IT Update
Ford Motor close to Daewoo takeover Ford Motor Co on Thursday was named the sole bidder in negotiations to buy ailing Daewoo Motor, in what may mark the first time one of Korea's manufacturing crown jewels is sold off to a foreign company. Bajaj Auto opts for 5-day week Declining market trends have finally forced two-wheeler giant Bajaj Auto Ltd to announce a five-day week at its scooter plant at Akurdi in Pune. This is the first time in the history of the company that the six-day Bombay Stock Exchange settles June futures Bombay Stock Exchange (BSE) announced the settlement of the June series of index futures on Thursday. There were 1946 contracts for the June series valued at Rs 46.27 crore on BSE. IDBI puts on hold its move to offer fresh funds to Essar Oil Industrial Development Bank of India (IDBI) has deferred taking a final decision on providing funds up to Rs 350 crore for Essar Oil's 10.5-million-tonne Vadinar refinery project. Ratan Tata will call it a day after two years Tata group chairman Ratan Tata has said he will retire after two years at the age of 65 from the executive position, and indicated he might not nominate a successor.
Ford Motor close to Daewoo takeover
Bajaj Auto opts for 5-day week
Bombay Stock Exchange settles June futures
IDBI puts on hold its move to offer fresh funds to Essar Oil
Ratan Tata will call it a day after two years