Last Updated: Saturday, March 15, 2014, 20:04
Proxy advisory firm Institutional Investor Advisory Services India (IIAS) has welcomed Maruti's decision to put the decision around the controversial Gujarat plant to shareholders vote.
Last Updated: Saturday, March 15, 2014, 15:39
The decision was taken at a board meeting held here, which lasted for over four hours and attended by parent Suzuki Motor Corp (SMC) Chairman Osamu Suzuki.
Last Updated: Saturday, March 15, 2014, 14:10
Maruti has maintained the deal is in the best interests of shareholders and is in compliance with all norms.
Last Updated: Thursday, March 13, 2014, 18:08
Maruti Suzuki India Ltd (MSIL) is facing stiff resistance from private sector mutual funds and insurance companies, which own almost 7 percent of the company, for its decision to allow Suzuki Motor to make cars for MSIL at a proposed plant in Gujarat instead of manufacturing the vehicles itself.
Last Updated: Tuesday, March 11, 2014, 19:55
Seven mutual fund investors in Maruti Suzuki India Ltd (MSIL), who had earlier written to company Chairman R C Bhargava about their concerns over the deal, have now been joined by nine other institutional investors.
Last Updated: Sunday, March 09, 2014, 14:18
Maruti Suzuki has said the decision to transfer the proposed Gujarat plant to Suzuki was "right" and would not impact its manufacturing activities even as the auto major is facing criticism from shareholders.
Last Updated: Wednesday, March 05, 2014, 22:01
The flexi deck auto-wagon rake was flagged off by Maruti Suzuki Chairman R C Bhargava and Railway Board Chairman Arunendra Kumar at Gurgaon railway station.
Last Updated: Monday, March 03, 2014, 19:49
The Reserve Bank on Monday notified that the foreign share holding in Maruti Suzuki India Ltd by Foreign Institutional Investors (FIIs) under Portfolio Investment Scheme (PIS) has reached the trigger limit of 22 percent.
Last Updated: Friday, February 28, 2014, 13:13
Shares of Maruti Suzuki India Ltd fell as much as 5.5 percent on Friday, after the carmaker sought to allay investor concerns over its plan to source cars from a plant to be built by its parent Suzuki Motor in Gujarat.
Last Updated: Tuesday, February 25, 2014, 20:44
A seven-page letter written by seven mutual funds, including ICICI Prudential MF, Reliance MF and UTI MF, to Maruti Suzuki India Chairman R C Bhargava highlights investor concerns arising from the deal.
Last Updated: Wednesday, February 19, 2014, 19:01
Finance Minister P Chidambaram proposed the excise duty cuts on February 17 "to give relief to the automobile industry, which is registering unprecedented negative growth."
Last Updated: Saturday, February 01, 2014, 11:00
Country's largest car-maker Maruti Suzuki India (MSI) Saturday reported 10.3 percent decline in total sales in January at 1,02,416 units as against 1,14,205 units in the same month last year.
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