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Popular Articles

Power firms bet big on valuations
Merchant power becomes attractive, as business evolves into end-to-end model.

India may buy UK aircraft carrier
Whitehall officials examining the feasibility of such a sale.

News of the day

IDBI Bank moves ahead on bank buy
IDBI Bank had completed due diligence on a private bank for a possible acquisition, Chairman and Managing Director Yogesh Agarwal said today. “Talks are on. Due diligence has been done. I cannot commit on the time-frame,” he said on the sidelines of Bancon 2009-10.
Business Ideas

Nissan-Ashok Leyland LCV plant deferred

Hinduja Group firm Ashok Leyland on Wednesday said that construction of its proposed facility to make light commercial vehicles (LCVs) in partnership with Japan"s Nissan had been deferred due to sluggish market conditions. - Ashok Leyland-Nissan LCV plant"s construction deferred - Ashok Leyland-Nissan JV to be delayed - Tata Motors sees mixed April; M&M tractor sales up 35% - Hind Motors to cut LCV price by Rs 7,000 - Ashok Leyland, Nissan revisit biz plan for JVs - Ashok Leyland Jan sales down by 73.17% The company, however, said LCVs under the joint venture would still be made, but initially would be launched from the partners" own facilities. “The construction of the plant has been deferred, but not shelved. We are discussing options with our joint venture partner Nissan, keeping in mind the current market scenario,” said K Sridharan, CFO, Ashok Leyland.


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