Metro Tyres to invest Rs.100 crore to expand production
July 5th, 2012 - 5:44 am ICT by IANS
New Delhi, July 4 (IANS) In line with the robust two-wheeler sales in the country, Metro Tyres will expand its production capacity, investing Rs.100 crore in the next five ... Read more...
Posted in Business |
Huawei unveils gigabit switches for Indian enterprises
June 25th, 2012 - 10:40 pm ICT by IANS
Bangalore, June 25 (IANS) Chinese telecom major Huawei Telecommunications (India) Ltd Monday unveiled the latest series of gigabit switches and routers to enable Indian enterprises use its next-generation ICT products ... Read more...
Posted in Business |
‘Revised defence offsets policy will encourage Indian SME sector’
May 8th, 2012 - 9:12 pm ICT by IANS
Chennai, May 8 (IANS) A major portion of the defence offsets opportunity for Indian companies is in the areas of engineering outsourcing, maintenance, repair and overhaul, with the revised policy ... Read more...
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Tata to pitch trucks to Malaysian armed forces
April 23rd, 2012 - 10:03 pm ICT by IANS
New Delhi, April 23 (IANS) Vehicles major Tata Motors announced Monday that it has signed a cooperation agreement with a Malaysian firm to develop, promote and market the Indian company's ... Read more...
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Indian Army fast-tracks air defence guns’ purchase
April 13th, 2012 - 11:23 pm ICT by IANS
New Delhi, April 13 (IANS) Exactly a month after army chief Gen. V.K. Singh highlighted gaps in the country's defence preparedness in a letter to Prime Minister Manmohan Singh, ... Read more...
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Defence industry commission under PMO proposed (Lead)
April 2nd, 2012 - 6:52 pm ICT by IANS
New Delhi, April 2 (IANS) Against the backdrop of India emerging as the world's largest importer of arms, an industry lobby and a global consultancy Monday recommended the setting up ... Read more...
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‘Form defence industry commission under PMO’
April 2nd, 2012 - 5:31 pm ICT by IANS
New Delhi, April 2 (IANS) Against the backdrop of India emerging as the world's largest importer of arms, an industry lobby and a global consultancy have recommended the setting up ... Read more...
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Wipro unveils slimmest ultrabook for Indian market
February 21st, 2012 - 7:34 pm ICT by IANS
Bangalore, Feb 21 (IANS) IT bellwether Wipro Infotech Tuesday unveiled what it claimed to be India's first and slimmest ultrabook for the domestic market spanning enterprise and retail segments.Powered by ... Read more...
Posted in Sci-Tech |
$2 bn aerospace, defence exports by India in 2011-12: Assocham
January 27th, 2012 - 4:25 pm ICT by IANS
New Delhi, Jan 27 (IANS) India's aerospace and defence exports are likely to clock $2 billion in fiscal 2011-12 to March 31, industry lobby Assocham says.
With about 18 percent ... Read more...
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Intel ships new Atom processors to PC makers
December 29th, 2011 - 7:22 pm ICT by IANS
Bangalore, Dec 29 (IANS) Global chip maker Intel Corporation began shipping its new mobile Atom processors with more features and longer battery life to manufacturers of personal computers (PC), laptops, ... Read more...
Posted in Sci-Tech |
‘Huge potential for India-Italy defence industry cooperation’
November 1st, 2011 - 7:45 pm ICT by IANS
New Delhi, Nov 1 (IANS) There is tremendous potential for defence cooperation between India and Italy and the opportunities have grown manifold with the reforms introduced in this country's offsets ... Read more...
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India to gain from boom in electric vehicles
October 7th, 2011 - 4:16 pm ICT by IANS
Chennai, Oct 7 (IANS) With its software talent pool, India is in a better position to benefit from new vehicle technologies like electric vehicles, experts here said Friday.
Nearly 40 percent ... Read more...
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Wipro to develop software for Saab’s e-warfare system
September 15th, 2011 - 7:31 pm ICT by IANS
Bangalore, Sep 15 (IANS) Wipro Ltd has entered into a strategic alliance with Saab AB to develop and market protective software for the Swedish major's Land Electronic Defence System (LEDS) ... Read more...
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Comstar Automotive strike continues for 14th day
August 24th, 2011 - 4:05 pm ICT by IANS
Chennai, Aug 24 (IANS) With the management and workers of Comstar Automotive Technologies Pvt Ltd unrelenting from their respective stands, the workers' strike at the company's plant near here continued ... Read more...
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Workers’ strike at Comstar Automotive enters day 13
August 23rd, 2011 - 12:15 pm ICT by IANS
Chennai, Aug 23 (IANS) The worker's strike at the auto ancillary company Comstar Automotive Technologies Pvt Ltd entered the 13th day Tuesday, with the two parties involved in the dispute ... Read more...
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Workers’ strike at Comstar Automotive enters 10th day
August 20th, 2011 - 5:53 pm ICT by IANS
Chennai, Aug 20 (IANS) Workers' strike at the automotive component maker Comstar Automotive Technologies Pvt Ltd near here in Tamil Nadu continued for the 10th day Saturday.Around 425 workers of ... Read more...
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Striking Comstar Automotive workers plan fast
August 19th, 2011 - 1:44 pm ICT by IANS
Chennai, Aug 19 (IANS) Striking workers at the automotive component maker Comstar Automotive Technologies Pvt Ltd plan fast along with their family members as their next course of action if ... Read more...
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DuPont to set up new innovation centre for automobile sector
July 14th, 2011 - 8:26 pm ICT by IANS
New Delhi, July 14 (IANS) International conglomerate DuPont Thursday said it will set up a new innovation centre in Pune to conduct research and development (R&D;) work for the country's ... Read more...
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Maruti strike spreads to other automobile plants (Second lead)
June 15th, 2011 - 11:12 pm ICT by IANS
New Delhi, June 15 (IANS) The 12-day-long strike at Maruti Suzuki's plant in Haryana's Manesar town Wednesday spread to other automobile manufacturing plants with their unions deciding to go on ... Read more...
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Wipro ties up for aerospace component unit
May 25th, 2011 - 11:47 pm ICT by IANS
Bangalore, May 25 (IANS) Indian IT bellwether Wipro's Infrastructure Engineering division tied up with European Aeronautic Defence and Space company's Spanish subsidiary CESA (Compania De Sistemas Aeronauticos S.A.) to set ... Read more...
Posted in Sci-Tech |
Wipro acquires majority stake in Brazil-based manufacturer
May 11th, 2011 - 3:15 pm ICT by IANS
New Delhi, May 11 (IANS) Indian IT bellwether Wipro Ltd Wednesday said it has signed an agreement to acquire majority stake in Brazil-based hydraulic cylinder manufacturer RKM Equipamentos Hidraulicos."Subject to ... Read more...
Posted in Sci-Tech |
Attero Recycling to set up e-waste unit in Bangalore
May 9th, 2011 - 3:24 pm ICT by IANS
Chennai, May 9 (IANS) To cut down its freight cost and carbon footprint, Noida-based Attero Recycling -- India's first integrated electronic waste (e-waste) recycling company -- has decided to set ... Read more...
Posted in Business |
Huge forex loss hits MindTree net in fiscal 2010-11
April 21st, 2011 - 11:30 pm ICT by IANS
Bangalore, April 21 (IANS) Leading IT services and product firm MindTree Ltd suffered a forex loss of $10.7 million year-on-year (YoY), resulting in its consolidated net profit declining by a ... Read more...
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‘No immediate impact of Japanese tsunami on Indian auto sector’
March 28th, 2011 - 7:19 pm ICT by IANS
Chennai, March 28 (IANS) The Japanese earthquake and tsunami may not adversely affect the Indian automobile sector in the short term, but the impact over medium to long term will ... Read more...
Posted in Business |
India invites aerospace majors for partnerships, outsourcing
February 9th, 2011 - 3:53 pm ICT by IANS
Bangalore, Feb 9 (IANS) India Wednesday invited leading international aerospace firms to partner with its strong defence organisations, state-run enterprises and the emerging private sector for the all-round development of its aerospace ... Read more...
Posted in Business |
Swiss firm to set up machine tools plant in Bangalore
January 19th, 2011 - 11:32 pm ICT by IANS
Bangalore, Jan 19 (IANS) Global turnkey solutions provider StarragHeckert AG will set up a machine tools plant here with an upfront investment of Rs.500 million (Rs.50 crore), a top official said Wednesday."This ... Read more...
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Industry bodies see future in new defence policies
January 13th, 2011 - 11:35 pm ICT by IANS
New Delhi, Jan 13 (IANS) As the defence ministry unveiled its new production and procurement policies, leading industry bodies Thursday reacted favourably to the goal of India eventually achieving self-reliance in military ... Read more...
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Tafe to invest Rs.1 bn to expand battery capacity
December 1st, 2010 - 8:57 pm ICT by IANS
Chennai, Dec 1 (IANS) Tractor major and storage battery maker TAFE Ltd will invest Rs.1 billion (Rs.100 crore) for increasing the capacity of its valve regulated lead acid (VRLA) battery at its ... Read more...
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US, UAE to boost defence trade
October 6th, 2010 - 12:12 am ICT by IANS
Abu Dhabi, Oct 5 (IANS/WAM) Representatives of more than 50 defence and aerospace companies from the US have met the deputy chief of staff of the United Arab Emirates (UAE) to discuss ... Read more...
Posted in Business |
Wipro partners with Oracle to offer analytics solutions
September 3rd, 2010 - 11:44 pm ICT by IANS
Bangalore, Sep 3 (IANS) Indian IT bellwether Wipro has teamed up with global enterprise software products firm Oracle to offer a warranty management and analytics solution for industrial manufacturing, automotive and high-tech ... Read more...
Posted in Business |
JK Tyre enters Tamil Nadu with Rs.1500 crore plant
August 4th, 2010 - 8:51 pm ICT by IANS
Chennai, Aug 4 (IANS) JK Tyre and Industries plans to beef up its topline adding Rs.2,000 crore with a new radial tyre plant in Sriperumbudur near here from fiscal 2012-13 onwards, said ... Read more...
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Indian industry split on FDI cap in defence manufacturing? (Lead)
July 26th, 2010 - 6:50 pm ICT by IANS
New Delhi, July 26 (IANS) India Inc. seems split on capping foreign direct investment (FDI) in defence manufacturing with a leading lobby asserting Monday that this should remain at the present 26 ... Read more...
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Retain 26 percent FDI cap in defence manufacturing: FICCI
July 26th, 2010 - 5:36 pm ICT by IANS
New Delhi, July 26 (IANS) A leading industry lobby Monday cautioned against raising the 26 percent cap in foreign direct investment, saying a decision on this "will require careful thinking and analysis".
"The ... Read more...
Posted in Business |
Rane Brake Lining to expand capacity
July 21st, 2010 - 8:18 pm ICT by IANS
Chennai, July 21 (IANS) City-based automotive brakeling manufacturer Rane Brake Lining will expand its Hyderabad and Tiruchirapalli plant capacities to meet the export and after market demands, a top company official said ... Read more...
Posted in Business |
Ruia Group may acquire European auto-component company
July 15th, 2010 - 10:34 am ICT by IANS
By Aparajita Gupta
Kolkata, July 15 (IANS) The Ruia Group, known for its buying spree, could acquire a European auto component company soon, chairman Pawan Kumar Ruia said."We are trying to close a ... Read more...
Posted in Business |