India Power Corporation Limited (IPCL), a power generation company, has entered into a 50:50 joint venture service company- “India Uniper Power Services” with German based Uniper, said t he company. The new JV will offer services like flexible and customised plant operations and maintenance, asset monitoring software and analytical tools, flexibilisation of units, lifecycle extension, […]
Eicher Motors reported growth of 32% to 55,721 units from 41,360 units sales for its Royal Enfield motorcycles for the month of August. The below 350cc models saw an increase of 30% in sales whereas the above 350cc models saw the highest growth of 43%. Royal Enfield’s exports grew by 30% to 986 from 760 […]
ABB India, a power and automation technology company, inaugurated a new solar inverter manufacturing facility at Nelamanagala in Bengaluru, said the company. The facility is set to double the solar inverter manufacturing capacity of the company to 2GW in a span of five months, added the company. ABB inverters manufactured at Nelamanagala help power 40% of […]
Maruti Suzuki India Ltd reported a big jump of 12.2% in its August sales this year led by the strong performance in the domestic market. Totoal domestic market sales were up 12.3% to 1.2 lakhs, its strongest performance so far this year. Exports also grew briskly rising 10.8% to 12,280 units. The stars of the […]
KEC International, a infrastructure company of the RPG Group, has secured international and government projects of Rs 1,224 crore, said the company. The projects received include Rs 805 cr transmission line projects in Karnataka, Thailand and Bangladesh, KEC said. Other projects include overhead electrification for the Indian Railways in the Nagpur and Jhansi divisions of Rs […]
The Competition Commission of India (CCI) has imposed fine of Rs 6,320.6 cr upon ten cement manufacturers for forming independent organization to limit competition by controlling the production and distribution of cement, said the Ministry of corporate affairs. The list of companies included ACC Cements, Ambuja Cements, Binani Cements, Century Cements, India Cements, J K […]
Government agencies- National Agricultural Cooperative Marketing Fedration (NAFED) and Food Corporation of India (FCI) been asked to start procurement of “moong” in Karnataka immediately at minimum support price as new crop has started to arrive, said the government. They also have been directed to submit state-wise road map of procurement of new crop of pulses directly […]
Tata Power and Javelin Joint Venture have signed an agreement to explore the production of a anti-armour missile system to meet Indian requirements, the Indian company said. The system will include using the missile on ground combat vehicles or via infantry or helicopters, said the company. The agreement was signed via Tata Power’s Strategic Engineering […]
Samsung’s fitness devices — Gear Fit2 fitness band and Gear IconX smart headphone — are now available for pre-order on Flipkart. The devices were unveiled in India earlier this month and are priced in the Rs 13,490-13,990 range. The Gear Fit2 band is priced at Rs 13,990 and comes in black, blue and pink colours […]
National Payments Corporation of India (NPCI), the umbrella organization for all retail payments system in India, launched a pilot bill-payment project. The project, called Bharat Bill Payment System, is an integrated platform connecting banks and non-bank entities in bill aggregation business like billers, payment service providers, retail bill outlets etc.. The system consists of four participants — the consumer, […]
In a survey conducted by Chartered Institute of Management Accountants (CIMA), 29% finance professionals fear job loss due to increase in automation, while 64% finance professionals encourage increasing automation in India. On the impact of artificial intelligence on strategic decision-making only 13% of experts in India conceded that reliance on automation or technology has led […]
TomTom, a company from Netherlands into manufacturing of navigation devices, inaugurated its first global innovation hub in India at Pune. The innovation hub will enable employees to upgrade their skills, innovate, raise ideas and think like entrepreneurs thereby helping to develop a deeper culture of innovation in the company with a free-flow of information and […]
Future Retail, one of the leading retail chains in India, has increased its retail floor space by 3 lakh square feet to 1.3 cr square feet during the April-June quarter this year, said the company. The company has increased its floor spaces in nine cities which includes Hyderabad, Pune, Mumbai, Indore, Nellore, Gaya and Keonjhar. […]
IT services provider Tata Consultancy Services(TCS) said it developed a solution to reduce the manufacturing cost and time of gas turbines in collaboration with General Electricals (GE). The digital solution along with GE’s operating system will analyze temperatures at various points on the metal turbine parts when they are assembled and cooled thereby allowing the […]
Telenor India today launched 4G services for its customers of Guntur and Rajahmundry area in Andhra Pradesh. The launch in Guntur and Rajahmundry follows test pilot of Telenor’s 4G services across its circles in Varanasi, Vizag, Amravati, Agra, Anand, Lucknow, Ranchi, Vijayawada, Tenali, Eluru, Bhimavaram, Dhanbad, Warangal and Dehradun. For new Telenor subscribers, company has […]
Maruti Suzuki, one of India’s leading automobile manufacturers, launched the Swift Deca a limited edition model of its hatchback model Swift at a starting pirce of Rs 5.94 lakhs in India. The model comes in two variants Swift Deca Edition VXi and Swift Deca Edition VDi adn comes in two colours- bright red and pearl […]
Vinesh Phogat, one of India’s prominent wrestlers, has promised to bring the gold medal in wrestling that she missed in the recently concluded Olympics in Rio. “I promise you that the gold medal which I missed in Rio, I will surely get it in Tokyo Olympics 2020”, the wrestler from Haryana, who is recovering a ligament […]
GAIL, one of the largest natural gas processing and distribution company, has offered finiancial support of Rs 6.8 lakhs to Asmita Pal, a fifteen year old gymnast, who is said to be the next Dipa Karmakar in the making. The offer involves an upfront payment of Rs 2 lakhs followed by scholarship of Rs 20,000 per […]
India and the United States signed the Logistics Exchange Memorandum Of Agreement (LEMOA) in Washington DC, USA yesterday, said the Ministry of Defense. LEMOA is a facilitating agreement that establishes basic terms, conditions, and procedures for reciprocal provision of logistic support, supplies, and services between the armed forces of India and the United States, the […]
ICICI Bank, one of India’s largest private sector banks has started registering new, user-friendly usernames on its mobile app as part of the UPI advanced payment platform of the government of India. The usernames are in the format name@icici and can be registered by ICICI mobile app users and those who use its Pockets payment app. The process […]
