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  • Apollo Tyres earmarks Rs 2,500 cr capex for FY18 May 17, 2017 02:52 PM IST

    Apollo Tyres earmarks Rs 2,500 cr capex for FY18

    "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.

  • MSMEs play key role in making India a manufacturing hub: Devendra Fadnavis May 10, 2017 03:45 PM IST

    MSMEs play key role in making India a manufacturing hub: Devendra Fadnavis

    "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.

  • India in advanced stages of formulating defence manufacturing policy: Arun Jaitley Apr 29, 2017 12:42 PM IST

    India in advanced stages of formulating defence manufacturing policy: Arun Jaitley

    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.

  • DeltaPSU News - Delta Extends the Constant Current/Constant Voltage LNE Series of LED Drivers with 320W Output Power Apr 27, 2017 12:35 PM IST

    DeltaPSU News - Delta Extends the Constant Current/Constant Voltage LNE Series of LED Drivers with 320W Output Power

    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.

  • FPIs pour in $2.45 billion in just four trading sessions Apr 09, 2017 12:29 PM IST

    FPIs pour in $2.45 billion in just four trading sessions

    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.

  • Smartron to raise Rs 250 crore Apr 07, 2017 03:03 PM IST

    Smartron to raise Rs 250 crore

    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.

  • Urea output may decline marginally to 24.3 mn tons in 2016-17 Apr 04, 2017 02:26 PM IST

    Urea output may decline marginally to 24.3 mn tons in 2016-17

    "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.

  • Lux Group rejigs growth strategy; eyes Rs 2000 cr sales by 2020 Mar 30, 2017 03:22 PM IST

    Lux Group rejigs growth strategy; eyes Rs 2000 cr sales by 2020

    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.

  • Havmor eyes Rs 1000 crore turnover by 2020 Mar 29, 2017 05:43 PM IST

    Havmor eyes Rs 1000 crore turnover by 2020

  • Manufacturing activity improves in March: SBI Mar 28, 2017 08:00 AM IST

    Manufacturing activity improves in March: SBI

    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.

  • TFS Corp eyeing to make India biggest business partner Mar 23, 2017 04:15 PM IST

    TFS Corp eyeing to make India biggest business partner

    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.

  • India Inc seeks reform push as IIP rises 2.7% Mar 10, 2017 09:04 PM IST

    India Inc seeks reform push as IIP rises 2.7%

    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.

  • EU business group slams Beijing's 'Made in China' plan Mar 07, 2017 09:02 AM IST

    EU business group slams Beijing's 'Made in China' plan

    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.

  • PSA pays GM $2.3 bn for Opel, sets first recovery goals Mar 06, 2017 01:02 PM IST

    PSA pays GM $2.3 bn for Opel, sets first recovery goals

    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.

  • Venus Home appliances eyes 16% growth in water-heater business Mar 02, 2017 04:32 PM IST

    Venus Home appliances eyes 16% growth in water-heater business

    "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.

  • Q3 GDP belies exaggerated claims of rural distress: Arun Jaitley Mar 01, 2017 06:02 PM IST

    Q3 GDP belies exaggerated claims of rural distress: Arun Jaitley

    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.

  • Jindal Stainless (Hisar) spikes 4% on new agreement with DRDO Mar 01, 2017 01:00 PM IST

    Jindal Stainless (Hisar) spikes 4% on new agreement with DRDO

    The stainless steel maker signed a licence agreement with Defence Research and Development Organisation (DRDO) to help manufacture high nitrogen steel

  • Core sector output slows to 3.4% in Jan as note ban takes a toll Feb 28, 2017 06:05 PM IST

    Core sector output slows to 3.4% in Jan as note ban takes a toll

    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.

  • India firms fear lingering economic aftershocks from cash ban Feb 27, 2017 08:36 PM IST

    India firms fear lingering economic aftershocks from cash ban

    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.

  • US core capital goods orders unexpectedly fall in January Feb 27, 2017 08:34 PM IST

    US core capital goods orders unexpectedly fall in January

    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.

  • Huge potential for Indian mfg cos in CLMV region: Nirmala Feb 27, 2017 04:04 PM IST

    Huge potential for Indian mfg cos in CLMV region: Nirmala

    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.

  • Trump to seek jobs advice from firms that offshore US work Feb 23, 2017 09:47 AM IST

    Trump to seek jobs advice from firms that offshore US work

    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.

  • Cyient partners with ANSYS to set up simulation lab Feb 23, 2017 09:14 AM IST

    Cyient partners with ANSYS to set up simulation lab

    "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.

  • Arvind Subramanian talks on DeMo, job scarcity at Express Adda Feb 22, 2017 08:23 PM IST

    Arvind Subramanian talks on DeMo, job scarcity at Express Adda

    On the issue of job scarcity, Arvind Subramanian said that “the problem in India is not creating jobs.” The challenge is finding high productive jobs and a need to raise the formal sector in country from current 9-10 percent levels.

  • Castrol net up 10.7% to Rs 155.8cr; revenue almost flat Feb 21, 2017 09:10 PM IST

    Castrol net up 10.7% to Rs 155.8cr; revenue almost flat

    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.

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