subsidiary

Mitsubishi to build plant in Mexico


September 7th, 2012 - 12:33 pm ICT by IANS
Tokyo, Sep 7 (IANS/EFE) Japan's Mitsubishi Heavy Industries Ltd. said it has reached an agreement with Mexico's Federal Electricity Commission, or CFE, to build a 50 MW geothermal power plant ... Read more...

Posted in Business |

UBI to seek Rs.1,000 crore from government


August 16th, 2012 - 7:09 pm ICT by IANS
Kolkata, Aug 16 (IANS) Public sector lender Union Bank of India (UBI) will seek capital investment up to Rs.10 billion from the central government to clock around 18-20 percent growth ... Read more...

Posted in Business |

Motorola Mobility to cut 4,000 jobs


August 14th, 2012 - 1:24 pm ICT by IANS
San Francisco, Aug 14 (IANS) Google has confirmed that Motorola Mobility, now a wholly-owned subsidiary of the internet search giant, will cut about 4,000 jobs or 20 percent of its ... Read more...

Posted in Sci-Tech |

Chinese firm exports high-speed train parts to Europe


August 10th, 2012 - 1:35 pm ICT by IANS
Beijing, Aug 10 (IANS) One of China's leading locomotive producers said Friday that it has delivered a batch of high-speed train compartments ordered by Siemens AG, marking the first such ... Read more...

Posted in Sci-Tech |

Chinese airlines to buy 40 Boeing planes


August 7th, 2012 - 8:08 pm ICT by IANS
Beijing, Aug 7 (IANS) China's Xiamen Airlines has signed an agreement with American aviation giant Boeing to buy 40 737 aircraft worth over $3 billion.Xiamen Airlines is a subsidiary of ... Read more...

Posted in World |

Mahindra & Mahindra grows 19 percent in July


August 1st, 2012 - 5:04 pm ICT by IANS
Chennai, Aug 1 (IANS) Utility vehicle major Mahindra & Mahindra Ltd (M&M;) closed July with 19 percent growth in sales selling 47,059 units.In a statement issued Wednesday, M&M; said the ... Read more...

Posted in Business |

Power heads of five states face watchdog action


July 31st, 2012 - 9:30 pm ICT by IANS
New Delhi, July 31 (IANS) As half of India faced a major power outage Tuesday, India's power watchdog has summoned top officials of five errant states to appear before it ... Read more...

Posted in Business |

Hydropower project: Court notice to Himachal


July 30th, 2012 - 10:54 pm ICT by IANS
Shimla, July 30 (IANS) The Himachal Pradesh High Court Monday directed the state government to file an affidavit on the steps taken to direct a private company running a hydropower ... Read more...

Posted in Business |

Dhunseri acquires tea estates in Africa


July 28th, 2012 - 7:38 pm ICT by IANS
Kolkata, July 28 (IANS) Kolkata-based Dhunseri Petrochem & Tea Limited (DPTL) has acquired tea estates in the southeastern African country of Malawi, the company said in a regulatory filing.The company ... Read more...

Posted in Business |

General Motors imposes lockout at Brazil complex


July 25th, 2012 - 12:03 pm ICT by IANS
Sao Paulo, July 25 (IANS/EFE) The Brazilian subsidiary of General Motors said Tuesday that it was suspending production at its manufacturing complex in Sao Jose dos Campos pending an agreement ... Read more...

Posted in Business |

LIC Housing Finance profit falls by 11 percent


July 24th, 2012 - 6:13 pm ICT by IANS
Mumbai, July 24 (IANS) LIC Housing Finance Tuesday said its profit fell by 11.32 percent to Rs.227.74 crore in the April-June 2012 quarter as compared to Rs.256.50 crore in the ... Read more...

Posted in Business |

S&P; raises Tata Motors ratings


July 9th, 2012 - 5:38 pm ICT by IANS
New Delhi, July 9 (IANS) Global ratings agency Standard & Poor's (S&P;) Monday it has revised upward its rating on Tata Motors to 'BB' from 'BB-' due to the improved ... Read more...

Posted in Business |

Apple pays $60 mn for iPad trademark in China


July 2nd, 2012 - 5:32 pm ICT by IANS
Beijing, July 2 (IANS) Apple Inc. has agreed to pay $60 million to Proview Technology (Shenzhen) to settle the dispute over the iPad trademark, a court announced Monday.Apple has transferred ... Read more...

Posted in World |

Air India Express slashes Chennai-Trichy fares


June 29th, 2012 - 5:32 pm ICT by IANS
Chennai, June 29 (IANS) In order to attract passengers during the lean season, Air India Express, the subsidiary of Air India, has drastically slashed its fares on the Chennai-Tiruchirapalli (Trichy) ... Read more...

Posted in Business |

Birla Corp. mulling cement plant in Ethiopia


June 28th, 2012 - 8:38 pm ICT by IANS
Kolkata, June 28 (IANS) Birla Corporation, a flagship company of the M.P. Birla Group, is mulling setting up its first overseas cement plant in Ethiopia, a top company official said ... Read more...

Posted in World |

IKEA to invest $1.9 billion in India


June 22nd, 2012 - 7:36 pm ICT by IANS
New Delhi, June 22 (IANS) Sweden-based IKEA, the world's largest furniture maker, will invest around $1.9 billion (Rs.10,500 crore) in opening 25 retail stores in India, Commerce and Industry Minister ... Read more...

Posted in Business |

Racold Thermo eyes Rs.150 crore market


June 20th, 2012 - 11:49 pm ICT by IANS
Kolkata, June 20 (IANS) Pune-based Racold Thermo Ltd. is planning to achieve three-fold growth in its solar heater business to Rs.1.5 billion, a company official said Wednesday here."We are eyeing ... Read more...

Posted in Sci-Tech |

Honda’s third manufacturing unit to be ready in 2013


June 20th, 2012 - 11:33 pm ICT by IANS
Kolkata, June 20 (IANS) Honda Motorcycle & Scooter India's third manufacturing unit - in Bangalore - is expected to be ready in 2013, a top company official said Wednesday."The 1.2 ... Read more...

Posted in Business |

Reliance Communications to list sub-sea cable business in Singapore


June 13th, 2012 - 5:16 pm ICT by IANS
Chennai, June 13 (IANS) Telecom major Reliance Communications Ltd., part of the Anil Dhirubhai Ambani Group (ADAG), plans to list its sub-sea cable infrastructure network in Singapore through a business ... Read more...

Posted in Business |

US slaps sanctions on Syrian bank


May 31st, 2012 - 12:48 am ICT by IANS
Washington, May 30 (IANS) The US Wednesday imposed sanctions on the Syria International Islamic Bank (SIIB) for its role in helping other Syrian banks evade sanctions.The US Treasury Department accused ... Read more...

Posted in World |

ITC’s Sri Lankan subsidiary acquires land in Colombo


May 16th, 2012 - 12:21 am ICT by IANS
Kolkata, May 15 (IANS) Cigarette-to-hotel multi-business major ITC Ltd. Tuesday said its wholly-owned subsidiary WelcomHotels Lanka Private Limited (WLPL) has acquired land in Colombo to set up a mixed-used ... Read more...

Posted in South Asia |

Suzuki looking at India as a two-wheeler export hub


May 15th, 2012 - 6:30 pm ICT by IANS
Kolkata, May 15 (IANS) Japanese two-wheeler major Suzuki Motor Corporation Tuesday said it is looking at the possibility of making India an export hub."We have recently started exports (of two-wheelers) ... Read more...

Posted in Business |

Yahoo CEO steps down


May 14th, 2012 - 6:03 am ICT by IANS
Washington, May 14 (IANS) Yahoo chief executive officer (CEO) Scott Thompson has resigned and the company has named Ross Levinsohn as interim CEO, Yahoo said Sunday.The company said its board ... Read more...

Posted in World |

Suzlon’s arm bags orders worth $387 mn in two months


April 23rd, 2012 - 3:05 pm ICT by IANS
Mumbai, April 23 (IANS) India's wind turbine manufacturing major Suzlon Energy Monday said its group subsidiary REpower Systems has bagged cumulative orders worth $387 million across Europe over a two-month ... Read more...

Posted in Business |

Reliance writes off 90 percent investments in Deccan 360


April 20th, 2012 - 10:15 pm ICT by IANS
Mumbai, April 20 (IANS) Reliance Industries' subsidiary Reliance Industrial and Investments Holding Friday said it has written off 90 percent of investments in aviation cargo and logistics company Deccan 360.According ... Read more...

Posted in Uncategorized |

Infosys to hire 35,000 techies this fiscal


April 13th, 2012 - 11:10 pm ICT by IANS
Bangalore, April 13 (IANS) India's second largest IT bellwether Infosys Ltd and its subsidiaries would hire 35,000 people (gross addition) in fiscal 2012-13, about 10,000 less than last fiscal (2011-12), ... Read more...

Posted in Sci-Tech |

Lakshmi Machine Works to expand Chinese operations (Lead)


April 12th, 2012 - 1:00 am ICT by IANS
Chennai, April 11 (IANS) China-based Renminbi 220 million turnover LMW Textile Machinery (Suzhou) Co Ltd, a wholly owned subsidiary of the Coimbatore-headquartered Lakshmi Machine Works Ltd, has decided to expand ... Read more...

Posted in Business |

Lakshmi Machine Works to expand Chinese operations


April 12th, 2012 - 12:40 am ICT by IANS
Chennai, April 11 (IANS) China-based Renminbi 220 million turnover Lakshmi Machine Works (LMW) Textile Machinery (Suzhou) Co Ltd, a wholly owned subsidiary of the Coimbatore headquartered LMW Ltd has decided ... Read more...

Posted in Business |

CCL’s production reaches 48.01 MT in 2011-2012


April 3rd, 2012 - 9:14 pm ICT by IANS
Ranchi, April 3 (IANS) Central Coalfields Limited (CCL), a subsidiary of Coal India Ltd(CIL), has produced 48.01 million tonnes (MT) coal in 2011-12, over the previous fiscal's total 47.52 MT, ... Read more...

Posted in Business |

Conciliation meeting between Ford India union and management Tuesday


April 3rd, 2012 - 1:29 am ICT by IANS
Chennai, April 2 (IANS) A conciliation meeting is to be held Tuesday between Ford India Employees Union (FIEU) and the management of car maker Ford India Pvt Ltd before the ... Read more...

Posted in Business |

Jharkhand stops land acquisition for BCCL


March 23rd, 2012 - 7:58 pm ICT by IANS
Ranchi, March 23 (IANS) The Jharkhand government has stopped land acquisition for Coal India Ltd. (CIL) subsidiary Bharat Coking Coal Limited (BCCL) as it was not following the prescribed rehabilitation ... Read more...

Posted in Business |

Himachal’s cement production to go up


March 22nd, 2012 - 7:56 pm ICT by IANS
Shimla, March 22 (IANS) Himachal Pradesh is annually producing more than nine million tonnes of cement and the amount will further increase with the commissioning of a new facility in ... Read more...

Posted in Business |

Russia to build mini drone


March 15th, 2012 - 4:53 pm ICT by IANS
Moscow, March 15 (IANS/RIA Novosti) Russian warplane maker Irkut has signed a contract with Vietnam to build a small unmanned aerial vehicle (UAV), a media report said Thursday.The $10 million ... Read more...

Posted in World |

Eurocopter’s 2011 market share at 65 percent


March 13th, 2012 - 10:38 pm ICT by IANS
New Delhi/Hyderabad, March 13 (IANS) Helicopter manufacturer Eurocopter Tuesday reported that it had gained a market share of 65 percent in the first year of its Indian operations in 2011.The ... Read more...

Posted in Business |

Qbend launches platform for publishers to go online


February 23rd, 2012 - 7:46 pm ICT by IANS
New Delhi, Feb 23 (IANS) US-based enterprise Qbend Thursday launched a "first-of-its-kind" platform for publishers to set up customised online portals to sell ebooks.Claiming that the company will revolutionise the ... Read more...

Posted in Business |

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