The Supreme Court on Wednesday adjourned for the fourth time a hearing on the Rs2,600 crore Sethusamudram project as the Union government could not file an affidavit explaining the cultural significance of the Adam’s Bridge, also known as Ram Sethu—a coral walkway between India and Sri Lanka. The project envisages dredging the walkway to reduce sailing time for ships.
A three-judge bench headed by Chief Justice K.G. Balakrishnan accepted the government’s request for more time, giving it two weeks to file the court-mandated affidavit.
The bridge has been at the centre of controversy with right-wing Hindu organizations saying that the project would destroy the ancient coral walkway, believed by them to have been built by Hindu god Ram.
Ranbaxy to give details of hiving off plan today
New Delhi: Drug maker Ranbaxy Laboratories Ltd is expected to disclose details of the hiving off and listing of its new drug research unit into a separate company on Thursday along with its year-end financial figures.
Ranbaxy’s decision to hive off the research, which was announced in October last year, aligns with that of its peers such as Sun Pharmaceuticals Ltd, Nicholas Piramal India Ltd and Wockhardt Ltd, which have either carved out their research wings into a separate entities or are in the process of doing that. Bhuma Shrivastava
Toyota Kirloskar appoints Hiroshi Nakagawa as MD
The world’s second largest car maker,Toyota Motor Corp. (TMC), has appointed Hiroshi Nakagawa, as the new managing director of its Indian arm, Toyota Kirloskar Motors Ltd (TKM), as the company looks to grow in its second decade in India, which now is among the world’s fastest growing automobile markets.
Nakagawa, a former general manager at the Tsusumi plant of Toyota in Japan, replaces Atsushi Toyoshima, who after a five-year stint will head the European operations of Toyota Boshoku Corp.—a Toyota group company.
On 8 January, Mint had reported about the change in the top executive level at TKM. Nakagawa had led a team in Thailand to launch innovative international multi-purpose vehicles, or IMV—a Toyota concept that seeks to use a single platform to build different segment vehicles, such as a pick-ups, multi-purpose vehicles and sports utility vehicles.
Thailand has the biggest IMV output with 280,000 units produced annually, half of which are for export. “One of the biggest challenges is to ensure that all teams work together towards the same goal to assure best service to its customers,” said Nagakawa in a statement.
Nagakawa, 53, who has a degree in politics and economics from Meiji University in Japan, has more than three decades worth of experience in sales, new model development, production, and product support at Toyota, the statement added.
In the past, Toyota has indicated that it hopes to garner a 10% share of India’s car market by 2010. K. Raghu
Royal Orchid to expand capacity, spend Rs500?cr
Pune: The Bangalore-based Royal Orchid Hotels Ltd chain is planning to invest Rs500 crore in the next two years in the fast-growing domestic hospitality industry to double the number of rooms from 800 to over 1,600 across various categories. While the hospitality chain will focus on the business hotel segment where it will put up five-star and four-star categories under the Royal Orchid Central brands, it will also expand its presence in the budget hotel segment. It has recently launched a 60-room property in Hyderabad under the brand name Peppermint. The entry into the budget hotel segment is being done through a wholly owned subsidiary, AB Holdings.
The hotel chain, that recently made an entry into the resort and get-aways segment with two properties at Mysore in Karnataka, has also recently acquired land at Dar-e-Salam in Tanzania, where it will set up a resort and spa, said C.K. Baljee, chairman and managing director, Royal Orchid Hotels Ltd.
The chain opened its 10th property in the country, a 115-room business hotel under the Royal Orchid Central brand in Pune on Monday. Sudha Menon
Orissa halts trade with Bengal on bird flu scare
New Delhi: Orissa has halted trade in poultry and related products with West Bengal and declared high alert along bordering districts, Mayurbhanj and Baleshwar as a precautionary measure following the outbreak of bird flu.
Officials at Chilika lake, Bhitarkanika National Park and Nandankanan Geological park are also on alert since this is the season for migratory birds. Meanwhile, 55 Rapid Response Teams are assisting in the culling process in the affected Bengal districts, as per a state government report to the agriculture ministry. Siddhartha Sarma