Industry
Mumbai : BP and Reliance Industries Limited (RIL) today announced the sanctioning of the ‘Satellite cluster’ project in Block KG D6. The companies are moving forward to develop the Block’s discovered deep-water gas fields in an integrated series of projects, bringing new gas production for India. The ‘Satellite cluster’ is the
Read More
Hosur : TVS Motor Company, a leading manufacturer of two-wheelers and three-wheelers, today announced the launch of TVS XL100 Heavy Duty ‘i-Touch Start’. The vehicle now comes with the electric start technology ‘i-Touch Start’, with integrated starter generator system. The TVS XL100 Heavy Duty ‘i-Touch Start’ is priced at
Read More
Launches ‘The Grand Forex Festival’ to catalyse demand Witnesses 26% growth in uptake Mumbai : Thomas Cook (India) Ltd., India’s leading integrated travel and travel related financial services company, launched the “Grand Forex Festival”, to leverage the strong potential of the Foreign Exchange market in India. Thomas Cook India’s internal data had highlighted
Read More
Mumbai : Reliance Infrastructure Limited EPC has received the Letter of Award (LOA) from Rail Vikas Nigam Limited (RVNL) for its maiden railway project worth Rs.774 crore for the construction of third rail line between Jimidipeta and Gotlam on East Coast Railway on Engineering, Procurement and Construction (EPC) basis. The 105
Read More
Darmstadt, Germany : Merck, a leading science and technology company, has announced that it has signed an agreement to sell its global Consumer Health business to Procter & Gamble (P&G) for approximately €3.4 billion in cash, or approximately $ 4.2 billion at current exchange rates. The transaction, which is expected
Read More
NewDelhi : UltraTech has commissioned a greenfield clinker capacity of 2.5 mtpa at Manawar, District- Dhar, Madhya Pradesh ("M.P."). The plant has been commissioned in record time of less than 365 days - setting a global benchmark for size of such capacity. Yet another benchmark is setting up the greenfield
Read More
Mumbai : Increased government spending on infrastructure development including roads and railways, housing and other schemes as announced in the Union Budget are expected to reinvigorate the construction sector and boost demand for cement and concrete during 2018, predicted cement major ACC ltd. In its Jan-March quarterly report the company meanwhile
Read More
Bhubaneswar : Public sector miner NMDC has cut iron ore prices on increased domestic supply. Iron ore lump prices has been reduced from Rs. 3000 per tonne to Rs.2900 per tonne. Fines prices has also been reduced to Rs.2560 per tonne from Rs.2660 per tonne. The new prices has been
Read More
NewDelhi : The e-Way Bill system for intra-State movement of goods would be implemented in six more states from 20th April. These states are Bihar,Jharkhand,Haryana,Himachal Pradesh,Tripura,Uttarakhand. As on 15th April, 2018, e-Way Bill system for intra-State movement of goods has been rolled out in the States of Andhra Pradesh, Gujarat, Karnataka, Kerala, Telangana
Read More
New Delhi : In the face of stiff International Competitive Bidding (ICB) , Bharat Heavy Electricals Limited (BHEL) has secured an order for the renovation and modernisation (R&M) of Electrostatic Precipitators (ESP) at Ramagundam Super Thermal Power Station (STPS). Valued at Rs.137 Crore, the turnkey order envisages carrying out R&M of ESPs of three units
Read More