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This week in Auto: SiAM estimates over 100 launches at Auto Expo, bookings open for new Maruti Swift

8h moneycontrol
The buzz for Auto Expo is rising by the day as companies tease their line-up for the biennial event which kicks off on February 7. Scores of new launches and unveiling of models will set the tone for the week-long event. (4-0)

Ogilvy India elevates Prem Narayan as chief strategy officer

2018-01-19 livemint
New Delhi: Ogilvy India on Friday announced that it has elevated Prem Narayan as the chief strategy officer, effective immediately. He was heading the planning function in Mumbai which will now be handled by Balagopalan Ganapathy, who has been associated with the agency’s planning team for over a decade. (10-0)

Railways is BHEL’s first stop in bid to get 40-50% revenue from non-power areas

2018-01-19 moneycontrol
Indian Railways' massive electrification plan may just be the opportunity Bharat Heavy Electricals — the manufacturer of boilers and turbine generators for the power sector — is looking for to make sure it gets 40 to 50 percent of its revenues in some years from now. The start hasn’t been bad. From getting small contracts for sewage treatment and lake cleaning, the company is now in contention for a big one — Railways’ first large electrification tender — this one being of 400 kms. (7-0)

Mumbai: Fire brigade department gets 28 jeeps to conduct regular inspection drives

Mumbai: The Mumbai Fire Brigade department on Thursday inducted 28 more inspection jeeps to conduct regular inspection drives at commercial, residential complexes, etc, to check for fire safety lapses. After the Kamala Mills fire mishap, which claimed 14 lives, the civic corporation has set up 34 fire inspection cells across Mumbai. Now, these cells will deploy the newly purchased jeeps. (3-0)

Tata Motors aims to address 95% of passenger vehicle market by 2020

2018-01-18 business-standard
Tata Motors expects to address 95 per cent of the passenger vehicle (PV) market by 2020, up from a little less than two-third now. There would be multiple product launches in segments where it currently doesn't have a presence, said Mayank Pareek, president for PV business at the company. "Currently, we are not in the fast-growing segments, including the large hatchback one, and only 60 per cent of the addressable market. (3-0)

Market at record close, Nifty above 10,800 for 1st time; midcaps, metals underperform

2018-01-18 moneycontrol
Benchmark indices finished the day at fresh record closing highs despite late volatility on Thursday but the broader markets underperformed by a huge margin. (50-0)

Cyrus Mistry removed as board lost confidence in him: Tata counsel to NCLT

2018-01-17 business-standard
Cyrus Mistry’s presence on the Tata Sons board as a director after his removal as the chairman was jeopardising the integration of the board, Tata Sons' counsel Abhishek Manu Singhvi argued at the National Company Law Tribunal’s Mumbai bench on Wednesday. There was a gap of four months between Mistry’s removal as chairman and his expulsion from the board as a director, said Singhvi alleging that during this time Mistry had engaged in correspondence with income-tax department even after losing his authority to do so. (3-0)

Cyrus Mistry removed as board lost confidence in him: Tata Sons tells NCLT

2018-01-17 moneycontrol
The Tata Sons told the National Company Law Tribunal (NCLT) on Wednesday that Cyrus Mistry was removed from the chairpersonship of the company as its board had lost confidence in him. (3-0)

Ashok Leyland joins hands with Israel co for electric vehicles

2018-01-17 moneycontrol
Ashok Leyland, the flagship company of the Hinduja Group, signed a letter of intent with Phinergy of Israel to secure long-term arrangements for electric vehicles. (4-0)

Sensex advances 70 pts in volatile trade; IT stocks gain

Mumbai: The benchmark BSE Sensex recovered 70 points in opening trade today on gains in IT, banking and auto stocks despite weak Asian cues. (32-0)

What higher truck sales and weak rentals say about the economy

2018-01-17 livemint
Truck rentals and sales, which are indicators of economic activity, have sent contradictory and confusing signals in the last few months. On the one hand, truck rentals have been trending down after the festive season, reflecting weak demand for freight. On the other hand, truck sales have been skyrocketing, beating all other auto segments, which shows the economy is doing well. Which view is the correct one? (4-0)

Tata Sons in talks to raise $1.5 billion via external commercial borrowings

2018-01-17 livemint
Mumbai: Tata Sons Ltd, the holding company of the Tata group, is looking to raise up to $1.5 billion in external commercial borrowing (ECB) in the next few weeks, two people directly aware of its fund-raising plans said. (23-0)

Maruti Suzuki goes back to drawing board for electric car programme

2018-01-17 livemint
New Delhi: Thirty-four years after rolling out the country’s first people’s car, Maruti Suzuki India Ltd is back at the drawing board. The trigger: the coming shift to emission-free electric vehicles (EVs), the kind of change that comes once in a lifetime. (3-0)

Tata Motors set for profitable ride, may report small gains in Dec quarter

2018-01-16 business-standard
As a premium subscriber you get an across device unfettered access to a range of services which include: (3-0)

Sebi to vet Tata Sons bid to go private, evaluate minority interest

2018-01-16 business-standard
The Securities and Exchange Board of India (Sebi) is looking at whether Tata Sons’ plan of becoming a private limited company from a public one would impact shareholders, especially minority shareholders of listed Tata entities that own shares in Tata Sons. If the company were to become a private one there would be restrictions on these listed firms to sell or transfer their stake to any entity. Tata Sons shareholders had voted in favour of going private and the resolution was cleared with a majority during the annual general meeting (AGM) on September 21 last year. (15-0)