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Maruti Suzuki expects clearance on Gujarat plant soon

Country's largest carmaker Maruti Suzuki India (MSI) expects to 'soon' get a crucial clearance from the Gujarat government to allow its parent Suzuki Motor Corp to own the upcoming plant in the state.The auto major will be able go ahead with the much

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Honda recalls over 2 lakh units to replace faulty airbags

Honda Cars India Ltd (HCIL) is recalling around 2.24 lakh units of its premium sports utility vehicles -- CR-V, sedans Civic, City and hatchback Jazz, manufactured between 2003 and 2012 -- to replace faulty airbag inflators in the largest such exerci

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Mitsubishi Motors to shut US plant, go for job cuts

TOKYO: Japan's Mitsubishi Motors has started preparing for the closure of its sole US factory after failing to find a buyer for the high-cost auto plant, the Nikkei business daily reported on Saturday. The company will notify workers at the end

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Five highlights from the Frankfurt auto show

Car sales are growing in Europe and the U.S. and automakers are responding with something for every driver class at the Frankfurt auto show.After years of more conservative launches, automakers here are letting the R&D horses out of the stable wi

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Tata Steel to sell shares in Tata Motors worth up to $188 million

Tata Steel Ltd will sell shares in automaker Tata Motors Ltd worth up to $188 million, according to a term sheet of the deal seen by Reuters on Friday.The shares are being offered by Tata Steel in an indicative range of Rs 324.50 to Rs 338.05 each, w

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Challenges in market to affect aluminium industry: Hindalco's Kumar Mangalam Birla

Hindalco's performance could be affected in the near term due to a sharp slide in realisations in the aluminium industry, chairman Kumar Mangalam Birla said in Mumbai on Wednesday.At the 56th annual general meeting, Birla said that the commodity mark

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Small banks mark the biggest banking revolution in India since nationalization

Microfinance Institutions (MFIs) dominated the second set of differentiated and small finance banks announced by Reserve Bank of India (RBI) on Wednesday. Eight of the ten companies that received the in-principle nod from the central bank are MF

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HP to cut up to 30,000 more jobs

Hewlett-Packard Co, which is splitting into two listed companies later this year, said on Tuesday it expects to cut another 25,000 to 30,000 jobs in its enterprise business as the tech pioneer adjusts to falling demand.The latest cuts, on top of layo

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