Ashok Lelyland's Pantnagar facility bags global quality management award Posted on 10th November 2016 |
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| Ashok Leyland's Pantnagar facility has been conferred with a global award for implementation of total quality management, thereby making it the first commercial vehicle (CV) manufacturer from outside Japan to have won the Deming Prize. The global award is the oldest and most recognised quality award in the world and is conferred upon companies with established processes of management for business operations. Vinod K Dasari, Managing Director, Ashok Leyland, said: “It is indeed a proud moment for all of us at Ashok Leyland to receive this coveted prize. Becoming the world's first truck and bus plant and the only CV manufacturer based outside Japan, to win the prize, the award adds to the company’s achievements in delivering firsts. Housing the latest technology and processes, our Pantnagar plant is a fully-integrated plant capable of manufacturing all future products. Consistent quality, technology, innovation and robust processes are the pillars which have helped us garner international recognition and customer satisfaction.” R Sivanesan, senior vice president of quality, sourcing and supply chain at Ashok Leyland, added that the company has been focusing on improving quality processes, besides working on a customer-oriented approach with regard to people management. The Deming Prize was established in 1951 by the Japanese Union of Scientists and Engineers (JUSE) to honor W Edwards Deming, who contributed greatly to Japan’s proliferation of statistical quality control after World War II. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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