Calcutta, Aug. 11: Ruia Group chairman Pawan K. Ruia has stepped down as the director of Dunlop India. He had resigned as the chairman about two years back. The company said this was to augment his energy to further the group’s growth. Ruia, however, continues to remain chairman of Falcon Tyres. The resignation of Ruia from the Dunlop board comes against the backdrop of the Bengal labour minister Purnendu Bose accusing him of not running the Sahagunj plant properly. Dunlop India has suffered a net loss of Rs 11.63 crore for first quarter ended June 30, 2011.
New Delhi, Aug. 11: The 15-million-tonne Paradip refinery of state-owned Indian Oil Corporation (IOC) is likely to be completed in the first quarter of 2013, almost a year behind schedule.
New Delhi, Aug. 11: Maruti Suzuki India is planning to increase manpower in its R&D division by 20 per cent.
Calcutta, Aug. 11: Balmer Lawrie’s net profit during the first quarter rose 41 per cent to Rs 44.91 crore from Rs 31.82 crore in the corresponding period last year.
