When Hero and Honda part ways

Desh ki dhadkan Hero Honda could be in serious need of an electrocardiography. Over the last month, it has been issuing denials or ‘no comments’ in response reports of a stake sale by Japanese partner Honda Motors. Facing the ultimate test—the country’s largest

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

Hyundai Motor ties up with ING Vysya Bank for car loans

The country's second largest car maker Hyundai Motor India today said it has tied up with the private sector lender ING Vysya Bank to provide retail financing facilities to customers. With this association, we will be able to reach out to a wider consumer base with better and easier finance options. Also, the competitive rates and easily accessible locations of the bank will surely benefit our customers, Hyundai Motor India Ltd (HMIL) Director (Marketing and Sales) Arvind Saxena said in a statement. Under the agreement, both the firms will work together to provide car loans using HMIL's customer database. The tie-up will cover financing options by all the branches of the bank in India. Both the partners will utilise and leverage each other's strengths to cross sell Hyundai vehicles along with the bank's car loans and schemes, the statement said

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

Mercedes-Benz to set up body-building unit at Pune

Mercedes-Benz India today said it will start bus body-building by the second half of next year, for which it will set up a new unit at its Pune plant. Already we are building a bus chassis at our Pune plant. Now, we are setting up a bus body-building unit at the facility. It is expected to be operational  by the second half of next year," Mercedes-Benz India CEO and Managing Director Wilfried Aulbur told PTI. Asked about the proposed investment on the new unit, he declined to give a specific figure, but said, Overall, we have invested Rs 300 crore on the Pune plant. Aulbur sai

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

HSBC hikes stake in Maruti to 7.03 pct

The country's largest carmaker Maruti Suzuki India today said global financial firm HSBC has increased its stake in the company marginally to 7.03 per cent through an open market transaction for about Rs 58 crore. According to a communique to the Bombay Stock Exchange, Maruti Suzuki India (MSI) said HSBC Global Investment Funds had picked up 0.15 per cent stake, comprising 4.38 lakh shares, through the open market on September 14. Although the company did not share the financials involved, based on the closing share price of MSI at Rs 1,346.10 a piece on the day of the transaction, HSBC is estimated to have paid Rs 58.96 crore.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

Rolls-Royce eyes expansion of Ghost line

Rolls-Royce Motor Cars Ltd plans to expand the $245,000 Ghost model line that went on sale last year as Bayerische Motoren Werke AG’s ultra-luxury nameplate aims to double sales in 2010. I’m quite confident that we’re going to see a Ghost derivative to come,” Rolls-Royce Chief Executive Officer Torsten Mueller-Oetvoes said in an interview at the car maker’s headquarters in Goodwood, England. “There’s still a lot of potential in the market” for a less formal Rolls model.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

ONGC says it can handle oil spills up to 700 tonnes

Oil and Natural Gas Corporation (ONGC), the country’s biggest oil explorer, has a capacity to handle oil spills of up to 700 tonnes, the company said in its first sustainability report released last week. However, the company has affiliations with a collaboration of major global spill response organisations to combat spills of greater magnitude. The report covers a one year period ended March 31, 2010. The capacity of 700 tonnes is small if the recent oil spill of over 800 tonnes off the Mumbai coast, caused by collision between container vessel MSC Chitra and cargo ship Khailijia 3

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

Hewlett Packard settles Oracle case over Hurd job

Computer maker Hewlett-Packard (HP) has settled a lawsuit brought against former boss Mark Hurd as it tried to stop him joining rival Oracle. Under the deal, Mr Hurd will give up about $30m ($19.3m) in HP shares he was given in his severance package. He joined the database software maker a month after leaving HP. Mr Hurd would keep "obligations to protect HP's confidential information while fulfilling his responsibilities at Oracle", the firms said. Oracle announced the appointment of Mr Hurd as co-president earlier this month. Mr Hurd, a friend of Oracle chief executive Larry Ellison, was forced to quit HP after a sexual harassment investigation.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

Nissan increases China production target

Japanese carmaker Nissan has increased its vehicle production target for China over the next couple of years. The company now says production will increase from the current 670,000 units per year to 1.2 million in 2012. It had previously targeted production of one million units in 2012. Nissan has overtaken Toyota as the top-selling Japanese carmaker in China and is expanding its facilities there. The firm is aiming for a 10% share in China - the world's biggest car market. Nissan is targeting sales of 860,000 vehicles in China this year. It has already sold 660,000 in the eight months to August. Among the Japanese carmakers, which represent 20% of total sales in China, Nissan holds the number one position," chief executive Carlos Ghosn said, speaking at the opening ceremony of Nissan's new sports utility vehicle (SUV) plant in Zhengzhou.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

Unite to sue BMI over failure to honour staff pay award

The airline BMI is being taken to court by the union Unite over claims it has failed to honour a three-year pay award to its staff. The union says as a result its 3,000 members at the company have not had a pay rise, worth millions of pounds, since 2008. It has now instructed its lawyers to begin action in the High Court. A BMI spokesman said: "Constructive talks are continuing and discussions remain ongoing. Unite and BMI entered into a three year pay agreement in 2007, the union said, which meant staff would receive pay rises in 2007, 2008 and 2009. The first two rises were paid but, due to economic circumstances, the union said it agreed to defer a 4.75% pay rise, due in April 2009, until 31 March 2010 instead. Unite claims BMI has not honoured the agreement to pay the third year of the deal.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

Street View prompts privacy code in Germany

The German government has called for voluntary data protection code to be in place by 7 December 2010. The move follows a meeting with Google, Apple and other companies to discuss how personal data is accessible on line. It comes as the German newspaper Der Spiegel reports that "several hundred thousand" people have opted out of Google's Street View service. Google has yet to launch its service in Germany, following privacy complaints. The German Interior Minister, Thomas de Maiziere, said that the proposal to establish a code by 7 December "met with approval" and that it will enable users to obtain information on the gathering and intended user of data "in a user-friendly way".

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

BAE Systems is to buy three US intelligence specialists

BAE Systems is to buy three parts of US intelligence services specialist L-1 Identity Solutions for $296m (£190m). It will buy L-1 arms Advanced Concepts, McClendon LLC and SpecTal LLC, which supply expertise to US intelligence. The purchase will see 1,000 staff join BAE Systems, at a time when it faces the prospect of cuts in defence spending in the UK and US. BAE boss Linda Hudson said the deal would "enhance BAE Systems' existing knowledge and expertise". The firm's shares were largely unchanged in London trade after the proposed deal was announced. L-1 is based in Stamford, Connecticut, and uses a variety of sophisticated systems including biometric technology to protect and secure personal identities and assets.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

Debenhams expects 20% profit rise despite flat sales

UK department store Debenhams has said it expects full-year profits to rise 20% to £150m, despite reporting no growth in underlying sales. The retailer said like-for-like sales (which strip out changes in sales space) were unchanged on last year. This was despite a pick-up in sales in the past 10 weeks. With sluggish volumes, the company said it was focusing on raising gross profit margins by taking back floorspace lent out to other retailers. Total revenues were given a boost by the firm's acquisition of Danish retail chain Magasin du Nord in November. The company reported a 10% rise in gross sales overall, but the increase was only 1.4% if the additional sales at its new Danish subsidiary are excluded.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

Capital Radio brand to go national

Global Radio, the major UK commercial radio group, is to roll out its London brand, Capital, across the UK. It will rebrand its existing regional pop music stations with the same name as London's Capital Radio, in a bid to challenge the BBC's Radio 1. The company says it will form the largest "hit music" network in the UK. It plans to start the new Capital network, which it says will reach an audience of 6.3 million, in major cities in early January next year. The flagship Capital London will be joined by another eight stations. Global's founder and chief executive, Ashley Tabor said the venture would take on Radio 1, which has 11.8 million listeners a week.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

Toyota to launch six new hybrid cars

Toyota plans to launch six new hybrid vehicles by the end of 2012, a company spokesman has said, as competition to build greener cars increases. The increase will take Toyota's total number of hybrid models to 20. The Wall Street Journal reported that two would be luxury brand Lexus models and four would be Toyota vehicles. Rival Nissan's Leaf electric car is due in the US and Japan later this year, and Honda is to start selling electric cars in those markets in 2012. As well as the new hybrid models, which run on petrol and electricity, Toyota will also unveil a fully electric version of its RAV4 sports utility vehicle later this year, the spokesman said.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).