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Gopinath continues to reduce stake in Kingfisher Airlines
Kingfisher Airlines Vice-Chairman G R Gopinath, who has been steadily reducing his stake in Vijay Mallya-led Kingfisher Airlines has further sold shares worth Rs 6.31 crore of the private carrier.

India listing to cement our commitment: StanChart
British banking major Standard Chartered today said its proposed local listing would enhance its commitment to Indian market.

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'Break-even will be sooner than expected'
Sidhartha / Mumbai December 25, 2009, 0:43 IST
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Ashok Leyland to open four outlets in Punjab

Hinduja Group Company Ashok Leyland would open three more outlets in Punjab including, one in Chandigarh in the current fiscal to expand its network. - Ashok Leyland: Not up to speed - Two-wheelers bring cheer to auto sales in June - Defiance Tech foraying into manufacturing and enterprise areas - Northern truck market revs up - Hinduja Global keen on acquiring inbound call centre - Nissan-Ashok Leyland LCV plant deferred "Currently we are present in eight locations in the state and our service network is set to grow further with four more dealer locations at Ludhiana, Moga, Chandigarh and Bathinda to be opened this fiscal," whole time Director Vinod K Dasari said in a release today. The company today inaugurated its new outlet, spread over 10,000 square feet, at Patiala. Dasari further added that the company was substantially adding to its current capacity of 10 billion vehicles per annum, with the Greenfield Uttarakhand plant scheduled to go on stream in March 2010. He said its initial capacity would be 50,000 units per annum. "The new plant, which will be an integrated manufacturing facility, will bring the company closer to the north Indian market where operations are expanding," he said. Dasari added that the company was readying itself for the launch of new products and that these vehicles will be tailor made for specific applications and are designed for better profitability.


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