Tata Chemicals to invest Rs. 565 cr to set up units in Gujarat and Andhra Pradesh
New Delhi, Feb 10 (IBNS): Tata Chemicals (TCL), a global company with interests in business that focus on LIFE: Living, Industry and Farm Essential, today announced that it will invest Rs. 565 crores in setting up two facilities in Andhra Pradesh and Gujarat to manufacture soluble dietary fibres and silica.
Tata Motors launches its Tata Prima in the Kingdom of Saudi Arabia
Jeddah/Kolkata, Feb 10 (IBNS): Tata Motors India’s largest automobile manufacturer and among the top 10 commercial vehicles manufacturers globally, on Friday launched its WORLD SMART TRUCK brand – The Tata PRIMA, in the Kingdom of Saudi Arabia (KSA).
India's factory output lowers in December
New Delhi, Feb 10 (IBNS): India’s factory output contracted by (-)0.4 per cent in December, a month after Prime Minister Narendra Modi announced the note ban on Nov 8, government data released on Friday said.
Philips Lighting opens 4th Light Lounge in Kolkata
Kolkata, Feb 10 (IBNS): Expanding its presence in Eastern India,Philips Lighting (Euronext Amsterdam ticker: LIGHT), a global leader in lighting, on Friday inaugurated its 4thLightLounge in Kolkata, India.
New Delhi, Feb 10 (IBNS): Snapdeal, India’s largest online marketplace, today reported that the deployment of its in-house hybrid cloud solution Snapdeal Cirrus, has led to a massive impact on cost and business optimization – the headline being a whopping 75% drop in its monthly infrastructure costs.
UBI may be launch as a pilot says Finance Minister
New Delhi, Feb 10 (IBNS): Extoling virtues of the Universal Basic Income, Finance Minister Arun Jaitley on Friday said at ASSOCHAM event at least one state is willing to take a plunge and launch a pilot on the scheme, proposed by the Economic Survey.
Tata Motors Group global wholesales reported at 95,931 in Jan
Mumbai/Kolkata, Feb 9 (IBNS): The Tata Motors Group global wholesales in January 2017, including Jaguar Land Rover, were at 95,081 nos., higher by 3%, over January 2016.
SAIL reports gross turnover increase by more than 25% over CPLY in Q3 FY17
New Delhi, Feb 9 (IBNS): Steel Authority of India Ltd. (SAIL) registered an increase in total sales by 16% and 12.5% for the April-December (9M) period and Q3 of FY17 with 9.66 Million Tonnes (MT) and 3.27 MT of saleable steel respectively over corresponding period last year (CPLY).
GOCL consolidated turnover for Q-3 increases by 6.5% to Rs. 134 crores
Hyderabad, Feb 9 (IBNS): GOCL Corporation Ltd., a Hinduja Group Company, has reported a consolidated turnover for Q-3 increase of 6.5% to Rs. 134 crores ( Rs. 126 crores ) and an Operating Profit of Rs. 4.77 crores ( Rs. 3.17 crores).
Indian benchmark indices end Thursday in positive territory
Mumbai, Feb 9 (IBNS): The Indian market recovered on Thursday even though NSE Nifty failed to retain its 8800 mark, according to media reports.
Overnite Express Ltd. celebrates 30 years of its Domestic & International Operations
Mumbai, Feb 8 (IBNS): Overnite Express Ltd, a player in Express Industry, has successfully completed its 30 grandeur years in serving fastest delivery of Domestic & International couriers.
Renault-Nissan Alliance delivers growth in 2016
Paris, Feb 8 (IBNS): The Renault-Nissan Alliance on Wednesday said it delivered significant growth in 2016, with global sales of 9.96 million vehicles. The car group also reinforced its leadership in zero-emission vehicles with cumulative sales of nearly 425,000 electric vehicles since the introduction of the Nissan LEAF in 2010, followed by the Renault ZOE.
NSE appoints Vikram Limaye as new MD & CEO
Mumbai, Feb 8 (IBNS): The Board of Directors of the National Stock Exchange met recently and decided to appoint Vikram Limaye as MD & CEO of NSE, subject to approval of shareholders and SEBI, for a period of five years.
Volvo Cars reports operating profit of SEK11bn in 2016
Kolkata, Feb 8 (IBNS): Volvo Cars, the premium car maker, has reported a robust 66 per cent increase in operating profit in 2016 to SEK11.0bn compared to SEK6.6bn in 2015, as global sales hit a new record of 534,332 cars.
Cash withdrawal limits to end from Mar 13, says RBI
Mumbai, Feb 8 (IBNS): The Reserve Bank of India on Wednesday announced people can withdraw Rs. 50,000 per week from their savings accounts from Feb 20.