to improve relations with Beijing could upset Biden's apple cart, notes Ambassador M K Bhadrakumar.
