A top company official of Amway mentioned that the company is eyeing in investing an Rs 400-crore manufacturing facility on Tamil Nadu and Gujarat. The Head Corporate Affairs of Amway told reporters that they are looking on Tamil Nadu for a place where their manufacturing plant would be established since it is near good air […]
India is facing a negative outlook these days with Fitch Ratings credit for India was cut from stable to negative. About two months ago, another company, the Standard & Poor’s made a similar call to India. This rating was due to the risks that are seen in the growth of India which is caused by […]
In a government statement, Finance Minister Pranab Mukherjee states his disbelief in the rating agency’s report. He says that there would surely be a turnaround in India’s growth development in the coming months. He added that there are still investors who had put their trust in the country like the Foreign Institutional Investors which had […]
Mahindra Satyam partnered with London-based Oxygen Finance in order to promote Oxygen’s cloud based Accelerated Payment System. This decision of Mahindra is part of their drive to build its linear business and create value addition to its customers. The deal states that MSat is in a position where it can market and operate Oxygen Finance’s […]
Tata Steel will be investing over Rs 35,000 crore to establish six million tonnes per annum plant. The location of this plant will be in Haveri district of Karnataka. In life with this plan, the said company had recently signed an Expression of Interest (EoI). On the other hand, Tata Metaliks Limited is also proposing […]
The Reliance Industries is planning an Rs 1 lakh crore investment in the country for the next five years. This is to make sure that a stronger and a more diversified Reliance would be in the country for the years to come. This is from the statement given by their Chairman and Managing Director Mr […]
India’s economic growth slumped to its lowest level in nine years in the first three months of 2012, marking a dramatic slide in the fortunes of a country whose economy was boasting nearly double-digit growth before the global recession. Not good news for India since for the first three months of 2012, they had to […]
The Radico Khaitan has been good in their business and this reflects on the increase in their net profit. For the numbers, they had a net profit of Rs 17.4 crore for the fourth quarter that ended March 31, 2012 compared to Rs 16.7 crore in the corresponding period on the previous fiscal. The chairman […]
