Cars, SUVs buck retail auto sales drop

Tractors also retain traction in March. Retail sales of passenger vehicles maintained growth in March with more than 2.79 lakh units sold, data released by the Federation of Automobile Dealers Associations (FADA) showed. The figure was not strictly comparable with the year-earlier period, when sales were halted by the nationwide […]

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Japan to fund A&N, metro expansion

₹265-cr grant to boost islands’ power supply; ‘A&N location key in Indo-Pacific’ In the first-ever official development assistance (ODA) project in Andaman & Nicobar (A&N), Japan has approved grant aid worth ¥4.02 billion, or ₹265 crore, to improve the power supply in the islands, stressing the strategic geopolitical location of […]

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SPIC to switch over to natural gas as feedstock

Move will cut need for working capital Over the next 12 months, Southern Petrochemicals Industries Corporation Ltd. (SPIC) will completely switch over from naptha to using natural gas as a feedstock to produce urea, said a top official. “We will be one of the last few companies in Tamil Nadu […]

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Valli Arunachalam family moves waiver application

Bid to sue Ambadi, Murugappa family Valli Arunachalam and her family have moved a waiver application before the National Company Law Tribunal (NCLT), Chennai seeking waiver of the minimum shareholding requirement of 10% for maintaining the alleged oppression and mismanagement case against Ambadi Investments (AIL), the holding company of the […]

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