Mahindra holds a controlling stake in Peugeot Motorcycles

Mahindra holds a controlling stake in Peugeot Motorcycles

Jan 30, 2015

Mahindra has just bought a controlling stake in the lossmaking Peugeot scooter business. The Indian automaker hopes to capture a large share of the fast-growing two-wheeler segment, helping the French company find its way back to profitable territory.   Mumbai-headquartered Mahindra Group’s Mahindra Two Wheelers Ltd. (MTWL), one of India’s most trusted...

Transport authorities mull over a common helpline

Transport authorities mull over a common helpline

Jan 28, 2015

MANGALURU: Mangaluru city police have welcomed a suggestion of having a single-point contact number through which commuters can address their grievances pertaining to public transportation. via Transport authorities mull over a common helpline – The Times of...

Tata Motors plans Rs 7,500cr rights issue

Tata Motors plans Rs 7,500cr rights issue

Jan 28, 2015

MUMBAI: Weighed down by debt and losses in its India business, Tata Motors, the world’s fourth largest truck maker, plans to raise up to Rs 7,500 crore via a rights issue over the coming months, its third such offering in the company’s history since it got listed in 1955. via Tata Motors plans Rs 7,500cr rights issue – The Times of...

Railway ministry shifts blame to Coal India for fuel crisis

Railway ministry shifts blame to Coal India for fuel crisis

Jan 28, 2015

Rubbishing the APP’s (Association of Power Producers) allegation of discrimination in coal rake allocation, the railway ministry has put the blame on Coal India (CIL) and the ministry of coal for the fuel crisis. A lower than promised supply of coal by CIL and the coal ministry’s inability to coordinate with the railways are the main issues, it said via Railway...

Petrol costs more than ATF in India

Petrol costs more than ATF in India

Jan 22, 2015

NEW DELHI: Perhaps for the first time, petrol in India costs more than jet fuel (ATF) used in aeroplanes, as the government has levied a record excise duty on the fuel used in two-wheelers and cars. A litre of petrol in Delhi costs Rs 58.91 per litre. via Petrol costs more than ATF in India – The Times of...

Wait for registration certificate of your vehicle to be over soon

Wait for registration certificate of your vehicle to be over soon

Jan 22, 2015

NEW DELHI: Soon you will be able to get the registration certificate (RC) of your car or any other vehicle within minutes and there will be no scope for anyone to enter wrong data and details including the chassis or engine number. The transport ministry has come up with an IT-based mechanism which enables tracking and recording of all details including the...