Tata JLR plans factory in US
Posted on 20th October 2014 |
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Tata Motors-owned Jaguar Land Rover (JLR) is working on an ambitious plan to set up a factory in the US, in a first for a British car maker in the world's second-biggest automobile market. The west Midlands-based luxury carmaker is reportedly talking to several southern states of America, including South Carolina, about building a plant in the US, The Sunday Times claimed on Sunday. |
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Boost for ONGC but RIL will have to wait
Posted on 20th October 2014 |
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The much-awaited decision on gas prices has finally come. However, production is unlikely to increase in the near term. The decision to raise the price from the current $4.2/mBtu to $5.61/mBtu will impact three of India's upstream companies differently. It is a positive for Oil and Natural Gas Corporation (ONGC) and Oil India (OIL). It is sentimentally negative for Reliance Industries (RIL), as the revised pricing formula is not going to apply to the company till arbitration proceedings are on. Till this is resolved, the difference between the revised and earlier price of $4.2/mBtu will be credited to a gas pool account maintained by GAIL. The market believes ONGC and OIL would be the biggest beneficiaries of diesel price deregulation and the gas price revision. With underrecoveries disappearing in the case of diesel, ONGC is expected to gain the most, believe oil & gas analysts. Diesel accounts for 55 per cent of total underrecoveries and about half of it is borne by public sector oil and gas producers. Within that, most of it is borne by ONGC. |
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BJP wins Haryana, emerges largest party in Maharashtra
Posted on 20th October 2014 |
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Despite a spectacular electoral performance in Maharashtra and Haryana, the ultimate prize of forming a government on its own eluded the BJP in Maharashtra where a hung Assembly decreed a coalition government. With parties such as the Nationalist Congress Party (NCP), that were former enemies, virtually falling over themselves with offers to support the BJP, it seemed that despite overt political instability a firm government might be in place in the next 48 hours. |
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Special court issues order for release of Jayalalithaa
Posted on 18th October 2014 |
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The Special Court here today issued the order for release of AIADMK supremo J Jayalalithaa from jail here in accordance with the Supreme Court order granting her bail in the disproportionate assets case. The release order by Special Judge John Michael D'Cunha came after a bond for Rs two crore was furnished and surety of assets offered. Copy of the Supreme Court order was also produced before the court by Jayalalithaa's lawyer. |
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After 2 lacklustre years, IT companies like TCS, Infosys, HCL Tech to hire in thousands from campuses
Posted on 18th October 2014 |
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MUMBAI|BANGALORE: After a few tepid years at college campuses, information technology companies are back to hiring in big numbers as Tata Consultancy Services BSE -8.73 %, Infosys BSE -0.30 % and HCL Technologies BSE -9.09 % ramp up recruitment. This is good news to the over 1.5 million engineers who graduate from the country's colleges every year and are struggling to land a job due to an oversupply of talent. Tata Consultancy Services, India's largest IT services company , said it will hire 35,000 freshers for fiscal 2016, boosting its rate of campus recruitment.The company hired 25,000 from campuses in fiscal 2015. Robust growth prospects led to the company raising the figure, TCS' human resources head Ajoy Mukherjee told ET. |
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Bangalore, 11 other cities will get new names
Posted on 18th October 2014 |
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BANGALORE: Karnataka got a festival gift on Friday when the Centre approved renaming 12 cities, including Bangalore and Belgaum. Bangalore's new name will be Bengaluru. Mangalore will be renamed Mangaluru, and Mysore will become Mysuru. Bellary will be called Ballari in official records, while Belgaum will be renamed Belagavi. Hubli will become Hubballi. The new names of other cities are Tumakuru (Tumkur), Vijapura (Bijapur), Chikkamagaluru (Chikmagalur), Kalaburagi ( Gulbarga), Hosapete (Hospet) and Shivamogga (Shimoga). |
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Ebola outbreak: How ready is india?
Posted on 18th October 2014 |
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First, there was a fever, along with headaches, diarrhoea, and muscle ache. Few people, or the doctors they visited, paid much attention: the symptoms suggested nothing that couldn’t be handled with paracetamol and immodium. But then came the tremors, mental confusion, seizures and coma. Every third person who developed the symptoms was headed towards a sudden death. Within weeks, the toll had reached 300. As India faces the prospect of being hit by the global Ebola epidemic, last year’s outbreak of Japanese Encephalitis stands as a grim reminder of ground realities. The central government has announced a slew of measures to protect citizens from the feared disease — and yet, the country remains short on protective equipment, testing labs and professional training. |
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This time for iPhone 6, Indians queue up at midnight
Posted on 18th October 2014 |
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In her mid-30s, she takes care of her father’s business. She is based in Lucknow, is stylish and a crazy Apple fan, grabbing each device of the iconic brand as and when these reach India, sometimes even before that. On October 7, she paid close to Rs 14 lakh to a distributor of Apple to pre-book 21 units of the iPhone 6 Plus. As the clock struck midnight on Thursday, she took the delivery as Apple started selling the iPhone 6 and iPhone 6 Plus officially in India. |
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TCS to hire 35,000 from campuses in FY16
Posted on 18th October 2014 |
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Tata Consultancy Services, the country’s largest information technology services provider, will hire 35,000 from college campuses for 2015-16, for which it will visit 350-400 institutes. This is higher by 10,000 from the campus hiring it did for FY15. TCS is the only IT company so far that has announced its FY16 hiring target numbers. |
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