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Motherson Sumi Systems Ltd Chairman Vivek Chaand Sehgal speaks while PKC Group Chairman Matti Ruotsala looks on, at a news conference in Helsinki, on Friday
REUTERS Motherson Sumi Systems Ltd Chairman Vivek Chaand Sehgal speaks while PKC Group Chairman Matti Ruotsala looks on, at a news conference in Helsinki, on Friday

Motherson Sumi makes ₹4,150-crore offer for Finland’s PKC Group

S Ronendra Singh

Acquisition will help Indian auto parts maker in Europe, China »

CCI imposes penalties on 3 firms for Rlys bid rigging

Our Bureau

The Competition Commission of India (CCI) has imposed penalties on three firms for bid rigging of ... »

QSR start-up Wow Momo Foods may enter sauces, frozen momo space

Our Bureau

Kolkata-based QSR start-up “Wow! Momo” is exploring the possibility of entering into sauces and the ... »

PVR to unveil theatre-on-demand service through Vkaao app platform

Our Bureau

PVR Cinemas is set to offer a new crowd sourced “theatre-on-demand” service across its cinemas. This... »

Azure Hospitality to invest ₹30 crore to open 15 new restaurants by March 2018

Sangeetha Chengappa

To launch Mamagoto and Dhaba by Claridges brands in the UK »

Companies

Adani Power posts ₹478 cr stand alone net loss

Our Bureau

Adani Group’s power arm Adani Power Ltd has posted standalone net loss of ₹478.39 crore for the quar... »

Companies

Rane Brake net up 26% in Q3

Our Bureau

Auto ancillary Rane Brake Lining Ltd reported 26 per cent rise in net profit at ₹9.98 crore for the ... »

Companies

International paper APPM appoints non-Executive Director

V Rishi Kumar

International Paper APPM Ltd has informed BSE that the Board of Directors of the company at the Mee... »

Fire in Amara Raja Batteries unit

Our Bureau

A major fire broke out in one of the manufacturing units of Amara Raja Batteries Limited located in Chittoor district of Andhra Pradesh on Saturday morning. While efforts are on to control the fire... »

Rane Brake net up 26% in Q3

Our Bureau

Auto ancillary Rane Brake Lining Ltd reported 26 per cent rise in net profit at ₹9.98 crore for the quarter ended December 31, 2016, when compared with a profit of ₹7.91 crore in a year-ago period, he... »

MAN Trucks expands reach in Andhra Pradesh with Vijayawada dealership

V Rishi Kumar

MAN Trucks India, a 100 per cent subsidiary of MAN Truck & Bus AG, Germany, has inaugurated a new dealership for its commercial vehicle brand in Vijayawada, the 60th touch-point for its trucks in... »

Motherson Sumi to buy Finnish co PKC Group for Rs 4,000 cr

Rajesh Kurup

New Delhi-based Motherson Sumi Systems Ltd (MSSL) has entered into an agreement to acquire Finnish truck wire maker PKC Group for 571 million euros (about Rs 4,000 crore). The acquisition will be mad... »

M&M enters Turkey, buys farm equipment company Hisarlar

Varun Aggarwal

Mahindra & Mahindra is taking its global ambition to the next level as it enters Turkey by acquiring 75.1 per cent stake in farm equipment company Hisarlar Makina Sanayi ve Ticaret Anonim Şirketi... »

Phillips Carbon Black net surges

Our Bureau

Phillips Carbon Black Ltd has reported a 240 per cent rise in standalone net profit to over ₹17 crore for the quarter ending December 31, 2016, against the ₹5-crore it reported in the year-ago perio... »

Bombay Dyeing to open more stores in TN, expand distribution network

Nagesh Rajanna, CEO, Bombay Dyeing Retail

Our Bureau

With the focus now on retail business, the 137-year-old textile manufacturer Bombay Dyeing and Manufacturing Company has big plans for Tamil Nadu.Speaking to media persons, Nagesh Rajanna, Chief Execu... »

Wind sector shrugs off note ban, Q3 capacity addition up

M Ramesh

The wind power industry seems to have managed the effects of the demonetisation well, judging by the fact that the capacity additions in November and December have only risen — though not sharply — c... »

MRF’s Gujarat factory to come up in a year

Our Bureau

Leading tyre maker MRF has said that it is proposing to set up its Gujarat factory in Bharuch in a year’s time. “Our new plant is coming up in Baruch area. We are in the process of buying the lands. ... »

Hester Biosciences Q3 net up 22%

Our Bureau

Animal healthcare firm Hester Biosciences Ltd, on Thursday, reported a 22% rise in net profit and 18% in sales in the third quarter of 2016-17, ended December 31, 2016, as compared to the correspondi... »

Philips Carbon Black net profit jumps to Rs 17 cr

NativeSpecial.com raises funding from IAN, Native Angels Network

Ford launches new EcoSport edition priced up to Rs 10.69 l

Benelli confident of smooth ride with 4 launches soon

‘AirAsia India’s control resides here’

Godrej Interio, IBM tie up

Cipla arm to sell stake in Four M Propack to Shriji Polymers

RIL, Russian petrochem major SIBUR ink pact to set up rubber unit in Gujarat

Adani Power posts ₹478 cr stand alone net loss

Our Bureau

Adani Group’s power arm Adani Power Ltd has posted standalone net loss of ₹478.39 crore for the quarter ended December 2016 against the net loss of ₹30.24 crore for the corresponding quarter last year... »

International paper APPM appoints non-Executive Director

V Rishi Kumar

International Paper APPM Ltd has informed BSE that the Board of Directors of the company at the Meeting held on January 18 appointed William Michael Amick Jr. as Non-Executive Director. ... »

Jyothy Labs’ Q3 net up at Rs 21.5 cr

PTI

FMCG player Jyothy Laboratories today reported 6.59 per cent increase in consolidated net profit at Rs 21.51 crore for the third quarter ended December 31, 2016.The company had posted a consolidated ... »

US-based Hain Celestial forges jt venture with Future Consumer for natural products

Our Bureau

Future Consumer has entered into an equal joint venture with Tilda Hain India (part of the US-based Hain Celestial Group) to manufacture, market and distribute natural and organic products. The joint... »

L&T Hydrocarbon bags orders worth Rs 1,700 cr

PTI

L&T Hydrocarbon has bagged orders worth Rs 1,700 crore in its construction services vertical. “L&T Hydrocarbon, a wholly-owned subsidiary of Larsen & Toubro, has won orders worth Rs 1,7... »

Traco bets big on building wire cable

Santhosh Koshy Thomas, Managing Director, Traco Cable Company Ltd

V Sajeev Kumar

Betting big on its building wire cables, the state-owned Traco Cable Company has chalked out an aggressive marketing strategy to increase sales. Since November, the company has registered a consider... »

CCI slaps ₹206-crore fine on seven cement firms for bid-rigging

Our Bureau

The Competition Commission of India (CCI) has imposed penalties worth an estimated ₹206 crore on seven cement companies for bid rigging of a tender floated by the the Haryana government in 2012. Th... »

Parinee Realty gets ₹350 cr from Edelweiss arm

Bindu D Menon

Mumbai-based Parinee Realty has raised ₹350 crore from ECL Finance, the non-bank finance arm of Edelweiss Group, for its under construction project Xclusive in Worli, sources close to the development ... »

Rubber & tyre industries should build on their commonalities: Mammen

(from left) Ajay Shah, President, Polymers & Cracker, Reliance Industries Ltd; KM Mammen, CMD, MRF Ltd; VT Chandrashekharan, Vice-President, AIRIA; Vinod T Simon, Chief Convenor, IRE 2017, and Kamal K Chowdhury, President, AIRIA, at the India Rubber Expo 2017 in Chennai on Thursday BIJOY GHOSH

Our Bureau

Make in India is an attractive opportunity for the Indian tyre industry to not only help the rubber industry, but also make its presence felt in the global market, according to KM Mammen, Chairman of... »

Kodak to make LED TVs in Gujarat

Our Bureau

SPPL to invest ₹300 cr to set up facility in 3-5 years »

Havells eyes mid-sized buys to expand into emerging markets

ICRA upgrades long term rating to A plus on Patanjali Ayurved

DRT orders Mallya to repay Rs 6,203 crore to SBI-led banks consortium

Vahdam Teas raises $650,000

Zee inks deal with Eccho Rights

MSD Telematics buys Heuristics

Suzuki to export India-made Gixxer to Japan


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