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Mahindra & Mahindra Sold 45,297 Vehicles in December, a 6% Increase From 42,761 Units

Jan 7, 2013

Business Line reported that Mahindra & Mahindra sold 45,297 vehicles in December, a 6% increase from 42,761 units sold during the same month a year ago. The company’s domestic sales stood at 42,307 units during the reporting month, ...

Tags: Mahindra and Mahindra, vehicles, December, India

Mercedes-Benz India Is Raising The Prices of Its Vehicles From 1% to 3%

Jan 7, 2013

Business Line reported that Mercedes-Benz India is raising the prices of its vehicles from 1% to 3% with effect from January 14th 2013. Mr Eberhard Kern MD & CEO of Mercedes-Benz India said that "Rising inputs cost, volatility of the ...

Tags: Mercedes Benz, India, vehicle, car industry

Mahindra and Mahindra Has Decided to Seek Clarification From The Government

Jan 7, 2013

Business Line reported that Mahindra and Mahindra has decided to seek clarification from the Government on why the Foreign Investment Promotion Board had rejected its proposal to enter into a JV with Rafael Advanced Defense Systems of ...

Tags: Mahindra and Mahindra, Government, Foreign Investment Promotion Board, JV

Southern Copper's Cuajone and Toquepala Copper Mines Are Operating Normally

Jan 7, 2013

US based Southern Copper's Cuajone and Toquepala copper mines, and its Ilo smelter in Moquegua region are operating normally after workers ended a two day strike. The company said in a release that the company was able to maintain ...

Tags: Southern Copper, copper mines, copper, mines

KEC International Ltd Has Got New Orders Valued INR 1511 Crore

Jan 7, 2013

Business Line reported that Infrastructure EPC player KEC International Ltd has got new orders valued INR 1511 crore in transmission, power systems and cable businesses in India and abroad. In a communication to the stock exchanges, KEC ...

Tags: EPC player, KEC International, INR, India

JSW Steel Has Increased Prices by About 2% Across All Categories for The Current Month

Jan 7, 2013

Business Standard reported that JSW Steel has increased prices by about 2% or about INR 750 per tonne across all categories for the current month. A senior JSW Steel official said that "We have increased the prices after three months. ...

Tags: JSW Steel, prices, Steel

Fewer of The Larger Candidates on Offer Meant an Overall Bleaker Week

Jan 7, 2013

Fewer of the larger candidates on offer meant an overall bleaker week in the Pakistan market as others concluded candidates due to geographic positioning and India being able to take smaller limits such as handy size bulkers. It has ...

Tags: ship breaking industry, bulkers, VLCC, suezmax tanker

Trainees Visit Geely Automobile Hangzhou Bay Production Base and Dialogue with Li Shufu

Jan 7, 2013

On December 19, led by Baosteel Group Co Ltd chairman Mr Xu Lejiang "dianshan corps" trainees visit Geely Automobile Hangzhou Bay production base and dialogue with Geely Chairman c. Xu Lejiang hopes that "dianshan corps" trainees will learn ...

Tags: Baosteel Group, Xu Lejiang, Geely Automobile Hangzhou Bay, energy

Two Chinese Companies Have Reached a Deal to Build a 400 Km Rail Line

Jan 7, 2013

Reuters reported that two Chinese companies have reached a deal to build a 400 km (250 mile) rail line, a steel plant and a sea port in Cambodia worth a combined USD 11.2 billion in what would be by far the impoverished country's ...

Tags: rail line, steel plant, investments, Steel Mining Industry Group

Gazprom and NOVATEK Have Extended The Memorandum of Cooperation

Jan 7, 2013

Gazprom and NOVATEK have extended the Memorandum of Cooperation signed this April until February 1st 2013. According to the document, Gazprom and NOVATEK address possible establishment of joint ventures to build up integrated capacities on ...

Tags: Gazprom, Novatek Extend Memorandum, liquefied natural gas production.gas

Gindalbie Metals Limited Has Made The First Magnetite Concentrate Shipment

Jan 7, 2013

Gindalbie Metals Limited has made the first magnetite concentrate shipment from its Karara Iron Ore Project in Western Australia. The 55 thousand tonne shipment was completed on New Year’s Eve and set sail yesterday bound for ...

Tags: Gindalbie Metals Limited, magnetite concentrate shipment, China

Fortescue Metals Group Shares Are Heading Towards a 6 Month High

Jan 7, 2013

AAP reported that Fortescue Metals Group shares are heading towards a 6 month high after breaking through USD 5 amid global optimism and an increase in the iron ore price. The Pilbara focused iron ore miner closed 2.4% higher at USD ...

Tags: Fortescue Metals Group, shares, iron ore price, company news

Toyota Kirloskar Motor Has 24.31% Decrease in December 2012

Jan 7, 2013

PTI reported that Toyota Kirloskar Motor has 24.31% decrease in its car sales at 12,071 units in December 2012. Toyota Kirloskar Motor in a statement said that the company had sold 15,948 units in the corresponding month previous year. ...

Tags: Toyota Kirloskar Motor, car sales, December, 2012

Zaporizhstal's Finished Steel Product Output Decreased by 0.7% to 3.15 Million Tonne

Jan 7, 2013

According to preliminary results, in 2012 Ukrainian steelmaker Zaporizhstal's finished steel product output decreased by 0.7% to 3.15 million tonne, while its crude steel production also declined by 0.7 percent to 3.78 million tonne both ...

Tags: 2012, Ukrainian, steelmaker, Zaporizhstal, finished steel product

a Significant Step Was Made in The Efforts to Start a Large Scale Iron Ore Mining

Jan 7, 2013

Xinhua reported that a significant step was made in the efforts to start a large scale iron ore mining in Cameroon’s Mbalam region following signing of an agreement in Yaounde between the country’s authorities and Cam Iron ...

Tags: Iron, iron ore mining, iron ore, mining