The Department of Heavy Industry has been undertaking appraisals of each loss making CPSE to assess the prospects of revival. The government on Wednesday decided to close three unviable units......
HMT Watches employees have not received any raise since 1992 The proposal to wind up HMT Watches is likely to be finalised soon. The Bengaluru-based public sector undertaking is readying a......
The mood at the corporate headquarters of HMT Watches was subdued on Friday morning as news of its reported closure spread. There are 1,105 employees at the company’s three factories and......
The government is planning to offload stake in HMT Bearings Ltd (HBL) and is scouting for joint venture partners in some other state-owned firms in a bid to revive sick units. "Divestment up to 74......
State-owned HMT Ltd is talking to Mitsubushi for collaborating in manufacturing of multi-utility vehicles and some other vehicles, targetting the rural market."A team from HMT had visited......