Manish Sabharwal

The second secession


Manish Sabharwal

Briefly Business: Honda plans six more facilities by 2020

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Honda plans six more facilities by 2020

New delhi: Honda aims to build five to six more two-wheeler units in India by 2019-20, raising its annual production capacity by over three-and-half times to 10 million units.

Mylan to buy SMS Pharma production

New delhi: US generic firm Mylan will buy a part of Hyderabad-based SMS Pharma for Rs 173 crore ($32.50 million).

Hyundai workers to get up to R13K hike

New Delhi: Hyundai Motor India has said it will hike salaries of workers at Chennai plant by up to Rs 13,000 under a three-year wage settlement agreement.

KFA needs to reply to DGCA notice by today

Mumbai: Kingfisher Airlines is running out of time to keep its flying licence intact. Sources in the DGCA said that the airline will need to reply by Friday (October 19) to a show-cause notice sent on October 5 asking the airline why its licence should not be revoked.

Google earnings leak early, stock plunges

NEW YORK: Google's stock plunged suddenly on Thursday afternoon after it released its third-quarter earnings report early, apparently by mistake. The company's stock fell $68.19, or 9 per cent. Google said it earned $2.18 billion during the quarter compared with net income of $2.73 billion last year.

Apple loses appeal against Samsung

london: Apple lost a British court appeal on Thursday against a ruling that Samsung's Galaxy tablet is not "cool" enough to be confused with iPad.

China's growth slows to 7.4 per cent

Beijing: China's economic growth tumbled 7.4 per cent, the lowest in more than three years, in the latest quarter but retail sales and investment improved.

ACC Q3 net jumps 52% to R242 crore

Mumbai: Cement maker ACC — controlled by Holcim of Switzerland — has reported a 51.89 per cent rise in its consolidated net profit during the third quarter at Rs 242 crore.

... contd.

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