Union Budget 2026-27: The annual jamboree continues

I call the Union Budget exercise an annual jamboree. While ordinary citizens look forward to benefits that accrue directly to them in terms of income tax reliefs or cost cuts in their daily items of purchase, variou...

CCI slaps Rs 17 crore penalty on Japan’s JTEKT for “cartelisation”

The Competition Commission of India (CCI) has in its latest order imposed a penalty of Rs 17.07 crore (Rs 17,07,31,443/-) on Japan based JTEKT/ JSAI , manufacturers of power steering for automobile manufacturers In ...

Sunil Kant Munjal to step down as Jt MD of Hero MotoCorp

Sunil Kant Munjal, Joint Managing Director, Hero MotoCorp, and Chairman, Hero Corporate Service has decided to step down from the Board of Directors of Hero MotoCorp, once his tenure as the Joint Managing Director o...

Post fire in Subros facility, Maruti Suzuki suspends production temporarily

Following a major fire on May 29, 2016 (Sunday) that gutted almost the entire facility of Subros in Manesar, supplies of components from the plant to Maruti Suzuki plant have been disrupted and as a result Maruti Su...

SPECIAL REPORT ON INDIAN TYRE INDUSTRY: An Un-Tyre-ing Journey

The Rs 50,000 crore Indian tyre industry today has a few reasons to smile and a few reasons to frown. On the one hand, after a lull in the industry while the demand for tyres in 2015-16 is seeing a growth coupled wi...

BMW in kitty, Force Motors to set up new engine plant for Mercedes-Benz

Force Motors has now confirmed to Motown India that this new facility which is being built in Chakan is a “dedicated facility for Mercedes Benz India Ltd”. A spokesperson for the company informed that the company wi...

Hero MotoCorp $25m EBR dreams shatter with closure of US company

India’s leading manufacturer of two wheelers Hero MotoCorp Ltd (HMCL) has announced that the US based company Erik Buell Racing in which it had invested US $ 25 million (Rs 156 crore by today’s exchange rate) has ce...

Force Motors plans new Pune engine plant with 50000 p.a. capacity

Pune-based and Prasan Firodia controlled Force Motors Ltd has informed the Bombay Stock Exchange (BSE) that the Board of Directors of the Company has approved the establishment of a factory in Chakan, near Pune for ...

FIEM enters into 50:50 JV with Italian  company

Leading automobile lamp manufacturer Fiem Industries Ltd has informed the Bombay Stock Exchange that

Firodia sells stake in MAN venture for Rs 1050 cr

The Abhay Firodia-controlled Force Motors will be divesting a part of its equity share in MAN Force




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