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BUSINESS

Jindal Stainless aims 25% e-rickshaw market share by 2021

Jindal Stainless is aiming 25% e-rickshaw market share by 2021 and expects the segment to generate revenues to the tune of Rs 200 crore over the next two years. Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates ... Read More »

L&T’s construction arm secures orders from various clients across India

Larsen & Toubro’s (L&T) construction arm — L&T Construction has secured orders from prestigious clients across various Indian states for its varied businesses. The company’s Water and Effluent Treatment business has bagged EPC order from the Delhi Jal Board for the design, construction, installation, automation, testing, commissioning and O&M of ... Read More »

ONGC, Vedanta set to win nine oil, gas blocks each

Oil and Natural Gas Corporation (ONGC) and Vedanta are set to win nine oil and gas blocks each in the latest auction, while Reliance Industries and its British partner BP Plc is set to win KG basin gas block. The Directorate General of Hydrocarbons (DGH) has completed the evaluation of ... Read More »

M&M to observe no production days at its plants

Mahindra & Mahindra (M&M) at its Automotive Sector and Farm Equipment Sector, and Mahindra Vehicle Manufacturers, a wholly owned subsidiary of the Company (MVML), as part of aligning its production with sales requirements, would be observing ‘No Production Days’ ranging between 5 – 13 days in various plants of the ... Read More »

Atul terminates JV agreement with Elkay

Atul has terminated Joint Venture (JV) Agreement with Elkay Kimyasal Maddeler SAN. TIC. A.S. based in Turkey (Elkay). Earlier, the company had signed agreement on March 2012 with Elkay for promoting stone care chemicals in India. Atul operates through six business divisions, namely, Agrochemicals, Aromatics, Bulk Chemicals & Intermediates, Colors, ... Read More »

RITES trades higher on the BSE

Rites is currently trading at Rs. 277.90, up by 1.90 points or 0.69% from its previous closing of Rs. 276.00 on the BSE. The scrip opened at Rs. 276.10 and has touched a high and low of Rs. 283.05 and Rs. 271.10 respectively. So far 31850 shares were traded on ... Read More »

Bajaj Finserv partners with Motherhood Hospitals

In a bid to expand its Life Care Finance segment, Bajaj Finserv, through its lending arm Bajaj Finance, has entered into partnership with Motherhood Hospitals, a comprehensive network of women & children hospital. The partnership will enable patients at all Motherhood Hospitals to avail Life Care Finance (LCF) from Bajaj ... Read More »

IOC, BPCL, HPCL to form Joint Venture Company

Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) have signed an Agreement on June 03, 2019 for formation of a Joint Venture Company for implementation and subsequent operation of 2757 Km long LPG Pipeline from Kandla, Gujarat to Gorakhpur, UP. IOC, BPCL and HPCL would ... Read More »

CESC Ventures acquires 64.63% stake in Herbolab

CESC Ventures has executed an agreement on June 03, 2019 (Investment Agreement) and has acquired 64.63% shareholding in Herbolab India (Herbolab). The investment in Herbolab will help the company expand its existing portfolio into ayurvedic products manufacturing segment. This acquisition will bring in many synergies in the company’s business and ... Read More »

SAIL to expand production capacity in two phases

Steel Authority of India (SAIL) is planning for the expansion of its production capacity to 50 million tonne per annum (MTPA) in two phases. In the first phase, the company intend to reach 35 MTPA by 2025-2026, and the rest 15 MTPA in the second phase will be completed by ... Read More »

Maruti Suzuki unveils Mobile NEXA terminal

Maruti Suzuki India has flagged off one-of-its-kind mobile NEXA terminal, taking the NEXA experience to markets where it is currently not present. The NEXA terminal will reach out to prospective and existing customers throughout the country, giving them an opportunity to experience NEXA. The company’s endeavour is to reach closer ... Read More »

NBCC signs MoU with MoHUA

NBCC (India) has signed the Memorandum of Understanding (MoU) for FY2019-20 with the Ministry of Housing and Urban Affairs (MoHUA), which outlines performance targets for the company. The signed MoU outlines performance targets for the company based on various financial parameters, dynamic parameters, sector-specific and enterprise-specific parameters. NBCC (India) is ... Read More »

Vikas WSP planning to enter into new project

Vikas WSP is planning to enter into new project. In this regards the company’s Board of Directors have asked the technical and engineering department of the company to prepare a Detailed Project Report (DPR) for the Food Grade Guar Protein (Vegetal and Complete Protein) project with an outlay of Rs ... Read More »

Vodafone Idea launches new pack at Rs 229

Vodafone Idea has launched new pack at Rs 229, offering daily 4G data of 2GB, along with unlimited local and STD calls, free roaming, and 100 SMS per day. The plan is valid for a cycle of 28 days. The new plan joins Vodafone’s already existent plan of Rs 199, ... Read More »

Lava Cast set to merge with Setco Automotive

Lava Cast is set to merge with its parent company Setco Automotive. Completion of this imminent merger is expected to take place on the back of Setco group purchasing all the stake owned by Lingotes Especiales S.A. (technology & JV partner) in Lava cast. The merger would facilitate an increase ... Read More »