JLR to generate 4,500 jobs in UK
Tata-owned Jaguar Land Rover plans to generate 4,500 manufacturing and engineering Jobs in London over the next five years, JLR executive director Mike Wright has said. “We are investing in products. In the next five years, we will generate 2,500 manufacturing jobs and 2,000 engineering jobs," Wright said at a conference on India-UK Partnership on reviving economic growth. Describing JLR as the largest employer in the UK in the automotive sector, Wright said, “Our business plan is to grow significantly. We are now a global player with 85% of our revenue coming from exports.”
L&T Metro Rail shortlists 4 vendors
L&T Metro Rail (Hyderabad), the concessionaire of the Hyderabad Metro Rail project, has shortlisted four vendors for supply of rolling stocks. The vendors include Bombardier, Hyundai Rotem-BEML, CAF, a Spanish company and CSR, a Chinese firm company. The final vendor is expected to be decided early next month. It has also completed the land buy for the project. “We are in the final stage of discussions with selected vendors for signal and telecommunications, rolling stock, automatic fare vendors among others. In the process, we have shortlisted four vendors for rolling stock and the final vendor will be known by July,” said VB Gadgil, CEO & MD of L&T Metro Rail (Hyderabad).
Frost: Generics mkt to touch $231 bn in ’17
Despite concerns of rising price pressures in the regulated markets, such as the US and Europe, for Indian makers of generics or copycat drugs like Cipla, Sun Pharma, Ranbaxy, Dr Reddy's Labs and Lupin, the prospects remain bright over the long haul. The global generics market earned revenues of $123.85 billion in 2010 and is estimated to reach $231 billion in 2017 at a compound annual growth rate (CAGR) of 9.29% from 2011 to 2018, says consulting and research firm Frost & Sullivan in its report, Generic Pharmaceuticals Market–A Global Analysis.
CNG variant of Maxximo launched
Auto major Mahindra & Mahindra on Friday launched a CNG variant of its mini-truck, Maxximo, priced at R3.99 lakh (ex-showroom Delhi). The company is targeting transporters and corporate segment with the new product. “Mahindra is committed towards sustainable mobility and the environment. The launch of Maxximo CNG is one more step in that direction,” said Mahindra & Mahindra senior vice-president, marketing (automotive sector), Vivek Nayer.
Telecom equipment industry revenues dip
The Indian telecom equipment industry posted marginally lower revenues of R1,13,188 crore in 2011-12