Anna Hazare calls off fast

The 74-year-old activist made the surprise announcement midway through his three-day fast at MMRDA grounds which reported poor attendance of people for the second continuous day

Mumbai: Smarting under poor response and bad health, Anna Hazare on Wednesday called off his fast a day ahead of schedule and repeated his threat to campaign against Congress in the five poll-bound states for not brining a strong Lokpal, reports PTI.

The 74-year-old activist made the surprise announcement midway through his three-day fast at MMRDA grounds which reported poor attendance of people for the second continous day, in stark contrast the mass swelling in Delhi earlier this year during his three fasts.

Mr Hazare did not make any reference to the earlier plans of coming to Delhi for a dharna of the residence of Congress chief Sonia Gandhi and Rahul Gandhi and about the jail bharo agitation (filling up of jails) after that.

"...Whatever we are seeing today in Parliament is tragic. So I have decided to call off the fast today. There is only one way now. We will make a programme in the five states and go and awaken people there. I will tell them don't vote for traitors," he told a sparsely attended protest meeting in the afternoon.

"Now two years are left for the general elections. In between, I will go to various parts of the country and keep awakening the people till next general elections," he said.

The ending of the fast by Mr Hazare, who was having fever of 100 degree F, came after doctors advised him to call off his protest saying continuing it will lead to kidney failure.

Mr Hazare said he was already fasting four days before the start of the protest strike Tuesday in Mumbai.

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Hero Eco buys Ultra Motors

Hero Eco plans to invest Rs450 crore in the next five years across businesses

Vijay Munjal-led Hero Eco today said it has acquired UK-based Ultra Motors for an undisclosed amount, aiming to strengthen its presence globally in the electric vehicle segment.

Hero Eco, the newly formed umbrella entity by Vijay Munjal-led companies that include Hero Electric, Hero Exports, Hero Cycles, Mediva, Winn and Hero Ecotech, plans to invest Rs450 crore in the next five years across businesses.
The company is also planning to set up an electric vehicle facility in North America within the next 18 months.

"Hero Eco has acquired Ultra Motors in UK. This will give us an exposure to all the markets where Ultra Motors were present and will strengthen Hero's brand globally," Hero Eco Managing Director Naveen Munjal said. He, however, declined to share the value of this acquisition, citing confidentiality of agreement. "Ultra Motors has 3 plants and is present in 6 countries with sales networks in 22 nations across the globe. This all will come under Hero Eco now," Munjal said.

Earlier, Hero Electric had a tie-up with Ultra Motors for Indian operations, but it fell apart later. The foreign firm had closed shop here about two years ago. Ultra Motors currently has its main manufacturing plant in Taiwan and has two contract assembly plants in China.

"Eventually, the contract manufacturing activities of the two Chinese plants will shift to India. However, it will take at least 6-8 months to proceed in that direction," Hero Eco Chief Executive Officer Sohinder Gill said.

On the new group entity, Hero Eco Chairman Vijay Munjal said the new brand identity will integrate all its different verticals.

"With the new identity, we will be foraying into high-end bicycles in India under a new brand Winn. We will also expand our medical equipment business under Mediva brand in a big way," he added.

The Rs450 crore Hero Eco is aiming for a group turnover of Rs1,500 crore in the next five years, Naveen Munjal said. "To expand our all businesses, we will be investing Rs 450 crore in the next five years. We will be setting up a new electric vehicle plant in North America in the next 18 months," he added.
Besides, the group will also set up a bicycle unit in India within next 18 months, he said. Currently, Hero Eco has all its manufacturing facilities in Ludhiana. While it produces 65,000 units of electric 2-wheelers, 9 lakh bicycles are rolled out every year.

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Make nominations and will in favour of same person says Vimal Punmiya

Speaking at Moneylife Foundation’s 100th seminar, Mr Punmiya, advised that to avoid confusions,...

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