Ruesselsheim, Germany - German carmaker Opel has called for the company to break away from its ailing General Motors (GM) parent and forge a new motor vehicle group comprising the giant US auto group's European operations as part of a rescue plan unveiled Friday.
The move could bring to an end Opel's 80-year history as a part of GM's business empire, with Opel seeking 3.3 billion euros (4.3 billion dollars) in aid to underpin the formation of the European car group and help it through the current global car market crisis.
Electronics goods maker, Samsung has slashed the prices of its products between 1 and 1.7% to pass on the full benefit of 2% cut in excise duty to its clients.
In a statement, the company said that it has cut the prices of its high-end LCD TVs by 1.2-1.7% according to the model size that transforms into a price cut in the range of Rs 1,000 to Rs 5,000.
The price cut for Plasma TVs is between Rs 1,000 and Rs 2,000 depending on the model size, the statement added.
Tata says the car will be launched on March 23; but the company’s A’bad dealers aren’t in the loop
With Tata Motors on Thursday announcing that it will formally launch the Nano on March 23, there is much excitement among prospective buyers who have been waiting for the car for long. Car dealers in the city said that they expect to be flooded with enquiries for booking from Friday.
The US-based WiMax technology provider, Soma Networks Inc plans to enter in capital market. Despite being an American company, Soma Networks wants to get listed on Indian stock exchanges.
"Our company is based in the US and we are providing services in around 12 countries. But India is a huge market with enormous potential for us. So we are planning to enter in Indian capital market and may also go for listing in US-based stock exchanges," founder and CEO of Soma Networks, Yatish Pathak told DNA Money.
Will explore Australia, New Zealand through Stirling partnership
NMDC Ltd, the largest supplier of iron ore in the country, is said to have entered into an agreement with West Australian mineral resources developer Stirling Resources Ltd to jointly identify and acquire coking coal and iron ore assets in Australia and New Zealand.
The partnership is likely to enable NMDC to use its expertise to tap resources in both the countries. It will also be able to lend its expertise in mineral exploration to the Australian company.
KEC International, one of the largest Power Transmission EPC companies in the world, has secured two orders worth Rs 227 crore from Power Grid Corporation for supplying power transmission equipment.
In a disclosure to the Bombay Stock Exchange, the maker of power equipment said that it has received two 765 kV S/c projects in Madhya Pradesh and Maharashtra and in Punjab and Haryana from PGCIL.
Ruesselsheim, Germany - German carmaker Opel has called for the company to break away from its ailing General Motors (GM) parent and forge a new motor vehicle group comprising the giant US auto group's European operations as part of a rescue plan unveiled Friday.
Electronics goods maker, Samsung has slashed the prices of its products between 1 and 1.7% to pass on the full benefit of 2% cut in excise duty to its clients.
KEC International, one of the largest Power Transmission EPC companies in the world, has secured two orders worth Rs 227 crore from Power Grid Corporation for supplying power transmission equipment. 
