PTI quoted Directorate General of Shipping saying that private sector shipping company Pratibha Shipping, which has a fleet of nine oil tankers, is planning to either sell or scrap 5 vessels due to financial crunch. A DGS statement said ...
Tags: Pratibha Shipping, ships, shipping company, shipyards
PTI reported that Suzuki Motorcycle India has reported a 23.89% rise in sales at 33,753 units for December 2012. Suzuki Motorcycle India Pvt Ltd in a statement said that it had sold 27,244 units in the same month of 2011. Mr Atul Gupta ...
Tags: Suzuki, Motorcycle, Suzuki Motorcycle, sales
PTI cited Mr Kaushik Basu CEO of World Bank as saying that India's economy could expand by around 6% in 2013, attributing the current slowdown to global factors. Mr Basu at CD Deshmukh Memorial Lecture said that "It is very-very difficult ...
Tags: economy, global factors, economic growth, exports, imports
PTI reported that Hyundai Motor India Ltd 2.48 % fall in total sales at 47,833 units in December 2012. HMIL in a statement said that the company had sold 49,050 units in the corresponding month previous year. In the domestic market, the ...
Tags: Hyundai Motor India, total sales, December, 2012, cars
PTI quoted CAG as saying that delays in awarding contracts have nearly trebled iron ore miner NMDC’s cost for developing two deposits to INR 15.06 billion. NMDC, which has around 16% share of the country’s total iron ore ...
Tags: NMDC, iron ore miner, iron ore, miner, iron ore production
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
PTI reported that Honda Cars India nLtdearly four fold increase in total sales at 4,242 units for December 2012 against 1,072 units in the same month previous year. According to a company statement, the company has sold 1,442 units of ...
Tags: Honda Cars, total sales, car, car industry
PTI reported that US car maker Ford has registered a 42.2% growth in its total sales in December 2012 to 10,899 units from 7,663 units in the same month of 2011. A company statement said that in the domestic market, it sold 6,517 units ...
Tags: Ford, car, sales, car industry
PTI reported that country's major steel makers are set to add around 24 million tonnes per annum capacity through brown field expansions by 2017-18 involving investments to the tune of INR 0.1 million. According to a Steel Ministry data, ...
Tags: steel makers, steel, Steel Authority, steel capacity
PTI reported that EPC firm Tecpro Systems has got a INR 267.3 crore order from an NTPC subsidiary for supply of the entire coal handling plant package for its Muzaffarpur plant. The Gurgaon-based firm said that the company has received an ...
Tags: Tecpro System, coal handling plant, Thermal Power Project
PTI reported that the Bombay High Court has dismissed a petition filed by Zenith Metaplast Pvt Ltd praying for allotment of a three acre plot in Nashik to itself and cancellation of adjacent plots allotted to Mahindra&Mahindra Ltd and an ...
moneycontrol.com reported that Indian iron ore miner NMDC has reduced the price of iron ore lumps by 5.9% or INR 320 Per tonne for the current month mainly to align rates with the landed cost of the imported raw material. At a Board ...
Tags: India, iron ore, NMDC, raw material
PTI cited Venture Capital fund, Kalaari Capital, as saying that it has invested INR 5 crore into Power2sme, a small businesses purchase aggregator. Kalaari Capital in a statement said that the infusion will be used for expanding ...
Tags: Venture Capital fund, Kalaari Capital, India, company news
PTI reported that a US judge gave preliminary approval to a USD 1 billion plus settlement with Toyota Motor Corp in cases involving problems of sudden, unintended acceleration by its vehicles. Attorney Mr Steve Berman in a statement said ...
Tags: US judge, Toyota Motor Corp, acceleration, vehicles
PTI reported that TATA Steel MD Mr HM Nerurkar said the steel sector in the country is doing well as compared to rest of the world despite the slowdown. He added that the economic condition in European countries is still to look up.
Tags: TATA Steel, MD, steel sector, Mr Nerurkar, India