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Hyundai to invest $40 mn for setting up R&D centre
The country"s second-largest car maker Hyundai Motor India today said it would invest $40 million for setting up an R&D centre in India next year.

Irda cautions insurers against politically exposed persons
The Insurance Regulatory and Development Authority (Irda) has asked insurance companies to be more cautious while concluding contracts with “high risk customers”, particularly the “proposals of Politically Exposed Persons (PEPs)”.

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India Eco Summit: 'Affordable innovation needed'
Kirtika Suneja / New Delhi November 11, 2009, 0:35 IST
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Three workers die in HPL plant, company denies gas leak

Three contract workers died in a mishap at a unit of the Haldia Petrochemicals (HPL) in East Midnapore district of West Bengal. Sensex ends up 35pts The spokesman said detailed inquiry was in progress and intial findings indicated that the three persons were employed by a contractor firm. The authorities said that contrary to earlier reports there was no gas emission in the plant. The plant had been shut down since May eight for maintenance. District Magistrate S D Chhoten Lama said the bodies were later retrieved from the chamber and sent for post-mortem. She said initially it appeared that the three had died of suffocation. However, the HPL authorities were inquiring into the exact circumstances of the deaths, she added. Former CPI(M) MP Lakshman Seth has demanded Rs 5 lakh as compensation each for the bereaved family. Condoling the deaths HPL authorities said all support would be extended to the bereaved families.


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