As the leisure motorcycle culture in India becomes stronger, the enthusiasts have another reason to rejoice. The Fat Bob, among Harley-Davidsons most celebrated bikes, was launched in India on Wednesday. Assembled at the companys Bawal facility, Haryana, this new addition from the Dyna family expands Harley-Davidson Indias portfolio of CKD models to six. Priced at R12.8 lakh, the Fat Bob will be available at all nine Harley-Davidson dealerships across the country. Speaking at the launch, Anoop Prakash, MD, Harley-Davidson India, said, The launch of the Fat Bob will allow more customers to experience our Dyna range at an attractive price point. The Fat Bob will be available with an air-cooled, twin-cam 1,685cc engine delivering 126Nm@3500rpm of peak torque, mated to a six-speed cruise drive transmission.
Vasudeva is Aurobindo Pharmas new CEO
Aurobindo Pharma has appointed Arvind Vasudeva as chief executive officer (Formulations) with immediate effect. Prior to joining Aurobindo, Arvind Vasudeva served as Chief Operating Officer at Glenmark Pharmaceuticals and was instrumental in the growth of the company. He also served as managing director of RPG Life Sciences, where he is credited in transforming the company into profitable operations. Prior to RPG Life Sciences, he served as President - Indian operations as well as Japan and ROW markets in Wockhardt.
NTPCS 1,600-MW Orissa project to start by Jan
NTPC chairman-cum-managing director, Arup Roy Choudhury, said on Thursday that the work for the 1,600 MW ( 2X800 MW) coal-fired power project in Orissa would commence by January next year. The state government has assured us today to hand over the entire required land by December this year and, in that case, would be able to start work on the project by the new year, Choudhury said after a meeting with chief minister Naveen Patnaik on Thursday. The first unit of the project would to synchronised in 4 years time, he added. NTPC CMD, along with Bhel chairman KV Rao, met the CM in the presence of state chief secretary BK Patnaik, energy secretary Pradeep Kumar Jena and principal secretary (finance) Jugal Kishore Mohapatra. He discussed about the problem being faced by the company in implementing the project. Choudhury pointed out that the acquisition of 35 acre forest land is critical for starting the project work.
BPCL refinery expansion gets MoEF approval
The integrated refinery expansion project (IREP) of Bharat Petroleum Corporation Limited (BPCL), to be implemented at Kochi Refinery, has received the clearance of the ministry of environment & forests, company sources said. BPCL Kochi Refinery presently has a refining capacity of 9.5 million tonne per annum (MMTPA) and the expansion would take the refining capacity to 15 MMTPA by 2015.
VLCC buys majority stake in Malaysias Wyann Intl
Wellness and beauty company VLCC on Thursday said it has acquired a majority stake in Malaysia-based Wyann International for an undisclosed amount. VLCC, which already has direct company managed operations in various countries across South Asia and the West Asia, has acquired a majority stake in Wyann International, VLCC said in a statement. Kuala Lumpur-based Wyann International owns and operates a chain of 22 slimming and beauty outlets across Malaysia offering specialist services and innovative products through its established Bizzy Body, Facial First and masculine brands. We are very excited by this opportunity, which is not only significant as our first step beyond South Asia and the West Asia but also as our first move to grow through acquisition, VLCC Group chairman Mukesh Luthra said.
Chinese cheap solar equipment a threat: Govt
The government on Thursday said that cheaper Chinese solar power equipment as well as overcapacity are posing a threat to domestic manufacturers, including Bharat Heavy Electricals. In a written reply to the Lok Sabha, heavy industries and public enterprises minister Praful Patel said the government is aware of the threat posed by cheap Chinese equipment for Bhels solar power equipment project. Going by an estimate, Chinese entities have a share of about 57% of solar equipment using crystalline technology.