May 17, 2017 02:52 PM IST
"In rupee terms, overall for India and Europe would be about Rs 2,500 crore, almost split equally between India and Europe," Apollo Tyres Chief Financial Officer Gaurav Kumar said in an analyst call. For the European operations, the company has earmarked a capex of about 180 million euro for the current fiscal.
- May 10, 2017 03:45 PM IST
"As we are moving fast towards industrial revolution, the MSMEs are playing major role in making our nation a manufacturing and technology hub," Fadnavis said after laying the foundation stone of the new building of an MSME technology centre at the Institute of Design of Electrical Measuring Instrument here.
- Apr 29, 2017 12:42 PM IST
India is in the advanced stages of formulating a policy to encourage domestic defence manufacturing and cut import of combat planes, ships and submarines, Union Minister Arun Jaitley said.
- Apr 27, 2017 12:35 PM IST
Delta Electronics has added the LNE-320W model to the constant current/constant voltage LNE series of LED Drivers with output voltage of 12V, 24V, 36V and 48V.
- Apr 09, 2017 12:29 PM IST
In February, Foreign Portfolio Investors (FPIs) had made a net investment of Rs 15,862 crore in equity and debt markets. Prior to that, FPIs had pulled out more than Rs 80,000 crore between October 2016 to January 2017.
- Apr 07, 2017 03:03 PM IST
Smartron, a Hyderabad-based start-up today celebrated its first anniversary of the public launch and introduction of tbook, tphone, and ttab devices and tronxIoT platform.
- Apr 04, 2017 02:26 PM IST
"Urea production may be less by 2,00,000 tonnes in 2016-17. Import parity price (IPP) has come down, making domestic production less competitive," a senior Fertiliser Ministry official told PTI.
- Mar 30, 2017 03:22 PM IST
The company, which had launched the ONN brand of innerwear targeting younger people few years ago, is now focussing on the Rs 2,400 crore active wear market offering a casual and alternative line of clothing.
- Mar 29, 2017 05:43 PM IST
- Mar 28, 2017 08:00 AM IST
The yearly SBI Composite Index, one of leading indicator for manufacturing activity in the Indian economy, bounced back to above 50-mark level to 50.3 after 3-months of decline.
- Mar 23, 2017 04:15 PM IST
The CEO of TFS Corp (TFC), now rebranded itself to 'Quintis', Frank Wilson, said he along with the cricket legend Adam Gilchrist, a shareholder and brand ambassador of the company, would be visiting India to meet potential business partners in May this year.
- Mar 10, 2017 09:04 PM IST
The industry is still sensing a hint of uncertainty on the economic growth front even though the industrial output rose 2.7 per cent in January and urged the government to pursue reforms to stimulate investments.
- Mar 07, 2017 09:02 AM IST
Beijing's "Made in China 2025" plan calls for a dramatic increase in domestically-made products in 10 sectors - from robotics to biopharmaceuticals - that the government hopes will accelerate an industrial upgrade as economic growth slows.
- Mar 06, 2017 01:02 PM IST
The maker of Peugeot and Citroen cars vowed to return Opel and its British Vauxhall brand to profit, with an operating margin of 2 percent within three years and 6 percent by 2026 underpinned by with 1.7 billion euros in joint cost savings.
- Mar 02, 2017 04:32 PM IST
"In water heater business, we grew by 15-16 percent in FY16-17. Though the water heater business was dull due to demonetisation, we grew by 15-16 percent. This year our plan is to grow at same 15-16 percent", Venus Home Appliances, Director, I Ram Kumar told PTI.
- Mar 01, 2017 06:02 PM IST
The third quarter gross domestic product (GDP) reflects growth in various sectors like the agriculture and manufacturing. This number will continue its upward trend, said the Finance Minister Arun Jaitley.
- Mar 01, 2017 01:00 PM IST
The stainless steel maker signed a licence agreement with Defence Research and Development Organisation (DRDO) to help manufacture high nitrogen steel
- Feb 28, 2017 06:05 PM IST
Cement was the most telling example, with output declining 13.3 percent from a fall of 8.7 percent in December as the construction industry was badly affected by demonetisation.
- Feb 27, 2017 08:36 PM IST
Struggling with customers unable to pay on time and plummeting sales, Indian small-business owner Ravi Jain fears the government's crackdown on cash will have a much larger impact than predicted by top policymakers.
- Feb 27, 2017 08:34 PM IST
The Commerce Department said on Monday that non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, dropped 0.4 percent after an upwardly revised 1.1 percent increase in December.
- Feb 27, 2017 04:04 PM IST
The CLMV nations (Cambodia, Laos, Myanmar and Vietnam) enjoy duty benefits under the Generalised Scheme of Preferences (GSPs) of developed countries like the US and EU and this can be an attractive incentive for domestic units to set up manufacturing facilities there.
- Feb 23, 2017 09:47 AM IST
Caterpillar Inc, United Technologies Corp, Dana Inc, 3M Co and General Electric Co, are offshoring work to Mexico, China, India and other countries, according to a Reuters review of US Labor Department records.
- Feb 23, 2017 09:14 AM IST
"The lab brings together Cyient's expertise in service design, delivery, and operational excellence with ANSYS's market-leading engineering simulation solutions and services to drive the development of innovative proof-of-concepts for Cyient and its clients," Cyient said in a statement.
- Feb 22, 2017 08:23 PM IST
On the issue of job scarcity, Arvind Subramanian said that â€œthe problem in India is not creating jobs.â€ The challenge is finding high productive jobs and a need to raise the formal sector in country from current 9-10 percent levels.
- Feb 21, 2017 09:10 PM IST
Castrol India today reported a
10.7 per cent rise in net profit at Rs 155.8 crore for the
fourth quarter ended December 31, while its revenue inched
down 1 per cent to Rs 782.2 crore.