DETROIT: Mahindra & Mahindra (M&M) is set to launch offhighway vehicles and SUVs in the US, becoming the first Indian manufacturer to produce vehicles in Detroit. M&M will begin production in Detroit from March to roll out an offhighway vehicle that will be sold across the US.

Simultaneously, M&M's Korean subsidiary Ssangyong has started preliminary work to identify and launch SUVs in US. "This is something that the Mahindra group is pursuing very aggressively.

NEW DELHI: Flagship explorer ONGC's gas production rose 7.9% and crude output went up 1.5% in the first nine months of the current fiscal against the previous corresponding period, acompany statement on Friday quoted director (HR) D D Misra as saying.

"We are geared up to contributing towards achieving the PM's vision of reducing oil imports by 10% by 2022," the statement quoted Misra as saying. Misra is officiating as chairman in the absence of Shashi Shanker, who is in Davos as part of the Indian delegation to the World Economic Forum meet.

NEW DELHI: The government has cleared the proposal by Reliance Industries (RIL) and its partner, UK major BP, to buy out independent Canadian explorer Niko Resources from a gas discovery in the Bay of Bengal.

Cash-strapped Niko had in in 2015 decided to relinquish its 10% stake in the NEC-25 gas block in favour of its partners. Reliance is the operator of the block with 60% interest, while BP has the remaining 30%.

Chennai: With a turnaround in the truck and bus industry, Volvo Eicher Commercial Vehicles (VECV) is looking at a new plant next year if the current peak production trend continues. According to company officials, VECV is currently hitting 7,000 units per month which is its peak capacity. If this demand trend continues, the company will start scouting for a new plant next financial year.

NEW DELHI: The government is all set to launch a national toll-free number to report road accidents on national highways (NHs) or lodge complaints with regard to their operation and maintenance. The National Highways Authority of India (NHAI) is scheduled to launch the '1033' helpline in the first week of February.

NEW DELHI: Among 85 Padma awardees this year, 16 are foreigners given the prestigious award for their work in public affairs, art and dance, yoga, spiritualism, medicine, social work, trade, literature and education.

Among the prominent names are the late Russian ambassador to India Alexander Kadakin who has been given the Padma Bhushan posthumously.

Davos: US President Donald Trump reassured the world's political and financial leaders on Friday that his "America First" agenda was not a rejection of international cooperation while insisting that cross-border trade had to be made fairer and vowing action against predatory practices.

State-owned, loss-making telecom firm BSNL’s move to monetise its real estate assets in order to shore up its revenues has run into trouble as the department of telecommunications (DoT) has said since the ownership of the properties do not vest with the firm, its proposal cannot be processed. The telecom firm had recently moved a proposal before the DoT that it be allowed to sell part of its land banks and buildings to bring about a financial restructuring of the organisation.

Rajagopalan Vasudevan, the 73-year old professor from Madurai, is changing the way plastic wastes are treated in the country, using a method in which the no-biodegradable waste becomes useful rather than an environmental hazard.

Known as the 'Plastic Man', Vasudevan has come out with a patented method to reuse plastic waste to construct roads and the technology has been provided to the Government of India for free.

A proposed plan of the State Bank of India (SBI) to invoke personal and corporate guarantees of defaulting companies is unlikely to pass legal scrutiny, having been barred from doing so in previous cases. The country’s largest bank is likely to issue about 200 notices invoking personal guarantees, even in cases where insolvency proceedings were underway.

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