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Usha sells stake in Honda Siel to Japanese partner for Rs 180 crore
India's economic growth could fall below 5 per cent in the first quarter of the current fiscal, impacted by a contraction in industrial output and deficient monsoons, global research firm Citi has said. However, TCA Anant, secretary and chief statistician
10 Aug 2012, 06:54 PM IST 
Maruti's Manesar plant saw violence on July 18, in which one senior executive was killed and nearly 100 others injured
Shriram group firm Usha International on Friday said it has exited its joint venture with Honda Motor Co. by selling its entire 3.16 per cent stake to the Japanese partner for Rs 180 crore."Usha, Honda Siel Cars India Ltd and Honda Motor Co., Japan, after working together for 16 years to develop Honda Siel Cars India Ltd (HSCI) have agreed to end their joint venture," the domestic partner said in a statement.Following this decision, ...
