General Motors India is in talks with the creditors Daewoo Motors India to acquire the car assembly unit of the failed carmaker and has set a timeframe to clinch the deal.
'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'
The sale of Daewoo assets in Surajpur to Crosslinks, a company floated by former Hyundai executive B V R Subbu and Spicejet promoter Ajay Singh, has hit a legal quagmire with a slew of new players staking a claim for the 205-acre land.
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The court in March directed the receiver to take possession of the assets to prevent any damage or pilferage because management assigned by the court to maintain the closed plant had abandoned it, the official said.
'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'
Naval Group's announcement comes a day before Prime Minister Narendra Modi's visit to Paris where he is scheduled meet recently re-elected French President Emmanuel Macron.
The zippy power delivery, the smooth gearshifts, the spot-on gear ratios and the narrow dimensions of the car mean that they make short work of your daily commute in thick traffic.
The change in the way the world views India now is a reflection of how Indian industry has re-engineered itself over the past decade.
Global auto giant, General Motors Daewoo has sued a Chinese car-maker for allegedly copying the design of Matiz, one of its small car and is demanding a compensation of nearly $10 million.
China has pipped India to sign a 30-year agreement to import natural gas from fields lying in Myanmar offshore where India's state-owned companies have 25 per cent stake.
Tata Motors exports to South Africa, European countries, Bangladesh, Sri Lanka and Nepal.
Building 6 conventional submarines is one of the Indian Navy's most important weapon construction programmes.
The 'request for proposal' for the indigenous construction of the six submarines will be issued soon, they added.
The high-pitched election speeches skipped corporate issues, unlike during the assembly polls about four months ago.
The country's largest auto company reported a total sales of 75,775 units across its various international operations, which include Tata Motors, Tata Daewoo and the Hispano Carrocera range of commercial vehicles, Tata passenger vehicles and the British marquee brands Jaguar Land Rover.
Let us re-visit the iconic brands under the GM umbrella and to see why none of them could change the fortune for the General.
History of electronics indicates that no company, nor any nation for that matter, has been able to cement pole position and maintain it through several cycles. he death of its iconic promoter, Lee Kun-hee, raises questions over how long the chaebol can maintain its gigantic footprint in the global electronics industry, says Devangshu Datta.
Go too fast in reverse and the fuel injection will be cut off! High engine temperature, misfire of the engine, injector failure and over speeding will also enable the chime of a buzzer and will flash a warning light on the dashboard. Before you dismiss this, please do know that the EMS controller is the best in the business. The electronic control unit, sensors and actuators are imported from Bosch, Germany.
They might have made little headway in the market so far, but leading Chinese consumer electronics companies are busy drawing up big plans to expand their footprints in India. After acquiring Anchor Daewoo's appliance business last year, Haier is on the prowl for some local brands. TCL is getting ready to expand its product range to mobile phones and home appliances.
Retaining the senior management of acquired companies has been the cornerstone of the company's strategy, be it in case of Daewoo's commercial vehicle business in South Korea, the tea company Tetley or the steel maker Corus.
Tatas have a presence in Korea following the acquisition of Daewoo's heavy commercial vehicles business some years ago.
The fully-loaded version of the car costs around Rs 2.5 lakh and boasts of facilities, including AC, power window and centralised locking, like any other small, premium hatch-back. The fully-charged car would run for 110 km with AC switched on and another 20 kms without AC. It could give a maximum speed of 55 kmph and was likely to give a tight competition to the two-door fibre-bodied battery car Reva, introduced a few years back in the country.
India's Oil and Natural Gas Corp and GAIL (India) Ltd's equity in two gas rich offshore blocks in Myanmar have been cut following Myanmar's national oil company exercising its 'step-in' rights in the fields, gas from where will be sold to China.
The company has entered into a joint venture technical assistance agreement with Afzal Motors of Pakistan.
Tata Motors enters Pakistan through Korean subsidiary Tata Motors, India's largest automobile firm, announced on Friday its entry in Pakistan through its subsidiary Tata Daewoo Commercial Vehicle Co.
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