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 Manufacturers upbeat on account of economic revival, year-end sales - Daimler to launch Mitsubishi Fuso trucks in India - Auto sales: Growth story continues - ONGC, partners to invest over Rs 46,000 cr in Iran - Racing ahead - Lokesh to set up cylinder heads line for M&M"s Navistar - India Eco Summit: Eicher, Volvo JV to roll out buses by next yr A strong surge in manufacturing and mining sectors and a rise in demand from a government-backed bus purchase programme pushed sales of medium and heavy trucks and buses in November, helping the industry maintain the sales momentum of earlier months. Vehicle manufacturers such as Mumbai-based Tata Motors and Chennai-based Ashok Leyland, which together control more than 70 per cent of the Indian commercial vehicle (CV) market, reported a surge of 116 per cent and 136 per cent, respectively, in sales during November compared to the same month a year ago.
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A Parliamentary panel today pulled up the Finance Ministry for its failure to take timely action to contain inflation and asked the government to take immediate steps to provide relief to common man reeling under rising food prices. - Symbol for rupee in final lap - Centre requests states to import foodgrains to support PDS - Customs duty cut for brownfield power projects - Industry starts pre-Budget talks with FinMin - FMCG firms to be hit if hill state tax benefits withdrawn - Assocham suggests setting up coal trading It also suggested amending the Essential Commodities Act to check hoarding and speculation. "The Ministry of Finance...Has obviously failed to intervene timely and squarely address this burning issue (price rise) with due seriousness," said the Standing Committee on Finance in its report on inflation. 
State-run Indian Oil Corp (IOC) has appointed three merchant bankers for its maiden overseas bond issue of $500 million (Rs 2,325 crore). - IL&FS Investsmart to discontinue insurance broking biz - IOC wants 50,000 acres for biofuel cultivation in UP - Manufacturing in dec at 7-month high, PMI shows - Manufacturing reaches top in 7 months, says HSBC study - Add debt for portfolio stability - Yodlee"s account aggregation software powers Artha Money IOC has appointed HSBC, Standard Chartered and Deutsche Bank for the issue likely this year, official sources said here. The company has not decided on the exact timing of the issue, which would go to fund its capital expenditure requirement. 
Tata Motors, India’s largest auto manufacturer, will shut down manufacturing operations at its Pune’s commercial vehicle (CV) unit for three days. - BHEL may have power venture at Nano"s Singur site - BMW to build new China plant - Car buyers now face longer waiting periods - Tata Motors resolves compensation issues with vendors - No immediate plan to take Nano abroad: Irani - Auto sales zoom in Oct The shutdown was due to disruption of supply of automotive parts from one of its suppliers, an executive from the company said today. The auto parts vendor was hit after its manufacturing facility was damaged in the Indian Oil Corporation fire in Jaipur on October 29. A Tata Motors spokesperson confirmed that production of CVs would be halted for 3 days starting November 13.