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Reuters: Tata Motors said late on Friday its group Chief Executive Officer Carl-Peter Forster has resigned with immediate effect, only 18 months after joining the company. Tata, India’s leading maker of trucks and buses and owner of the luxury Jaguar and Land Rover brands, said Forster resigned due to “unavoidable personal circumstances,” but will remain ...
The Association of Accounting Technicians Sri Lanka (AATSL) will hold a two-day international conference from September 27 to 28 at the Hotel Galadari Colombo. The inauguration will commence at 6.00 pm on 27th September and the theme of the conference will be “Confronting the New Economic Landscape.” “This theme has been chosen to address the ...
NEW DELHI (AFP) – US auto giant Ford has started construction on a US$1 billion (S$1.2 billion) manufacturing and engineering complex in India as it bets on the country to help drive global growth, a company statement said on Tuesday. The new manufacturing facilities in Sanand in the western state of Gujarat will create 5,000 ...
Oil futures fell on Friday as the market nervously awaited U.S. jobs data for new evidence on whether the world’s largest crude consumer can avoid recession. A storm blowing off the U.S. Gulf of Mexico provided modest price support after major oil and gas producers shut down platforms and evacuated workers to limit any damage. ...
President Mahinda Rajapaksa will inaugurate tomorrow the three-day Rotary South Asia Conference for Development and Cooperation hosted by Sri Lanka. The President will address the ceremonial inauguration on Sunday at 9 a.m. at Galadari Hotel whilst the conference will be held at Cinnamon Grand. Around 300 delegates and speakers of repute from the corporate and ...
Highly respected Managing Director and Editor in Chief of The Hindu N. Ram will be in town over the weekend to actively participate at the Rotary South Asia Conference on Development and Cooperation in Colombo from 4-6 September. Ram will moderate the first plenary session titled “Reaching within – Bonding South” on the inaugural day ...
DETROIT (Reuters): Toyota Motor Co showed off its all-new Camry on Tuesday, aiming to recover lost sales momentum with price cuts and a high-powered ad campaign for its flagship sedan that remains America’s best-selling car. Sales of the Camry are down 8 percent this year but it is still No. 1 in the United States ...
Exponential 575% rise in comparison to FY2010’s figure of Rs. 155 m; Posts Rs. 829 m net profit attributable to equity holders; Turnover more than doubles to Rs. 10.6 b FY2012 1Q revenue up 162% to Rs. 4.4 b; after tax profit up 257% to Rs. 368 m Assets worth Rs. 34.3 b, up from ...
Several big names in business, medicine and civil society spheres are coming to Sri Lanka to attend the Rotary South Asia Conference on Development and Cooperation in Colombo from 4-6 September. Overall around 300 delegates and speakers of repute from the corporate and state sectors from the South Asia region, comprising countries, India, Pakistan, Bangladesh, ...
WASHINGTON: Ford and Toyota announced on Monday plans to jointly develop a new hybrid system for light trucks and sport utility vehicles. The two companies, both leaders in the hybrid gasoline-electric car sector, said they aimed at bringing hybrid technology to pickups and SUVs “without compromising” what drivers expect from the more powerful, rear-wheel drive ...
Reuters: Emerging markets will not save the world if the West slides back into recession. In an interconnected global economy, decoupling is a beguiling myth. As fears mount that the developed world is shifting from slow growth to no growth, emerging markets seem to many economists better placed to weather the storm than they were ...
LOS ANGELES (Reuters): A popular boy wizard, comic-book heroes and some foul-mouthed women are leading Hollywood toward a record-breaking summer despite the sour economy and high unemployment resulting in tightened consumer spending. Underscoring the notion that movies are recession-proof, U.S. and Canadian ticket sales are expected to finish nearly 5 per cent higher than a ...
By an Independent Analyst The State Assembly of Tamil Nadu (TN) passed a resolution on 8 June 2011, requesting the Indian Central Government to push the international community against Sri Lanka towards imposition of ‘economic sanctions’. The resolution at the TN assembly moved by Jayalalitha as the Chief Minister passed unanimously with the ruling party ...