HMT Watches has been making losses for the last 15 years.
New plant will manufacture around 1 mn cases per annum.
Britannia Industries, the bakery and dairy major, has tied up with e-tailer Amazon India for a pilot launch of Good Day Chunkies, a new chocolate chip cookie, for 15 days. The offer is currently on and closes on December 5, after which the product goes to offline (normal retail) stores.
Amazon's fulfilment centres, which store products of hundreds of vendors selling on the American online major's platform, are being cited by Karnataka state government authorities as a primary concern in an ongoing tax dispute.
Hundreds of Jokatte villagers adjacent to MRPL refinery near Mangalore have complained of air, noise, water pollution from plant.
Even though HMT has survived for over 50 years, it failed to find a new peg to sell itself even as later entrants captured market share.
Despite a poor show, Karnataka Chief Minister Siddaramaiah chose not to resign stating that the verdict was a not a referendum on his government. Mahesh Kulkarni reports from Bangalore
Karnataka proposes to auction 15 of its Category-C mines to end-users.
Workers' union to hold meeting on Monday to decide when to return to work.
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