Mumbai: At the opening ceremony for Daimler AG's $850 million India factory, Chairman Dieter Zetsche stepped down from the cab of a gleaming yellow 25-tonne truck with scaled-down horsepower, a stripped-back gearbox and no sign of the iconic Mercedes-Benz three-pointed star on its grille. Daimler has been assembling high-end trucks in India for years, but its recently launched cut-price BharatBenz line has joined a trend by global heavy equipment manufacturers...
01:19 AM, May 13, 2012
New Delhi: Mobile handset manufacturer Nokia has come in for adverse notice, with an independent research report saying employees at its manufacturing plant in Chennai are being paid low salaries, a contention rejected by the Finnish major. The observation is part of the report prepared by 'Finnwatch', which is aimed at understanding unionisation and precarious employment conditions in the mobile phone factories of Nokia, Salcomp, Flextronics and Foxconn in Sriperumbudur,...
09:34 AM, Sep 19, 2011
New Delhi: Car sales in India fell 15.8 percent in July, an industry body said, as higher interest rates, rising fuel prices and vehicle costs crimped demand in the world's second-fastest growing major auto market. Indian automakers sold 133,747 cars in July, according to data from the Society of Indian Automobile Manufacturers (SIAM) released on Wednesday. Sales of trucks and buses, a key pointer to economic activity, rose 23.7 percent...
11:30 AM, Aug 10, 2011
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11:56 AM, Feb 26, 2011
Hyderabad: IT and pharma industries in Andhra Pradesh want a quick end to the impasse over the Telangana statehood issue, fearing prolonged stalemate will hamper the state's economy. The stalemate in the statehood issue will have a negative impact on fresh contracts from overseas for the IT industry, according to the IT and ITES Industry Association of Andhra Pradesh (ITsAP). Reacting to the Srikrishna Committee's recommendations to resolve the issue,...
10:32 PM, Jan 06, 2011
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10:17 AM, Dec 07, 2010
Last week, Toyota issued recall for 2.3 million cars. ...
03:16 PM, Jan 28, 2010
Manufacturers agree to find solution to one of modern life's irritants. ...
12:04 AM, Jun 30, 2009
In May, just 700 units grew in comparison to last year. ...
02:43 PM, Jun 08, 2009
GM has until March 31 to prove it can avoid bankruptcy or it loses govt loans. ...
11:17 PM, Mar 05, 2009
Toyota's has domestic factories, 4 produce vehicles the rest make engines and auto parts. ...
03:47 PM, Jan 06, 2009
The Indian drug giant, Ranbaxy is a major maker of an AIDS generic drug. ...
01:45 AM, Sep 17, 2008
Singur may have have delayed work but Nano will be wheeled out on time. ...
08:58 PM, Sep 04, 2008
The chappals have been designed to be folded and put inside the pocket now. ...
11:31 PM, Jul 17, 2007
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