PTI reported that Mr Cyrus Mistry, the new chairman of the TATA Group, will formally take charge of his office on December 31st Monday. Mr Mistry, who was appointed chairman to succeed Mr Ratan Tata, is the sixth chairman of the TATA ...
Tags: Mr Cyrus Mistry, TATA Group, office, December 31st
PTI reported that Maruti Suzuki India gained as much as 2.2% intraday on December 28th 2012 Friday after agencies reported the company is considering setting up its first overseas assembly plant in Africa as it seeks to revive exports. Mr ...
Tags: Maruti Suzuki, India, assembly plant, Africa
PTI reported that Mr Jyotiraditya Scindia Power Minister recently assured all possible help to Madhya Pradesh in electricity generation as he dedicated the 1,200 KV ultra high voltage and AC test centre to the nation. Addressing a ...
Tags: Mr Jyotiraditya Scindia, Power Minister, Madhya Pradesh, MP
PTI reported that Larsen & Toubro Hydrocarbon has secured an offshore contract valued at INR 781 crore from Oil and Natural Gas Corporation. A company statement said that the contract, won against international competitive bidding, ...
Tags: Hydrocarbon, offshore contract, ONGC, EPCI
PTI quoted Uttam Galva Steels as saying that the steel demand is likely to grow by around 10% in the next financial year. Mr Ankit Miglani deputy MD of Uttam Galva said that "We are expecting a 10% growth in the steel demand in the ...
Tags: Uttam Galva Steels, steel demand, steel market, steel industry
PTI quoted amid multiple woes facing the power sector,country's largest private electricity producer TATA Power said that concerted efforts are required from all stakeholders to tackle the problems. A raft of issues,dominated by fuel ...
Tags: PTI, TATA, fuel scarcity
PTI quoted Kalpataru Power Transmission Ltd saying that it has secured new orders worth over INR 955 crore,including overseas projects. Kalpataru Power said that the company,which is into the engineering,procurement and construction ...
Tags: Kalpataru Power Bags, Inr 955 Crore, PTI
PTI reported that Natural gas pipe laying work of GAIL Ltd,hindered due to resistance from local people demanding more compensation for the land through which the pipe was passing,is all set to resume with the state run gas utility agreeing ...
PTI reported that two and three wheeler manufacturer TVS Motor Company witnessed a marginal decline in sales of 8.33%at 1,56,221 units in December 2012. A company statement said that the Chennai based company sold 1,70,428 units during ...
PTI reported that the country's largest power producer NTPC will lay the foundation stone for the second stage of the 2,320 MW Mouda plant in Maharashtra. The Mouda project's second stage has two units of 660 MW. NTPC in a statement ...
Tags: PTI, NTPC, Mouda Plant, Maharashtra
PTI reported that luxury car maker Audi will hike the prices of its entire range of models by up to INR 3.69 lakh with effect from January 1st due to rising input costs and falling rupee. Mr Michael Perschke head of Audi India in a ...
Tags: luxury car, Audi, rising input costs, pricing strategy, India
PTI reported that General Motors India has posted a 21.82% decline in sales at 7,067 units in December 2012. GM in a statement said that the company had sold 9,039 units in the same month of 2011. Mr P Balendran VP of GM India ...
Tags: General Motors India, sales down, car industry, India
PTI reported that tax sleuths searched the premises of a West Bengal based leading steel and iron products producer and registered a case for alleged central excise duty evasion of at least INR 30 crore. Official sources said that the ...
Tags: Tax Sleuths, steel, iron products, central excise duty evasion
PTI quoted government auditor CAG as saying that state owned iron ore producer NMDC needs to come up with a specific strategy to acquire mines overseas. CAG in a recent report said that "Company has been making efforts to acquire mines ...
PTI reported that Rourkela Steel Plant signed an MoU with Akshaya Patra Foundation for a project to provide mid day meal to about 45,000 school students from Lathikata and Bisra blocks as well as Rourkela Municipality. RSP sources said ...