Rising metal prices help Montana mining company weather loss of General Motors as a customerOctober 14th, 2009 Mont. mining co. recovers without GM's businessBILLINGS, Mont. — A Montana mining company that warned of possible layoffs after General Motors Co.
Aviation fuel prices slashed, but fares unlikely to be cutJuly 15th, 2009 NEW DELHI - With a fall in international prices of crude, state-run oil companies Wednesday slashed aviation fuel prices by almost 6 percent. The new prices will be effective Wednesday night and come after four consecutive hikes.
Petrol prices hiked by Rs. 4 a litre; diesel up Rs. 2July 1st, 2009 NEW DELHI - The Centre on Wednesday announced a rise in the price of petrol and diesel by Rs. 4 and Rs.2 per litre, respectively.
Aviation fuel prices hiked againJune 30th, 2009 NEW DELHI - State-run oil companies Tuesday raised jet fuel prices by over 6 percent, the fourth hike in two months, after crude oil price at the global market reached a seven-month high of $72 per barrel. The aviation fuel would now cost Rs.2,307 more per kilolitre in Delhi at Rs.38,558.
Tata Motors posts Rs.2,505 crore lossJune 26th, 2009 MUMBAI - Leading vehicle maker Tata Motors has posted a huge loss of Rs.2,505.25 crore ($520 million) in 2008-09 as against a profit of Rs.2,167.7 crore recorded the year before, thanks to the global slowdown and losses made by its British unit. Its turnover, however, almost doubled to Rs.70,938.85 crore last year from Rs.35,660.07 crore in 2007-08, the company said in a statement.
Hindustan Motors to launch upgraded Winner truck in DelhiJune 19th, 2009 KOLKATA - Automobile manufacturer Hindustan Motors will launch the Bharat Stage Four (BS IV) version of its mini-truck Winner in the national capital shortly, a top company official said here Friday. "Our immediate priority is to launch the BS IV version of Winner in Delhi in seven to 10 days.
GM CEO Fritz Henderson says company strategy based on higher fuel and energy pricesJune 17th, 2009 GM CEO says planning based on $100 per barrel oilDETROIT — General Motors' CEO Fritz Henderson says the company is planning future strategies around higher oil prices, betting that crude oil could eventually revisit the $100 to $130 per barrel cost. Henderson, speaking about the future of energy at The National Summit in Detroit Wednesday, says he thinks volatility in oil and energy prices will be permanent, and that consumers already assume that oil prices will be higher.
New US jobs data sends oil prices above $70 per barrelJune 5th, 2009 Oil prices spike above $70VIENNA — Oil prices are spiking above $70 per barrel for the first time since October. Prices jumped after a U.S.
Tata Motors net falls 51 percentMay 30th, 2009 MUMBAI - Tata Motors Ltd, India's automobile major reported a smaller-than-expected 50.7 percent drop in the annual profit while sales picked up in the March quarter and raw material prices fell. This was disclosed by C Ramakrishnan, Chief Financial Officer of Tata Motors, at a press conference here on Friday.
Prakash Telang new managing director of Tata MotorsMay 29th, 2009 MUMBAI - Auto major Tata Motors has appointed Prakash M. Telang as its managing director, while the incumbent Ravi Kant will continue as non-executive vice chairman, the company said Friday.
Aviation fuel prices cut by Rs.311 per kilolitreApril 30th, 2009 NEW DELHI - State-run oil companies Thursday announced a cut in aviation fuel prices by Rs.311 per kilolitre (kl), after three consecutive hikes. The aviation turbine fuel (ATF) will now cost Rs.31,615 per kl in Delhi, effective from Thursday midnight, an Indian Oil Corp (IOC) official said.
Aviation fuel price cut again, by 7 percentMarch 1st, 2009 NEW DELHI - State-run oil companies Saturday slashed aviation turbine fuel (ATF) prices by seven percent, the 11th reduction since September last year. From March 1, jet fuel price will go down Rs.2,052 per kilolitre to Rs.27,106 in Delhi, while it will cost Rs.27,861 per kilolitre in Mumbai, an official of Indian Oil Corporation (IOC) said.
Commercial vehicle makers pass on duty cut benefitsFebruary 26th, 2009 NEW DELHI - A day after the central government announced 2-percent excise duty cut, some of India's commercial vehicle manufacturers Wednesday slashed prices across their trucks and bus line-ups to pass on the benefit to consumers. 'We are passing on the full benefits of the excise duty reduction,' a spokesman for Ashok Leyland said, adding that this would 'bring prices down on average slightly more than Rs.16,000'.
West Bengal to revise bus, taxi fares after oil price cutJanuary 12th, 2009 KOLKATA - West Bengal would review bus and taxi fares when the central government reduces fuel prices, Transport Minister Sunbhas Chakraborty said here Tuesday. 'The government of India has not issued any notification so far.
Bajaj family dispute comes to an endDecember 31st, 2008 NEW DELHI - The six-year-old Bajaj family dispute over the division of group companies and assets came to an end Thursday with brothers Rahul Bajaj and Shishir Bajaj withdrawing their petitions from the Company Law Board (CLB). The Bajaj family feud first hit headlines in 2002, when Shishir Bajaj accused his elder brother of trying to oust him from the chairmanship of Bajaj Sevashram, one of the group holding companies.
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