Pawan Munjal Age: 57 Profile: Managing Director and CEO of Hero MotoCorp Fast Facts: - His father Brijmohan Lall Munjal is No 21 on the Rich List - Keen on making Hero a global two-wheeler company Pawan Munjal is the quintessential behind-the-scenes operator; the kind whos more comfortable on the shop floor than at the launch of his latest motorbike. The shy, introverted 57-year-old elder son of Brijmohan Lall Munjal...
10:45 AM, Nov 10, 2011
New Delhi: A new season of popular reality show MTV Roadies kicked off in Pune with auditions for contestants aspiring to be on the show that tests physical strength and team spirit. The ninth edition of the show has the tag 'everything or nothing' replacing the 'shortcut to hell' motto of season 8. The Pune auditions took place on September 16 and the official MTV Roadies website invited contestants from...
05:42 PM, Sep 21, 2011
New Delhi: The country's largest two-wheeler maker Hero Honda on Tuesday said its erstwhile Japanese promoter Honda Motor Co has exited the company completely after selling its 26 per cent stake to a group firm of the Indian promoter family. "... Pursuant to a share transfer agreement amongst the promoters of the company, Honda Motor Co, Japan, has transferred the whole of its shareholding/voting rights in the company to Hero...
02:59 PM, Apr 05, 2011
New Delhi: The country's largest two-wheeler maker Hero Honda on Friday said Japanese promoter Honda's two representatives on its board - Toshiaki Nakagawa and Sumihisa Fukuda - have resigned, a step towards the final break-up of the joint venture. "Toshiaki Nakagawa, Joint Managing Director, and Sumihisa Fukuda, Technical Director, of the company have resigned from the board of directors with effect from March 22, 2011, and the same has been...
03:40 PM, Apr 01, 2011
Gurgaon: A local court on Wednesday extended police remand of Shivraj Puri, the main accused in the alleged Rs 400 crore Citibank fraud, by 2 more days till January 14 as police is yet to recover iPad considered to be vital evidence. The Chief Judicial Magistrate DN Bhardwaj remanded Puri in police custody for two more days after public prosecutor said that police needed more time to gather evidence and...
03:07 PM, Jan 12, 2011
New Delhi: The first complainant in the Rs 300 crore Citibank fraud, has described it as a systemic failure and has alleged the fraud is not just a bank issue, and multiple parties might be involved. Sanjeev aggarwal, MD, Helion Advisors says, "I came to know about this a month back, when we got a very cryptic call from Citibank officials, stating that there is a problem in Shivrajs' account....
06:00 PM, Jan 05, 2011
Gurgaon: Another arrest in the sensational Citibank fraud case. Sanjay Gupta, associate vice president of Hero Corporate Services has been arrested for helping the main suspect Shivraj Puri. Puri who is in the police custody has confessed that it was Sanjay Gupta who helped him. Sanjay Gupta's arrest came less than a week after an executive at Gurgaon's Citibank branch, Shivraj Puri, was arrested on charges of defrauding wealthy customers....
10:01 PM, Jan 03, 2011
New Delhi: Hero Group on Friday admitted that it is a victim of the Citibank fraud in Gurgaon, but dismissed reports that either Hero Honda Motors Chairman Brijmohan Lal or his son Pawan Munjal have anything to do with this matter. In the midst of reports that the Hero Group may have invested a huge amount with Shivraj Puri, the relationship manager in Citibank's Gurgaon branch who is said to...
02:54 PM, Dec 31, 2010
The 26-year long joint venture between the Hero Group and the Honda Group has come to an end. ...
10:12 PM, Dec 16, 2010
New Delhi: Breaking its 26-year old joint venture - Hero Honda, Munjals-promoted Hero Group, on Thursday, said it will buy the entire 26 per cent stake of its Japanese partner Honda in the company for an undisclosed amount. The Hero Group and Honda hold 26 per cent each in Hero Honda that started operations in 1984 to become the world's largest two-wheeler maker today. As part of a new licensing...
07:08 PM, Dec 16, 2010
New Delhi: The 25-year long joint venture between the Hero group and the Honda group is set to come to an end, sources said. According to sources, the board of Hero Corp has approved the joint-venture termination. Hero Corp will now acquire 26 per cent stake from Honda for $1-1.2 billion. The royalty likely to be paid is between Rs 2300 crore and Rs 2400 crore over three to four...
05:35 PM, Dec 15, 2010
To Register for MTV Hero Honda Roadies 7 SMS ROADIES to 56882 ...
05:15 PM, Sep 02, 2009
The positioning of superbikes is for a limited segment. ...
12:19 PM, Aug 12, 2009
Two wheeler Manufacturers say Tatas' Nano will not impact their business. ...
11:44 PM, Mar 26, 2009
After months of slowdown, auto sector shows some signs of recovery. ...
06:28 PM, Mar 04, 2009
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