US firm confident of China’s economic rebound
August 13th, 2012 - 5:46 pm ICT by IANS
Beijing, Aug 13 (IANS) Caterpillar, a US-based construction equipment maker, is confident that China's economy will experience a soft landing, as the government has taken appropriate measures for an economic ... Read more...
Posted in Business |
Rs.2 bn equity investment in Srei Equipment Finance okayed
August 11th, 2012 - 12:35 am ICT by IANS
Kolkata, Aug 10 (IANS) Kolkata-based infrastructure and construction equipment financing company Srei Infrastructure Finance Ltd. (SIFL) and French financial major BNP Paribas have approved equity investment of up to Rs.2 ... Read more...
Posted in Business |
Severe flu doubles odds of developing Parkinson’s
July 22nd, 2012 - 1:11 pm ICT by IANS
Toronto, July 22 (IANS) Severe flu doubles the odds of your developing Parkinson's disease later in life, say researchers.However, the reverse holds true for those who got infected with red ... Read more...
Posted in Health |
Sharp fall expected in industrial growth
June 3rd, 2012 - 10:32 am ICT by IANS
New Delhi, June 3 (IANS) A sharp fall is expected in the growth of industrial sectors such as textile machinery, cement and fertiliser in the April-June quarter owing to the ... Read more...
Posted in Business |
Srei to focus on IT, healthcare equipment financing
May 14th, 2012 - 10:52 pm ICT by IANS
Kolkata, May 14 (IANS) With the country's power and telecom sectors experiencing many challenges, infrastructure and construction equipment financing non-banking finance company (NBFC) Srei Infrastructure Finance Ltd. Monday said it ... Read more...
Posted in Business |
Magma to roll out housing finance, gold loan business FY13
April 27th, 2012 - 7:43 pm ICT by IANS
Kolkata, April 27 (IANS) Magma Fincorp will roll out housing finance and gold loan businesses this fiscal. The city-base non-banking finance company is also awaiting the insurance regulator's nod to ... Read more...
Posted in Business |
China becomes top foreign investor in Germany: trade agency
March 16th, 2012 - 1:06 pm ICT by IANS
Berlin, March 16 (IANS) China overtook the US to become the top foreign investor in Germany in 2011 in terms of investment project numbers, according to statistics released by the ... Read more...
Posted in Uncategorized |
Srei Infra’s Q3 net slips by 51.8 percent
February 3rd, 2012 - 10:44 pm ICT by IANS
Kolkata, Feb 3 (IANS) Srei Infrastructure Finance Ltd, an infrastructure and construction equipment financing non-banking finance company (NBFC), Friday reported a 51.78 percent decline in its consolidated net profit for ... Read more...
Posted in Business |
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 |
Caterpillar to expand Indian operations investing $212 million
December 1st, 2011 - 1:14 am ICT by IANS
Chennai, Nov 30 (IANS) As a part of its $3 billion expansion programme globally, mining, construction equipment and engines manufacturer Caterpillar Inc will be investing $212 million over the next ... Read more...
Posted in Business |
Use or return land: Bengal minister to industrialists
November 19th, 2011 - 11:31 am ICT by IANS
Kharagpur (West Bengal) Nov 19 (IANS) West Bengal Industries Minister Partha Chatterjee Friday asked the business community to set up units on the land given by the government or return ... Read more...
Posted in Business |
‘TIL factories to create 2,000 jobs in Bengal city’
November 18th, 2011 - 9:15 pm ICT by IANS
Kharagpur, Nov 18 (IANS) West Bengal Industries Minister Partha Chatterjee Friday said TIL Ltd's port and construction equipment factory and the upcoming crane and reach- stacker factory here would generate ... Read more...
Posted in Business |
Putzmeister to invest four million euros in India
October 18th, 2011 - 7:24 pm ICT by IANS
Panaji, Oct 18 (IANS) Putzmeister Concrete Machines (PCM) India Tuesday said it will invest four million euros over the next three years to expand production capacity at its Goa manufacturing ... Read more...
Posted in Business |
Magma’s Q2 income up 27 percent
October 17th, 2011 - 10:14 pm ICT by IANS
Kolkata, Oct 17 (IANS) Magma Fincorp Limited, one of the leading asset finance companies in the country, Monday announced that its income during the second quarter (Q2) of the current ... Read more...
Posted in Uncategorized |
Magma Fincorp focusing on western, southern India
September 5th, 2011 - 11:45 am ICT by IANS
Kolkata, Sep 5 (IANS) Magma Fincorp Limited, one of the largest asset financing non-banking financial companies (NBFCs) in India, is focusing on western and southern parts of the country to ... Read more...
Posted in Business |
Michelin to roll out radial truck tyres in 2012
July 6th, 2011 - 6:17 pm ICT by IANS
Chennai, July 6 (IANS) French tyre major Michelin is expected to roll out its truck and bus radial tyres made out of imported rubber from its Rs.1,700 crore plant near ... Read more...
Posted in Business |
Kobleco Construction to double sales in 2011
April 14th, 2011 - 9:47 pm ICT by IANS
Chennai, April 14 (IANS) The Indian subsidiary of Japanese earthmoving equipment major Kobelco Construction Machinery plans to double the sales of its hydraulic excavators this year, said a top company ... Read more...
Posted in Business |
JCB launches new 16-valve diesel engine
March 29th, 2011 - 10:13 pm ICT by IANS
New Delhi, March 29 (IANS) Construction equipment major JCB India Ltd Tuesday launched its first domestically-built 16-valve diesel engine, which is Bharat Stage-III (BS-III) compliant."These latest technology engines, would offer ... Read more...
Posted in Business |
Manufacturing sector records faster growth
March 27th, 2011 - 12:21 pm ICT by IANS
New Delhi, March 27 (IANS) India's manufacturing industry grew faster in the current fiscal compared to last year with a majority of the sectors growing at more than 10 ... Read more...
Posted in Business |
JCB enters footwear business
October 28th, 2010 - 8:37 pm ICT by IANS
New Delhi, Oct 28 (IANS) Earthmoving and construction equipment major JCB India Thursday entered the footwear market, launching safety and lifestyle shoes, priced between Rs.700 and Rs.3,995."We hope to sell to ... Read more...
Posted in Business |
Flood-hit North Korea seeks help from South Korea
September 7th, 2010 - 12:00 pm ICT by IANS
Seoul, Sep 7 (IANS) North Korea has asked South Korea to send rice and necessary construction equipment to help it recover from floods, the government here said Tuesday.
The request was made in ... Read more...
Posted in World |
Ashok Leyland to invest Rs.2000 crore over two years
July 27th, 2010 - 9:38 pm ICT by IANS
Chennai, July 27 (IANS) Commercial vehicle manufacturer Ashok Leyland will invest around Rs.2,000 crore over a two-year period at its plants as well as in joint ventures.
The company has got the ... Read more...
Posted in Business |
Magma Fincorp to give Rs.532 crore in loans in Punjab, Haryana
July 5th, 2010 - 8:36 pm ICT by IANS
Kolkata, July 5 (IANS) Asset financing company Magma Fincorp Monday said it would disburse Rs.532 crore in retail loans in Punjab and Haryana in the 2010-11 fiscal.
"By penetrating deeper, we will focus ... Read more...
Posted in Business |
Magma Fincorp posts Rs.26.46 crore Q4 net profit
May 31st, 2010 - 8:17 pm ICT by IANS
Kolkata, May 31 (IANS) Asset finance company Magma Fincorp posted net profit of Rs.26.46 crore for the fourth quarter of 2009-10 against Rs.7.43 crore in the corresponding period a year ago.
For the ... Read more...
Posted in Business |
Shriram group bets big on construction equipment financing
May 17th, 2010 - 6:38 pm ICT by IANS
Chennai, May 17 (IANS) Betting big on construction equipment financing, city-based business group Shriram is expecting to start operations next month through subsidiary Shriram Equipment Finance Company.
"We hope to have an ... Read more...
Posted in Business |
Magma Fincorp to disburse Rs.343 crore in Chhattisgarh
May 5th, 2010 - 5:47 pm ICT by IANS
Kolkata, May 5 (IANS) Asset financing company Magma Fincorp Limited said Wednesday it will disburse Rs.343 crore in retail loans to the poor in Chhattisgarh in 2010-11.
"By penetrating deeper into the state, ... Read more...
Posted in Business |
Ashok Leyland-Nissan JV to roll out LCVs in 2011
April 29th, 2010 - 8:39 pm ICT by IANS
Chennai, April 29 (IANS) The Ashok Leyland-Nissan joint venture will start rolling out its light commercial vehicles (LCVs) out of the former's Hosur facility near Bangalore as well as from Renault-Nissan's car ... Read more...
Posted in Business |
Indian road construction camp attacked in Afghanistan
April 11th, 2010 - 1:49 pm ICT by ANI
Kabul, Apr.11 (ANI): Armed militants attacked an Indian road construction camp in Domanda District in Afghanistan's eastern Khost province, destroying many vehicles and heavy machinery.No deaths or injuries were reported in ... Read more...
Posted in South Asia |
Hinduja Leyland Finance to disburse Rs.850 crore
April 1st, 2010 - 7:36 pm ICT by IANS
Chennai, April 1 (IANS) Non-banking finance company (NBFC) Hinduja Leyland Finance Limited is planning to disburse Rs.850 crore in the first year of its operations.
The company, which recently got the certification of ... Read more...
Posted in Business |
Magma Fincorp joins hands with VE Commercial Vehicles
March 8th, 2010 - 9:28 pm ICT by IANS
Kolkata, March 8 (IANS) Asset finance company Magma Fincorp Ltd Monday signed an agreement with VE Commercial Vehicles (VECV). The tie-up is for financing Eicher-branded trucks and buses.
The VECV is a 50-50 ... Read more...
Posted in Business |
Escorts registers 21 percent sales growth
January 15th, 2010 - 8:49 pm ICT by IANS
New Delhi, Jan 15 (IANS) Tractors and construction equipment manufacturer Escorts Ltd Friday said it has registered a 21.2 percent increase in sales during the October-December quarter.
Escorts, which follows an October-September accounting ... Read more...
Posted in Business |
Magma Fincorp net rises 161 percent in third quarter
January 12th, 2010 - 9:51 pm ICT by IANS
Kolkata, Jan 12 (IANS) Non-banking financial company Magma Fincorp saw its net profit rising 161 percent to Rs.17.9 crore in the third quarter, from Rs.6.9 crore it posted during the corresponding period ... Read more...
Posted in Business |
India seeks $3-bn World Bank aid for widening highways
November 25th, 2009 - 10:54 pm ICT by IANS
Bangalore, Nov 25 (IANS) India has approached the World Bank for $3 billion to fund widening of 7,000-km single-lane national highways into double lanes, Road Transport and Highways Minister Kamal Nath said ... Read more...
Posted in Business |
Manufacturing sector showing stronger signs of recovery due to stimulus: CII
November 23rd, 2009 - 1:33 am ICT by IANS
New Delhi, Nov 22 (IANS) India's manufacturing sector witnessed an increased rate of recovery in the second quarter this fiscal, primarily helped by government stimulus even as exports continued to decline, says ... Read more...
Posted in Business |
Hyundai Construction to focus on Uttar Pradesh
November 3rd, 2009 - 5:38 pm ICT by IANS
Lucknow, Nov 3 (IANS) Hyundai Construction Equipment India has said it will focus on the Uttar Pradesh market to boost the sales of its construction equipment.
"We are aware of the potential ... Read more...
Posted in Business |