Maruti Suzuki to set up stockyard facility in Nagpur

Maruti Suzuki would be establishing stockyards region-wise so that there would not any delay in delivery of the vehicles

Chennai: To reduce the transit time and increase delivery of vehicles, India's largest car-maker Maruti Suzuki would set up its stockyard facility in Nagpur, a top company official said on Thursday, reports PTI.

"We will be setting up one in Nagpur soon..", Maruti Suzuki India Managing Executive Officer (Marketing and Sales) Mayank Pareek told reporters here.

Asked whether the delivery of its latest sedan DZire would be increased with the setting up of stockyard, he said "We are only producing 8,000 units in our plant. We should be increasing the production.. This stockyard would help to reduce the transit time of other products..", he said.

Currently, delivery of DZire takes up to three to four months.

He said stockyard would be established region-wise so that there would not any delay in delivery of the vehicles. "We just opened one in Bangalore.. (for southern region). We will be setting up one in Nagpur soon..", he said.

Mr Pareek and senior company officials were here to launch the new DZire at Tamil Nadu market.

The new DZire has at least 150 new features compared to the existing model.

The petrol variant is priced at Rs 4.77 lakh to Rs 6.20 lakh (ex-showroom Chennai) and the diesel variant from Rs 5.82 lakh to Rs 7.12 lakh (ex-showroom Chennai).

Maruti Suzuki reported a 5.18 per cent rise in sales in January at 1,15,433 units. The company had sold 1,09,743 units in the same month last year.

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ICAI preparing report on Indian black money in foreign banks

ICAI is preparing a report on those who have stashed black money in foreign accounts and will soon submit it to the Ministry of Finance for further action

Rajkot: The Institute of Chartered Accountants of India (ICAI) on Thursday said it was preparing a detailed report on the Indian black money stashed away illegally in foreign banks, reports PTI.

"ICAI is preparing a report on those who have stashed black money in foreign accounts and will soon submit it to the Ministry of Finance for further action," ICAI president G Ramaswamy told reporters.

He was speaking on the sidelines of the foundation stone laying ceremony of the ICAI's proposed building at 150 ft Ring Road here.

Observing that the country is facing a huge crunch of chartered accountants to meet global challenges, Mr Ramaswamy said, "India's economy is growing up and we have around 1.75 lakh chartered accountants which is not enough to meet the growing demand".

The US is facing economic slowdown and India is the only country which can compete with China. And in such circumstances the country needs more and more chartered accountants, he said.

Observing that Gujarat's economy is growing at a rapid pace, the ICAI chief said the regulator's objective was to provide state-of-the-art coaching to students willing to become chartered accountant.

"Gujarat's economy is growing at rapid pace and Rajkot is an important city and we want to have infrastructure to provide coaching as we have large number of chartered accountancy students from the city," he added.

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Don't see much impact on customer, auction preferred says TRAI

According to the regulator, affected subscribers will have option to port out through MNP and it will instruct operators to inform their subscribers and come out with advertisement

New Delhi: The Telecom Regulatory Authority of India (TRAI) on Thursday said there will not be much impact on customers due to cancellation of 122 2G licenses of eight companies, as around 95% of total subscribers belong to operators which got licences before January 2008, reports PTI.

"The Supreme Court judgement will be implemented. Customers will not be impacted from the cancellation of licences as around 95% market share is of those who got licences before January 2008," TRAI Chairman JS Sarma told reporters.

He added that subscribers have the option to port out using mobile number portability (MNP). "Subscribers have option to port out through MNP. We will instruct operators to inform their subscribers and come out with advertisement," Mr Sarma said.

On chances of tariff hike due to expected high price of spectrum, Mr Sarma said that TRAI is alert and will keep a watch on the situation.

The companies that are set to lose on account of the cancellation of the licences are: Uninor (joint venture between Unitech and Telenor of Norway), Loop Telecom, Sistema Shyam (joint venture between Shyam and Sistema of Russia), Etisalat DB (joint venture between Swan and Etisalat of UAE), S Tel, Videocon, Tatas and Idea.

With cancellation of these licences, over 500 Mhz spectrum will be available for auction.

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COMMENTS

Shiva Doshi

5 years ago

When we think of mobile communication there are a few images that flash in ones mind: one of the ongoing saga of telecommunication scandals, an image of people constantly talking on mobile phones and another of catchy advertisements inundating all forms of media. What gets hidden behind the curtain is the irreversible socioeconomic transformation of our society, hidden costs and benefits, changes in trade and foreign relations and most importantly the immense future possibilities. Here is an interesting perspective on the future of mobile technology in India. http://www.youthkiawaaz.com/2011/12/the-...

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