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Business Briefs

Truckers’ strike hits Hyundai

New Delhi, April 18: After Maruti, Hyundai today said it would be forced to stop production if the ongoing truckers’ strike continues beyond three to four days. “If the strike goes beyond April 22, then we will have to stop production as there will be no material left to produce cars,” Hyundai Motor India president B. V. R. Subbu said. Production for both domestic as well as export markets has been severely affected due to the strike, he added.

Sebi laws

Calcutta, April 18: The Securities and Exchange Board of India (Sebi) has directed stock exchanges to make necessary amendments to the by-laws so that original arbitration awards with acknowledgements could be permanently preserved.

Aftek plan

New Delhi, April 18: IT company Aftek Infosys Ltd will invest about Rs 70 crore in the next one year in expansion activities, including setting up a large development centre in Pune and ramping up its US subsidiary.

NHB move

Chennai, April 18: National Housing Bank (NHB) is in the process of setting up a mortgage guarantee company, in association with some foreign housing finance firms, with a view to encourage housing loans for the “non-salary informal class of society.”

HM export

New Delhi, April 18: Hindustan Motors (HM) has started exporting the CNG version of its old workhorse, Ambassador, to Bangladesh. The neighbour will use such cars as taxis to contain rising pollution in its capital, Dhaka.


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