Companies & Sectors
September car sales flat; commercial vehicles on upswing

While two-wheelers maintained their growth in September, domestic car sales remain muted owing to the 15-days shraddha period after Ganesh visarjan

 

September 2014 turned out to be a good month, especially for commercial vehicle sales and three-wheelers. While two-wheelers maintained their growth, domestic car sales remain muted owing to the 15-days shraddha period between Ganapati visarjan and Navratri.

 

According to data released by the Society of Indian Automobile Manufacturers (SIAM), domestic passenger car sales declined 1.03% to 1.55 lakh units in September from 1.56 lakh units in the year-ago month. Motorcycle sales rose 19.34% to 10.57 lakh units from 8.85 lakh in September 2013.

 

Goods carrier from both medium and heavy commercial vehicle (MHCV) segment as well as three wheelers witnessed strong sales in September. While sales for goods carrier in MHCV rose 28% to 16,512 units, the same in three wheeler category was up 13% to 8,919 units compared with a year ago period.

 

Sales of light commercial vehicles (LCVs) rose 8.59% to 56,140 units in September, SIAM said. The total two-wheeler sales in September rose 23.81% to 15.67 lakh units.

 

Vehicle sales across categories registered an increase of 20.44% to 19.04 lakh units from 15.81 lakh units in September 2013, the industry body said.

 

 

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Coalgate Scam: Court summons former secretary HC Gupta, others

The special court issued summons to Gupta, two other serving government officials, Kamal Sponge Steel and Power, its managing director Pavan Ahluwalia and senior official Amit Goyal

 

A special court on Monday rejected the closure report of Central Bureau of Investigation (CBI) and summoned as accused former Secretary for Coal HC Gupta, two government servants, Madhya Pradesh (MP)-based Kamal Sponge Steel and Power Ltd and its officials in a coal blocks allocation scam case.

 

Special Judge Bharat Parashar took cognisance of the offences of criminal conspiracy, cheating and criminal breach of trust by public servant under the IPC and under the provisions of the Prevention of Corruption Act.

 

"I am taking cognisance for the offences under sections 120B, 420 and 409 of the IPC and also under sections 13(1)(d) and 13(2) of the Prevention of Corruption Act. I am summoning the accused," the judge said, adding that a separate order will be followed.

 

The court issued summons to Gupta, two other serving government officials, Kamal Sponge Steel and Power, its managing director Pavan Ahluwalia and senior official Amit Goyal and directed them to appear before it on 31st October.

 

The court directed the investigating officer to get the summons served to all the accused and also asked him to complete the documents to be given to the accused before the next date of hearing (October 31).

 

The court passed the order while rejecting the closure report filed by CBI in the case in which Kamal Sponge Steel and Power Ltd, its directors, Pavan, Kamaljeet Ahluwalia, Prashant Ahluwalia, Amit and some unknown government servants were named as accused for allegedly misrepresenting facts, including inflated net worth, to acquire coal blocks.

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Hong Kong Protests: Anonymous hackers release data from Chinese govt sites

Anonymous took the action shortly after the Chinese government denounced the group’s threat of cyber-attacks, which were apparently in support of the Hong Kong protesters

 

The ‘Anonymous’ group of computer hackers had followed up on its threat made to release data from Chinese government Web sites in support of the pro-democracy protests in Hong Kong.

 

The group released hundreds of phone numbers and e-mail addresses of the Ningbo Free Trade Zone in Zhejiang province and a job-search site run by the Changxing county administration also in the coastal province, Hong Kong-based South China Morning Post reported on Monday.

 

Anonymous took the action shortly after the government denounced the group’s threat of cyber-attacks, which were apparently in support of the protesters. The data also included individual IP addresses and names.

 

The Chinese Foreign Ministry said earlier that the threat shows that China is a victim of cyber assaults and faced a major threat from international hacker groups. It was not immediately clear why the two Web sites were targeted.

 

Anonymous said it had already infiltrated more than 50 mainland government databases and leaked 50,000 user names and e-mails, saying it was fulfilling the promises to “stand and fight alongside the citizens of Hong Kong’’.

 

The group had earlier targeted Hong Kong sites after issuing a first warning on 2nd October.

 

In a public video message, Anonymous declared ‘cyberwar’ on the government and police force for the use of tear gas against demonstrators, the Post report said.

 

Anonymous made some sites either inaccessible or intermittently accessible on 3rd October.

 

Michael Gazeley, managing director of security service provider Network Box, said it was difficult to judge “whether (the earlier attacks) really are (the work) of Anonymous to start with” because Anonymous is a loosely associated group, the Post report said.

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