Supreme Court instructs TVS Motor to stop fresh booking for TVS Flame

The Supreme Court on Friday directed TVS Motor, the third-largest motorcycle manufacturer, not to accept any fresh bookings — for the new TVS Flame bike — till January 29, 2008. However, the company can execute all the bookings till date.

The bench issued its direction on a petition filed by Bajaj Auto challenging the Madras High Court order of December 20 allowing TVS Motor to go ahead with the manufacture and sale of the vehicle.

A division bench headed by Justice H.S. Kapadia also directed the Madras High Court to take up the matter on 29 January and grant an appropriate remedy.

It may be recalled that the TVS Motor Company had launched the 125cc motorcycle brand TVS Flame last month. Following a patent infringement lawsuit by Bajaj Auto, both TVS Motors and Bajaj Auto have been locked in a legal tangle.


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Big steel and power companies may be stripped off their captive mines

Big steel and power companies may be stripped off their captive mines

Big steel and power companies like NTPC, ArcelorMittal, GVK Power, Jindal Steel & Power, GMR Energy and Damodar Valley Corporation may be stripped off the captive mines that were allotted to them.

As per the information available, as many as 97 companies are going to be given notice by the government asking them as to why they have failed in starting work in the captive mines provided to them.

Escorts up for a rebound?

Escorts up for a rebound?

After losing most of its market to players like Mahindra, perhaps the north India based tractor manufacturer, Escorts is up to make a rebound in the domestic circuit.

While the company has been cutting its operational and financial expenses, the fact of the matter is that it is also looking at expanding its market share in the domestic circuit. The third largest tractor manufacturer in the country has been relying on its tractor business for the overall Group, the company is targeting to take its market share up by 1% in the short run.