Manufacturer

The temporary relaxation of a safeguard mechanism stating a list of approved solar makers in March has ushered in a flood of cheap imports, forcing local manufacturers to idle some capacity, Waaree Energies Ltd. Chairman Hitesh Doshi, said in an interview.

MG Motor India sells record 6,051 cars in March on chip sourcing measures

The strengthening of their semiconductor supplies through many localization initiatives and the easing of logistical bottlenecks have been the key factors in this achievement, the company said in a statement.

ArcelorMittal to shut Saldanha plant in South Africa, 1,000 workers affected

As part of a strategic operations review, the company found its Saldanha operations had lost cost competitive advantage in the export market

Reporter's Take | Volkswagen to go compact for easy access in India

Volkswagen’s (VW) dealer partners will open dozens of small stores called ‘pop-up stores’ that would be one-tenth the size of a regular showroom.

Reporter's Take | Slowdown in auto sector to continue in mid- to long-term

The industry has been grappling with regulatory and policy issues, tepid demand and a slowing economy.

Reporter's Take | Maruti Suzuki has to choose between hybrid and diesel

Uttaresh Venkateshwaran is in conversation with Moneycontrol's Swaraj Baggonkar to find out how Maruti Suzuki, one of India's most iconic carmakers, intends to refurbish its model range to stay ahead of the curve.

EXCLUSIVE: Ramco Cements likely to be debt-free in 6 months, says CEO

Ramco Cements has an integrated cement manufacturing capacity of 12.5 mln tn per year and a grinding capacity of 17 mln tn per year. All of this comes from its five integrated plants – three being in Tamil Nadu and one each in Andhra Pradesh and Karnataka.

Uniply Industries acquires 8.78% in UV Boards

Plywood and laminate manufacturer Uniply Industries has acquired 8.78 percent stake in UV Boards for a undisclosed sum.

Tata Motors bags Rs 50-crore order for vestibule buses

The 22.2 kms long BRTS corridor in Karnataka will bring back the articulated bus concept which was experimented by a few state governments earlier. Such buses are usually twice the size of a conventional bus linked together by a pivoting joint that helps aid maneuvering the vehicle.

Volkswagen registers sale of 4348 cars in December 2016

Volkswagen's product portfolio ranges from the likes of a mass market product – Ameo, to the powerful GTI targeted at auto enthusiasts, providing consumers with a wider choice to experience the brands robust build-quality, safety and class-leading driving experience.

US aircraft manufacturer to invest $767 million in China

A US aircraft manufacturer will invest USD 767 million (5.3 billion yuan) in northwest China's Shaanxi province to build a helicopter assembly line as well as a drone research and development centre.

Foxconn says in preliminary discussions to expand US operations

"While the scope of the potential investment has not been determined, we will announce the details of any plans following the completion of direct discussions between our leadership and the relevant US officials," it said in a statement.

TCS to implement unified global process blueprint for ASML

Recently, TCS set up an exclusive centre for ASML in its Hyderabad campus, which was inaugurated by chief information officer, Louis Luijten and executive vice president and chief financial officer of ASML, Wolfgang Nickl.

Caterpillar to manufacture 98 tonne off-road trucks in India

Caterpillar showcased their Cat 773E and 777E Off-Highway trucks to customers in International Mining & Machinery Exhibition (IMME) held in city.

Parle enters luxury chocolate segment with Friberg brand

The launch of the new chocolate brand is inspired by the growing demand for luxury chocolate offerings and changing consumer preferences from traditional sweets to premium chocolates as gifting options during the festive season.

Cosmo Films liquidates its Netherlands arm

"Cosmo Films (Netherlands) Cooperatief U.A (a wholly owned step down entity of CF Global Holding Mauritius Ltd) stands liquidated w.e.f October 28, 2016," the company informed BSE.

Vikram Solar partners with Finnwind to tap Finnish market

Vikram Solar's polycrystalline Eldora solar modules are certified for area loads of 5,400 Pa and are therefore especially suited to the extreme weather conditions in Finland, Vikram Solar said in a statement.

LIC reduces 2% stake in Arvind

The corporation has sold 51.85 lakh shares of the Ahmadabad-based Arvind Ltd between November 22, 2007 and October 7, 2016, the textile manufacturer said in a BSE filing.

Google buys cloud specialty firm Apigee for USD625 mn

APIs "are vital for how business gets done today in the fast-growing digital and mobile marketplace," Google senior vice president Diane Greene said in a blog post about the acquisition.

Bayer sweetens Monsanto bid as talks enter final stretch

Bayer's announcement came as the gap in price expectations between the two companies has narrowed significantly, although important terms, including potential divestitures in case of antitrust scrutiny, have yet to be agreed on.

Maintain operating margin of 18-22% in FY17: Vardhman Textiles

The company reported a subdued topline growth in the first quarter. This was due to decline in price of yarn and fabric, the the two biggest business segments for the company by almost 4 percent. But Jain says efforts were made to compensate by increase in productivity.

'Economic reforms will make India a global manufacturer'

If India wants to tap its immense potential and be a "global manufacturer" it should enact strong economic reforms and adopt a strategic approach with the rest of the world through global and regional trade agreements, a senior Singapore minister said today.

How ACE Designers was built: Vision & strategy

This episode of Making It Big is focusing on ACE Designers, which is India's largest manufacturer of CNC turning machine.

PM pushes 'obsolete' Tejas plane on reluctant military

Prime Minister Narendra Modi's decision, in line with his Make-in-India policy to encourage domestic industry, is a blow for not only the French manufacturer but also others circling over the Indian military aviation market worth billions of dollars.

Welspun shareholders approve borrowing up to Rs 500 cr

"Members by a Special Resolution have approved borrowing up to Rs 500 crore by issuance of securities through private placement," Welspun Corp Ltd said in a regulatory filing.