Ashok Minda Group, Country’s leading auto component manufacturer, has plans to set up a new manufacturing facility in Uzbekistan with an initial investment of $25 million.
Sources reported that the raw material for the proposed Uzbekistan plant would be shipped from India to control input costs as key inputs like steel and plastic cost, which is available lower cost in India compared to abroad.
BEML Limited, second largest maker of earth moving equipment in Asia, announced that it has established an assembly division, BEML Brasil Industrial Ltda, at Rio de Janeiro in Brazil.
Shri Pradeep Kumar, Secretary (Defence Production), Govt of India inaugurated the BEML BRASIL INDUSTRIAL LTDA in the company of His Excellency Shri BS Prakash, Ambassador of India to Brazil and Shri V RS Natarajan, Chairman and Managing Director, BEML LTD.
Substantiating the December 2008 reports that some top-rung executives of ICICI Bank may quit after Chanda Kochhar's appointment as the new CEO and MD, two business chiefs - Renuka Ramnath ICICI Ventures' Managing Director and CEO; and Shikha Sharma, Managing Director of ICICI Prudential Life Insurance - are likely to put in their papers, sooner than later.
A 'cost-reduction, efficiency-enhancement' aimed restructuring program appears to in the offing for Naresh Goyal's private carrier Jet Airways! The company, which has recently slashed 30 percent of its flights and leased out several of its planes, is now planning to layoff nearly 400 employees.
Some other steps to be taken by the company include the closing down of some of its offices in metros that basically handle ticketing; as well as working out a centralized operation control centre in Mumbai. At present, flight despatch job for the airline is handled at its hubs at Delhi, Kolkata, Chennai, and Bangalore.
The largest cellular service provider in India, Bharti Airtel has launched its new service called "My Airtel My Offer" for its prepaid subscribers. The service lets the subscribers know various new schemes and offers by launched Airtel, without receiving any calls or SMSs on their mobile phones.
Chennai-based Raj Television Network has declared the results for the three-month period ended March 31, 2009.
For the period under review, the company said that it has posted a net loss of Rs 30.76 million, as compared to the net loss of Rs 3.42 million during the corresponding period of the last year.
The company’s revenue saw a growth of 84.45% during the quarter to Rs 204.05 million, while the income from operations and net sales was Rs 194.94 million from Rs 86.44 million in the prior year.
Ashok Minda Group, Country’s leading auto component manufacturer, has plans to set up a new manufacturing facility in Uzbekistan with an initial investment of $25 million. 
BEML Limited, second largest maker of earth moving equipment in Asia, announced that it has established an assembly division, BEML Brasil Industrial Ltda, at Rio de Janeiro in Brazil. 
A 'cost-reduction, efficiency-enhancement' aimed restructuring program appears to in the offing for Naresh Goyal's private carrier Jet Airways! The company, which has recently slashed 30 percent of its flights and leased out several of its planes, is now planning to layoff nearly 400 employees. 
The largest cellular service provider in India, Bharti Airtel has launched its new service called "My Airtel My Offer" for its prepaid subscribers. The service lets the subscribers know various new schemes and offers by launched Airtel, without receiving any calls or SMSs on their mobile phones.
Chennai-based Raj Television Network has declared the results for the three-month period ended March 31, 2009.
