However, the company has claimed its vehicles are 'compliant' with the country's emission norms and that it will 'challenge' the tribunal's order.
The five-member Group of Ministers (GoM) also include Agriculture Minister Sharad Paward, Heavy Industries Minister Vilasrao Deshmukh, Petroleum Minister Murli Deora and Chemical and Fertiliser Minister M K Azhagiri, official sources said.
The government on Tuesday provided enhanced financial autonomy to two public sector units -- Bridge and Roof Company and Bharat Pumps and Compressors -- by granting them the 'mini-ratna' status.
If the country wants to have eco-friendly vehicle, definitely some concessions have to be offered.
L&T plans to transfer the equity of L&T in their joint ventures with Mitsubishi Heavy Industries into L&T Power through a book transfer, if clauses for the re-tender remain the same, company executives told Business Standard.
If cleared, the ONGC arm will become the first subsidiary company of an existing Maharatna to get into this superior league among government-owned entities.
Union Heavy Industries Minister Vilasrao Deshmukh on Saturday asked people not to attach much importance to what the Thackerays say and accused the family members of fighting among themselves to strengthen their political base in Maharashtra. "Don't attach much importance to what they say. It is their family problem, to strengthen their (respective) political base," the former Maharashtra chief minister said.
Prices of automobiles, including cars, sports utility vehicles and two-wheelers, are set to come down with Finance Minister P Chidambaram announcing a reduction in excise duty in the Interim Budget.
From Bollywood strong men to cricketing greats, celebrities upped the glam quotient this poll season. Some we will see as future MPs, the others just have to get back to business. Rediff.com takes a look at some popular faces, who fought Election 2019 and here's the verdict on them.
Union minister and Congress leader Vilasrao Deshmukh and two Nationalist Congress Party candidates were elected on Monday to the Rajya Sabha from Maharashtra. NCP leaders Govindrao Adik and Ranjitsinh Mohite Patil were elected to the Upper House of parliament against the seats vacated by Civil Aviation Minister Praful Patel and Supriya Sule after their election to Lok Sabha.
Former India skipper and chief selector Dilip Vengsarkar and Union Minister for Heavy Industries Vilasrao Deshmukh were on Tuesday elected unopposed as vice-presidents of Mumbai Cricket Association (MCA). After the deadline for withdrawal of nominations ended on Tuesday evening, both Vengsarkar and former Maharashtra Chief Minister Deshmukh were left without any opponent for the July 10 elections.
Congress sources in New Delhi say the race is narrowing down between Deshmukh and Chavan with latter having an edge.
While foreign currency rating was retained at Baa2 -- the second-lowest investment grade score -- Moody's also projected a fiscal deficit of 3.7 per cent of gross domestic product in the year through March 2020, a breach of the government's target of 3.3 per cent.
The government said on Friday it is considering offloading 10 per cent of its equity stake in navratna public sector unit Bharat Heavy electricals Limited.
Gold closed at its highest level in nearly two weeks.
Based on a feedback, the exchange could cap a sector's weight at 25 per cent, or align with the broader market.
The testing track for high speed vehicles (having speeds between 250 kmph and 350 kmph) at the Indore centre would be operational by 2012.
The government is working out a scheme that will facilitate finance for the auto component industry hit by economic slowdown and increasing competition from abroad.
If a committee set up under the heavy industries ministry approves a recommendation of the auto industry, the country may soon get a scheme, which would incentivise a vehicle buyer for scrapping his old vehicle in exchange.
The government on Monday said the country's total vehicle export is likely to increase by up to 15 per cent in the current fiscal, as demand from Europe is expected to rise.
He said any decision regarding divestment of BHEL has to be taken by the board of the company.
'Given the past practice in the Pakistan army, this delay is most unusual,' notes Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.
Concerned over the downturn in the automobile industry, Heavy Industries Minister Vilasrao Deshmukh has asked the Finance Minister to cut excise duty on big passenger cars by more than half to 8 per cent.
Union Heavy Industries Minister Vilasrao Deshmukh on Friday said that he is not a contender for the chief minister's post in Maharashtra. Speaking to reporters after his meeting with Congress president Sonia Gandhi in New Delhi, Deshmukh said he would leave the decision to the party high command. Deshmukh, who has headed the state government twice earlier, is claiming the support of fifty Members of Legislative Assembly.
Though the NITI Aayog did not give its estimates for the required GDP growth at constant prices, economists pegged it at 9 per cent, a feat not seen since the GDP series was revised with 2011-12 as the base year.
It was a huge earthquake which put this nondescript town in Marathwada region on the news map. Sixteen years later, Latur is again in the news as it will decide the political fortune of Amit Deshmukh, son of Union Heavy Industries Minister Vilasrao Deshmukh, in the October 13 Maharashtra assembly elections. Amit, Congress candidate from Latur (urban) constituency, is locked in a quadrangular contest.
The deal is estimated to be worth Rs 12,000 crore.
In a little over six months, Bajaj, the country's second biggest two-wheeler maker, has sold over 500 units of the Kawasaki Ninja 250R, price Rs 2.69 lakh (the 269,000 same as a Maruti Suzuki Alto car).
Suzuki will also meet Haryana Chief Minister Bhupinder Singh Hooda, industry sources said. The country's largest car maker Maruti Suzuki India, majority owned by the Japanese firm, is investing up to Rs 1,500 crore (Rs 15 billion) in building test tracks and an R&D centre in Rohtak, Haryana.
Pallonji Mistry, an Indian origin business magnate, has topped Ireland's rich list with a worth of 3.9 billion pounds.
Maharashtra Congress leader and Union Heavy Industries Minister Vilasrao Deshmukh on Monday side stepped the Padamsinh Patil issue, saying it is an internal matter of the NCP.He was responding to a question on whether Patil should resign from the Parliament, in the wake of his arrest by the Central Bureau of Investigation, in a murder case.The matter is subjudice and the law will take its own course, Deshmukh said.
General Motors said the Chinese industrial machinery group Tengzhong would acquire the rights to the premium off-road Hummer brand, along with the senior management and operational team. The car maker noted that the deal is anticipated to secure more than 3,000 US jobs in manufacturing, engineering and at Hummer dealerships around the country. The transaction is expected to close in the third quarter of 2009. However, the financial details have not been disclosed.
In India, over 13.25 lakh cars have been recalled by various auto companies so far.
Kawasaki have pulled out of motorcycling's MotoGP world championship as part of the company's efforts to cut spending amid the global financial crisis. Kawasaki Heavy Industries Ltd on Friday became Japan's latest motorsport casualty after a trio of the country's carmakers announced similar plans last month.
For the first time in more than 25 years, Japans Kawasaki Heavy Industries will introduce a high-powered motorcycle in the Indian market with the help of its Indian partner and long-time collaborator, Bajaj Auto.
The Pune plant will manufacture excavators up to 20 tonne and payloaders. Hyundai Korea already sold around 300 imported excavators in India in the last few years. Company managing director J S Kim said Hyundai is considering India as a strategic market where mining and construction sector is witnessing a boom.
Industry analysts say the display of mileage data will help buyers take informed decisions. "Studies conducted by us reveal this fact. Customers who were over-promised on mileage developed dissatisfaction that was four times higher than customers who were promised the actual mileage. So, the resultant transparency actually boosts the brand image of the car manufacturer," said Mohit Arora, senior director of Singapore-based JD Power and Associates.
A bench headed by NGT chairperson Justice Adarsh Kumar Goel directed the carmaker to deposit the amount within two months.
Replying to questions in Rajya Sabha, he said CAG in its audit observations has pointed out financial irregularities of Rs 1404.32 crore (Rs 14.04 billion) in its 2008 report and Rs 4547.63 crore (Rs 45.47 billion) in the 2007 report. Deshmukh said CAG has also pointed out reasons for deficiencies in the accounts of PSUs.
Great Eastern Shipping Company Ltd placed an order for a 45,500 metric ton new building product tanker with Hanjin Heavy Industries and Construction Co Ltd, South Korea.
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