- Mahindra & Mahindra to halt production for up to 3 days in JanuaryTata Steel India Q3 sales up 9.4 pc to 2.06 million tonnesTata Steel opens UK's largest steel plate centreFIIs see turnaround in Indian economy, raise holdings in blue chips, Larsen & Toubro, Tata Steel, Hindalco in list
Hit by slowdown in the domestic automotive market, utility vehicle maker Mahindra and Mahindra on Saturday said it will stop production for up to three days this month at its automotive factories to align output with sales requirements. "The management does not envisage any adverse impact on availability of vehicles in the market due to adequacy of vehicle stocks to serve market requirements," the company said. The company has facilities in Chakan, Nashik and Haridwar. The company had announced in August that it will stop production at its automotive plants up to six days in the forthcoming months. The company has facilities in Chakan, Nashik and Haridwar. The announcement comes in the wake of declining sales. M&M reported 17.6% y-o-y fall in total passenger vehicle sales at 1,87,146 vehicles for April-December 2013.
Lowe Lintas & Partners is ad agency of the year
Advertising major Lowe Lintas & Partners was adjudged the 'EFFIE Agency of the Year' with six gold and five silver metals at the ‘EFFIE 2013 Awards' organised by the Advertising Club of India. Ogilvy & Mather India (O&M) bagged the ‘Grand Effie' award for its 'Roti campaign' for Hindustan Unilever (HUL)'s soap Lifebuoy, which was executed during the Kumbh Mela. HUL won the `EFFIE Client of the Year' award at the glitzy function. In the final tally, Lowe Lintas was ahead of the race for metals with 280 points, while O&M took the second spot with 130 points and McCann Erickson stood third with 60 points. Announcing the awards, Pratap Bose, president of the Advertising Club of India said, "This year we have received a record number of entries — 419, almost 20% more than last year. With these awards, we recognise work that works in the market place."
2nd case filed against Tata Steel MD for blast
On the basis of the report submitted by the Jharkhand labour department team, which probed last year's blast at Tata Steel’s gas holder unit in Jamshedpur, a second case was filed on Saturday at the chief judicial magistrate’s court against Tata Steel managing director TV Narendran in his capacity as ‘occupier’ and Suresh Kumar, the company’s deputy vice-president (shared services), in his capacity as ‘factory manager’, for violations under the Factories Act, 1948. The blast had left one person dead and 10 injured. The violations can draw a maximum imprisonment term of two years. The case was lodged by deputy chief inspector of