New Delhi: The union government will introduce additional measures to enhance transparency in operations of ongoing and future health care projects following recommendations in fact-finding study of health care projects carried out by the World Bank. Among the key measures are a gradual move towards transferring the procurement process online, said a finance ministry statement.
Five-yr trading ban on Tata Finance ex-chief
Mumbai: Market regulator Sebi on Friday banned former managing director of Tata Finance Dilip S. Pendse, his wife Anuradha Pendse and others from engaging in the market for five years in an insider trading case.
“Sebi... has restrained D.S. Pendse, Anuradha Pendse, Nalini Properties Pvt. Ltd (NPPL), Anjali Beke from accessing the securities market and also prohibited them from buying, selling or otherwise associating with the securities market in any manner whatsoever, for a period of five years,” the regulator said in an order.
Delphi-TVS to invest Rs500 cr in tech centre
New Delhi:Auto components maker Delphi-TVS Diesel Systems Ltd Friday said that in the next few years it will invest Rs500 crore in manufacturing and in a technical centre set up by the company in Chennai. Around Rs50 crore is earmarked for the centre, company president J.S. Chopra said.
Indian Hotels plans $600 mn rights issue
Mumbai: Tata Group’s hospitality arm Indian Hotels Co. Ltd (IHCL), the owners of Taj chain of hotels, will raise $600 million through a rights issue to finance its expansion in India and overseas. “We will raise $600 million by the first quarter of 2008,” IHCL managing director and CEO Raymond N. Bickson said on Friday.
Tata Motors plans to launch 15-20 more commercial vehicle models
New Delhi: India’s largest commercial vehicle maker Tata Motors Ltd on Friday said it will introduce up to 20 new products this year, while plans are afoot to start exporting its mini truck ACE to South Africa.
The company, which is also enhancing its bus portfolio, will set up a bus manufacturing for its joint venture with Brazilian firm Marcopolo SA at Dharwad in Karnataka having a capacity of 25,000 units per year. “In the next 12 months we will be introducing 15-20 products, which is inclusive of the seven products that we have already displayed,” P.M. Telang, Tata Motors executive director commercial vehicle business unit, said at the 9th Auto Expo. Telang said Tata Motors was set to start export of a better version of its last mile truck ACE to South Africa by the middle of this year.