Rajiv Chopra who is vice-chairman and MD of Philips India said that Company's growth in India needs to be quicker than the firms overall global growth in the coming years to achieve the global targets.
Tuesday, March 29, 2011
Philips eyes 20%growth in India
Rajiv Chopra who is vice-chairman and MD of Philips India said that Company's growth in India needs to be quicker than the firms overall global growth in the coming years to achieve the global targets.
Thursday, March 17, 2011
IVRCL bags projects worth RS. 565 Crore
On Wednesday, 16 March 2011, IVRCL INFRASTRUCTURES and Projects Ltd. Said its power, buildings and transportation divisions have bagged orders worth Rs. 564.6 crore. An order worth Rs. 239.7 crore was received from power Grid Corporation for transmission project in North Eastern Region, while another order of the company has bedded orders for constructing 320 residential apartments from Nagpur Housing and Area Development Board. It has also bagged boundary wall works for Pellet Plant Project at Donmalal, Karnataka, awarded by NMDC.
NBFCs push into retail space
NON-BANKING financial companies (NBFC’s) are well-positioned to establish a stronger presence in the retail finance space, and match the mon-mortgage retail leading portfolio of banks by March 2013. It estimates that the retail loan portfolio of the NBFC sector will grow to over Rs. 400000 crore by March 2013. NBFC will need to adapt to a more stringent regulatory environment. Competition in the resource profiles, maintain competitive borrowing costs, and ensure skilled human resources for growth.
I-T conducts raids on Jindal Steel
On Wednesday, 16 March 2010, the I-T department conducted searches at the business premises of Jindal Steel for the alleged charges of tax evasion. A team of I-T officials from the tax collection wings reached the premises of the company and began scrutininsing documents related to purchases orders. Ms Sharmila Banerjee, who is JSW spokesperson said that Its part of routine survey being conducted by the income tax department. They have certain quires and they are fully co-operating with them. The survey is going on at office Mumbai offices.
Buffett to meet policy holders
Mr. Warren Buffett, who is famed American investor, will meet with individuals that have bought policies through his Indian venture berhireinsurancecom Mr. Buffett, who is the chairman and CEO of US conglomerate Berkshire Hathway. He will meet with the policy holders in New Delhi on March 25. The group had announced that it would enter the non-life insurance sector as a corporate agent of leading player Bajaj Allianz General Customers who buy a policy from berkshireinsurancecom would receive an exclusive invite to meet and interact with Mr. Buffett on March 25.
MSI backs car design competition
MARUTI SUZUKI India (MSI) is all set to offer a brighter future to a number of young wholehearted and talented engineering students. It has with the society of Automotive Engineers (SAEINDIA) signed an agreement to support the supra saeindia 2011 competition. This competition promotes young engineering talent for automobile engineering and facilitates participants to conceive design and fabricate Formula-1 style sports cars. Supra saeIndia contest will observe 44 teams create their dream cars and test at the renowned as well as test at the Madras Motosport Club race tracks. The wining car will be display at Asia Pacific Automotive conference at Chennai in October and Auto Expo’le.
Monday, March 14, 2011
MSI to produce 1 Crore cars in 7 years
On Sunday, MARUTI SUZUKI INDIA (MSI) said it expects to achieve the feat of producing a core vehicles for the second time in the next 6-7 years with the opening of its two new plants at Manesar. The company is likely to cross the mile stone of producing the first one crore vehicles since its inception on March 15, nearly since it first rolled out Maruti 800 model from Gurgaon. Mr. R.C. Bhargava who is the Chairman of the Maruti Suzuki India (MSI) told that they are setting up two new plants at Manesar. The way the market is moving, the next one crore production mark will happen faster, say in next 6-7 years. It looks that by 2017-18, they will achieve it.
