The said facility is built over 72 hectares and the company is investing euro 475 million.
Apollo Tyres is setting up Europe's largest greenfield plant in Hungary with an investment of 475 million euros to produce nearly 62 lakh tyres for passenger cars and heavy commercial vehicles per annum.
The MoU will be signed between Ministry of Water Resources and Ganga Rejuvenation and the Ministry of Interior, Hungary. It will enhance bilateral cooperation in the field of water management, on the basis of equality and mutual benefits.
Auto component major Motherson Sumi Systems Ltd (MSSL) will be acquiring the automotive business unit of Abraham and Co Ltd in Hungary for about Rs 77 crore.
Europe is facing its largest refugee crisis since World War II, and policymakers are struggling to cope with it. Divided opinion on how to handle the influx of migrants â€” averaging 8,000 a day â€” has slowed decisionmaking.
The ministers were holding emergency talks to discuss plans unveiled last week by European Commission chief Jean-Claude Juncker to redistribute 120,000 refugees from overstretched Greece, Italy and Hungary.
After days of confrontation and chaos, Hungary‘s right-wing government deployed dozens of buses to take migrants from Budapest and pick up over 1,000 â€“ many of them refugees from the Syrian war â€“ who had set off by foot on Friday down the main highway to Vienna.
Record numbers of migrants are heading to Europe's borders, hoping to escape violence and instability across the Middle East and North Africa. Europe's border agency recorded 340,000 illegal entries into the European Union in the first seven months of the year.
The migrant crisis in Europe takes a more painful turn. Hungary's Prime Minister is in Brussels to meet EU leaders as migrants continue to protest outside a railway station in Budapest. The Hungarian police are blocking protesters from boarding trains to other parts of Europe.
The sale includes Citi's retail banking, consumer loans, and cards businesses and the transfer of consumer banking employees, the US bank said on Wednesday.
But a growing number are now arguing that the supposed weakness -- largely fueled by fears of slower Chinese growth -- is overblown and recent market declines are more of a buying opportunity than a reason to sell.
The first product is expected to be rolled out from the plant in early 2017 and the facility will create around 1,000 jobs in the country. The plant will have a capacity to produce 5.5 million passenger car and light truck (PCLT) tyres and 6,75,000 heavy commercial vehicle (HCV) tyres per annum.
According to the 'Sunday Times', JLR executives have been weighing up bids from Slovakia, Hungary, the Czech Republic and Turkey for the factory, which will make about 200,000 cars a year. Senior industry sources told the newspaper that Poland had offered "huge" incentives.
Dr. Nash, and his wife, Alicia, 82, were killed when the taxi they were riding in lost control and hit a guard rail and another vehicle, said Sgt. Gregory Williams of the New Jersey State Police.
India remained the most bullish consumer market, while Italy became the most pessimistic, according to the survey by global information and insights company Nielsen.
According to the company, its project in Hungary involves investments of 442.2 million euros and is expected to create over 975 now jobs. It is to be carried out in Gyongyoshalasz, in Northern Hungary, the commission said in a statement.
Speaking to CNBC-TV 18, Pankaj Vaish, Head of Market, Citi South Asia, said India has been relatively in a better shape than other emerging markets, adding that if the selloff comes with a serious China slowdown, then it could be a cause of concern.
Calm appeared to have returned to emerging markets over the past week after concerns about a slowing Chinese economy and a US stimulus wind-down sent fast money investors fleeing and whipped up near-panic selling of currencies.
VC Sehgal, chairman, Motherson Sumi says, in an interview to CNBC-TV18, that the order book is healthy while the levels of consolidated debt reduced considerably during the quarter.
With up and coming spots in Europe as the focus, the editors and members of travel website VirtualTourist (www.virtualtourist.com) have compiled a list of the "Top 10 European Cities To See Now".
Credit spreads tightened significantly and that meant that investors preferred investing in EM local currency bonds this year as they seemed more attractive with high yields.
A former Soviet military airport in western Hungary where MIG fighter jets landed for decades when Hungary was under Soviet rule is now receiving a different type of Russian visitor - tourists arriving in charter flights.
A spat has broken out between Hungary's Economy Ministry and Roubini Global Economics about who is to blame for the downward spiral of the national currency, the forint, after Roubini's firm Roubini Global Economics (RGE) recommended shorting the currency.
Paper-to-power conglomerate Avantha Group is on a restructuring drive in an attempt to ensure fresh capital infusion, cost-trimming and improvement in margins.