The board of directors of Ashok Leyland unanimously approved the proposal to amalgamate Hinduja Foundries (HF) with their company. Both are Hinduja Group companies, and HF is into the business of grey iron castings and automotive components. The amalgamation is subject to various regulatory approvals and approval of shareholders of both the companies. A date of 01 October, 2016 has[Read More…]
India imports much of the fossil fuels that are consumed. Key nodal agencies are known to have recommended that methanol be given preference to achieve energy independence. Transport minister Nitin Gadkari is known to have expressed that petroleum imports must be eliminated. He is known to have expressed further that against India’s annual spend of Rs. 4.5 lakh crore on[Read More…]
To ensure safety and to avoid blockages, Maharashtra Government has restricted the movement of heavy vehicle for five hours on weekends, claim industry sources. Extended to Mondays and public holidays when the density of traffic is high, it is the ghat section of the expressway where most blockages are known to happen. The decision, said to have been taken jointly[Read More…]
Tata Motors has adopted a new, flat organisational structure, claim industry sources. They add that the new Managing Director, Guenter Butscheck, has initiated this change to foster faster and effective decision-making, and to have a prime customer focus. If sources are to be believed, the structural change, announced in an internal circular to the employees, emphasises upon eliminating layers of[Read More…]
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