ABB faces EU penalties for alleged cartelisation
The European Commission (EC) is likely to impose heavy penalties on multinational Asea Brown Boveri (ABB) and a group of other heating-pipe makers for allegedly creating a cartel to shut out competition.

Systems upgrade to aid Colgate cut inventory
The working capital and inventory levels of Colgate-Palmolive (India) Ltd are likely to be reduced following the installation of a SAP integrated software and the setting up of a regional distribution centre by the FMCG-major, according to analysts.

GM sales dipped, Ford's rose in September
General Motors Corp said its car and truck sales fell in September as it tried to recover from last summer's strike, while Ford Motor Co reported higher sales, ending a mixed month for major automakers.

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  Marketplace Briefing
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