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Bids for this tender must be submitted on or before Nov. 28 and the award is due on Dec. 12: Source
The Supreme Court on Thursday ordered the official receiver of Bombay High Court to take over the management of affairs of luxury township Aamby Valley, amid fears of encroachment and the possibilities of not finding any bidder in the auction. The official receiver is different from the official liquidator, who had been earlier appointed by the court to conduct the auction of the township. The move will end the control and possession of the Sahara group over Rs 37,000 crore property spread across 43 square kilometres off Lonavla on the Mumbai-Pune Highway. In an order, the bench of chief justice Dipak Misra, Ranjan Gogoi and AK Sikri said "We appoint official receiver of the Bombay High Court in respect of Aamby Valley. The duty of the receiver is to see the valuation is not reduced and the property is maintained."The Court ordered the auction of the township earlier this year after the group failed to pay Securities and Exchange Board of India (Sebi) sums due as per the court's 2012 .
Coimbatore-based Jayem Automotives, in a strategic association with Tata Motors, is planning to launch electric cars known as the 'Neo'. In March this year Tata Motors annaounced the launch of JT Special Vehicles Pvt Ltd, a 50:50 JV with Jayem Automotives for development of special performance vehicles.While confirming the development, the company refused to provide further details. Tata Motors officials were not immediately available for a comment.The 48-volt Neo will be assembled and marketed by Jayem Auto, and is designed to run 150 kms with air-conditioning, on full charge.J Anand, MD Jayem Automotives Pvt Ltd said, "The Neo is powered by an electric drive system developed and supplied to Jayem by Electra EV, a technology company which develops and produces electric drive systems. The first batch of cars will be supplied shortly." The development comes at a time when the government has set an ambitious target of having only electric cars by 2030. Jayem is a new age automotive ...
The move comes after the Securities and Appellate Tribunal (SAT) directed Sebi to pass fresh directions in the matter
The seven-decade-old company claims to be India's fastest growing ice cream brand over the past five years
Triumph's portfolio includes high-powered bikes, such as the Rocket III, Daytona 200, SuperSports Daytona 675R, Tiger 800 and the iconic Triumph Bonneville family, among others
Order intake rose 18 per cent to $52.34 billion in FY17
Likely to be re-branded Jayem Neo, set to be assembled by Jayem Auto while Tata would supply body shells
Google will fund 100,000 scholarships on the Pluralsight technology learning platform and 30,000 scholarships on Udacity platform.
The firm is famous for making Amitabh Bachchan and Elvis Presley jukeboxes launched a new line-up of products such as Bluetooth speakers and headphones
The family, which has built Bharti Enterprises and Bharti Airtel, has pledged a tenth of its wealth to philanthropy and will set up the Satya Bharti University for Science and Technology
To rescue lenders burdened with the record bad loans will boost their prospects
In July, the CCEA approved the sale of the govt's 51.11% stake in oil refiner HPCL to the country's largest oil producer ONGC
Honda Motorcycle & Scooter India (HMSI) today said its flagship scooter brand Activa has crossed 20 lakh unit sales mark in just seven months this year. The company sold 20,40,134 units of the Activa from April to October 2017, HMSI said in a statement. Activa, which was launched in 2001, had taken seven years to cross the first 20 lakh unit milestone in 2008, it added. HMSI Senior VPSales and Marketing Yadvinder Singh Guleria said Activa continues to lead as the highest selling two-wheeler of India. "Now, as scooterisation has started making rapid inroads in semi-urban and rural areas, Honda is confident that Activa will continue to grow as the number one choice of India," he added. HMSI had launched 102cc automatic scooter Activa in 2001 and sold 55,000 units in the first year itself. The brand crossed 10 lakh unit mark in December 2005.
Ola will reportedly take delivery of the first batch of 400 Neos from Jayem at the EV's launch
Here are some of the prepaid plans that the telecommunication service providers are offering to prepaid consumers with free voice calls and 1 GB and more internet data per day
According to Foreign Exchange Management Act, airlines can't accept rupee for onboard sales on international flights
Indo-American brothers Chirag and Chintu Patel have built a $1.8-bn drug giant that is set to pip Sun Pharma as the fifth largest generics maker in the US
ACMA, a lobby group that represents auto parts makers, is conducting a study to assess the impact of such a transition on the industry