Mercedes-Benz to bring in BS VI emission models to India in 2018
The Dollar Business Bureau Mercedes Benz is planning to bring in BS VI emission compliant models into India in 2018. A press release to the media said that the company is also willing to forge partnership with oil firms for higher grade oil needed for these models. The car maker has already sought help from various ministries, including Ministry of Road Transport and Highways, which has asked them to get in touch with the oil and gas firms. "We would be ready as early as 2018. We could bring the first set of vehicles in 2018 into the country," Mercedes-Benz India Managing Director and CEO Roland Folger told PTI when asked about the company’s plans regarding launch of vehicles compliant with Bharat ...
Patanjali targets Rs.10k cr turnover in 2016-17
The Dollar Business Bureau Yoga Guru Baba Ramdev-led Patanjali Ayurved is targeting a turnover of Rs.10,000-crore in the current fiscal, with an expected growth of 150 percent. While speaking to reporters at a press meet, Baba Ramdev said that Patanjali Ayurved will be reaching a turnover of Rs.10,000 crore in 2016-17, from Rs.5,000 crore in the previous year. The company is expected to grow by 150 percent in 2016-17.If the revenue target is achieved, Patanjali Ayurved will be ahead of major multinationals in India like Colgate-Palmolive, Nestle and Procter & Gamble. To meet the increasing demand, the company is expanding its manufacturing capacity and will spend over Rs.1,000 crore to set up six processing facilities across the country. Besides, it will also invest ...
India in the spot light at the Russian trade show!
The Dollar Business Bureau Towards promoting investment and foreign collaboration in the field of technology, the Indian industry is gearing up for the upcoming global Russian industrial trade show- ‘INNOPROM SHOW’, where India would be the partner country. Taking precedence of the fact that India wants to become the manufacturing hub in the global supply chain, the Government is keen to exhibit its interest in attracting global technology in the trade show that is going to be held in Yekaterinburga city, Russia, during July 11-14, 2016. India’s apex engineering industry body Engineering Export Promotion Council (EEPC) will be leading the Indian side at the show, under the aegis of the Ministry of Commerce and Industry. “India has been named as the ...
Anti-Dumping investigation on Purified Terephthalic Acid initiated
The Dollar Business Bureau Yet another investigation is initiated for the anti-dumping concerning imports of Purified Terephthalic Acid (PTA) that are originating in or are exported from China PR, Iran, Indonesia, Malaysia & Taiwan. MCC PTA India Corp. Pvt. Ltd., and Reliance Industries Limited have jointly filed an application before the designated authority of Directorate General of Anti-Dumping & Allied Duties for initiating the anti-dumping investigation. The usual process of the filing has seen its success as the authorities have found a prima-facie evidence of the dumping of the ‘subject goods’ originating from ‘subject countries’ to the domestic industry. The decision has been taken to initiate the investigation into alleged dumping and the consequent injury to the domestic industry, so that ...
Reliance seeks pricing freedom for natural gas
The Dollar Business Bureau Concerned over regulatory challenges faced by oil and gas business, Reliance Industries has sought freedom over fixing of gas prices and an official statement in this regard was made by Mukesh Ambani, CMD, Reliance Industries Ltd. “Contractual commitment of marketing and pricing freedom for natural gas, along with risk-reward balance must be met,” said Mukesh Ambani on Saturday. Addressing company shareholders, Mukesh Ambani raised concerns over oil & gas exploration and production (E&P) business saying, “The E&P business created huge economic value to the government, but, generated lower shareholder returns which are even lower than the cost of capital.” While E&P business helped the nation save $34 billion in foreign exchange by bringing to production in the KG-D6 fields ...
Oil Minister visiting Mexico and Colombia for Indias energy security
The Dollar Business Bureau In order to boost energy trade with Latin America, Minister of State (Independent Charge) for Petroleum & Natural Gas Dharmendra Pradhan is on tour Mexico and Columbia from today for mutual cooperation in the area of hydrocarbons and to seek long-term linkages for the nation’s energy security. The Oil Minister is accompanied by a high level delegation which includes B. Ashok (Chairman, Indian Oil), Narendra Kumar Verma (Managing Director, ONGC Videsh Ltd) and other senior ministry officials. Apart from PSUs, Atul Laul (President, Reliance Industries), Mayank Ashar (CEO, Cairn India) and Rajeev Sharma (CEO, Adani Gas CEO) have also joined the 15-member delegation. He is also expected to meet the energy ministers of Mexico ...
