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Maruti case: Quantum of punishment to be announced today
Posted on 18th March 2017
A court here will deliver today the quantum of punishment in a case of violence and rioting at Maruti Suzuki India Ltd's (MSIL) Manesar plant in 2012 in which a senior officer was burnt alive.

The court of additional district and sessions judge R P Goyal reserved its order after argument of the prosecution and defence over the quantum of sentence today.

Prosecution counsel Anurag Hooda today demanded death penalty for the 13 workers who were found guilty of murder.

On March 10, the court had convicted 31 employees of MSIL, including 13 of murder, in connection with the case.

The judge had acquitted 117 of the 148 employees named in the charge sheet in the case for want of evidence.

Violence had erupted at the facility in August 2012 over disciplinary action against an employee during which agitated workers had gone on the rampage, torching a part of the factory, setting senior human resource manager Awanish Kumar Dev on fire, and beating up and bludgeoning with rods 100 others.

Those wounded included some foreigners and policemen.

Hundreds of policemen in riot gear have been deployed at the court and outside the automobile maker's offices over threats by workers to mobilise large-scale protests if their colleagues "did not get justice".

The administration has imposed prohibitory orders under section 144 of CrPC in the district till March 25.

Related Companies: Maruti Suzuki India Limited   

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Once billed as the world's cheapest car, the Tata Nano is set to make a comeback in an electric vehicle (EV) avatar, according to reports.

The Tata Nano electric, according to an Autocar India report, will be launched on November 28 under a new name — the Jayem Neo.


 
New Delhi: GMR Infrastructure Ltd’s standalone net loss for the September quarter narrowed to Rs276.41 crore due to a fall in provision for diminution in value of investments and advances.

The company had reported a net loss of Rs700.34 crore in the year-ago period. Its total revenue declined to Rs206 crore as against over Rs331.22 crore a year ago, GMR Infrastructure said in a BSE filing on Wednesday.


 
The stock market made a sedate start on Thursday as the benchmark Sensex rose marginally, leaning on renewed domestic institutional buying.

Technology, IT, realty and healthcare stocks found themselves on the buy list. Positive Asian cues came as early pointers for the market.


 
Despite a number of carmakers remaining positive of a strong double-digit growth in wholesale volumes in November owing to a low base due to the government’s decision to ban high currency notes last year, car dealerships paint a different picture. A Hyundai dealer based in Mumbai said sales have been lower than even November last year despite the demonetisation. “Sales have been unusually low, bookings are down by around 30%,” he said. Car dealers are attributing a dip in sales to expectation of customers that a likely reduction in the GST rates of cars is right around the corner.

RCom’s land in Navi Mumbai gets 8 bidders
Posted on 23rd November 2017
 
NEW DELHI: Reliance CommunicationsBSE -2.14 % (RCom) has received interest for its 125-acre land bank in Navi Mumbai and is understood to have finalised eight bidders for its development and sale.

Sources said the debt-laden company — which owes Rs 47,000 crore to banks and other lenders — is heavily banking on proceeds from the land monetisation as it can provide immediate cash to clear pending dues. The DAKC (Dhirubhai Ambani Knowledge Centre) campus in Navi Mumbai has the potential to develop 20 million sq ft for IT, commercial, and residential space.


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