Quick view: No impact of recall on Indian market: Nissan

Updated: Feb 28 2012, 08:49am hrs
Japanese carmaker Nissan on Monday said the Indian market will not be impacted by the global recall of nearly 250,000 units, although over 9,600 Micra cars produced at its Chennai plant for Europe will be covered.

Nissan has taken a proactive step to recall and replace the (fuel rail pressure) sensors on priority, a Nissan Motor India spokesperson said. The company has decided to recall over 9,600 units of its small car Micra, which were produced in India in 2011 and sold in Europe, the official added.

Global Cayenne recall to affect 483 units in India

German luxury sports carmaker Porsche on Monday said it will recall 483 cars in India as part of its global exercise to fix faulty headlights in 100,000 units of the Cayenne model. The number of cars affected in India are 483, Porsche said. In-house quality investigations revealed that in rare cases an incorrectly locked headlight module can become detached. The company said the workshop job takes approximately 45 minutes and is free of charge.

Pratik Pota appointed CEO of NourishCo Beverages

Pratik Pota of PepsiCo India has been appointed as the chief executive officer of NourishCo Beverages, the joint venture between Tata Global Beverages and PepsiCo India Holdings, with immediate effect. Pota takes over from Punita Lal, who has proceeded on a sabbatical for personal reasons. Announcing the news, RK Krishna Kumar, chairman of Tata Global Beverages and NourishCo Beverages, said, I am delighted that we have found a leader of Pratiks calibre to lead our joint venture with PepsiCo.

Goodyear India net profit falls 10% in Oct-Dec

Tyre maker Goodyear India on Monday reported a 9.69% decline in net profit for the quarter ended December 2011, at R20.31 crore. The company had posted a net profit of R22.49 crore in the corresponding period of the previous financial year, Goodyear India said in a filing to the BSE. Total income during the quarter, however, increased by 15.98% to R395.17 crore from R340.71 crore in the year-ago period, it added. The company also said its board has recommended a dividend R7 per equity share of face value of R10 each for the year ended December 31, 2011.

Bhel wins R774-cr order to supply rigs to ONGC

Bhel has won a R774-crore contract for supplying onshore drilling rigs to upstream oil company ONGC. The contract envisages manufacture and supply of six onshore drilling rigs, a company statement said on Monday. For the order, the mechanical equipment will be manufactured by Bhels Hyderabad plant, while electrics will be manufactured by the companys Bhopal plant. Bhel has so far supplied 84 rigs, of which 71 rigs have been supplied to ONGC and 13 to Oil India.

Lenovo India unveils first store for SMEs in Pune

Personal computer maker Lenovo on Monday inaugurated its first PC store for small and medium enterprises (SMEs) in Pune. The store aims to address the specific needs of the SME customer by making the Think brand accessible to them and offering solutions that address the SME community, the company said in a statement here.

Adani Ports to build dry bulk terminal at Kandla

The Adani Group on Monday said it has got the nod to build a dry bulk terminal at the Kandla port, the countrys largest port by volumes. Adani Ports and Special Economic Zone, the port operating arm of the group, has received a letter of intent from the Kandla Port Trust to set up the terminal with a capacity of 20 million tonnes on build, operate and transfer basis after it emerged as the highest bidder on a revenue share basis, a statement said.