A consortium led by the Aditya Birla Group emerged the lead bidder to acquire IPL franchise Royal Challengers Bengaluru for a whopping Aditya Birla Group-Led Consortium Acquire IPL Champions RCB for Rs Rs 16,660 crore.
The US auto giant Ford Motor on Tuesday said it would post profits at its Indian unit from this year, with a strong sales growth of its mid-size sedan 'Ikon' in the market.
As part of the new Central Motor Vehicle Rules, the government is framing a mandatory recall policy entailing penalties.
Automobile dealers' body FADA has urged the government to formulate a task force to monitor the compensation structure being worked out by Ford India for its dealer partners across the country. In a letter to Heavy Industries Minister Mahendra Nath Pandey, FADA president Vinkesh Gulati also requested the government to instruct Ford India to keep the industry body in the loop regarding the compensation structure for the dealerships. "We humbly request your Ministry's intervention... Create a task force which takes day-to-day updates from Ford India to monitor the compensation plan for automobile dealers and dealership employees," Gulati said in the letter.
Diksha Dagar, Vani Kapoor, and Avani Prashanth made the cut at the Women's Australian Open, while Hitaashee Bakshi and Pranavi Urs missed out. Celine Herbin leads the tournament.
American automaker Ford on Thursday said that it had withdrawn plans to manufacture electric vehicles (EVs) in India and it won't invest in the country under the performance-linked incentive (PLI) scheme. "After careful review, we have decided to no longer pursue EV manufacturing for exports from any of the Indian plants. "We remain grateful to the government for approving our proposal under the PLI and for being supportive while we continued our exploration. "Ford India's previously announced business restructuring continues as planned, including exploring other alternatives for our manufacturing facilities.
Days after Ford Motor chairman and CEO Bill Ford promised fresh investments for India, the company said it will be pumping in $75 million (around Rs 330 crore) for expanding operations.
US auto major Ford Motor Co will shut its two manufacturing plants in India and will sell only imported vehicles in the country as part of a restructuring exercise, according to people aware of the development. The company, which invested about USD 2.5 billion at its Chennai (Tamil Nadu) and Sanand (Gujarat) plants, will stop selling vehicles such as the EcoSport, Figo and Aspire which are produced from these plants. Going ahead, it would only sell imported vehicles like Mustang in the country.
The West Indies and South Africa, both undefeated, will battle in a Super 8 match of the T20 World Cup. The West Indies' powerful batting will be tested by South Africa's balanced bowling attack. The result could significantly impact India's chances of reaching the semi-finals.
Ford dealers in India are staring at huge losses with the automaker deciding to shut production in the country with immediate effect, automobile dealers' body FADA said on Thursday. Terming the company decision as shocking, the industry body noted that the dealers have invested over Rs 2,000 crore in creating sales infrastructure while employing around 40,000 people across the country. "The auto retail fraternity is really shocked to hear another Ford India's announcement where it has said that it will shut down production with immediate effect," FADA president Vinkesh Gulati said in a statement.
Tata Indica, the Tata Group's big passenger car bet, was not delivering expected returns a year into its launch. Desperate, the Tata Motors brass, led by Ratan Tata, acceded to a meeting request from Ford Motors for a possible sale of the passenger vehicles division to the American auto major. Some people had advised Tata to sell the business, and the Ford officials came to Bombay House to hold talks.
American auto major Ford Motor on Friday said it is preparing to utilise its Chennai manufacturing plant to roll out vehicles for exports and has intimated the same to the Tamil Nadu government. Minister for TRB Rajaa, who is in the United States accompanying the Chief Minister M K Stalin to woo investors, said the efforts of the Chief Minister to reposition 'Brand Tamil Nadu' in its Numero Uno place has yielded rich dividends.
Europe's top-end car maker Volvo is planning an onslaught on the Indian market on the back of Ford India Ltd. Ford India's parent, the US-based Ford Motor, owns Volvo's car business.
Hope to lead West Indies in T20 World Cup; Sampson, Joseph included
Aiden Markram's unbeaten 82 and a 95-run opening stand with Quinton de Kock powered South Africa to a nine-wicket win over West Indies, putting the Proteas on the brink of the T20 World Cup semi-finals.
The automotive business includes vehicle manufacturing plants of Ford India in Chennai and Sanand.
Since a couple of months, Ford India is busy giving a makeover to its cars.
What is currently perceived as a massive, low-tech liability could become a high-value, export-oriented economic engine, points out Ajit Balakrishnan.
The pause gives the US time to breathe, to regroup, to move its expeditionary force into position without risk of interception along the way. It gives Iran nothing -- on the ground, attacks against its infrastructure continue apace. Prem Panicker in his must read daily blog on the Gulf War.
Qatar's five-times winner Nasser Al-Attiyah was in second place for the Dacia Sandriders team, 40 seconds behind de Mevius.
The West Indies and Zimbabwe, both undefeated in the first round, will clash in a crucial T20 World Cup Super Eight match. The West Indies' power-hitting prowess will be tested against Zimbabwe's resilience and all-round strength.
Clinical South Africa hammer West Indies by nine wickets, seal semifinal spot
England and West Indies, both former champions, prepare for a critical Group C match in the T20 World Cup after contrasting performances in their opening games. England seeks a more convincing win after a narrow escape against Nepal, while the West Indies aim to continue their strong start.
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US Secretary of State John Kerry on Monday visited auto major Ford India's upcoming manufacturing plant in Gujarat.
Automotive major Ford India Pvt Ltd on Wednesday said it would launch a new premium car in India by the end of this calendar year and announced the appointment of Aravind Mathew, as the new chief for Indian operations.
Tata Motors has inked a pact to acquire Ford India's Sanand-based manufacturing plant for Rs 725.7 crore, as it aims to bolster its passenger vehicle production capacity. As part of the deal, Tata Motors will get the entire land and buildings, vehicle manufacturing plant along with machinery and equipment situated therein, the Mumbai-based auto major said in a statement. The deal also includes the transfer of all eligible employees, it added.
Tournament co-hosts India will be out to defend their Twenty20 World Cup title. The 10th edition of the 20-overs global showpiece event will run from February 7 to March 8.
Both are finding it difficult to sell one each of their plants -- Chennai Maraimalai Nagar (Ford) and Talegaon near Pune (GM) -- and are finding the road blocked by employee severance snarl-ups, report Sohini Das and Shine Jacob.
Scotland, a late entry into the T20 World Cup, is set to face West Indies in their opening match. Scotland aims to prove their worth and cause upsets against higher-ranked teams, while West Indies look to leverage their experience and firepower.
Ford India said on Thursday that it hopes to increase sales this year in a market that is showing signs of growth and an economy that is encouraging.
In one of biggest ever such exercises in the country, Ford India on Monday said it has recalled over 1.28 units of its best selling Figo and Classic cars to rectify problems related to steering and rear suspension.
Tournament co-hosts India will be out to defend their Twenty20 World Cup title in familiar home conditions next month.
'We announced a $500 million investment plan for India. I have not received a single call from either the US or Bangkok (Ford's Asian centre of operations) asking me to freeze the investment programme or to scale it down,' says Michael Boneham, MD, Ford India.
Understanding severance pay isn't just for those who are losing their jobs
US carmaker Ford Motor Co, which aims to enter the Indian small car market by 2010, plans to make the country a regional hub for exports, both for the cars and engines.
Ford India said on Thursday it will launch the diesel variant of the mid-size Ford Fusion by the third quarter of this fiscal, even as it forecast demand for vehicles softening due to steep interest rates and possible revision in annual sales target.
The company did not clarify if the software error affects only domestic sales or exports from the plant as well
The company, which had launched the model last year, has so far sold more than 60,000 units of the SUV in the country.
