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).