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Venezuela refinery blast: Toll rises to 26


August 26th, 2012 - 8:56 am ICT by IANS
Caracas, Aug 26 (IANS) The toll in a powerful blast at a refinery in Venezuela has risen to 26, officials said. A 10-year-old child was among the dead.The blast that ... Read more...

Posted in World |

Seven die in Venezuelan refinery blast


August 25th, 2012 - 5:12 pm ICT by IANS
Caracas, Aug 25 (IANS) At least seven people were killed and 48 injured Saturday in a gas explosion at an oil refinery in western Venezuela, media reports said.The incident took ... Read more...

Posted in World |

Maruti’s Rs.4,000 crore plant to come up in Gujarat


June 2nd, 2012 - 9:07 pm ICT by IANS
Gandhinagar, June 2 (IANS) Passenger car major Maruti Suzuki India Ltd Saturday signed a pact with the Gujarat government for setting up a Rs.4,000-crore vehicle manufacturing facility.Maruti Managing Director ... Read more...

Posted in Business |

Yamaha to set up Rs.1,500 crore plant in Tamil Nadu


May 14th, 2012 - 6:17 pm ICT by IANS
Chennai, May 14 (IANS) With demand for its premium bikes going up and sensing bigger opportunities, the India Yamaha Motor Pvt. Ltd. will be setting up here its largest plant ... Read more...

Posted in Business |

IOC to set up LNG terminal in Chennai


March 22nd, 2012 - 7:57 pm ICT by IANS
Chennai, March 22 (IANS) The Indian Oil Corporation Ltd (IOC) is confident of setting up its Rs.4,500 crore, five million tonne per annum (tpa) liquefied natural gas (LNG) terminal in ... Read more...

Posted in Business |

Daimler unveils BharatBenz trucks for India


March 2nd, 2012 - 3:04 pm ICT by IANS
Hyderabad, March 2 (IANS) Daimler India Commercial Vehicles Pvt Ltd (DICV), the Indian subsidiary of the world's leading truck manufacturer Daimler AG, Germany, Friday unveiled a range of trucks under ... Read more...

Posted in Business |

Piaggio re-enters Indian market with Vespa scooter


January 6th, 2012 - 10:00 pm ICT by IANS
New Delhi, Jan 6 (IANS) Italian two-wheeler maker Piaggio Friday showcased the gearless Vespa scooter targeted at a niche segment. It will hit the roads in April and will be ... Read more...

Posted in Business |

Wipro, Kawasaki form JV to make hydraulic pumps


December 6th, 2011 - 11:48 pm ICT by IANS
Bangalore, Dec 6 (IANS) Wipro's infrastructure engineering business unit Tuesday announced a joint venture (JV) with the Japanese major Kawasaki Heavy Industry to manufacture hydraulic pumps for excavators."The Wipro Kawasaki ... Read more...

Posted in Business |

Mahindra to re-open XUV bookings in January


December 3rd, 2011 - 1:12 am ICT by IANS
Mumbai, Dec 2 (IANS) Automobile major Mahindra and Mahindra Friday said it will re-open bookings of its new sports utility vehicle (SUV)-- XUV5OO in January 2012."The XUV5OO had received over ... 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 |

Shree Ganesh Jewellery in JV with Italian firm for Rs.100 cr plant


October 28th, 2011 - 6:03 pm ICT by IANS
Kolkata, Oct 28 (IANS) Shree Ganesh Jewellery House Limited (SGJHL), one of the largest manufacturers and exporters of handcrafted gold and diamond jewellery in India, Friday formed a joint-venture with ... Read more...

Posted in Uncategorized |

Mahindra receives more than 5,000 bookings for XUV5OO


October 7th, 2011 - 8:58 pm ICT by IANS
Mumbai, Oct 7 (IANS) Automobile major Mahindra and Mahindra Friday said that it has received more than 5,000 bookings for its newly launched sports utility vehicle (SUV), the XUV500, in ... Read more...

Posted in Uncategorized |

Mahindra launches premium sports utility vehicle XUV500


September 29th, 2011 - 4:13 pm ICT by IANS
Pune, Sep 29 (IANS) Automobile major Mahindra & Mahindra Thursday launched its premium sports utility vehicle (SUV) -- XUV500 - with an introductory price ranging from Rs.10.8 lakh to Rs.12.88 ... Read more...

Posted in Business |

Peugeot to set up Rs.4000 crore facility in Gujarat


September 2nd, 2011 - 1:04 am ICT by IANS
Gandhinagar, Sep 1 (IANS) Global automobile major Peugeot Citroen Automobiles (PCA) Thursday signed an agreement with the Gujarat government to set up an automobile manufacturing plant near Sanand at ... Read more...

Posted in Business |

French auto giant PSA Peugeot to invest Rs.4,000 crore in Tamil Nadu


June 29th, 2011 - 6:14 pm ICT by IANS
Chennai, June 29 (IANS) Europe's second largest automobile maker PSA Peugeot Citroen (Peugeot) has decided to set up an integrated automobile project near the Tamil Nadu state capital at an ... Read more...

Posted in Business |

Lavazza plans to make India its second biggest coffee market


January 28th, 2011 - 6:34 pm ICT by IANS
Hyderabad, Jan 28 (IANS) Launching its new manufacturing facility in India, Lavazza, world leader in the coffee market, Friday said it plans to develop India as its second largest coffee market in ... Read more...

Posted in Business |

Binani Cement, Gujarat government sign MoU worth Rs.42 bn


January 13th, 2011 - 9:47 pm ICT by IANS
Gandhinagar, Jan 13 (IANS) Binani Cement Thursday said it has signed an agreement worth Rs.4,200 crore (Rs.42 billion) with the Gujarat government to set up a 610 megawatt power plant, a cement ... Read more...

Posted in Business |

12 injured as villagers clash with police over port project


December 30th, 2010 - 7:39 pm ICT by IANS
Bhubaneswar, Dec 30 (IANS) At least 12 people, including five policemen, were hurt when hundreds of villagers clashed with police Thursday in Orissa's Balasore district protesting a port project in their region, ... Read more...

Posted in Business |

Vikram Solar invests Rs.100 crore in green power


March 10th, 2010 - 5:56 pm ICT by IANS
Kolkata, March 10 (IANS) Vikram Solar Private Ltd. has invested Rs.100 crore at its plant at Falta, a special economic zone (SEZ) in West Bengal's South 24 Parganas district, for producing solar ... Read more...

Posted in Business |

Dhaka, Delhi get moving on power grid connectivity


February 19th, 2010 - 12:04 pm ICT by IANS
Dhaka, Feb 19 (IANS) The Bangladesh government will invite tenders this month for installation of a transmission line that will be connected to the power grid of India to facilitate the ... Read more...

Posted in Business |

Audi to assemble its sports utility vehicles in India


September 3rd, 2009 - 7:16 pm ICT by IANS
New Delhi, Sep 3 (IANS) German luxury car manufacturer Audi AG Thursday said it would start assembling its sports utility vehicle (SUV) Q5 at its Aurangabad plant in Maharashtra from next March. ... Read more...

Posted in Business |

Ashok Leyland-Nissan truck to hit the road mid-2010


August 28th, 2009 - 9:28 pm ICT by IANS
New Delhi, Aug 28 (IANS) The joint venture between commercial vehicle maker Ashok Leyland and Japan's Nissan Motors will roll out its first product by middle of next year. "We will be rolling ... Read more...

Posted in Business |

Government targets 100,000 carats of diamonds from Panna mines


August 26th, 2009 - 2:49 pm ICT by IANS
By Vishal Gulati Shimla, Aug 26 (IANS) State-run National Mining Development Corp (NMDC) plans to produce close to 100,000 carats of diamonds from the Panna diamond mines in Madhya Pradesh by 2010-11, Steel ... Read more...

Posted in Business |

Pakistan to be supplied with 8 billion cubic metres of Iranian gas annually


May 29th, 2009 - 5:11 pm ICT by ANI
Nicosia, May 29 (ANI): Iran and Pakistan on Thursday signed in Tehran a deal for the supply of eight billion cubic meters of natural gas annually under an agreed price formula which ... Read more...

Posted in Business |

Ashok Leyland to use Nissan-Renault’s Chennai facility


May 15th, 2009 - 11:01 pm ICT by IANS
Chennai, May 15 (IANS) Ashok Leyland Nissan Vehicles, whose proposed plant here to make commercial vehicles has been delayed due to land acquisition problems, may use the car manufacturing facility of Nissan-Renault, ... Read more...

Posted in Business |

Tata’’s Nano, one man’’s gain, another’’s loss


March 21st, 2009 - 2:45 pm ICT by ANI
Sanand (Gujarat)/Singur, Mar 21 (ANI): As Tata Motors is all set to launch Nano, the world''s cheapest car, on Monday, residents in Sanand, where Tata''s new Nano plant is being set ... Read more...

Posted in National |

India to contribute wheat for SAARC food bank


November 5th, 2008 - 7:53 pm ICT by IANS
New Delhi, Nov 5 (IANS) Despite banning wheat exports, India will contribute 153,000 tonnes of the grain to set up a food bank for tackling food crisis in certain SAARC countries, the ... Read more...

Posted in Business |

Why Tata chose Gujarat for Nano over other states


October 7th, 2008 - 9:02 pm ICT by IANS
Gandhinagar, Oct 7 (IANS) Tata Motors opted for Gujarat over several other states for its Nano project because of the speed at which the state acted after the auto major pulled out ... Read more...

Posted in Business |

Anjani Udyog to set up textile plant in Mundra SEZ


October 1st, 2008 - 4:44 pm ICT by IANS
Ahmedabad, Oct 1 (IANS) Anjani Nonwovens, part of the Gurgaon-based Anjani Udyog Pvt Ltd, will invest Rs.1.2 billion ($26 million) to set up a spunlace plant at the Mundra special economic zone ... Read more...

Posted in Business |

Chinese footwear giant starts operations in India


August 1st, 2008 - 7:03 pm ICT by IANS
New Delhi, Aug 1 (IANS) Chinese footwear giant Aokang International, which is the official leather goods supplier to the Beijing Olympics, will invest Rs.3 billion ($75 million) to set up a chain ... Read more...

Posted in Business |

Sajjan Jindal plans deep seaport in Orissa


July 25th, 2008 - 8:41 pm ICT by IANS
Kolkata, July 25 (IANS) The Jindal South West (JSW) group is planning to invest Rs.15-20 billion to set up a deep seaport in Orissa, a top company official said here Friday. "We ... Read more...

Posted in Business |

Tube Investments to launch electric scooters


June 12th, 2008 - 10:23 pm ICT by IANS
Chennai, June 12 (IANS) Tube Investments of India Ltd, part of the Rs.95.82 billion ($2.3 billion) Murugappa group, inaugurated its new electric scooter plant here Thursday. Tube Investments manufactures cycles, automotive and ... Read more...

Posted in Business |

US-based Timken starts new plant near Chennai


April 16th, 2008 - 6:04 pm ICT by admin
Chennai, April 16 (IANS) US-based Timken Company's wholly owned subsidiary Timken India Manufacturing Private Limited plant was inaugurated Wednesday in Mahindra World City Special Economic Zone (SEZ) near Chennai. The $25 million ... Read more...

Posted in Business |

General Motors to make low-cost cars


March 17th, 2008 - 7:37 pm ICT by admin
New Delhi, March 17 (IANS) General Motors (GM), which offers products under the Chevrolet brand in India, will manufacture cheaper cars in the next few years without compromising on its standard, said ... Read more...

Posted in Business |

Bajaj to foray into low-cost small car segment


January 8th, 2008 - 8:08 pm ICT by admin
New Delhi, Jan 8 (ANI): Bajaj Auto Limited on Tuesday formally announced its plan to launch a low-cost small car in two to four years. Bajaj's announcement comes two days before Tata Motors ... Read more...

Posted in Business |

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