“We would seriously be evaluating options in Karnataka iron-ore mines. We have a big piece of land already with us, close to our mines (in Karnataka),” Vedanta’s Electrosteel CEO Pankaj Malhan said. The company has finalised two plans for now. The first is debottlenecking existing assets and the second is to look into growth projects.
The Trusts has separately appointed N Srinath, a Tata group executive as the CEO of Tata Trusts is significant as it will fill a crucial vacancy caused by the resignation of managing trustee R Venkataramanan from the Tata Trusts in March 2019. The post of the CEO is newly created.
Policy makers must decide if cars should be a major driver of manufacturing and job growth or if the country should rely on other products, Maruti Suzuki chairman RC Bhargava said.
Guenter Butschek, MD, Tata Motors, says he has done “lots of crazy things” in his career and expediting his company’s electric vehicles programme was probably the craziest, but it eventually has paid off. The commonality of vehicle platforms at Tata Motors will similarly start paying off now, he said.
Pramit Jhaveri, reputed for turning around Citi India, may join Sir Dorabji Tata Trust.
The tyre industry in India has seen its growth momentum getting arrested due to a slowdown in the sales of vehicles, which has led Cear to defer some of its planned capital investment but they still see an opportunity in export.
"Why are companies like Amazon and Alibaba adding extra aircraft and flying everywhere, right? If there’s a decline in international trade, I think the traditional measurements such as those of GDP are not sufficient anymore," Ken Allen said.
What we need to fix is to become a sustainable brand on two counts. One, is to work on the accessibility of our products. That is India 2.0 at its best, because we will have a localisation of up to 93%.
Cyrus Mistry had allegedly promised to relinquish Irish citizenship, but didn’t follow up on it.
Thapar lost control of his flagship business to a private equity investor and his mortgaged home in Delhi to a private bank. “From day one, I have maintained that I am not a beneficiary to any of the transactions,” he said, denying the allegations of funds being siphoned out of CG Power.
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