Companies & Sectors
Hitachi's second unit in Gujarat in-operable after fire

 

The major problem in controlling the fire at Kadi was vehicles had to be sent for refilling to other locations, and by the time they arrived back the cooling done had again turned into blaze

Ahmedabad: Consumer durable company Hitachi Home & Life Solutions on Thursday said its second unit at Kadi plant in Gujarat, which manufacturers air conditioners, has become inoperational after a major fire broke out there last night, reports PTI.
 
"The unit 2 has been gutted in fire and is in-operable now," Hitachi's Executive Director, Corporate Affairs, Amit Doshi said. No human casualty has been reported, he said.
 
"Last night there was a major fire at unit no. 2 at Kadi plant, Gujarat due to which it has become non-operational," the company said.
 
Adequate insurance of the plant has been made, the company added.
 
Meanwhile, the unit no. 1 at Kadi plant and the company's Jammu plant are 'operational'.
 
According to state fire officials, 22 fire fighting vehicles were rushed to the spot including 11 from Ahmedabad, which battled for around 10 hours to douse the fire.
 
Gujarat State Disaster Management's (GSDMA's) help was sought to mobilise fire fighting vehicles from nearby areas like Kalol, Gandhinagar, Mehsana.
 
Two fire fighters and a water tanker of ONGC were also called for help, a fire official said.
 
"The time has come to think about review of industrial sites in rural areas of Gujarat," Ahmedabad's Deputy Fire Officer Rajesh Bhatt said.
 
"The fire at industrial site in Kadi has brought to fore the requirement for having on the spot water refilling resources as per the requirements of fire fighting vehicles," he said.
 
The major problem in controlling the fire at Kadi was vehicles had to be sent for refilling to other locations, and by the time they arrived back the cooling done had again turned into blaze, he said.

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COMMENTS

Veeresh Malik

5 years ago

May be linked, but the electrical integrity of hitachi's products themselves are in doubt, and we have had to literally throw away a brand new Hitachi air-conditoner because the surge current draw is terribly high when switching it on.

HSBC probe: RBI looking into issues raised by US Senate

 

RBI is looking into the issue of non-compliance of anti-money laundering norms by the Indian staff of HSBC raised by a US Senate Committee

New Delhi: The Reserve Bank of India (RBI) is looking into the issue of non-compliance of anti-money laundering norms by the Indian staff of HSBC raised by a US Senate Committee, a senior Finance Ministry official said on Thursday, reports PTI.
 
"I am confident that RBI is looking at it (HSBC issue). I am aware of it. They are very conscious of the issue," Department of Financial Services Secretary DK Mittal told reporters.
 
He said the finance ministry would assist the RBI with the required inputs. "HSBC is a regulatory issue. It is for RBI to comment. If they need any input from us they will have to tell us," Mittal said.
 
HSBC's India staff have come under the scanner for deficiencies in their role as 'offshore reviewers' of the global banking giant's compliance to safety mechanism against money laundering and terrorist financing.
 
A probe by the US Senate's Permanent Sub-committee on Investigations found that HSBC's Anti-Money Laundering (AML) Compliance Department, which included employees in India, was highly inadequately staffed.
 
Besides, deficiencies were found in the quality of the work done by HSBC's "offshore reviewers in India", who were used for clearing a major backlog of suspected transaction alerts at the bank.

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PM must restore credibility, implement reforms says Tata

According to the Tata group chief, government action has been 'too little too late' as India has lost growth momentum over the past 12 months with investment confidence declining and inflation soaring

New Delhi: Tata group Chairman Ratan Tata has said that Prime Minister Manmohan Singh must restore government credibility and place the country on a growth path once again by implementing promised reforms, reports PTI.

 
The Chairman of the $100 billion conglomerate has also hit out at the Opposition, media and "some members of ruling party", saying it is "grossly misdirected" to single out the Prime Minister and blame him for the economic woes that the country is facing at present.
 
"Now is the moment in time our Prime Minister must break convention, restore government credibility, place the country on a growth path once again by implementing promised reforms, removing roadblocks to growth and controlling crony capitalism," Tata tweeted.
 
He said "government action has been too little too late" as India has lost growth momentum over the past 12 months with investment confidence declining and inflation soaring.
 
"...but to single out and blame the Prime Minister is grossly misdirected," Tata tweeted, saying he was "depressed to see the attacks on India" and "felt obliged to express my feelings".
 
Throwing his weight behind Singh, Tata said: "It is sad and unfortunate that in the past few months the Opposition, the media, some private citizens and even some members of the ruling party have mercilessly spoken and written about our Prime Minister -- a person who was the architect of the '91 reforms, which brought economic prosperity and international recognition to our country." 
 
They have also chosen to overlook the fact that this warm-hearted Prime Minister has led our country with great personal dignity and integrity, Tata added.
 
Instead, Tata said: "We should also recognise the enormous damage done by political infighting; the single minded goal of the Opposition to topple the government; the allegations, accusations of corruption of illegal acts which have brought almost all government action to a standstill." 
 
Turning his ire to the media, Tata said: "We should be concerned about unconfirmed sensationalised stories in the media to sell publications..." 
 
Recently, the 'Time' magazine had termed Singh as an "underachiever", while UK-based 'The Independent' had wondered if he was "India's saviour or Sonia's poodle".
 
Tata also said the country must be concerned about "the manipulation of policy by power brokers and vested interest groups to meet their self serving desire to continue protection".
 
Asking Indians to support Singh, Tata said: "He deserves the support of the people of India at this critical time. All eyes are on him here and overseas in what could be his 'finest hour' in leading the country to economic prosperity again. He will need to act boldly, to be courageous and to do "the right thing".
 
"For the sake of the country, we all hope he will," Tata said.

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COMMENTS

Rajkumar Singh

5 years ago

"Please read The as I"

Rajkumar Singh

5 years ago

"Please read The as I"

Rajkumar Singh

5 years ago

The support the following statements, of Ratan Tata:

1)"It is sad and unfortunate that in the past few months the Opposition, the media, some private citizens and even some members of the ruling party have mercilessly spoken and written about our Prime Minister -- a person who was the architect of the '91 reforms, which brought economic prosperity and international recognition to our country."

2) "We should also recognise the enormous damage done by political infighting; the single minded goal of the Opposition to topple the government; the allegations, accusations of corruption of illegal acts which have brought almost all government action to a standstill."

3) Turning his ire to the media, Tata said: "We should be concerned about unconfirmed sensationalised stories in the media to sell publications..."

Recently, the 'Time' magazine had termed Singh as an "underachiever", while UK-based 'The Independent' had wondered if he was "India's saviour or Sonia's poodle".

Tata also said the country must be concerned about "the manipulation of policy by power brokers and vested interest groups to meet their self serving desire to continue protection".

4) Asking Indians to support Singh, Tata said: "He deserves the support of the people of India at this critical time. All eyes are on him here and overseas in what could be his 'finest hour' in leading the country to economic prosperity again. He will need to act boldly, to be courageous and to do "the right thing".

"For the sake of the country, we all hope he will," Tata said.

AND THERE IS NO DOUBT ABOUT IT!

madhav ranade

5 years ago

in 1991 .... he had the PM to back him .... now he himself is the PM ..... PM WITHOUT BACKBONE ...

a poodle really ......

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