RESEARCH & DEVELOPMENT
Skoda plans to set up R&D units
CAR maker Skoda Auto India Pvt Ltd (SAIPL) in a statement, said that it is planning to set up Research and Development (R&D) units in the country, inspired by the 150 per cent deduction on in-house R&D announced in the Union Budget. "The .
Cummins India signs pact with Purdue University
DIESEL engine technology and power major Cummins India has swung an academic coup with the group having entered into an agreement with the Indianapolis-based Purdue University for a joint programme which will explore and expand horizons in ...
Grasim to cut output on monsoon delay
ALARM bells have begun tinkling if not ringing as rains stay away from a large tract of central India for the second week into what should have been a drenched July. Grasim Industries on Tuesday informed the stock exchanges that delay in the ...
EmmayHR sets sights on staffing business
HUMAN resources company EmmayHR has announced its foray into the staffing business with a view to strengthen its competitive position in the industry and has said it will grow this business to 2,500 associates in the next one year. The CEO of ...
Praj Ind firming up plans to expand overseas operations
THE Pune-based Praj Industries Ltd, a major player in the ethanol industry is firming up plans to significantly expand its international operations and has bagged orders worth over Rs 140 crore from Colombia in the first quarter of the current ...
BHEL bags Rs 6-cr Italian order
GTL board to meet on July 27
As deadline for Sarbanes-Oxley compliance nears MNC arms rush to Indian accounting firms
With a mere four more months away for the deadline for Sarbanes-Oxley (SOX) compliance, Indian accounting firms are seeing a rush of business from subsidiaries of multinationals. According to industry estimates, the business is worth Rs 400-500 ...
Amul setting up Rs 58-cr powder plant in Gujarat
THE Gujarat Co-operative Milk Marketing Federation (GCMMF) is putting up a 100 tonnes per day (tpd) powder plant alongside its existing Mother Dairy plant in Gandhinagar at a cost of Rs 58 crore. The 13-month turnkey project has been awarded ...
Italian casual wear company to set up shop in India
AN Italian casual wear fashion company is pumping $130 million into the Indian textile industry by setting up a series of operational outfits, taking due advantage of the imminent end to the textile quota regime and free trade in textiles and ...
German genomics major MWG sets shop in Bangalore
THIS could be the beginning of the bio rush into the country. European genomics major MWG Biotech AG has chosen Bangalore as its Asia base and has already gone into production mode at its facility at Bommasandra here. The Munich-based MWG has ...
ALLIANCES & JOINT VENTURES
Cargill in pact with Parakh Foods to expand edible oil business
THE Indian arm of the US agri-business giant Cargill India is set to considerably expand its edible oil business in the country. As a prelude, the multinational has signed a memorandum of understanding with Parakh Foods Ltd, owners of Gemini, one ...
`Steel prices unlikely to shoot up immediately'
FROM an extremely turbulent and uncertain past Vizag Steel Plant (VSP) belonging to the Central public sector unit, Rashtriya Ispat Nigam Ltd, has come a long way to become a zero-deficit company. Sales are soaring and profits rising. The ...
Himatsingka plans foray into bed linen
SILK fabrics-exporting major Himatsingka Seide Ltd plans to tap local and international bed-linen markets to spur growth. The move comes close on the heels of the company's foray into the retail segment through its Atmosphere chain of shops. ...
SAIL posts all-time high Q1 production
STEEL Authority of India Ltd (SAIL) has reported a sale of 1.66 million tonnes of finished steel during the April-June quarter, which is the highest-ever first quarter sales for the company marking a nine per cent increase over the same period ...
Harish Krishnamachar quits TVS
THE marketing operations of TVS Motor Company will see a change of guard with Mr Harish Krishnamachar quitting the post of Vice-President. Mr Krishnamachar has been the visible face of the two-wheeler company and associated with the success of ...
Corporates opt for floaters to raise funds
In the last couple of months, about Rs 3,000-5,000 crore have been raised by way of floaters.
Indal's Kerala unit on the verge of closure
INDIAN Aluminium Company Ltd (Indal), the Aditya Birla group company located at nearby Eloor, might face closure due to high cost of power and the "un-conducive" attitude of the workers. The management had shut down the smelter unit on August ...
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