Mines cancellation: NTPC to seek apex court clarification
NTPC will approach the Supreme Court for clarification on cancellation of two mines – the Tallaipali mines in Chhattisgarh and Dulanga mines in Odisha. Addressing mediapersons here on Tuesday, Chairman and Managing Director Arup Roy Choudhary said the status of the two mines were similar to the... read more »
Mahindra can be a big player in scooter market, but Peugeot deal may not he...
Mahindra & Mahindra gave its two wheeler division a shot in the arm with the decision to acquire 51 percent stake in Peugeot Motocycles, but given it has been struggling to make major inroads into the two wheeler market is it really a prudent buy? M&M today said that under the... read more »
M&M to acquire 51% stake in Peugeot Motorcycles
In a statement, M&M said under the “binding offer” made by Mahindra Two Wheelers Ltd (MTWL), there would be an “infusion of 15 million euro into Peugeot Motocycles (PMTC) to finance projects implemented through strategic partnership, and further sale of shares by PSA, which... read more »
Samsung third-quarter earnings collapse
Samsung Electronics has warned that its third-quarter earnings would be 60 per cent lower than a year earlier, as its smartphone division reeled from a competitive assault by cheaper Chinese competitors. In preliminary guidance on Tuesday, the South Korean group said operating profit for the three... read more »
