In an interview to CNBC-TV18, Pankaj Poddar, CEO of Cosmo Films said that new specialty polyester plant to be set up at Aurangabad in Maharashtra.
Tata Steel may be considering breaking off talks over a planned merger of its European business with German conglomerate Thyssenkrupp, a UK media report claimed today.
Hindustan Coca-Cola Beverages (HCCBL), the bottling arm of Coca-Cola in India, is setting up two greenfield plants at Ahmedabad and Nellore with an investment of Rs 1,000 crore, a top official said.
The company's plant will remain shut down from December, 21 2016 for approximately 30 days, for clearance of inventory.
Home appliances and consumer electronics company Panasonic India today said it has invested Rs 115 crore to set up a manufacturing plant at Jhajjar, Haryana, to locally produce refrigerators.
Indian steel giant Tata Steel is planning to keep its Port Talbot plant in South Wales, the UK's biggest steelworks, fully operational, a media report said today.
The Andhra Pradesh Economic Development Board (APEDB) today signed an agreement with three China-based entities for development of minerals and industrial park in the state entailing investment of about USD 1.5 billion.
Apollo Tyres plans to double the capacity at its Chennai plant at an investment of around Rs 2,700 crore as part of its vision of 'Building Leadership in India by 2020', a top official said.
This plant is engaged into the commercial activities of grading, sorting and packaging of rice with a capacity of 20 million tonne per/hr.
The boards of Jaiprakash Associates and UltraTech Cement today approved an amendment to the draft sale agreement the companies had signed in March outlining the sale of JP's cement business to the latter.
Chinese smartphone firm Oppo is looking to invest Rs 1,000 crore to setup a manufacturing unit in Andhra Pradesh, which is likely to create 25,000 jobs in the state.
Ford cuts production target at plant in Sanand, Gujarat by 50% in wake of declining Figo, Aspire sales, say sources
Air-conditioning and commercial refrigeration major Blue Star is planning to set up two units at an investment of Rs 215 crore in Jammu and Andhra Pradesh, a top executive today said.
Speaking to CNBC-TV18, Yatin Shah, CMD & Promoter of the company says it will take 2.5-3 years to achieve full utilisation for the new plant. Currently, the company is functioning at 85 percent utilisation.
Shares of Dr Reddy's Labs have been on a downward journey over the past two months, amid concerns over a warning letter the company received from the US FDA over some of its plants, and amid some currency headwinds it faces.
Paints maker Kansai Nerolac has decided to sell a 15.86-acre land in Perungudi, Chennai for Rs 550 crore to Brigade Enterprises or a special purpose vehicle led by it, MD HM Bharuka told CNBC-TV18 in an interview.
Global skin care brand NIVEA today opened its first manufacturing plant in India at Sanand GIDC area in Gujarat along with an integrated regional development lab.
Nokia has received a memorandum of understanding from a bidder interested in its locked-out Chennai plant -- which has become a casualty of a Rs 3,500-crore tax claim -- the company told Delhi High Court today.
Japanese auto giant Suzuki Motor Corporation (SMC) today said construction of its Rs 4,000-crore car manufacturing plant in Gujarat will start next week and the work will be completed by 2017.
Having run into troubles with institutional investors over its Gujarat plant transfer to parent Suzuki, car maker Maruti now wants to seek approval of minority shareholders after a proposed relaxation comes into effect in the Companies Act.
A decade-long battle with minority shareholders has not dented the appetite of erstwhile Cadbury India, now Mondelez India, from making big-ticket investments here.
A slew of good news emanating from the carmaker suggests it is not resting on its laurels.
A company statement said even as the talks were on, a section of the workers, instigated by the union, had resorted to deliberate stoppage of the production line, and threatened supervisors and disrupted business for the past 25 days.
Maruti Chairman RC Bhargava says the company tweaked the agreement with Suzuki Gujarat after shareholders expressed doubts over some aspects and it will seek minority shareholder approval "in the interests of good corporate governance".
After the Suzuki plant issue was discussed at its board meeting, Maruti Suzuki has decided it would not just tweak the most contentious points -- of funding incremental capex of the plant and transfering the plant to Maruti in case of the deal‘s expiry -- but also seek approval of minority shareholders.