A major fire broke out today at the premises of a tyre manufacturing company in Nahur, near the north-eastern suburb of Bhandup, the Brihanmumbai Municipal Corporation (BMC) disaster control room said. The fire broke out at CEAT’s tyre manufacturing unit at around 5.50 p.m., official sources said. Six fire tenders and two water tankers, besides an ambulance have been rushed to the spot, officials said. The cause of the fire is not yet known. PTI

Chinese AC maker Gree enters India

Chinese air conditioner and home appliances maker Gree has entered the Indian market through a tie-up with Servomax. Servomax Group, a Hyderabad-based manufacturer of power engineering products with a turnover of ₹600 crore, will be the marketing partner of Gree for the entire Indian market. “We are breaking the market myth that Chinese goods are cheap. We are bringing in premium products that will be beneficial in the long run due to their power saving abilities,” Jimmy Jose Gree India MD told media persons. Its current portfolio of offerings in the Indian market consists of residential TVs that have a price range of ₹24,000 (three-star) to ₹1.40 lakh (five star). The company has launched a new solar-based AC product for the Chinese residential market.

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