Tata Motors’ Sanand Plant in Gujarat, India, celebrated a significant milestone, reaching the production landmark of 1 million cars. The plant, which was established around 14 years ago to manufacture small cars, has evolved into a key facility for producing electric vehicles (EVs) and factory-fitted compressed natural gas (CNG) cars. According to Shailesh Chandra, Managing … Read more
MUMBAI: Adani Ports & SEZ is splitting the position of chairman and managing director. Gautam Adani will retain the chairman’s role and his son, Karan (36), will become the MD of the country’s largest port operator. Adani Ports has roped in former global COO of Nissan, Ashwani Gupta, as CEO of the company. Gautam is … Read more
Korean auto major Kia Tuesday announced the appointment of Gwanggu Lee as the new Managing Director and CEO of its India operations with immediate effect. Lee succeeds will Tae Jin Park, who is retiring after a 36-year journey with Kia Corporation and 4 years with Kia India. With over 30 years of experience in the … Read more
HYDERABAD: The Enforcement Directorate (ED) on Thursday issued orders attaching Rs 161 crore worth of properties of Sahiti Infratec Ventures India Private Limited and its managing director, B Lakshminarayan, former director, S Purnachandra Rao, their family members and related entities in the alleged real estate scam. ED initiated attachment proceedings under the Prevention of Money … Read more