Volvo Buses

Photo: Volvo Buses

Volvo Eicher CV Acquires Volvo Group India's Bus Business

Eicher Motors on August 13 said its subsidiary Volvo Eicher Commercial Vehicles (VECV) is acquiring Volvo Group India for Rs 100.50 crores to manufacture, assemble, distribute, and the sale of Volvo buses in India. They will also be looking into providing services and spare parts. The manufacturing plant at Hoskote, Bangalore, and employees of VBI will be transferred to VECV.

Thu, 13 Aug 2020 - 07:14 PM / by D. RamaKrishnan

You May Like

ED Vs Xiaomi

ED Seizes Rs 5,551.27 Crore From Xiaomi India

The Enforcement Directorate (ED) on September 30, seized Rs 5,551.27 crore from Xiaomi Technology India Pvt Ltd, confirmed authority appointed under Section 37A of the Foreign Exchange Management Act (FEMA). This is considered as the highest… read-more

TAGS: ED, Xiaomi India, Foreign Exchange Management Act, Chinese Companies, business

Nitin Gadkari

Nitin Gadkari Speaks About 6 Airbags Mandatory For Cars To Avoid Crashes

The Union Minister for Road, Transport and Highways Nithin Gadkari spoke about bringing 6 airbags mandatory in India.  Addressing the media, Gadkari said, ""A draft notification has been issued on January 14, 2022, which mandates that vehicles of… read-more

TAGS: Indian government, Nitin Gadkari, Road Mishaps, accidents, Airbags For Cars

Reserve Bank of India

RBI Imposes Fines On 5 Cooperative Banks For Irregularities

The Reserve Bank of India has imposed penalties on five cooperative banks, on September 5. The penalty of Rs 25 lakh has been imposed on The Karnataka State Co-operative Apex Bank, Rs 15 lakhs on Thane Bharat Sahakari Bank Limited, Rs 5 Lakh Rani… read-more

TAGS: Irregularities, Cooperative Bank, RBI, penalty, business

US Dollar-Rupee

Rupee Appreciates By 36 Paise At 79.17

In the closing market trend, the rupee appreciated by 36 paise to Rs 79.17 against US Dollar, on September 13.he dollar index, which measures the greenback's strength against a basket of six currencies, fell 0.40 per cent to 107.89. In addition,… read-more

TAGS: BSE, Sensex, Nifty, US Dollar, Rupees

US Dollar-Rupee

Rupee Hit All Time Low With 44 Paise Fall, Currently At 81.13 Against USD

In the trade market, the rupee fell to an all time low by 44 paise to 81.13, against the US dollar, on September 23. With depriciation, at the interbank foreign exchange, the rupee opened at 81.08 against the greenback, then fell further to 81.23… read-more

TAGS: US Rupee, Investment, INDIAN MARKET, International Market, All Time Low

spicejet

SpiceJet Flight Returns To Delhi Mid-Way Amid Autopilot Snag

A SpiceJet flight travelling between Delhi-Nashik, turned midway after a malfunction in the autopilot's system of Boeing-737, on September 1. The flight, VT-SLP SpiceJet took off from Indira Gandhi International Airport, when it had to return to… read-more

TAGS: Flights, SpiceJet, Airlines , Autopilot snag, Indian Airlines