Shares of the north based tractor major edged lower in early trade on Tuesday hit by poor Q4 March 2003 results.
The Punjab government has asked the prospective buyers for its 23.49 per cent stake in Punjab Tractors Ltd, the country's second largest tractor maker, to submit their financial bids by July 21, 2003.
Mahindra & Mahindra (M&M), the country's largest tractor company, has acquired the controlling stake in Punjab Tractors Ltd (PTL), the fourth largest tractor firm, outbidding Hinduja group firm Ashok Leyland.
Mahindra & Mahindra Ltd has decided not to participate in the divestment of state-owned Punjab Tractors Ltd.\n\n\n\n
Punjab government on Friday approved the bid made by Commonwealth Development Corporation, a wholly owned investment institution of the British government, to buy Punjab State Industrial Development Corporation's 23.49 percent share in Punjab Tractor
Punjab Tractors Ltd has posted a net profit of Rs 100 million for the quarter ended December 31, 2002 as compared to Rs 266 million in the quarter ended December 31, 2001.
Utility vehicle-maker Mahindra & Mahindra, which agreed to buy 43.3 per cent stake in Punjab Tractors Ltd last week, on Monday made an open offer to acquire an additional 20 per cent in the company.
M&M for sell-off of PSIDC stake in Punjab Tractor
Tension gripped Chabbewal, Hoshiarpur, as villagers blocked the Hoshiarpur-Chandigarh road for four hours, protesting a mining case and alleged police excesses. The protest stemmed from an FIR filed under the Mining and Minerals Act, leading to arrests and accusations of police brutality. Traffic was disrupted until authorities assured a fair inquiry.
The cost of the war is being counted not in the corridors of power in Washington or Tehran, but in Firozabad's darkened furnace rooms, Howrah's idle casting sheds, and a barbershop in Kochi where the wait is suddenly, inexplicably, an hour long, notes Prem Panicker in his must read blog on the Iran War.
Police in Kathua, Jammu and Kashmir, rescued 20 bovine animals from smugglers in two separate operations, arresting two suspects and impounding two vehicles.
Former Team India hockey stars Rupinder Pal Singh, Gurwinder Singh Chandi and Jugraj Singh are now engaged in a different 'field work' - they are part of the relief and rescue operations in flood-affected Punjab.
People in some border villages of Ferozepur district in Punjab began moving to safer areas amid soaring tensions between India and Pakistan.
Punjab Police detained several farmer leaders, including Sarwan Singh Pandher and Jagjit Singh Dallewal, while they were returning from a meeting with a central delegation in Chandigarh. The police also began evicting protesting farmers from the Shambhu and Khanauri border points, which have been closed for over a year. The action comes amid concerns from industrialists in Punjab over the prolonged closure of the border points, which they say has resulted in heavy losses. The meeting between the farmer leaders and the central delegation, led by Union Agriculture Minister Shivraj Singh Chouhan, was inconclusive, but the next meeting is scheduled for May 4.
Punjab Police thwarted farmers' attempt to go to Chandigarh on the Samyukta Kisan Morcha's call for a week-long dharna beginning Wednesday, as multiple checkpoints were set up across the state and security stepped up at all entry points of the Union Territory.
Farmer unions protesting the Centre's three farm laws had said they would go ahead with their tractor parade in Delhi on Republic Day.
The Supreme Court on Wednesday rapped the Haryana and Punjab governments over non-prosecution of violators found guilty of stubble burning and summoned the state chief secretaries to appear before it on October 23 and submit. an explanation.
The land pooling policy aims to kick-start a new wave of urbanisation in the predominantly rural state.
Addressing a public meeting in Badhni Kalan in Punjab's Moga district, Gandhi asserted that the contentious Acts would be revoked if the Congress was voted to power.
The Centre has estimated that nearly 14,000 people have gathered along the Punjab-Haryana border with 1,200 tractor-trolleys, 300 cars, 10 mini-buses as well as small vehicles and conveyed its strong objections to the Punjab government for it, sources said on Tuesday.
Ahead of farmers' tractor parade in Delhi on Tuesday, Punjab Chief Minister Amarinder Singh on Monday appealed to farmers to ensure their rally remains peaceful as their stir against agri laws has been so far.
Heavy rainfall across North India leads to fatalities, structural damage, travel disruptions, and school closures. Eastern states brace for more rain.
Sidhu, who had been at loggerheads with Chief Minister Amarinder Singh, had stayed away from all Congress activities ever since he resigned as cabinet minister last year.
Flash floods triggered by a cloudburst in Mandi, Himachal Pradesh, resulted in casualties and widespread damage, prompting rescue operations and relief efforts.
In a strong response to the Union home ministry's letter on the ongoing farmers' agitation, the Aam Aadmi Party dispensation in Punjab on Wednesday wrote to the Centre saying it is 'completely wrong' to claim the state government was allowing gathering at the two border points with Haryana.
Punjab Chief Minister Charanjit Singh Channi on Friday announced to provide Rs 2 lakh as compensation to 83 people arrested by Delhi Police for carrying out a tractor rally in the national capital on January 26.
Mahindra & Mahindra (M&M) is setting up a greenfield tractor plant in Mohali near Punjab. Fueled by a strong domestic demand, the expansion is the first in a decade by the world's largest tractor maker. In 2012, the company had set up a facility at Zaheerabad in Telangana.
Fada estimates that global supply chain headwinds like scarce availability of rare earth elements for electric vehicle components and geopolitical tensions may affect urban consumer sentiment in June as well.
Tractors carried the flags of the unions, some sported the tricolour, and also posters with slogans of 'Kisan Ekta Zindabad', 'No Farmer, No Food' and 'Kaale Kanoon Radd Karo'.
The victim was a farmer apparently taking part in the protest in the district's Longowal area, where police were trying to stop protesters from blocking a national highway and a toll plaza, officials said.
Punjab farmer leader Sarwan Singh Pandher said no 'jatha' (group) of farmers will resume their foot march to Delhi on Tuesday. The farmers suspended their march after some were injured in teargas shelling by Haryana security personnel. Pandher accused the Centre of being confused on how the protesters should proceed to the national capital, citing contradictory statements from different ministers. He also criticized the government's lack of response to the hunger strike of farmer leader Jagjit Singh Dallewal, which has entered its 14th day.
Several 'khaps' of Haryana are set to join farmers' tractor parade in Delhi on the Republic Day with thousands of these vehicles leaving various caste councils' villages for the national capital on Sunday.
Irrigation woes have contributed to the problem of stubble burning in the state, reports Sarthak Choudhury.
To observe one year of the movement against the Centre's three agri laws, 500 farmers will participate in a peaceful tractor march to Parliament every day during winter session starting November 29, the Samyukta Kisan Morcha said on Tuesday.
Moosewala's family, including his parents, were inconsolable as they sat beside the body at their home.
"It was a rehearsal for the proposed January 26 tractor parade," Bharti Kisan Union (Ekta Ugrahan) leader Shingara Singh Mann told PTI over the phone.
'If the Delhi Police has some issues over law and order on Republic Day, they can sit with Sankyukt Kisan Morcha and tell about alternatives routes for the tractor rally'
Farmer unions opposing the Centre's new agri laws on Wednesday rejected a suggestion by police officers to hold their proposed January 26 tractor rally on the Kundli-Manesar-Palwal Expressway instead of Delhi's busy Outer Ring Road, sources said.
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