Suzuki Motor Company chief Osamu Suzuki on Thursday called on Finance Minister P Chidambaram, within a week of the government deciding to sell 8 per cent of its equity in Maruti Udyog Ltd.
Leading car manufacturer Maruti Udyog Ltd has bought Suzuki Motor Corporation's 30 per cent stake in the joint venture Maruti Suzuki Automobile India Ltd for Rs 12 crore (Rs 120 million), taking its total stake in MSAIL to 100 per cent.
The shares of car major Maruti Udyog Ltd would be listed on the National Stock Exchange and Bombay Stock Exchange by July 9-10, its managing director Jagdish Khattar said on Monday.
Foreign investors are believed to have accounted for majority of the bids totalling over 10.5 crore (105 million) shares for MUL's maiden public offer.\n
The government will raise at least Rs 2,250 crore (Rs 22.5billion) for selling its residual stake in the country's top carmaker Maruti Udyog Ltd to banks and financial institutions, as it has fixed a floor price of Rs 760 a share.
Divestment ministry is believed to have received an in-principle nod from FIPB for participation of FIIs, NRIs, and OCBs in the ensuing public offer government equity in car-maker Maruti Udyog Limited.
The shares of Maruti Udyog Limited will be listed on Wednesday on the Bombay Stock Exchange and the National Stock Exchange for trading in the secondary capital market.
Suzuki Motor Corporation on Monday submitted the business plan for Maruti Udyog Ltd, to enable Government to proceed with the proposed public offer in the car joint venture in the current fiscal.
Questioning the claims made by the Centre that it had defaulted in Employees Provident Fund, auto giant Maruti Udyog Ltd on Saturday said it was diligently complying with all relevant acts in respect of its employees.
The delay stems from the IAF's wish to make the Su-30MKI the high-performance fighter that it eventually turned out to be. Ajai Shukla reports
Designer Sanjay Garg brought the curtains down on Day One of LFW at the Royal Opera House, Mumbai.
Breaking his silence on FDI in multi-brand retail, Dravida Munnetra Kazagham chief M Karunanidhi on Monday said his party will not support the Centre's decision to allow foreign investment in the sector.
Presenting Purvi Doshi's collection on the fourth day of Lakme.
Air power is an indispensable aspect in any nation's security apparatus. Countries like India are aggressively pushing forward with plans to build a robust air force, arming themselves with tech-loaded aircraft. Let's take a look at some of the best fighter aircraft around the world today.
Vicious armed gangs are waging a savage battle for supremacy in Pakistan's commercial hub Karachi in which 306 people have been killed in the last one month and many areas of the city have become "no go zones", the Sindh police chief told the Supreme Court.
Costume designer Neeta Lulla on her fabulous work on the film, which won her a National Award.
The fourth day of Lakme Fashion Week saw designer Sashikant Naidu present his line 'Parvati' -- a range of ethnic designs inspired by goddess of the same name, who represents the woman of the universe. Check it out.
Chak De! India star, Sagarika Ghatge was the showstopper for Pallavi Singhee.
First Additional District and Sessions Court Judge V G Bopaiah passed the order when nine of the 16 were produced in the Hubli court. The nine who were produced before the judge were: Asadulla Abubaker, Shakeel Ahmed Mali, Allabakhsh Yadawad, Yaha Kammukutti, Syed Sadiq, Mohammad Yasin, Mohammad Ansar, Muroz alias Mulla and P A Shaduli.
Maruti Udyog Ltd, India's biggest carmaker, on Monday said domestic sales grew 10 per cent at 40,175 units in July 2004 as its compact cars notched up impressive numbers.
India's biggest carmaker Maruti Udyog Ltd on Thursday said it will announce a price hike by the end of December.
The country's biggest carmaker Maruti Udyog Ltd on Monday hiked the prices of its vehicles across all models between Rs 1,500 and Rs 15,000.
Singers Monica Dogra and Shibani Dandekar rocked Payal Singhal's show.
Maruti Udyog Limited, the country's largest carmaker, launched its premium sedan SX4 priced between Rs 618,000-689,000 (ex-showroom Delhi) on Monday.
Protests by farmers to land acquisition notwithstanding, the SEZ juggernaut is all set to move on when the high-powered Board of Approvals takes up 37 more proposals, including two from Maharashtra, on Wednesday.
Maruti Udyog Ltd surpassed Coca-Cola, Pepsi and Hindustan Lever to emerge as the country's largest sports advertiser on television in 2006.
Maruti Udyog, the country's largest carmaker, today launched its premium sedan 'SX4' priced between Rs 618,000-689,000
Sahara India Pariwar, a major player in the infrastructure and housing sector, is planning to build a five-star hotel in Lucknow. The company has plans to build a hotel in each of its 217 Sahara City homes.
Creating new benchmarks in safety, Maruti Udyog Limited on Monday announced it would set up 15 world class driving schools in India in the next three months.
Maruti Udyog Ltd, India's largest car-maker, has lowered prices between Rs 3,000 and Rs 5,000 on its cars following a reduction in the concessional central state tax offered by the Haryana government.
Indicating the onset of a fierce battle in the domestic car market, auto leader Maruti Udyog on Friday demanded an apology from competitor Hyundai for engaging in "false, misleading and deceptive" campaign against its new\nproduct 'Swift' or face the
Maruti Udyog Ltd's joint managing director Junzo Sugimori has resigned from the country's largest car making company.
On Monday, Maruti Udyog Limitedposted 5.6 per cent increase in domestic car sales for March 2007, selling 64,556 vehicles as compared to 61,141 vehicles in the year-ago period.
Maruti Udyog Limited said on Tuesday it has sold over two lakh units of its entry level hatchback Alto during last 11 months.
The government on Thursday invited bids from public sector financial institutions and mutual funds for its remaining 10.27 per cent stake in Maruti Udyog that would bring in Rs 2,700 crore (Rs 27 billion) to the exchequer.
Boosted by Maruti Udyog Limited and Hyundai Motor India's sales of compact models, the domestic market posted 24 per cent growth in car sales to 1,04,488 units last month compared with 84,235 units in January 2006.
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