Voltas’ white goods JV with Turkey’s Arçelik starts India sales

Voltas’ white goods JV with Turkey’s Arçelik starts India sales

2018-09-13T13:20:17+00:00 On

Voltas, the refrigeration company from the Tata Group, announced the launch of the first products from its 50:50 venture with Turkey’s Arçelik. A total of 100 models of home appliances, including refrigerators and washing machines, will be introduced to the Indian market under…

Nalco says facing a ‘coal crisis’ due to govt’s supply prioritization

Nalco says facing a ‘coal crisis’ due to govt’s supply prioritization

2018-08-01T20:10:33+00:00 On

Government of India’s NALCO, or National Aluminium Company, said its primary Aluminium smelter plant at Angul in Orissa is facing a ‘crisis’ due to the the shortage of coal to produce power. Smelting of alumina into aluminium is one of the most…

Dabur reports strong sales growth, margins decline QoQ

Dabur reports strong sales growth, margins decline QoQ

2018-07-31T14:18:54+00:00 On

Nature-based consumer products maker Dabur India reported 24.6% growth in net profit for the first quarter, riding the trend of rising sales. However, the company, which faces tough competition from Patanjali Ayurved, reported a dip in profits when compared with the preceding…

Voltas, Ardutch to establish their durables plant in Sanand, Gujarat

Voltas, Ardutch to establish their durables plant in Sanand, Gujarat

2018-06-23T17:04:05+00:00 On

Air conditioning company Voltas said Voltbek, its joint venture with Turkey’s Ardutch, will set up its first factory to produce refrigerators and washing machines in Sanand in Gujarat. The two companies had announced a joint venture agreement a year ago. “Voltbek has…

USFDA completes inspection at Zydus’ Ahmedabad plant

USFDA completes inspection at Zydus’ Ahmedabad plant

2018-06-06T09:53:42+00:00 On

Pharmaceuticals maker Zydus Cadila said the USFDA has completed an inspection of its injectables manufacturing plant at Ahmedabad with zero observations. No observations is good news for pharma manufacturers as it indicates that the inspectors found everything to order. The inspection of…

Arvind Ltd has strong Q4, despite margin softness in textiles

Arvind Ltd has strong Q4, despite margin softness in textiles

2018-05-09T13:49:46+00:00 On

Arvind Limited, one of the largest integrated textile and branded apparel players, reported an improved set of results for the Jan-Mar quarter, boosted by strong revenue growth. Pretax profit rose by Rs 32 cr (29%) on year to 142 cr. This was…

Dwarikesh Sugar swings to a Q4 loss on account of 15.5% fall in prices

Dwarikesh Sugar swings to a Q4 loss on account of 15.5% fall in prices

2018-05-07T16:15:48+00:00 On

Dwarikesh Sugar Industries reported a sharp decline in its performance for the quarter ended March, blaming a “rapid & unexpected fall” in sugar prices. Against net profit of Rs 46 cr for the same quarter last year, the company reported net loss…

Prakash Industries Q4 PAT up 350% at Rs 152 cr as steel prices rise

Prakash Industries Q4 PAT up 350% at Rs 152 cr as steel prices rise

2018-04-30T13:57:04+00:00 On

Steel and pipe manufacturer Prakash Industries reported a 45% jump in fourth-quarter sales and a 140% improvement in its operating profi, largely due to a steady improvement in steel prices. The company had sales of Rs 910 Crores and EBIDTA of Rs…

Indian Oil to set up Rs 4,200-cr ethylene glycol factory in Paradip

Indian Oil to set up Rs 4,200-cr ethylene glycol factory in Paradip

2018-04-27T17:23:34+00:00 On

Indian Oil Corporation said it will set up a unit at its Paradip refinery to manufacture the main ingredient used in the production of polyester. The plant to manufacture ethylene glycol will be set up in Paradip in Odisha at a cost…

Mahindra Defence, BEL ink MoU for long-term partnership

Mahindra Defence, BEL ink MoU for long-term partnership

2018-04-12T13:07:56+00:00 On

Mahindra Defence Systems said it has entered into a long-term partnership with Government of India-controlled defence electronics manufacturer Bharat Electronics Ltd “to jointly address emerging opportunities in the domestic market”. The two will address opportunities created by policy initiatives of the Government…