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Newsmakers: Ford India recalls 16,444 EcoSport units, PM Modi in UK and more

Newsmakers: Ford India recalls 16,444 EcoSport units, PM Modi in UK and more

Key business news events for the day

BusinessToday.In
BusinessToday.In
  • Updated Nov 13, 2015, 8:38 PM IST
Newsmakers: Ford India recalls 16,444 EcoSport units, PM Modi in UK and more
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Bharti Airtel to list Rs 500-mn pounds bonds issue on London Exchange
Bharti Airtel on November 13, 2015 said it intends to issue Sterling Bond of up to GBP 500 million (around Rs 5,000 crore), which will be listed on the London Stock Exchange. Airtel said the amount will be used for refinancing its existing loan portfolio. India's top telecom operator said the issue and its timing remains subject to necessary authorisations and approvals, global credit environment and market conditions.
Newsmakers: Ford India recalls 16,444 EcoSport units, PM Modi in UK and more
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Ford India recalls 16,444 units of compact SUV EcoSport
US auto firm Ford is recalling 16,444 units of its popular compact SUV EcoSport manufactured between November 2013 and April 2014 in India to rectify faulty rear twist beam bolt, which is a part of suspension. In some of the affected vehicles, there is a possibility that the Rear Twist Beam (RTB) bolt may not be tightened to specification, which may cause the pivot bolt to break, Ford India said in a statement.
Newsmakers: Ford India recalls 16,444 EcoSport units, PM Modi in UK and more
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Maharashtra may move SC on lifting of Maggi ban
Maharashtra plans to move the Supreme Court to challenge the lifting of the ban on Nestle India's Maggi noodles, Food and Civil Supplies Minister Girish Bapat said. "Our legal department is examining all aspects, the pros and cons and depending on their (legal) opinion, we plan to challenge the issue in the Supreme Court," Bapat said. Justifying the move, Bapat said that certain batches have been tested and there is a possibility that other batches could cause health issues among the consumers.
Newsmakers: Ford India recalls 16,444 EcoSport units, PM Modi in UK and more
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India, UK ink deals worth over 9 billion pounds
India and Britain welcomed more than 9 billion pounds ($13.7 billion) in commercial deals during a visit by Prime Minister Narendra Modi, but his arrival was overshadowed by protests over a perceived rise in intolerance back home. Modi received a warm welcome by British Prime Minister David Cameron, who has tried to cultivate closer ties with India to secure business opportunities in a fast-growing economy at a time when Modi has been prioritising other relationships.
Newsmakers: Ford India recalls 16,444 EcoSport units, PM Modi in UK and more
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Sachin Tendulkar slams British Airways on twitter over flight issue
Indian cricket legend Sachin Tendulkar has blasted British Airways for its 'don't care attitude' and tweeted that his 'family members' waitlisted tickets were not confirmed despite seats being available'. In response, the airline asked for Sachin's full name in the tweet, only to be trolled by his followers on the networking site.