Tata Motors appoints Daimler veteran, Marc Llistosella as its India business chief
With the appointment of Llistosella, it is apparent that Tata Sons, aims to focus big time on its commercial vehicle businessPremium
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Tata Motors Ltd, India’s largest vehicle maker, on Friday named Marc Llistosella as the managing director and chief executive officer (MD and CEO) of its India business which comprises the commercial and passenger vehicle businesses.
In his last assignment, Llistosella served as president and chief executive of Fuso Truck and Bus Corp., a unit of Germany’s Daimler.
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Petroleum Ministry launches investment corner on revamped site
February 09, 2021
Petroleum Minister Dharmendra Pradhan×
Minister of Petroleum and Natural Gas & Steel Dharmendra Pradhan on Tuesday launched the Investment Corner under the Project Development Cell (PDC), on the revamped website of the Ministry of Petroleum and Natural Gas.
The Ministry said it has taken this initiative to dedicate a section showcasing investible sectors and opportunities and as a means to channelise investors’ interest to the MOPNG PDC Team.
“On registering with the PDC, the investor can indicate her/his plans to invest in a sector of preference in case of new investor; and seek facilitation in case of any issue/ challenge that may need resolution. This will enable the investor community to reach out to the Ministry,” the statement added.
Input Troubles
A significant spike in prices of key raw materials post lockdown has thrown a curveball at the revival story of India Inc
Illustration by Siddhant Jumde
After an unprecedented year in 2020, Indias manufacturing sector is already facing its first major challenge in 2021 - rising raw material prices. Since the economy started opening up in May last year, prices of key inputs such as steel, copper, aluminium, rubber, plastic and cement have gone up sharply.
Depending on the grade, prices of steel have shot up between 24 and 50 per cent. Since August, the average monthly price of hot rolled coil - a benchmark grade of the commodity - has risen by over Rs 14,000 per tonne to Rs 65,044 per tonne in December, a near 30 per cent jump. Similarly, copper prices have gone up by 25 per cent, rubber by 35 per cent and aluminium by 13 per cent. Prices of cement have grown at a more sedate pace, but over a much longer period of time - more than 16 per cent since January 2019.