As Kolkata-based retailer Spencer’s Retail charts its recovery, the company has turned its attention to aggressively expanding its presence in select regional strongholds. After rationalizing its pan-India store network over the past few quarters, Spencer’s has now outlined detailed plans to zone in on three key geographical clusters for growth – Eastern UP, West Bengal, […]
Som Distilleries & Breweries Ltd is gearing up for major expansion of its business, riding the consumption boom in beer in India with its Woodpecker and Hunter brands. In keeping with its ambitious targets, the company reported robust 67% year-on-year volume growth in its beer portfolio during the third quarter of FY2024. Total beer sales […]
Greenlam, the country’s leader in laminates, said it decided to enter the category of plywood and particle boards by setting up new factories in Tamil Nadu and Andhra Pradesh. Plywood and particle boards are used alongside laminates — the multi-colored and shiny boards — in aluminium-based constructions in offices and commercial buildings. “Witnessing a spiral […]
HCL Tech, one of the top five IT services providers based out of India, announced the opening of its largest delivery center in Sri Lanka. Located in a newly built complex known as Cinnamon Life in Colombo, the 10-storey center will accommodate 4,000 workers — four times the number of Sri Lankans employed by the […]
India-based Lincoln Pharmaceuticals Ltd said it is looking forward to entering the Australian market, after Australia’s medicines and medical devices regulator – Therapeutic Goods Administration {TGA) – approved the company’s primary manufacturing plant in Khatraj, Gujarat. The approval, said the medicine manufacturer, has been granted for all three sections, tablets, capsules and creams & ointments. […]
Max Healthcare Institute Ltd, one of India’s largest hostpital chains, said it has been allocated around 11.36 acres of land in the heart of Gurgaon city to set up two hospitals. The two plots, allocated by Haryana Shahri Vikas Pradhikaran, measure 6.11 acres and 5.26 acres. Both plots are in well populated areas of Gurgaon, […]
Kalyan Jewellers, which went public with a Rs 1,200 cr IPO last week, said it will open a whopping 14 new showrooms on April 24. The new stores being opened across India will increase the company’s store count to 151 from the present 137. As a part of the expansion, the jewelry retailer from Thrissur […]
Turkish durables player Arçelik and Tata Group’s Voltas have started operations at their first production facility in India at Sanand in Gujarat. The facility will be operated by Voltbek Home Appliances Pvt Ltd, the 50:50 joint venture between the two groups, and will gradually be scaled up to 2.5 million units of annual production by […]
Voltas, India’s largest air-conditioner maker, said it will invest Rs 500 cr to set up a AC and appliance manufacturing complex in Tirupati. The plant will initially manufacture and assemble air conditioners and related cooling products, starting from the second half of next year. It will have a total capacity of more than 1 million […]
Infosys said it will open a ‘Technology and Innovation Hub’ in the US state of Arizona and hire 1,000 American workers in the state by 2023. Infosys said it has hired 5,874 American workers in the last 16 months. Arizona center will focus on autonomous technologies, Internet of Things (IOT), full-stack engineering, data science and cyber security. […]
JSW Steel said it will increase the manufacturing capacity of its Vijayanagar Works plant to 13 millions tons per year from 12 MTPA by March 2020 at a cost of Rs 7,500 crore. The plant is claimed as the largest state-of-the-art single location steel manufacturing unit in India. Located 380 kilometres from Karnataka’s capital city, […]
HT Media, the company that publishes the Hindustan Times newspaper, said it obtained approval from its board of directors to invest another Rs 400 cr into its FM business. The company operates ‘Fever 104’ FM stations in over a dozen cities in India. However, it is dwarfed by competitors like Radio Mirchi from the Times […]
Kishore Biyani, head of Future Group, outlined mega expansion plans for his retailing business for the next 12-15 months in the context of the entry of WalMart into India’s retailing sector. “Our plan is to add 1,000 small stores over the next 12-15 months,” Biyani told CNBC-TV18 in an interview. “Our plan is to open […]
Cement maker UltraTech said it has commissioned a greenfield clinker capacity of 2.5 million tons per year at Manawar in Madhya Pradesh. Clinker is raw cement made by heating ground limestone and clay at a temperature of about 1400 °C – 1500 °C. Cement is made by grinding the clinker and adding gypsum to control […]
Royal Enfield, which makes the iconic ‘Bullet’ retro motorbikes in India, said it will invest Rs 800 cr this financial year to create the second phase of its factory at its Vallam Vadagal site near Chennai. The company, whose products cost upwards of Rs 1.15 lakh, has seen sales of its motorbikes rise rapidly in […]
Prakash Industries said it will spin off its plastics business and enter the ‘flexible plastic packaging’ segment, a move that would see it competing with the likes of Uflex. The company said the new business will focus on high performance barrier films and laminates for use in packaging food, beverages, oil, personal care and pharmaceutical […]
SpiceJet announced 20 new non-stop flights on domestic routes starting from February 11, including 18 in South India. SpiceJet will use Bombardier Q400 aircraft on the new routes, except for the Chennai – Guwahati, which will see a Boeing 737. Out of the 18 flights, ten will be catering to the popular tourist destinations in […]
Amara Raja Batteries Ltd said it has inaugurated the first phase of its two-wheeler battery plant in Chittoor with a capacity of 5 mln units per year. Before this, the company had a capacity of only 12 mln two-wheeler batteries per year. The new plant will have an ultimate capacity of 17 mn units with […]
Royal Orchid Hotels announced the opening of its new hotel in the pilgrimage town of Dwarka in Gujarat. “We are taking continuous steps towards expanding our presence all over India. The new hotel launch in Dwarka is one such move towards our aim,” said Chander K. Baljee, Managing Director, Royal Orchid Hotels. The company has added […]
TT Ltd said it has decided to set up a mega garment plant in place of Spinning Machinery at Gajroula in Uttar Pradesh. The move is part of its attempt to diversify from textile making to making garments. “TT is exiting from spinning and entering the garmenting and fabric business on a massive scale,” the […]
