Hmt Watches

Project Ledikeni took wing a few months before Covid-19 turned the world upside down. It took a year before the first batch of 100 watches, put together by watchmaker Ali Bagasrawala, was ready.

971 and counting: An HMT watch collector’s eventful journey

The now-defunct company's various series represented both a veritable timeline of India’s socialist era ambitions and achievements as well as a cultural record of sorts.

VRS at sick public sector cos likely to gain pace after Modi govt sweetened offer

In a bid to speed up the process of closing down sick central public sector enterprises (CPSEs), Modi government has sweetened the package for employees opting for Voluntary Retirement Scheme (VRS) by giving them attractive compensation at 2007 notional pay scale.

'NITI preparing cabinet note for closure of 7 more sick CPSEs'

Government think-tank NITI Aayog is preparing a fresh cabinet note recommending closure of 7 more sick CPSEs as part of an exercise to tackle mounting losses incurred by these entities.

Govt decides to shut 3 HMT units, offer VRS to employees

"With a cash assistance of Rs 427.48 crore, the three loss making subsidiaries of HMT Ltd, namely HMT Watches, HMT Chinar Watches and HMT Bearings will attain closure after separation of about a thousand employees through attractive VRS/VSS and settlement of their dues," an official statement said.

Privatization a better bet than divestment: Kotak Sec

According to a Kotak report titled ‘Strategy: Divestment versus privatization‘, it may not be the best idea. “We believe it is important for the government‘s divestment imperative to include a longer-term plan to improve the performance of public sector entities,” it said.

HMT sets up counter at Dehradun to reach out to people

In an effort to increase the market visibility of its products, HMT Watches Ltd today launched its programme of setting up counters at prominent post offices in Uttarakhand, beginning with the General Post Office in the city.

Reconstruction board approves revival plan for HMT: Sources

Finally the government is considering to breathe life into the ailing watch company HMT. The BRPSE has approved revival plan for the Bangalore-based company, reports CNBC-TV18 quoting sources.