Royal Enfield to bid nearly $2bn for Ducati India
The Dollar Business Bureau The Royal Enfield’s maker in India, Eicher Motors is bidding $1.8 billion-$2 billion for the Italian motorcycle manufacturer Ducati, according to a Reuters India news on Thursday. This led to the shares of Eicher Motors spiraling to a record high. Eicher Motors is the only Asian company in the auction, finalising the terms with advisers before the bidding deadline at the end of September, the media agency reported. German carmaker Volkswagen(VW) is also considering options for Ducati, including a sale of the brand, wholly controlled by VW's Audi division. But internal rifts and resistance from the German trade unions, have put the company’s plans on hold. It should be recalled that Reuters had reported earlier that Hero Motor Corp ...
LAAR, MMDR, among other key issues to be discussed in post-budget session
The Dollar Business Bureau Financial issues pertaining to Railway and General Budgets for 2015-16, Consideration and Passing of the Bills to replace the Ordinances will be the main focus issues that are expected to be discussed in the post-Budget session on March 9, 2015. Besides a general discussion and voting on Railway and General Budgets, the session is also expected to witness discussions on Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement(LAAR) Amendment Bill, demands for grants on account for the next fiscal and excess grants for 2012-13, among others. Two Bills for replacement of Ordinances like the Mines and Minerals Development & Regulation (MMDR) Amendment Bill, 2015 and Motor Vehicles Amendment Bill, 2015, both ...
