Archive for April 21st, 2008
Good demand for bicycles due to fuel price hike
0 Comments Published April 21st, 2008 in Uncategorized.
Rising fuel prices have seen office goers, the young and old alike in Chennai increasingly turn to bicycles to commute to work and go to schools, colleges and other places.
“Riding cycles is no longer passe. Riding not only makes me feel energetic, but is also a good exercise to keep myself trim,” 18-year-old Govindarajan, a […]
M&M set to buy Belgian gear-maker for $475 mn
0 Comments Published April 21st, 2008 in Mahendra&Mahendra.
Auto major Mahindra & Mahindra (M&M) is understood to be in an advanced stage of negotiation to acquire Belgium gear-maker VCST. The deal size could be in the range of around euro 300 million ($475 million or Rs 1,900 cr), sources said.
The Indian auto major is doing a negotiated deal with the company. When contacted, […]
The country’s largest two-wheeler manufacturer Hero Honda today announced raising prices of its products between Rs 500 and Rs 1000 owing to increase in input costs.
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Courtesy: economictimes.indiatimes.com
Daimler, Hero to invest Rs 4,400 cr in commercial vehicles venture
0 Comments Published April 21st, 2008 in DaimlerChrysler India.
World’s largest truck maker Daimler AG and India’s Hero group said on Monday that they will invest Rs 4,400 crore in the next five years through a joint venture to develop and manufacture commercial vehicles in India by 2010.
The two companies have signed a joint venture agreement in which the German partner will have 60 […]