Tata Steel is reportedly selling two of its units in South East Asia – NatSteel Holdings and Tata Steel Thailand which would be valued at $500 million. The company has received interest for the two units from many players, including private companies. These units will be sold together. Tata Steel, ... Read More »
JSW Steel will reportedly invest around Rs 350 crore in order to set up two pipe conveyor projects that would transport ore from the mines to its plant in the state of Karnataka. The projects, which will be completed by the end of 2018-19, will save the company as much ... Read More »
Bharat Petroleum Corporation (BPCL) is reportedly planning to shut the secondary units at its Kochi oil refinery and the crude distillation unit for maintenance starting in December. The crude unit with 210,000 barrels per day (bpd) of processing capacity along with the secondary units will be shut for about 3 ... Read More »
NTPC has reportedly entered into a contract with the Indian Railways for transportation of coal from mines to all its plants through fiscal 2020. The contract is for Rs 10,000 crore inclusive of GST. The company will pay the Indian Railways a freight advance towards payment of transport of coal ... Read More »
hatsun agro Hatsun Agro Products is reportedly planning to establish dairy plants in Maharashtra and Odhisha. In this regards, the dairy products maker has acquired around 75 acres of land in Maharashtra’s Solapur district for about Rs 6 crore. The installation of the plant is expected to be commissioned before ... Read More »
Tata Motors is reportedly planning to launch two new versions of the car, namely, Tata Tiago JPT and Tata Tigor JPT, on October 26, 2018. In design, both cars look similar to their previous models Tiago and Tigor. The price of Tiago JPT and Tigor JPT will be Rs 1 ... Read More »
Tata Consultancy Services (TCS) has reportedly reorganized its industry solutions units (ISUs), giving almost 200 employees control of them in a bid to free up senior executives to focus on long-term strategy. This make over will help the company’s topmost executives – from the CEO to the EVPs to focus ... Read More »
Mahanagar Telephone Nigam (MTNL) is reportedly planning to come-up with 4G data services on the 1,800 Mhz and 2,100 Mhz spectrum in New Delhi and Mumbai, for which it has sought government’s approval for issuance of preferential capital worth Rs 6,292 crore. MTNL was set up by the Government of ... Read More »
Oil and Natural Gas Corporation (ONGC) is reportedly planning to buy 27 drilling rigs, in a bid to replace nearly half of its ageing onland rigs. The estimated cost would be around Rs 3000-3500 crore. The new drilling rigs will help the company to make things more competent. ONGC is ... Read More »
ZEE Entertainment Enterprises (ZEEL) and Reliance Jio Infocomm (Jio) have reportedly entered into an agreement. As per the agreement, Jio users will now get access to ZEE’s entire library of content. Jio users will also be allowed to download content. ZEEL is one of India’s leading television media and entertainment ... Read More »
GMR Infrastructure’s subsidiary — Kakinada SEZ has reportedly signed a memorandum of understanding (MoU) with the Andhra Pradesh Gas Development Corporation (APGDC). The company has signed a MoU to get access to piped natural gas for its upcoming 10,500-acre Kakinada Special Investment Region. GMR Infrastructure is engaged in generation of ... Read More »
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