Tata Motors global sales jumps 36%
Tata Motors on Monday said that its global sales increased by 36 per cent in July to 90,646 units on robust demand for both commercial and passenger vehicles. Sales of luxury brands from Jaguar Land R
Sharma rules out ban on ore export
THE COMMERCE and industry ministry has said on Monday that it is not in favour of restricting iron ore exports even as the ministry of steel and Karnataka government want curbs on the mineral shipment
Enfield to double its capacity
THE CHENNAI-based Royal Enfield, the makers of the iconic Bullet, on Sunday announced that it will double its capacity to 1 lakh units per annum by the turn of 2012 to meet its rapidly growing demand.
Cairn JV plans $2.6b capital spend
Cairn India and Oil and Natural Gas Corpo- ration are to spend $2.67 billion in capital expenditure in the Rajasthan block and $1.52 billion in operating expenditure, besides $941 million towards the
NMDC short-lists suppliers
GLOBAL FIRMS like Paul Wurth, Danieli and Posco E&C, among others, have been short-listed to submit bids for the supply of equipment to set up state-owned NMDC’s proposed Rs 14,000 crore steel plant i
IDBI pays Rs 114.5 cr dividend
IDBI BANK paid a dividend of Rs 3 per share for the financial year ended March 2010 on the share capital of the bank held by the government, the bank said in a statement. The dividend cheque was hande
NMDC acquires land in 10 months
NMDC ON Wednesday said it has acquired land for its Rs 14,000 crore upcoming steel plant in the tribal-dominated region of Chhattisgarh in “record” 10 months. The country’s largest iron ore producer h
NTPC signs coal deal with Singareni
NTPC on Wednesday tied up with Singareni Collieries Company Ltd (SCCL) for supplying coal to its Ramagundam Super Thermal Power Station for 20 years. The long term Fuel Supply Agreement (FSA) provides
Infotech acquires US co for $12m
Infotech Enter-prises on Tuesday said it has acquired US-based Wellsco Inc. Wellsco is a telecom engineering services provider with annual revenues of $12 million. While Infotech did not disclose the
Amara Raja Group plans FMCG foray
Amara Raja Group plans to make a foray into the health drink and frozen foods category as part of its vision of becoming a pan-India FMCG player. The group, better known for automotive battery brand A