TATA Motors has asked for 10 months time from the West Bengal Industrial Development Corporation to remove equipment from the mother plant situated in Singur.
WBIDC Managing Director, Subrata Gupta, said, "Tata Motors had written to WBIDC in November that it would require 10 months to remove the equipment from Singur."
The ambitious project of Ratan Tata was earlier planned at Singur but later shifted to Sanand in Gujarat due to stiff opposition by Trinamool Congress led opposition parties over land and compensation issue.
In reaction to the patent granted to Bajaj Auto for its ExhausTEC invention, TVS Motor Company's President Marketing, HS Goindi told Business Line that his company had neither infringed the patent nor would the grant of patent have any affect whatsoever on TVS' business, as "none of the products of the company utilize the said technology."
With the liability position of the deceit-ridden IT company, the Hyderabad-based Satyam Computer Services, looming large on the minds of the prospective bidders, at least three such bidders - L&T CFO YM Deosthalee and director JP Nayak; and Tech Mahindra CEO Vineet Nayyar and president CP Gurnani - separately met the Satyam board on Friday, seeking clarifications on certain issues before their go-ahead with the financial bids.
The overwhelming response to Tata's Nano can be gauged from the fact that there is an unprecedented customer excitement at the showrooms of car dealers for enquires as well as bookings of the small wonder! People are reportedly flocking the car showrooms to get hold of the booking forms!
However, all the frenzy surrounding Nano has put the dealers in a fix - more so as there is a constriction with regard to the production of the car, and dealers are already at their wits' ends about how to cope with the highly built-up customer demand for the reasonably-priced Nano.
With the most recent two project orders valued Rs. 1,344 crore from Mangalore Refinery and Petrochemicals (MRPL), Larsen and Toubro this week has booked five large orders worth Rs. 5177 crore.
By and large, these contracts are from government units - including Rail Vikas Nigam; Power Grid Corporation; Nuclear Power Corporation; and now MRPL. Over and above these large orders, the engineering and construction major L&T also has quite a few smaller orders in its kitty, pertaining to the company's other unannounced businesses.
Takashi Shoda, the President and CEO of the Japanese pharmaceutical company Daiichi Sankyo - which bought a majority stake in Ranbaxy Laboratories last year - said that the company soon intends meeting officials of US Food and Drugs Administration to sort out regulatory problems at the Ranbaxy plant at Poanta Sahib in India.