Chennai: The country’s third largest two-wheeler maker by volume, TVS Motors Co., has launched the controversial bike called Flame, even as it slugs it out in court with larger rival Bajaj Auto Ltd, which suggested it may be using technology that is proprietary to the latter in the new motorcycle.
TVS is hoping to garner a 10% market share in the popular executive segment, which makes up for about half of all motorcycles sold in India through Flame—a 125 cc bike. The product, priced between Rs45,000 and Rs48,000 (ex-showroom), pits the company directly against bikes from market leader, Hero Honda Motors Ltd and Pune-based Bajaj, the number two.
‘No violations’: Venu Srinivasan, chairman and MD of TVS.
“We are not violating anything by this launch,” Venu Srinivasan, chairman and managing director of TVS, said. “These are just commercial disputes and there is nothing personal about it.” Bajaj, which had said in October that it would be able to say more definitely about the technology infringement after Flame was launched, didn’t respond to calls seeking comment.
Bajaj at the time had charged TVS with a possible infringement of its patented technology that led to TVS filing three court cases against Bajaj.
The dispute between Bajaj and TVS relates to a technology called digital twin spark ignition (DTSi), which uses two igniters instead of one, for better fuel efficiency.
Bajaj claims ownership of this patent and had said TVS may be using this particular technology in Flame, an accusation that TVS has dismissed as baseless.
GE Shipping places order for 2 bulk carriers
Mumbai: The country’s biggest private shipping firm by fleet size, Great Eastern Shipping Co. Ltd, said on Thursday it has placed an order for building two 57,000 deadweight tonne dry bulk carriers.
The order has been placed with Cosco (Zhoushan) Shipyard Co. Ltd and the vessels are expected to join its fleet by second quarter of 2010-11, it said in a statement. This is the second order GE Shipping has placed from the same shipbuilder. Last month it sought two dry bulk carriers expected to join its fleet in the fourth quarter of 2009/10, it said.
Shares of GE Shipping rose 6.8% to close at Rs526.30 on the Bombay Stock Exchange. Reuters
Alcatel wins $350 mn undersea cable contract
Bangalore: Flag Telecom, a subsidiary of Reliance Communications Ltd has awarded a $350 million (Rs1,380 crore) contract to French telecom infrastructure company Alcatel, to build a fully IP-enabled trans-Pacific undersea cable.
The trans-Pacific route covering 11,000km will link Japan and the west coast of the US and is the second busiest route after the trans-Atlantic for the undersea cable industry.
The trans-Pacific undersea cable is a part of the $1.5 billion expansion plan of Flag Telecom to add 50,000km of new optic cable to its 65,000km of undersea cable network across the globe.
The will be seamlessly integrated with the other cable systems including the existing cable connecting Europe- Asia (Europe- Indian subcontinent-East Asia); Atlantic (east coast of the US-Europe), and North Asia Loop (Egypt-West Asia- India) and the forthcoming cables connecting the Mediterranean, Africa and East Asian countries. Malovika Rao
Blast in Delhi-bound Rajdhani kills five
Guwahati: A bomb ripped through a moving train in Assam early on Thursday morning, killing five passengers and injuring four others, officials said.
The New Delhi-bound Rajdhani Express, which started from Dibrugarh, had just crossed a station near Chungajan, 270km east of Guwahati when the bomb exploded, jolting passengers out of sleep, said T. Rabha, a railway spokesman
“A car near the luggage van took the whole impact of the blast,” Rabha said.
A little-known militant group has owned up the attack.
“Our fighters triggered the blast through remote control to force the government to grant special rights to our community,” Dilip Beg, a leader of the Adivasi National Liberation Army told reporters on the telephone. AP
Suzlon unit to set up two plants in Punjab
Chandigarh: A wholly-owned subsidiary of wind turbine maker Suzlon Energy Ltd, Suzlon Gujarat Wind Park Ltd, has signed a memorandum of understanding (MoU) with state-owned Punjab Energy Development Agency (PEDA) to set up 100MW wind energy projects in Punjab, involving an outlay of Rs500 crore.
“The wind power projects of 50MW each will be set up at Hoshiarpur and Muktsar districts in the state over an area of 250 acre,” Suzlon Gujarat Wind Park director Atul Shah said after signing the agreement on Thursday.
The firm is conducting a wind resource assessment study in these areas for the projects and hopes to complete it in the next nine months, he said. Shah also said the company is looking to raise funds from global as well as domestic investors to finance the projects. PTI