Toyota Kirloskar, as part of its expansion plans to set up a small and compact car manufacturing unit, would invest about Rs 3,200 crore (Rs 32 billion), creating 2,000 jobs, home minister V S Acharya told reporters after a Cabinet briefing.
The project will entail an investment of over Rs 60,000 crore (Rs 600 billion) and will be developed in a 50:50 joint venture with the Dubai-headquartered Limitless Holdings, a sister company of Nakheel and a part of the diversified Dubai World group
Wachovia, one of the largest banks in the US, with an asset base of more than $700 billion, is set to diversify in India.
The other developers are from across the globe, including players from Dubai, Europe and Asia.
Toyota Kirloskar Motor is lifting the lock-out at its Bidadi plant on the outskirts of the city, effective Saturday, company sources said.
Workers' union to hold meeting on Monday to decide when to return to work.
Japanese auto major Toyota Motors Corporation Ltd said on Tuesday that it has begun exporting transmission equipment, manufactured at its dedicated plant in Bangalore, to seven Toyota plants across the world
The biggest worry is not the shrinking of the labour market, but the collapse of good jobs.
It will be Reliance Industries' gigantic gas find on the east coast versus the imported LNG offered by ONGC and Indian Oil Corporation in the tender for supply of gas to the 1400 MW power plant in Karnataka.
Toyota has set up two manufacturing plants at Bidadi, about 35 km from here, with a combined capacity of 310,000 units a year.
Controversial self-proclaimed godman Nithyananda underwent a potency test on Monday in a 2010 rape case, days after the Supreme Court dismissed his plea challenging the Karnataka high court's order directing him to face the test.
Toyota Motor Corp of Japan, had on March 16 declared a lockout.
Of the 6,400 Toyota employees, about 4,000 are union members and the remaining of them are on contract in both the factories.
The company is currently celebrating the first anniversary of its Camry Hybrid in India during which it has sold 541 units
Firm asks workers to sign undertaking; refuses to revoke suspension of 17.
Two office-bearers of the Toyota Kirloskar Motor Employees Union and eight other employees are staging the strike. Simultaneously, about 1,000 employees, registered with the TKMEU, staged a dharna at the factory gate from 10 am to 6 pm on Wednesday.
Toyota Kirloskar Employees Union (TKMEU) on Saturday said they were ready to resume work on March 24 but would not sign any undertaking as desired by the company, which has agreed to lift the lock-out at its two plants in Bidadi near Bangalore following government's conciliatory efforts.
The incident occurred late Saturday night at the resort where the Congress MLAs are hunkered down since Friday in a move to keep the flock together against alleged bid to topple the ruling coalition by BJP, according to Congress sources.
Two Kannada films will release this festive season.
Most technology companies such as Infosys and Wipro, multinationals such as Amazon and IBM, and start-ups such as Flipkart have made the city their home thanks to its salubrious climate, cosmopolitan culture, and the ability to get talent locally
When the workers returned to work for the 6 am shift on Monday morning, the management insisted each employee sign an undertaking, but the workers refused to do so.
Members of the National Cricket Academy's sub-committee were in for a rude shock when it was intimated that the Board of Control for Cricket in India lost a whopping Rs 50 crore on a dubious land deal and is now mulling initiating criminal proceedings against those involved in the mess.
The Toyota Yaris was finally launched in India last month. Rajesh Alva/Rediff.com offers a quick checklist of what appeals to him about the car, and what doesn't.
Falling margins, high inflation pitting workers against management.
It is, as a matter of fact, not the spokesman's 'responsibility' to answer questions pertaining to people who are not related to the party
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