Company News

Hyundai to launch a new car smaller than Santro

Hyundai to launch a new car smaller than SantroHyundai Motor India Ltd is planning to launch a smaller car model than Santro in the Indian market. Senior Vice-President (Marketing and Sales) of Hyundai Motor India (HMIL), Arvind Saxena said that small car would hit the market in 2011. He said that the ongoing slowdown due to international crisis has adversely hit automobile industry across the globe but it has not impacted growth of Hyundai. The company has a huge export base and it is growing despite global financial crisis.

Abu Dhabi Firm Extends Loan To Jet Airways

Abu Dhabi Firm Extends Loan To Jet AirwaysIndia’s largest private carr

Brickmaker Wienerberger to close 27 of 250 factories this year

Vienna, AustriaVienna - Wienerberger AG, one of the world's largest brickmakers, said Monday that a plan to shut down 27 of around 250 factories this year was under way, as the company's net income fell by 44 per cent to 133 million euros (169 million dollars) in the first three quarters.

With the construction sector declining in Western Europe and a sharp drop in housing starts in the United States, the Austrian company said it had already shut 16 of the 27 plants this summer in order to ensure liquidity and to protect its financial base.

Maharashtra Seamless bags order worth Rs 757 crore

Maharashtra Seamless bags order worth Rs 757 croreMaharashtra Seamless Ltd, a leading seamless steel pipe maker, has informed that it has pocketed a contract worth Rs 757 crore from the state-run Oil and Natural Gas Corporation (ONGC).

According to the sources, the proposed order has been bagged for the supply of seamless casing pipes.

The sources further revealed that with this contract, the order-book of the conglomerate stood at Rs 1,370 crore.

According to the reports, in June, Maharashtra Seamless Ltd had won an export order of 45 million dollar from a US firm.

AP Government Rope In RIL As Consortium Partner In KGGNL

AP Government Rope In RIL As Consortium Partner In KGGNLReliance Gas Corporation Ltd (RGC), a subsidiary of Reliance Industries, has been roped in by the Andhra Pradesh as a majority partner in the Krishna Godavari Gas Network Ltd, (KGGNL) a special purpose vehicle carved out for gas distribution through a pipeline grid.

CESC signs MoU with Singapore Power to improve power supply in Kolkata

The CESC has signed an MoU with SP Global Solutions (SPGS), a subsidiary of Singapore Power and a leading power utility for consultancy support.

Mr. Sanjiv Goenka, vice-chairman of CESC, after signing the agreement with Mr. Ong Boon Hwee, chief operating officer, Singapore Power and director of SP Global Solutions said, "At present, three of CESC's generating units rank among the top five units in India ........a recent analysis, carried out by Netherlands-based KEMA, who developed the System Average Interruption Duration Index, rated the power distribution system in Singapore as the most reliable in the world, which leads cities like Tokyo, Hong Kong, Seoul and Melbourne. It has the shortest power disruption in any city, at 1.14 minutes.”

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