Kobelco Cranes mulls capacity expansion
February 2nd, 2012 - 10:50 pm ICT by IANS
Chennai, Feb 2 (IANS) Crane manufacturer Kobelco Cranes India Pvt Ltd, a Japanese subsidiary, plans to increase its production capacity by 2013 and roll out higher capacity crawler cranes, said ... Read more...
Posted in Business |
Reliance MediaWorks in expansion mode with south India focus
February 1st, 2012 - 2:14 pm ICT by IANS
Mumbai, Feb 1 (IANS) Reliance MediaWorks, the entertainment arm of the Anil Ambani-led industrial house, is expanding its domestic operations across films, TV commercials and broadcasting through strategic alliances and ... Read more...
Posted in Uncategorized |
Volvo to invest Rs.400 crore, set up research centre
December 29th, 2011 - 8:19 pm ICT by IANS
New Delhi, Dec 29 (IANS) Swedish vehicle-maker Volvo will invest Rs.400 crore to set up a research and development (R&D;) centre and expand capacity in India to earn $1 billion ... Read more...
Posted in Business |
Graphite India’s Q2 net slips 14.9 percent
November 14th, 2011 - 6:12 pm ICT by IANS
Kolkata, Nov 14 (IANS) Graphite India Limited (GIL), India's largest graphite electrode producer, Monday reported a 14.9 percent decline in its standalone net profit at Rs.42 crore in the quarters ... Read more...
Posted in Business |
Tata Chemicals starts $100-mn soda ash unit in Kenya
November 11th, 2011 - 3:21 pm ICT by IANS
Nairobi, Nov 11 (IANS) India's Tata Chemicals has opened a $100 million soda ash plant here that enhances the capacity of its Kenyan subsidiary and places this East African nation ... Read more...
Posted in Business |
Business confidence on the decline: CII
October 23rd, 2011 - 11:08 am ICT by IANS
New Delhi, Oct 23 (IANS) Uncertainty surrounding the global economy, rising cost of inputs and high interest rates have led to a decline in business confidence during the current quarter, ... Read more...
Posted in Business |
Honda to launch entry-level bike
September 7th, 2011 - 6:05 pm ICT by IANS
New Delhi, Sep 7 (IANS) Japanese automobile major Honda's Indian subsidiary Wednesday said it will launch an entry-level 100 cc motorcycle in the first half of next fiscal."We have plans ... Read more...
Posted in Business |
Lumax investing Rs.150 crore on new plants, capacity
September 6th, 2011 - 5:45 pm ICT by IANS
New Delhi, Sep 6 (IANS) Automobile lighting component manufacturer Lumax Industries Tuesday said that it will invest about Rs.150 crore to set up three new facilities by next year."We are ... Read more...
Posted in Business |
Auto component industry to grow by 12-15 percent in 2011-12
August 30th, 2011 - 6:23 pm ICT by IANS
New Delhi, Aug 30 (IANS) The Automotive Component Manufactures Association of India (ACMA) Tuesday said that due to a slowdown in the domestic consumption, it expected growth to moderate between ... Read more...
Posted in Business |
‘One-third power capacity addition by private sector’
August 25th, 2011 - 9:10 pm ICT by IANS
New Delhi, Aug 25 (IANS) The government Thursday said the private sector would contribute nearly 36 percent of power sector capacity expansion in the 11th Five Year Plan, which ... Read more...
Posted in Business |
Tata Steel’s Jamshedpur plant to be modernised
August 5th, 2011 - 11:51 pm ICT by IANS
Kolkata, Aug 5 (IANS) Tata Steel would pump in Rs.8,000 crore this fiscal for modernisation and capacity expansion of its Jamshedpur plant to 10 million tonnes from 6.8 million tonnes, ... Read more...
Posted in Business |
NTPC inks Rs.10,000 crore loan agreement with SBI
July 8th, 2011 - 6:39 pm ICT by IANS
New Delhi July 8 (IANS) State-run power utility major NTPC Friday entered into an agreement with the State Bank of India (SBI) for a loan of Rs.10,000 crore ... Read more...
Posted in Business |
Global air passenger traffic up 7 percent in May
June 30th, 2011 - 5:18 pm ICT by IANS
New Delhi, June 30 (IANS) The global airlines association Thursday reported an increase of 6.8 percent in international passenger traffic for May this year, compared to the like period of ... Read more...
Posted in Business |
Birla Corp plans Rs.1,025 crore capacity expansion investment
June 27th, 2011 - 9:06 pm ICT by IANS
Kolkata, June 27 (IANS) The M.P. Birla Group flagship Birla Corporation is planning to invest around Rs.1,025 crore over the next one and a half years for expanding cement and ... Read more...
Posted in Business |
Growth may moderate, inflation a major challenge: Pranab (Lead)
June 17th, 2011 - 9:30 pm ICT by IANS
New Delhi, June 17 (IANS) The monetary tightening policy pursued by the Reserve Bank of India might moderate growth in short-term even as controlling inflation remains a major challenge ... Read more...
Posted in Business |
Monetary tightening may moderate growth: Mukherjee
June 17th, 2011 - 1:53 pm ICT by IANS
New Delhi, June 17 (IANS) Continued monetary tightening by the Reserve Bank of India might moderate growth in the short-term but the long-term prospects remained buoyant, Finance Minister Pranab ... Read more...
Posted in Business |
IndiGo to commence Delhi-Dubai flights from Sep 1
June 14th, 2011 - 10:58 pm ICT by IANS
New Delhi, June 14 (IANS) Leading low-cost carrier IndiGo Airlines Tuesday said it will launch its international foray Sep 1, by operating services from New Delhi to Dubai."It is ... Read more...
Posted in Business |
India eyes $10 billion from biotech sector by 2015
May 4th, 2011 - 6:36 pm ICT by IANS
Bangalore, May 4 (IANS) India's sunrise biotechnology sector is set to reach $10-billion revenue by 2015 from $4 billion posted in fiscal 2010-11 through innovative products and services, a top ... Read more...
Posted in Sci-Tech |
JK Group to invest Rs.1,300 crore in power sector foray
April 19th, 2011 - 5:24 pm ICT by IANS
New Delhi, April 19 (IANS) Diversified conglomerate JK Group Tuesday announced its maiden entry into the power sector with an investment of Rs.1,300 crore for the first phase of a ... Read more...
Posted in Business |
Reliance Industries plans major capacity expansion
April 13th, 2011 - 8:23 pm ICT by IANS
New Delhi, April 13 (IANS) India's largest private sector player Reliance Industries Limited (RIL) Wednesday said it was expanding its polyester manufacturing capacity in a major way to capitalise on ... Read more...
Posted in Business |
BHEL to expand boiler division capacity to 20,000 MW
April 5th, 2011 - 2:57 pm ICT by IANS
Tiruchirapalli (Tamil Nadu), April 5 (IANS) Power equipment maker Bharat Heavy Electricals Ltd will complete expanding its boiler unit's capacity to 20,000 MW by the end of this fiscal, a ... Read more...
Posted in Business |
India to create 1.6 mn jobs in 2011: Survey
March 31st, 2011 - 9:14 pm ICT by IANS
Chennai, March 31 (IANS) For the second successive year, more than one million new jobs will be created in India's organised sector in 2011, led by the healthcare sector, but there ... Read more...
Posted in Uncategorized |
Toyota Kirloskar to raise production by 60,000 units
March 16th, 2011 - 8:21 pm ICT by IANS
Bangalore, March 16 (IANS) Car manufacturer Toyota Kirloskar Motor (TKM) Wednesday said it will raise annual production capacity to 210,000 units from the present 150,000 units to end the long ... Read more...
Posted in Business |
BJD activists protest railways’ neglect of Orissa
March 15th, 2011 - 8:15 pm ICT by IANS
Bhubaneswar, March 15 (IANS) Activists of Orissa's ruling Biju Janata Dal (BJD) Tuesday afternoon protested the Indian railways' neglect of the state, complaining of insufficient allocations for Orissa ... Read more...
Posted in Politics |
Bosch India net up 45 percent on robust growth
March 1st, 2011 - 7:39 pm ICT by IANS
Bangalore, March 1 (IANS) Bosch India Ltd posted Rs.859 crore profit for calendar year 2010, registering a strong 45 percent year-on-year (YoY) growth over 2009, the Indian subsidiary of the global German ... Read more...
Posted in Business |
Rail budget disappointing: Naveen Patnaik
February 25th, 2011 - 10:22 pm ICT by IANS
Bhubaneswar, Feb 25 (IANS) Orissa Chief Minister Naveen Patnaik Friday said the rail budget for 2011-2012 was disappointing for his state."It was grossly inadequate considering the requirement of the on-going projects ... Read more...
Posted in Politics |
West Bengal’s industry welcomes railway budget
February 25th, 2011 - 10:22 pm ICT by IANS
Kolkata, Feb 25 (IANS) Hailing the budget presented by Railway Minister Mamata Banerjee Friday for not increasing freight and passenger fares, West Bengal's industrialists said it was ideal for helping in ... Read more...
Posted in Business |
Survey predicts 8.6 percent growth, higher inflation
February 25th, 2011 - 1:51 pm ICT by IANS
New Delhi, Feb 25 (IANS) India's Economic Survey for 2010-11 has predicted a 8.6 percent growth for the current fiscal while sounding concern over inflation and the fall in factory output.Finance ... Read more...
Posted in Business |
Uruguay explores cooperation in wind power sector
February 23rd, 2011 - 10:57 pm ICT by IANS
Chennai, Feb 23 (IANS) A high level delegation from Uruguay is exploring the possibility of forging cooperation with India in the wind power sector.Led by Uruguayan Vice President Danilo Astori, the ... Read more...
Posted in Business |
Naphtha cracker project at Indian Oil’s Panipat complex dedicated to nation
February 15th, 2011 - 7:48 pm ICT by ANI
New Delhi, Feb 15 (ANI): Rolling out the canvas for expansion of its operations through downstream integration into petrochemicals, India's largest Naphtha Cracker plant at Indian Oil's Panipat Complex was today dedicated ... Read more...
Posted in National |
Bharat Fritz to invest Rs.350 cr for expansion plans
January 25th, 2011 - 11:49 pm ICT by IANS
Bangalore, Jan 25 (IANS) India's leading machine tools manufacturer Bharat Fritz Werner Ltd (BFW) plans to invest Rs.350 crore over the next five years in capacity expansion, diversification and acquisition to scale ... Read more...
Posted in Business |
Indian industry should create 100 million jobs: Plan panel
January 20th, 2011 - 11:10 pm ICT by IANS
Bangalore, Jan 20 (IANS) As the backbone of the Indian Industry, the manufacturing sector should create about 100 million jobs over the next 15 years to sustain a high growth rate, Planning ... Read more...
Posted in Business |
‘Lot of acquisition’ for Fortis in 2011
January 10th, 2011 - 2:06 pm ICT by IANS
Kolkata, Jan 10 (IANS) Fortis Group's overseas arm Fortis Global Healthcare will focus on Asia, Australia and the Middle East as it eyes "a lot of acquisition" this year, its promoter Malvinder ... Read more...
Posted in Business |
Karnataka ties up for 1,000 MW power from NTPC, Neyveli
January 4th, 2011 - 10:43 pm ICT by IANS
Bangalore, Jan 4 (IANS) Energy deficit Karnataka Tuesday signed three power purchase agreements (PPAs) with state-run National Thermal Power Corporation (NTPC) and Tamil Nadu-based Neyveli Lignite Corporation (NLC) for 1,000 MW to ... Read more...
Posted in Business |
GDP growth rate satisfactory: Pranab
December 25th, 2010 - 5:30 pm ICT by IANS
Haldia, Dec 25 (IANS) Finance Minister Pranab Mukherjee Saturday said he would be satisfied with 8.5-8.7 percent GDP growth this year but would target a growth of 9 percent next year."We ... Read more...
Posted in Business |
