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Hero Moto plans Rs 2,500 crore capex for next two fiscals
Date : 11-07-2017
Description : Hero Motocorp has planned a capital expenditure of around Rs 2,500 crore for the next two fiscals up to FY 2018-19 , chairman, managing dircetor and CEO, Pawan Munjal said in the company?s annual report for 2016-17. The company has lined up half a dozen new products ? across segments, including the premium and scooter categories ? for launch in the next fiscal to drive our growth. ?Clearly, we are going to have enhanced focus on these two growing segments to make rapid inroads with new products
Emami to explore new overseas manufacturing units
Date : 11-07-2017
Description : FMCG company Emami Limited is exploring options to set up new manufacturing units in international markets to meet the growing demand.The company, which now has a single manufacturing unit in Bangladesh, is also stepping into the African markets of Nigeria and Ghana by launching products, it said in its annual report.Director of Emami Prashant Goenka said, ?Emami will strengthen its position in the existing markets and also simplify logistics in Russia.
Garment exports likely to register 15-18 per cent growth
Date : 11-07-2017
Description : India?s garment exports are expected to register a 15-18 per cent growth in FY 18 as against USD 17 billion registered last year, a senior government official said here. ?We have clocked 18 per cent growth in garment exports since January 2017 and we hope that similar trend may continue for remaining period this year. Last year our garment exports stood at USD 17 billion,? Textile Commissioner Kavita Gupta said. She was speaking after inaugurating the 65th national garment fair here.
Chinese firm signs deal worth $22.8 billion with Airbus
Date : 11-07-2017
Description : A Chinese aviation company has signed an $22.8 billion agreement to purchase 140 planes from Airbus, an official statement said today. The deal with China Aviation Supplies Holding Company involves purchase of 100 Airbus A320 planes and 40 A350 jets, the state-owned Assets Supervision and Administration Commission statement said. In recent years, China?s aviation market has expanded in size by about 10 per cent year-on-year on average, it said. The deal will help to meet the country?s fast-growi
Bharti Airtel to spend Rs 2k cr
Date : 11-07-2017
Description : The country?s largest telecom operator, Bharti Airtel on Wednesday announced plans to invest Rs 2,000 crore over the next three years in its bid to upgrade customer experience. The company launched Project Next, which is its digital innovation programme aimed to enrich customer experience including transforming its in-store experience. It is based on Bharti?s study of around 2,450 hours observing customers and mapping traffic flows within its stores.
Govt approves Amazon\\\'s proposal for FDI in food
Date : 11-07-2017
Description : The government has approved American e-commerce major Amazon\\\'s proposed USD 500 million investment in retailing of food products in India, an official said. The proposal was pending before the Foreign Investment Promotion Board (FIPB) which has been abolished now. Hence, the Department of Industrial Policy and Promotion (DIPP) gives the green signal to the proposal. As per the proposal, the company will open a wholly-owned subsidiary in India to carry out the business. It will stock food p
Wipro Infra ties up with IAI
Date : 11-07-2017
Description : BENGALURU: Wipro Infrastructure Engineering (WIN), part of the Wipro Group, and Israeli aerospace and defence manufacturer Israel Aerospace Industries (IAI) have entered into a strategic partnership for manufacturing composite aero structure parts and assemblies. WIN will set up a manufacturing facility in Bengaluru in partnership with IAI to meet the requirements of global aircraft OEMs (original equipment manufacturers) and tier-1 suppliers. Pratik Kumar, CEO of Wipro Infrastructure Engineer
Nalco, IDCO to set up Aluminium Park in Angul
Date : 11-07-2017
Description : New Delhi, Jul 7 (PTI) Nalco, in collaboration with Odisha Industrial Infrastructure Development Corporation, is setting up the first of its kind Aluminium Park in Angul, the state government said today. Investment to the tune of Rs 180 crore will be made on infrastructure of the project which is expected to generate 15,000 jobs. Odisha currently contributes about 54 per cent of Indias total aluminium smelting capacity.
Intel launches Beacon Mountain development tool for Android
Date : 24-05-2013
Description : ntel said earlier this morning that it has released its Beacon Mountain development
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