Farmers protest against land acquisition by Maruti
Farmers from Hansalpur village, the proposed site for the upcoming Maruti plant, on Tuesday staged a day-long dharna outside the collector's office in the city. They were protesting against the construction of a wall on the disputed 207-acre land. The dispute is over ownership of land, which, the villagers claim, was taken away from them at a throwaway price and given to Maruti. The case is expected to come up for hearing in the Gujarat High Court on Thursday, March 13.
2G, 3G rates will converge in future, says Vodafone
Betting big on 3G adoption with the increasing penetration of smartphone users, Vodafone India has said 2G and 3G tariffs will converge in near future, although there is little scope for further cut in 3G rates. As per the company, when it launched 3G services in 2010-11, the 3G tariffs were 6-7 times higher than 2G but this difference has now been reduced to just 1.5 times. "We brought down the 3G data prices around four months back and we except 2G and 3G prices will converge in near future," Vodafone India Business Head (Delhi) Subrat Padhi said here.
Two Godrej group cos ink pact for housing project
Realty major Godrej Properties has signed an agreement with group firm Godrej & Boyce to develop a premium housing project on the latter’s land parcel at Vikhroli in Mumbai. Godrej Properties, part of the Godrej Group, would act as development manager and get 10% of the total revenue generated from this project as service fee. In a statement, Godrej Properties announced it has entered into “an agreement with Godrej & Boyce to develop a new project on the latter's property on the Eastern Express Highway, Vikhroli, Mumbai.”
Car sales to grow by up to 9% in 2014, says JD Power
Car sales in India would be back on track and grow by up to 9% in the current year with leading manufacturers such as Maruti Suzuki and Hyundai Motor introducing new models to expand market share, global marketing information services company JD Power said. An expected improvement in buying sentiment after the general elections would also lift the car sales, it said. The introduction of new models, as well as improvement in buying sentiment after the general elections, would play a vital role in bringing back growth in the Indian passenger car market, the market research firm said.
MOIL net up 8.35% at