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Rotor Clip plans foray into India
World’s largest industrial clip manufacturer, Rotor Clip Company Inc. of USA plans to enter the Indian market by setting up a countrywide distribution network. The $80 million (Rs 450 crore)… Read more
SAIL going ahead with Kobe steel joint venture in Durgapur
Steel major SAIL said it was going ahead with its joint venture with Japanese steelmaker Kobe steel to set up an iron ore nugget plant in Durgapur at an investment… Read more
NeST buys Tyco’s Kochi unit
NeST Group has acquired the Kochi unit of Tyco Electronics Tools (India) Pvt Ltd, the Indian arm of the US-based manufacturing company. “We have bought the Tyco tool room at… Read more
Walmart, Tesco will not be able to acquire existing retailers
Multi-brand retailers such as Walmart and Tesco will not be able to acquire an existing retailer to make an easy entry into the Indian market, the government clarified on Thursday… Read more
Maruti to close Gurgaon and Manesar plants
The country’s largest car maker Maruti Suzuki India will be going for a one day production shut-down at its two plants at Gurgaon and Manesar on Friday ahead of a… Read more
RIL to invest Rs 1.5 lakh crore over three years
Reliance Industries will invest Rs 1.5 lakh crore over the next 3 years, chairman Mukesh Ambani said on Thursday. Mukesh Ambani made the announcement while addressing shareholders at the company’s… Read more
Amul to make paneer, ghee at NRI’s dairy plant near New Jersey
The large Gujarati and South Asian community settled on the US East Coast will soon be able to savour ‘The Taste of India.’ Amul is gearing up to start a… Read more
ChrysCap invests Rs 250cr in CavinKare
FMCG firm Cavin-Kare on Monday said Mauritius-based private equity firm ChrysCapital has invested Rs 250 crore in it for an undisclosed stake. “This investment will be used to strengthen and… Read more
Bata sets sights on women’s soles, to open concept stores
The company, a step-down subsidiary of global shoe retailing giant Canada-based Bata Shoe Organization (BSO), will now shift its focus to women to power its business. The twin reasons: the… Read more
Electrolux scouts for partner to enter India’s television and audio products market
Swedish household appliance maker AB Electrolux is scouting for a local partner to enter India’s television and audio products market through brand licensing, a top company executive has said. “India… Read more