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Maruti Suzuki to increase vendor training centres to 400 by 2020

Maruti Suzuki to increase vendor training centres to 400 by 2020

India’s largest car manufacturer Maruti Suzuki India (MSIL) is looking to add 400 vendors to its suppliers’ training programme to enhance quality and production efficiency.

Under this programme, the company will assist 400 tier-1 suppliers on global best practices for training workforce by 2020. MSIL has so far established 90 Dojo centres – state-of-the-art facility for learning – to help vendors achieve greater operational efficiency.

SBI Q4 Results 2018: SBI share price falls over 1% ahead of earnings; stock among top 10 turnovers on NSE

SBI Q4 Results 2018: SBI share price falls over 1% ahead of earnings; stock among top 10 turnovers on NSE

SBI Q4 Results 2018: SBI share price today fell more than 1% in the morning deals on Monday as India’s largest bank by assets State Bank of India is all set to announce the financial results for the quarter and the financial year ended 31 March 2018 today, 22 May 2018 (SBI Q4 results 2018 date). Over the course of last one year, SBI share price has declined more than 16% despite the announcement of the mega-plan of Rs 2.11 lakh crore to recapitalise NPA-ridden PSU banks.

Forget gains; rising crude price put India’s oil producers ONGC, OIL at risk instead: Moody’s explains

Forget gains; rising crude price put India’s oil producers ONGC, OIL at risk instead: Moody’s explains

As oil prices rise, Moody’s Investors Service said state-owned oil producers ONGC and Oil India Ltd face increasing risk of the government once again requiring them to share the fuel subsidy burden. Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) had for more than 13 years paid as much as 40 per cent of the under-recoveries arising from fuel retailers selling petrol, diesel, cooking gas (LPG) and kerosene at a government-mandated price, which was way below the cost.

Bank strike: SBI warns of service disruption on May 30-31

Bank strike: SBI warns of service disruption on May 30-31

The country's largest lender SBI today said its services may be impacted on May 30-31 if the proposed strike by various bank employees' unions take place.

The bank unions have been pressing for various demands, including wage revision in the wake of the proposal for a 2 per cent hike in salary. State Bank of India said the Indian Banks' Association (IBA) has communicated to the bank that the United Forum of Bank Unions (UFBA) has served a notice to go on a nationwide bank strike on May 30-31, 2018.

Riding on 66% net growth, DLF sees revival in luxury homes

Riding on 66% net growth, DLF sees revival in luxury homes

DLF, the country’s largest real estate developer, recorded a consolidated net profit of Rs 2.48 billion in the fourth quarter of last fiscal year while profit stood at Rs 1.49 billion during the same period a year back. This year’s profit is a whopping rise of 66 per cent from the figure in the previous year.

Total income, however, fell to Rs 18.45 billion during the January-March quarter of last fiscal year from Rs 25.12 billion in the corresponding period of the previous year.

NCLAT hope for L&T, firm to argue case on Tuesday for Bhushan Steel dues

NCLAT hope for L&T, firm to argue case on Tuesday for Bhushan Steel dues

Through a Larsen & Toubro (L&T) application, operational creditors to Bhushan Steel have got a window of hope at the National Company Law Appellate Tribunal (NCLAT) on their dues to the insolvent company.

The appellate body has agreed to hear the L&T petition on its Rs 9.62 billion of dues from Bhushan Steel. The case will be heard on Tuesday. Bhushan Steel was taken over by Tata Steel last week, after a protracted process under the insolvency law, involving some controversy.

Goa-Mumbai Air India flight makes emergency landing at Mumbai airport

Goa-Mumbai Air India flight makes emergency landing at Mumbai airport

An Air India plane from Goa with 143 passengers onboard made an emergency landing here after a hydraulic failure, a spokesperson fro the airline said.

A full emergency was declared at the airport at 8.36 PM as flight AI 662 made the emergency landing. "It landed safely with 143 passengers onboard," the spokesperson said.

RCom-RJio deal: Arun Jaitley’s IBC clause stands between Ambani brothers if RCom goes into insolvency

RCom-RJio deal: Arun Jaitley’s IBC clause stands between Ambani brothers if RCom goes into insolvency

Anil Ambani’s Reliance Communications share price skyrocketed 65% on last Thursday on media reports that the company was mulling out-of-court settlement with Swedish communications firm Ericsson. But RCom stock pared the gains on Friday when a Reuters report said that the settlement deal looked unlikely. Subsequently, RCom shares tumbled 9.37% intraday to Rs 15.

Amazon helps Shenzhen ex-Googler turn mom’s money into a billion

Amazon helps Shenzhen ex-Googler turn mom’s money into a billion

After Steven Yang left his coveted job at Google, he asked his mother whether he should take venture-capital money to fund his business idea.

If his online consumer-electronics enterprise was a risky bet, she told him, go with the venture capitalists. But if building the business into something great was his destiny, he instead should use her money from a pharmaceutical career in China.

L&T Hydrocarbon Engineering bags orders for setting up two fertilizer plants in Bihar, Jharkhand

L&T Hydrocarbon Engineering bags orders for setting up two fertilizer plants in Bihar, Jharkhand

L&T Hydrocarbon Engineering in consortium with TechnipFMC has bagged two orders from Hindustan Urvarak and Rasayan Ltd for setting up two fertilizer plants. “L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of… Larsen & Toubro Ltd, in consortium with TechnipFMC, has won two significant orders from Hindustan Urvarak and Rasayan Ltd (HURL), a joint venture company of IOCL, NTPC, CIL, FCIL and HFCL,” Larsen and Toubro (L&T) said in a BSE filing.

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