Companies & Sectors
Tata Motors unveils six heavy duty trucks; says diesel hike concern for truckers

Noting that there is a lot of competition in the transport business, Tata Motors said, though transporters are concerned about the steep hike in diesel prices, their ability to pass this on to clients depend on the market

Mumbai: India's largest vehicle maker Tata Motors on Monday said the recent steep diesel price hike is a matter of concern for transporters but termed the move as a significant part of the reform measures essential for the economy, reports PTI.
"Transporters are very concerned; it is a large increase on a single day. But their ability to pass on the hike to their clients would depend on the market. If it remains the way it has been in the first half, it would be difficult," Ravi Pisharody, executive director for commercial vehicles at Tata Motors told reporters after launching six new heavy trucks.
Noting that there is a lot of competition in the transport business, he said it is the load factor that makes the industry viable.
"They are looking at that. If the load factor goes up as we are seeing some improvement particularly in September and the government's reform agenda picks up steam, then there will be an increase in transportation of goods which will in turn lead to investment in infrastructure and the resultant increase in load factor," he said.
He said that Tata Motors expects a 15-20% surge in its commercial vehicles sales in the second half over the first half and pointed out that traditionally the second half is stronger, particularly the last quarter.
"However, for the full year, we are likely to end up with slight decline in the MCV and HCV sales," he said.
The company launched six new heavy and medium trucks and an intelligent vehicle and driver management solution called Tata FleetMan Telematics Services.
The top-end version of the Tata Prima range has now been further extended with the launch of two new engine capacities of 380HP & 230HP.
The company did not give the price details of any of the new models.
To a equation on price increase for the commercial vehicles, Pishrody said there is no plan at least for the next two-three months as the company has already revised the prices in the first and second quarters.


High Court asks BCCI to maintain status quo on Deccan Chargers

The Bombay High Court directed to maintain status quo and said no further action can be initiated against Deccan Chargers team till the next hearing

Mumbai: In a minor relief to the beleaguered Deccan Chargers, the Bombay High Court on Monday directed the Board Of Control For Cricket In India (BCCI) to maintain status quo regarding the termination of the Indian Premier League (IPL) franchise, owned by Deccan Chronicles Holdings Ltd, reports PTI.
Deccan Chronicles had approached the High Court on Saturday challenging the decision taken by BCCI in Chennai on Friday at its emergency IPL Governing Council meeting to terminate the contract of the cash-strapped Deccan Chargers.
According to Deccan Chronicles petition, the decision of BCCI was illegal and bad in law. It further sought for interim relief from the High Court to stay the termination on the grounds that BCCI was already planning to invite tenders for the team from Hyderabad.
BCCI, however, informed the High Court that it was not inviting tenders for Deccan Chargers team.
"The BCCI intends to invite tenders for new teams for cities like Ahmedabad, Vizag (Visakhapatnam) and Coimbatore. No new tenders are going to be called for Deccan Chargers now," the affidavit stated.
Justice SJ Kathawalla today posted the matter for further hearing on 24th September and directed for status quo to be maintained and no further action to be initiated against Deccan Chargers team.
According to BCCI, it had made every effort to save the beleaguered franchise which also rejected the sole bid that was received at the auction held in Chennai on 13th September.
"BCCI was compelled to hold an emergency meeting of the IPL governing council late Friday evening to discuss certain developments due to Deccan Chargers' default," Board Secretary Sanjay Jagdale had said in a press release.
Jagdale had further stated that the governing council took note of the sudden change by the franchise and also the fact that any further extension of time would seriously jeopardise the interests of the players.
Deccan Chronicles Holdings had received a bid of Rs900 crore by PVP Venture Capitals but surprisingly chose to reject it at the auction as it considered the price and terms unsuitable.


Modi says Rahul an international leader, can contest in Italy too!

Narendra Modi, once again targeting the Gandhi family over the foreign origin of Sonia Gandhi, said her son Rahul is not a national leader but an international leader and he can contest elections in India as well as in Italy

Rajkot/Patna: Taunted by Congress that Rahul Gandhi had a national stature while he was a state leader, Gujarat Chief Minister Narendra Modi on Monday took a swipe at the party, saying the young leader was an "international leader" who can also contest elections in Italy, reports PTI.
Raking up the issue of foreign origin of Congress President Sonia Gandhi again, the Bhartiya Janata Party (BJP) stalwart, who spent his 62nd birthday on Monday continuing his month-long campaign in poll-bound western Indian state of Gujarat, also said he was proud to be a regional leader of the state.
Eastern Indian state of Bihar's Chief Minister Nitish Kumar, who has steadfastly opposed making Modi a prime ministerial candidate in the next Lok Sabha (Lower House) elections, also greeted his Gujarat counterpart and wished him a long life. The forthcoming Assembly polls is expected to be a new arena for a Modi-Nitish faceoff.
"Recently a Congress leader made a statement that Rahul Gandhi is a national leader of Congress and I am a regional leader. I am happy to be a leader of Gujarat but I do not agree to consider Rahul as national leader," Modi said, addressing Swami Vivekananda Youth Convention in Rajkot.
"I am proud to be a regional leader of Gujarat. Rahul is not a national leader but an international leader and he can contest elections in India as well as in Italy," Modi said, once again targeting the Gandhi family over the foreign origin of Rahul's mother.
Congress spokesperson Rashid Alvi had last week made the comment when he was asked whether the forthcoming election in Gujarat will be a "Modi Vs Rahul" battle. He had said comparison cannot be made as Rahul is Congress's national leader while Modi is regional leader of Gujarat.
Congress general secretary Digvijay Singh also on Sunday described Modi as a regional leader and Rahul a national one.
Modi's birthday was celebrated by the BJP in Bihar with a state minister from the party cutting a cake at its office in Patna.
Animal Husbandry and Fisheries Minister Giriraj Singh cut a 62-kg cake during the occasion celebrated under the banner of the Narendra Modi Fans Association (NMFA). Singh has publicly backed Modi's candidature as the BJP's prime ministerial candidate.
Alleging that the UPA government is deceiving people, Modi criticised the Manmohan Singh government for not fulfilling promises made in Congress election manifesto in 2004.

"In 2004, Congress in its manifesto had promised to give job to one crore youths but according to a report issued by the Government of India, Gujarat is the leader in giving jobs with 72% of share," Modi said addressing a large gathering of youths.

"I want to ask a question to UPA government and its Prime Minister that if you are not able to fulfil your promises then why do you make them...only to deceive people?" he asked.

Modi again slammed the UPA over FDI in retail in India and said the government's policy would prove fatal for Indian retailers.

"The UPA's policy of foreign trading (FDI in retail) in India would prove to be fatal and Gujarat has opposed the policy to ensure the security of retailers in the state," he said.

He also condemned the Prime Minister's "silence and soft approach" to national issues and said, "In the last eight years, Singh has held his head high only twice, first time while signing the nuclear treaty with the US and second time giving permission to foreign trading in India, and both the times he worked for the benefits of foreign governments."

On his birthday on Monday, Modi also made several announcements including giving taluka status to Vinchhiya town of Jamnagar district and increasing age restriction from 25 to 28 and 28 to 30 for recruitment in state government offices.

Olympics medallist Gagan Narang, cricketers Cheteshwar Pujara, Ravindra Jadeja, Jaydev Shah and BCCI vice president Niranjan Shah were among those present at the youth convention.


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