Gravita India terminates contracts with Kyen Resources for order worth Rs 300 crore

Gravita India has terminated contract entered with Kyen Resources for supply of 18,000 MT of Pure Lead and Lead Bullion worth Rs 300 crore. The contact has been terminated due to some management and financial issues at the end of Kyen Resources, Singapore. Till date the company has supplied approx 3,800 MT of material to … Read more

Maruti Suzuki sells 3 lakh units of new Dzire in 17 months

Maruti Suzuki’s all new Dzire has become the preferred choice of 3 lakh customers in just 17 months. The third generation Dzire was launched in May 2017. The sales of new Dzire shot up by 28% compared to the previous generation car. The all new Dzire offers an irresistible package with latest technologies such as … Read more

Ganesh Foundry gets nod to trade in commodities derivatives

Ganesh Foundry & Castings has received an approval to invest/trade in commodities derivatives and be registered as client with Ashika Commodities & Derivatives as Member of MCX, NCDEX, ICEX. The Board of Directors of the company at its meeting held on October 06, 2018, approved the same. The Board has also given approval to invest/trade … Read more

L&T’s construction arm bags orders worth Rs 1,881 crore

Larsen & Toubro’s (L&T) construction arm — L&T Construction’s Power Transmission & Distribution Business has received EPC orders worth Rs 1,881 crore. The business has secured major orders for constructing 22 132/11kV Substations in the State of Kuwait. On the domestic front, orders were secured for implementation of a High Voltage Distribution System in the … Read more

RIL’s telecom arm to create ‘Digital Uttarakhand’

  Reliance Industries’ (RIL) telecom arm — Reliance Jio Infocomm (Jio) — will connect most of the 2,385 plus government schools and colleges with high-speed internet in order to convert ‘Devbhoomi Uttarakhand’ into ‘Digital Devbhoomi’ in coming 2 years. The company will improve the delivery of healthcare, education and government services and improve the life … Read more

Eicher Motors’ arm to set up new manufacturing facility at Bhopal

Eicher Motors’ unlisted subsidiary — VE Commercial Vehicles (VECV) has decided to set up a new manufacturing facility at Bhopal. The existing capacity is 90,000 vehicles and the proposed capacity addition is 40,000 vehicles. The Period within which the proposed capacity is to be added is 18‐24 months. The investment required for setting up new … Read more

Wipro selected as member of Dow Jones Sustainability World Index

Wipro has been selected as a member of the global Dow Jones Sustainability World Index (DJSI) – 2018 for the ninth year in succession. The S&P DJSI (World) is the gold standard for corporate sustainability. Inclusion in DJSI (World) index is based on a rigorous analysis of a company’s performance on 600 data points spread … Read more

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