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Mahindra & Mahindra launches new tractor platform after 14 years
Posted on 21st August 2014
Mahindra & Mahindra (M&M) – the country's biggest tractor maker - launched a new tractor platform almost after 14 years catering to the 50-60 horsepower (hp) and above category.

The product was developed for over 3 years and the company invested about Rs 300 crore with inputs from over 100 engineers.


NTPC cuts power supply in Chhattisgarh
Posted on 21st August 2014
National Thermal Power Corporation (NTPC) has curtailed the power it had been supplying to Chhattisgarh plunging the state to face electricity crises.

The country’s largest power producer, NTPC, has two major power projects in Chhattisgarh. While the Korba power station had an installed capacity of 2600-Mw, the Sipat Power Project in Bilaspur district had been generating 2980-Mw power. The state had been getting about 1100-Mw of power from the NTPC.


Govt plans to stop RIL from selling crude to Jamnagar refinery
Posted on 21st August 2014
The petroleum ministry is considering ordering Reliance Industries to stop selling KG-D6 crude oil to its Jamnagar refinery and instead sell it to Chennai Petroleum Corp Ltd (CPCL) at lower rates.

The Production Sharing Contract (PSC) mandates producers to sell crude oil at the best available market rate, to ensure highest profit petroleum and royalty to the government.


Kasturi & Sons to get former Britannia MD, ex-TCS CFO on board
Posted on 21st August 2014
Kasturi & Sons Ltd, publisher of The Hindu, has inducted Vinita Bali, former managing director of Britannia and S Mahalingam, former CFO of Tata Consultancy Service (TCS), as independent directors.

Confirming the development, KSL's board in a statement said, "Vinita Bali and Mahalingam are seasoned stalwarts of corporate India. We are privileged and delighted to have them on our board. This is a significant milestone in our institutional journey."


Ignoring Modi mantra, Health Minister gives crusading AIIMS vigilance chief the boot
Posted on 21st August 2014
A day after Prime Minister Narendra Modi said corruption was a bigger disease than cancer, news has surfaced that Union Health Minister Harsh Vardhan has removed All India Institute of Medical Sciences' (AIIMS') chief vigilance officer (CVO) Sanjiv Chaturvedi, who had unearthed a record number of corruption and financial scams in his two years at the country's premier hospital, in the middle of his tenure.

Ashok Leyland sells Chennai property for Rs.210 cr
Posted on 20th August 2014
Commercial vehicle maker Ashok Leyland, the flagship company of the Hinduja Group, has raised Rs.210 crore from sale of one of its residential properties at Chennai. The sale was done as part of its strategy to sell non-core assets. While the company did not disclose the details of the properties sold, industry sources said that this was a 1-acre property in the posh Boat Club area, one of the most expensive residential localities in Chennai.

PM Narendra Modi asks DRDO to complete projects in time
Posted on 20th August 2014
Against the backdrop of delays in several of its major projects, Prime Minister Narendra Modi today told DRDO to speed up and complete its programmes in time as the world will not wait for it.

Urging the country's only defence research agency to give more opportunities to the youth, the Prime Minister suggested that DRDO should take initiatives in projects which would help in easing the lives of the armed forces personnel.


In this brand new world, names like LIC don’t make the cut; HDFC Bank emerges as India’s top brand
Posted on 20th August 2014
In a pecking order that would confound many, HDFC Bank, India’s second largest private sector lender, has emerged as India’s top brand with a value of $9.4 billion, more than a tenth of the combined worth of the 50 top Indian brands of $70 billion. In a ranking in which only one Tata brand found its way into the top 50, and that too somewhere near the bottom of the heap — Tata Motors came in at 31 — marketing and brand consultancy Millward Brown and WPP Group, the world’s largest communications services group led by veteran advertising professional Martin Sorrell, has compiled the first ever BrandZ Top 50 Most Valuable Indian Brands.

5 reasons for BSE Sensex surge
Posted on 20th August 2014
Continuing with its dream run, the BSE Sensex on Tuesday rose for the sixth consecutive trading session to close at a new high of 26,420.7. On aggregate, the benchmark index at the BSE has gained 1,091 points or 4.3 per cent over the last six trading sessions. The mid-cap and small-cap indices have lagged the premier index as they rose by 3.4 per cent and 3.5 per cent, respectively. Sectors such as auto, oil & gas, healthcare and banking contributed significantly to the rise as the four sectoral indices rose by over 5 per cent in the six trading sessions Reasons for Surge.

New look Tata Motors to hold on to Indica, Indigo
Posted on 20th August 2014
Even as Tata Motors is looking to reinvent itself by launching some new models starting with compact sedan Zest and followed by two models every year till 2020, it would continue to retain its earlier passenger car models like Indica and Indigo, pinning hopes that early signs of an economic revival could revive sales in this category.

"There is no immediate plan to phase out either Indica or Indigo. In the passenger segment, we were a bit under-represented and Zest would start to address that category. But our other brands are very strong in the categories they are in. With economy turning around brands like Indigo and Indica would start growing and it is already happening.


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