Business Fwire News - Page 8

M&M suffers production loss of 3,000 engines at Igatpuri plant

Mahindra and Mahindra has suffered a production loss of around 3,000 engines due to the 'tools down' protest by workers of its Igatpuri engine manufacturing facility near Nashik even as the stir entered the fourth day

Jindal Stainless, POSCO ink pact on product supply

The pact would be for three years with a provision to further extend it.

Honda launches entry-level sedan Amaze starting at Rs 4.99 lakh

Japanese auto major Honda Motor Co today launched its much-awaited entry level sedan Amaze at a price range of Rs 4.99 lakh to Rs 7.60 lakh

BSNL suffers Rs 20 cr loss in BRTS groundwork

The Indore BRTS project started in 2007 under the Jawaharlal Nehru National Urban Renewal Mission.

Anti-Sterlite bandh evokes good response at Tuticorin

The bandh call given by anti Sterlite protestors to permanently shut down the copper smelter unit following alleged leak of noxious gas evoked good response in the town today.

DTH companies have the advantage in Digitisation: Cable operators

The digitisation process being ushered in by the Information and Broadcasting Ministry was providing DTH companies advantage over local cable operators, the Cable Operators Federation of India (COFI) today claimed.

Indian, Singaporean airlines to fly 10% more passengers

The MoU was signed by Civil Aviation Minister Ajit Singh and Singapore's Transport Minister Lui Tuck Yew earlier this week in Singapore.

L&T bags orders worth Rs 2,004 in March

Engineering firm Larsen & Toubro (L&T) today said it bagged orders worth Rs 2,004 crore across various business segments in March.

Tata's Voltas expects 20 percent revenue growth from new range of ACs

Voltas has introduced a range of "all weather" air conditioners tailored specifically for varied climatic conditions across the country.

Govt gives extra time to 14 SEZ developers to execute projects

The government has given more time to as many as 14 special economic zone (SEZ) developers, including Cognizant Technology Solutions and Parsvnath SEZ Ltd, to execute their projects.

Coal India misses supply target for 2012-13

The state-run miner, which produces about 80 percent of India's coal output, reported offtake (supply) of 465.2 million tonnes for the year, falling short of its target of 470 million tonnes.<br /><br />

L&T bags Rs 5,689 cr order in Rajasthan

Engineering major Larsen & Toubro today said it has bagged a Rs 5,689 crore order from state-owned Rajasthan Rajya Vidyut Utpadan Nigam for setting up a supercritical thermal power project.

HDFC Bank to charge customers for InstaAlert SMSes

Customers who are not registered for InstaAlert service will continue to get these alerts free of charge, it added.<br /><br />

IDBI Bank says margins remain under pressure

IDBI Bank lowered its base rate by 0.25 percent to 10.25 percent in what it called a "proactive step".

India may consider Lines of Credit proposals to Zimbabwe

In the year 2012, the India-Zimbabwe bilateral trade was $166 million, with balance of trade heavily in favour of India.

Dubai airport confirmed second busiest in world

Dubai Airport has maintained its impressive passenger growth in 2013.

Air India asked to pay Rs 50K to harassed passenger

Air India had opposed Sandhya Sharma's plea, saying her complaint was "baseless" and liable to be dismissed.

Airtel gives 4G spectrum bid in Sri Lanka a miss

Bharti Airtel Lanka, part of Indian telecom giant Bharti Airtel, did not participate in the 4G spectrum sale held today.

CCI go-ahead to Denso-Pricol joint venture

As per the agreement, upon the transfer, Denso would acquire 51 percent stake in PCL.

Goa expecting one lakh tourists for Shigmo festival

The Goa Tourism Department is expecting one lakh domestic and international tourists for float parades to be held across the state during the spring festival of 'Shigmo'.

Suzlon ropes in Essar Steel's Amit Agarwal as new CFO

Suzlon Group, the world's fifth-largest wind turbine maker, has appointed Amit Agarwal as chief financial officer of its wholly owned unit Suzlon Energy.

L&T Construction bags orders worth Rs 2,080 crore

L&T Construction today said it has bagged orders worth Rs 2,080 crore across various business segments during February and March

CAG questions PSIEC for inaction against two firms

Punjab Small Industries and Export Corporation Ltd is primarily responsible for developing industrial focal points and other infrastructure facilities in the state.

Maruti Suzuki appoints Kenichi Ayukawa as MD and CEO

Country's largest car maker Maruti Suzuki India (MSI) on Friday said it has appointed Kenichi Ayukawa as the new managing director and chief executive officer, who will succeed outgoing Shinzo Nakanishi.

ONGC, OIL jointly bid for Videocon stake in Mozambique gas field

Sources privy to the development said OVL-OIL have made a non-bidding offer at the close of deadline today.

MSMEs facing stiff competition from China: minister

MSMEs in the country are also facing challenges like inadequate exposure to international market and low capital base.<br /><br />

Infosys to work with BMW on infra management services

Infosys today announced it has been selected by German luxury car maker BMW Group as its worldwide partner for application basis infrastructure management services.

Reliance shortlisted for Iraq oil project

Besides RIL, French energy giant Total, Russia's Lukoil, CNPC of China and American firm Brown Energy have been shortlisted for the project, according to Iraq's Oil Ministry.

Export objective hit as Reliance fails to set up SEZ: CAG

Reliance Industries had approached the Haryana government in September 2005 for setting up multi-product SEZ.

Haier aims over 40% jump in sales in 2013

Consumer durables firm Haier today said it is looking at over 40 percent growth in revenue at Rs 1,700 crore this year, driven by refrigerators and flat panel TVs.<br /><br />