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  • Russian forces have fired shots near a convoy carrying the Georgian and Polish presidents, a presidential spokeswoman says - Sky News.
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Ruia group acquires JJ Polymers

November 23rd, 2008 - 10:49 pm ICT by IANS -
Kolkata, Nov 23 (IANS) City-based Ruia group has acquired two-wheeler tube manufacturing company JJ Polymers as part of its capacity expansion plan, a top official said here Sunday. The Mysore-based JJ Polymers ...

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Italian firm to invest euro 5.5 mn in Bangalore plant

November 20th, 2008 - 11:20 pm ICT by IANS -
Bangalore, Nov 20 (IANS) Leading Italian integrated machines manufacturer Biesse group plans to invest euro 5.5 million (Rs.35 million) in capacity expansion of its plant here, the company said Thursday.“We will invest ...

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Dutch bank to lend $14 mn to Indian healthcare major

November 10th, 2008 - 7:40 pm ICT by IANS -
New Delhi, Nov 10 (IANS) Indian healthcare major Advanced Medicare and Research Institute (AMRI) will get $14 million loan from Dutch financial giant Deutsche Investitions-und Entwicklungsgesellschaft mbH (DEG) for capacity expansion, the ...

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IDFC PE invests Rs.4 bn in Suzlon subsidiary

September 29th, 2008 - 8:54 pm ICT by IANS -
New Delhi, Sep 29 (IANS) IDFC Private Equity has picked up 17 percent stake in SE Forge Ltd, a subsidiary of Suzlon Energy Ltd (SEL), for Rs.4 billion, the company announced Monday. ...

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UAE firm buys stake in Finnish company for $177 mn

September 23rd, 2008 - 8:24 pm ICT by IANS -
Dubai/Chennai, Sep 23 (IANS) The United Arab Emirates' (UAE) renewable energy firm Masdar has acquired 40 percent stake in a Finnish wind turbine manufacturer for $177.3 million to become a key player ...

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Indian Oil Corp planning major refinery expansion

September 21st, 2008 - 5:15 pm ICT by IANS -
Mathura, Sep 21 (IANS) State-run Indian Oil Corp (IOC) is awaiting the environment ministry's nod for a major capacity expansion project at its Mathura refinery in Uttar Pradesh, a senior official said. ...

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ArcelorMittal to boost steel production capacity in Brazil

August 8th, 2008 - 1:19 pm ICT by IANS -
Luxembourg, Aug 8 (IANS) ArcelorMittal, the world's leading steel company, is to invest $1.6 billion in its long carbon steel operations in Brazil. The investments are in addition to the $1.2 billion ...

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Britannia, Danone may settle dispute out of court

July 28th, 2008 - 8:04 pm ICT by IANS -
Kolkata, July 28 (IANS) Biscuit and dairy product major Britannia Industries Ltd, embroiled in a bitter intellectual property right (IPR) violation litigation with French partner Groupe Danone, is interested in an out-of-court ...

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Havells to spend Rs.2 bn on capacity expansion

July 4th, 2008 - 9:17 pm ICT by IANS -
Kolkata, July 4 (IANS) The $1.2-billion (Rs.48-billion) electrical and power distribution equipment company Havells India would invest Rs.2 billion this fiscal for capacity expansion, said a top company official here Friday. "We ...

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India, Cuba finalise agreement for cooperation in the Hydrocarbon sector

July 1st, 2008 - 11:35 pm ICT by ANI -
New Delhi, July 1 (ANI): India and Cuba have finalised India Cuba Hydrocarbon agreement for cooperation in the oil and gas sector. This emerged at an hour long meeting between Minister ...

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Cuba asks India to take part in refinery project

July 1st, 2008 - 7:39 pm ICT by IANS -
New Delhi, July 1 (IANS) Cuba has invited Indian companies to take part in a new refinery project even as both countries are set to sign an agreement on cooperation in the ...

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Infrastructure sector hit by attrition: Assocham

June 30th, 2008 - 8:22 pm ICT by IANS -
New Delhi, June 30 (IANS) The infrastructure sector will create the most jobs with its attrition rate going up to 40 percent, a study by an industry lobby released Monday said. "Key ...

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Kalpataru to expand output on Rs.150 mn outlay

June 30th, 2008 - 4:31 pm ICT by IANS -
Gandhinagar, June 30 (IANS) The city-based Kalpataru Power Transmission Ltd, which early this month won the Dun and Bradstreet export excellence award, is augmenting its power transmission line capacity on an investment ...

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Ford to invest $500 mn in India by 2010

June 24th, 2008 - 8:46 pm ICT by IANS -
Kolkata, June 24 (IANS) Ford India Pvt. Ltd, a wholly-owned subsidiary of global auto major Ford Motors Co., will invest $500 million to set up a small car production facility and an ...

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Sujana Towers acquires 51 percent stake in African firm

June 18th, 2008 - 8:11 pm ICT by IANS -
Mumbai, June 18 (IANS) Sujana Towers Limited, part of the Rs.30 billion Sujana Group of Companies, has acquired a majority stake in the African telecom infrastructure company Telesuprecon Ltd. Mauritius-based Telesuprecon has ...

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Ashok Leyland plans Rs.30 bn investment for expansion

June 17th, 2008 - 11:10 pm ICT by IANS -
Mumbai, June 17 (IANS) Commercial vehicles manufacturer Ashok Leyland (AL) Tuesday said the company would invest around Rs.30 billion ($714.3 million) in the next three years for its capacity expansion. On the ...

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With focus on exports, APL to expand modified starch capacity

June 10th, 2008 - 7:19 pm ICT by IANS -
Ahmedabad, June 10 (IANS) Anticipating an export turnover of Rs.500 million by 2009-10, APL, one of India's leading manufacturers of starch, is doubling its manufacturing capacity of modified starch to 44,000 tonnes ...

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DSCL to double chlor-alkali plant capacity

June 6th, 2008 - 5:08 pm ICT by IANS -
By P.S. Anantharaman Ahmedabad, June 6 (IANS) The Rs.27 billion DCM Shriram Consolidated Limited (DSCL) is more than doubling its chlor-alkali production capacity at its Bharuch plant in Gujarat with an investment ...

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Xenitis to make lowest-price mobile phone handsets

May 27th, 2008 - 11:37 pm ICT by admin -
Sugandha (Hooghly), May 27 (IANS) Xenitis Telecommunication, a newly floated venture of West Bengal-based conglomerate Xenitis Group, plans to invest Rs.2.5 billion for setting up a mobile handset manufacturing facility in West ...

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Quicker reforms needed in textile industry: Assocham

May 25th, 2008 - 10:52 am ICT by admin -
New Delhi, May 25 (IANS) The Indian textile industry is expected to achieve $55 billion of investments by 2010 and create employment for 65.4 million, provided reforms are initiated at quicker speed, ...

Posted in Business, | 1 Comment »

Ankit Metals plans Rs.10 bn capacity expansion

May 15th, 2008 - 9:32 pm ICT by admin -
Kolkata, May 15 (IANS) Ankit Metal and Power Ltd (AMPL) plans to invest Rs.10 billion over the next three years to increase its production capacity, a company official said here Thursday. "We ...

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Hindustan Paper Corp to set up unit in Uttar Pradesh

April 22nd, 2008 - 9:48 pm ICT by admin -
Kolkata, April 22 (IANS) State-owned Hindustan Paper Corp Ltd (HPCL) will set up a greenfield venture in Uttar Pradesh with a capacity to produce 300,000 tonnes of paper annually. "The first phase ...

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India to consider more cement imports from Pakistan

April 7th, 2008 - 6:25 pm ICT by admin -
New Delhi, April 7 (IANS) India will look at importing more cement from Pakistan to check spiralling domestic prices, as the neighbouring country has surplus production this year, a top official in ...

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‘Eastern states should join hands to develop steel industry’

March 13th, 2008 - 12:14 am ICT by admin -
Kolkata, March 12 (IANS) India's eastern states need to cooperate with one another for proper development of the steel industry in the region, experts said at a seminar here Wednesday. On the ...

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ONGC to raise stake in Cambay offshore oilfield

February 25th, 2008 - 10:30 pm ICT by admin -
New Delhi, Feb 25 (IANS) State-owned petroleum major Oil and Natural Gas Corp Ltd (ONGC) will raise its stake in an oilfield in the Gulf of Cambay off India's northwest coast, it ...

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German firm to manufacture machine tools in India

February 17th, 2008 - 1:00 pm ICT by admin -
By Fakir Balaji Bangalore, Feb 17 (IANS) Gildemeister AG, the euro 1.6-billion ($2.3 billion) German maker of turning and milling equipment, is planning a production facility in India to meet the growing demand ...

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German firm to manufacture machine tools in India

February 17th, 2008 - 12:44 pm ICT by admin -
By Fakir Balaji Bangalore, Feb 17 (IANS) Gildemeister AG, the euro 1.6-billion ($2.3 billion) German maker of turning and milling equipment, is planning a production facility in India to meet the growing demand ...

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