New Delhi, May 10: Demand for cars and bikes rose over 16 per cent in April, while that for commercial vehicles rose 68.5 per cent. Car sales in April stood at 74,536 units against 63,932 units in the same month last year. Nine automobile companies recorded a rise in demand following the 8 per cent excise duty cut on small cars.
Mumbai, May 10: Tata Steel managing director B. Muthuraman today said the company?s Rs 15,000-crore steel plant in Orissa, which will have a capacity of 6 million tonnes, was on track and would start production in 2009.
Mumbai, May 10: Malwa Industries has acquired Jordan-based Third Dimension Apparels and a majority stake in Italy-based Emmetre Tintolavanderie Industrialis for $10 million.
New Delhi, May 10: In view of a probable ban on cement exports, commerce minister Kamal Nath has called a meeting of cement manufacturers on May 12 to check the steep price rise in the country.
Mumbai, May 10: Larsen and Toubro Ltd (L&T) will seek shareholders? approval to merge Datar Switchgear with itself. The company has sought the shareholders? approval by way of postal ballot.
