This Diwali, it will be raining projects from the diversified conglomerate Hinduja Group. The group plans to launch a bouquet of projects in healthcare, real estate and insurance sectors, its focus areas, between November 9 and 15 this year. Group chairman Ashok Hinduja said they had mega plans for the healthcare sector and more specifically, […]
India and Germany sign several pacts
Union Minister for Science and Technology Kapil Sibal and German Minister for Education and Research Annette Schavan on Tuesday signed an agreement to set up an Indo-German S&T Centre that would promote public-private partnership in scientific and industrial research. The two sides committed to spend 10 million euros each over the next five years on […]
Ashok Leyland in $500 mn tie-up with Nissan for 3 JVs
By sewing up a binding master co-operation agreement with Nissan Motor, Hinduja Group flagship Ashok Leyland has formalised its entry into the light commercial vehicle (LCV) segment. The partnership will entail an investment of $500 million, for the formation of three joint venture companies. The alliance will lead to the birth of three companies. A […]
Leyland signs agreement with Nissan for 3 ventures
Hinduja Group flagship Ashok Leyland (ALL) and Nissan Motor Company of Japan on Monday signed an MoU to foray into the manufacture of light commercial vehicles (LCVs) with an initial investment of $500 million under three different JVs. The agreements were signed in Chennai by R Seshasayee, MD of ALL and Carlos Ghosn, CEO of […]
Italian shoemakers to train Chennai manufacturers
A group of Tamil Nadu footwear manufacturers could soon be picking up tips from the man who reportedly sells shoes to George W. Bush and Arnold Schwarzenegger. On Monday, the Chennai shoe manufacturing cluster, represented by the Indian Shoe Federation, signed a cooperation agreement with its Italian counterpart Unioncamere Marche, as part of the “cluster […]
WB assistance must continue: FM
Finance Minister P Chidambaram has said the World Bank (WB) should not reduce its financial assistance to India even though the country has been recording impressive growth figures. “Yes, you see 9 per cent growth but then you zoom in and look at parts of India that are growing at 4 per cent and 5 […]
Overseas investors pump in $4.3 b into equity markets in Oct
Foreign institutional investors have pumped in $4.3 billion or Rs 17,535.7 crore so far in October (as of October 11, the latest data available with the Securities and Exchange Board of India) into the Indian equity markets. After pumping in about Rs 24,000 crore or $5.8 billion during July, the FIIs turned bearish in August […]
Resale flats are in big demand in Chennai
There’s a lot of development, but not much of it’s in Chennai itself. So the residential market’s stagnating. That’s why buyers are turning to second-hand flats as an investment option. Sanjay Chugh, VP – Transaction Mgmt Services, Jones Lang Lasalle Meghraj says, “The buyer feels that if one is to go for a second-hand apartment […]
Ambani brothers world’s richest
The Indian stock market boom has made the Ambani brothers arguably the richest in the world if one clubs the fortunes of Mukesh and Anil, which at USD 91.41 billion is far ahead of even the Walton family of Wal-Mart. Sons of legendary industrialist Dhirbuhai Ambani who started his career as a petrol station attendant […]
ebm-Nadi on expansion mode
ebm-Nadi today announced its expansion plans with the inauguration of a new warehouse with 1,000 pallets capacity having an advanced RFID-enabled inventory control system. This new facility with an investment of Euro 1 million was inaugurated by Hans-Jochen Beilke, CEO, ebm-papst Group, Germany, in Chennai today. ebm-Nadi International Pvt Ltd. is a joint venture forged […]
Reliance top choice for equity funds
The stocks from both the Reliance groups have been star performers in the recent rally is a well-known fact. But did you know that mutual fund managers had assumed a bullish stance in the Reliance stocks, ahead of their recent surge? Most popular Reliance Industries was, in fact, the most popular stock with equity fund […]
Australian firm wants tie-ups to build sports infrastructure
An Australian firm is exploring partnerships with various State Governments and sports bodies in India to build integrated sports infrastructure. Consultant architects Robertson and Marks, whose flagship sports planning projects include the operation and maintenance of the Sydney Cricket Ground and the 2000 Olympic stadium in Sydney, are looking for tie-ups with local partners for […]
