Jindal Steel sets up India’s first high speed rail manufacturing facility at Rs 200cr

Jindal Steel & Power Limited (JSPL), one of India’s leading steel manufacturers, said it will set up a plant to manufacture rails for metro & high speed rail projects with an investment of Rs 200 crores. The plant is capable of producing 30,000 MT of rails per month and has been set up in technical tie-up […]

CUMI inaugurates R&D facility in Hosur

Carborundum Universal (CUMI), one of the biggest makers of abrasives, today inaugurated its Research and Development centre in its Industrial Ceramics Division facility in Hosur, Tamil Nadu. The facility is equipped with advanced equipment for material characterization, microstructural analysis, finished component analysis and other critical areas supplementing the existing R&D activity of the unit, said […]

Bharat Electronics to make night vision products for defence forces

Bharat Electronics Ltd will set up a factory at Nimmaluru in Andhra Pradesh to make advanced night-vision products for the defence forces, the company said. Factory will enable BEL to expand its electro-optics business and carry out manufacturing and integration for the ongoing and upcoming projects, it added. Factory will be built in stages and the […]

Manpasand Beverages sets up new manufaturing facillity in Haryana

Manpasand Beverages, the company that makes ‘Mango Sip’, said it completed the construction of its new plant in Haryana at a cost of Rs 150-160 crores. The company had raised the money through itś recent IPO. The new unit will manufacture 50,000 cases of the existing range of products such as ´Mango Sip´,´Fruits Up´, carbonated […]

Zee Entertainment takes Bollywood masala to Philippines with new channel

After launching Zee Bioskop in Indonesia and Zee Nung in Thailand, Zee Entertainment Enterprises has entered Philippines with its third dedicated Bollywood movie channel for the local Filipino audience starting today. Announcing ZEE’s entry into the Philippines, Amit Goenka, CEO – International Broadcast Business, ZEEL said: “We already have 5 dedicated localized channels in APAC, […]

4G launch at IPL? Reliance Jio starts selling SIM cards to wholesale distributors

Reliance Jio has started pushing its 4G SIM cards into its LYF distribution network for bundling with handsets, suggesting that the company will launch its handset and SIM combo ahead of the IPL. The first match of the IPL will be played on Saturday. The SIM cards being pushed to LYF retailers will be given […]

Reliance Jio to ‘soft launch’ 4G services this month, broader availability in Jan

Reliance Jio will announce the launch of its 4G services in India by the end of this month, but it will take a few more days after that for the operator’s SIM cards to be available in stores, according to company sources. “We’ve been told that there will be a press conference on 28th, announcing […]

Bharti Airtel plans to overtake Reliance Jio’s network in next 3 years

To counter the tremendous threat posed by Reliance Jio, the biggest telecom company in India Bharti Airtel has launched a massive network transformation program called Project Leap. “Aimed at perceptibly improving network quality and delivering the best customer experience, this strategic project will see an investment of Rs. 60,000 crore in the next 3 years,” […]

Indian corporates to benefit from higher growth – Moody’s

Amid the slightly cautious atmosphere regarding a revival in Indian corporate earnings, Moody’s Investor Service has come out saying that it expects things to get better. It said most non-financial corporates it rates in India will benefit from strong domestic growth and accommodative monetary policy (lower interest rateas), although weak global growth and a potential […]

Reliance Jio starts testing 4G service in Kerala

Reliance Jio has started testing its network in Kerala in cities like Thrissur, according to industry sources, and is only days away from completing its infrastructure work in most places in the state. An employee of the company was able to demonstrate decent 4G speeds using a phone made by LG Electronics. The operator will give more handsets […]

Yamaha opens new Rs 1,500-cr manufacturing facility near Chennai

India Yamaha Motor Pvt. Ltd. (IYM), the leading two wheeler manufacturer, today inaugurated its third manufacturing facility at the industrial park in Vallam Vadagal situated at the outskirts of Chennai, Tamil Nadu. The new factory will be the first in the Yamaha Motor group to have a vendor park in its vicinity. Spread across 177 […]

Airtel, Idea, Reliance Jio and Vodafone race to launch 4G in Kerala

Bharti Airtel is trying to address a key weakness in the lucrative market of Kerala — the lack of a 3G network — by going aggressively with its 4G roll-out. The biggest cities, Kochi and Calicut, have already got LTE services from the company, while most of the cities in the state will be covered […]

Amazon India to sell daily household items and FMCG

Amazon India today announced the launch of its Household Supplies store that offers a wide range of products including dishwashing detergents, household cleaners, laundry detergents, paper, plastic wraps as well as puja supplies. These products will be delivered to any place in India. The entry of the giant into this space could squeeze specialized online […]

Zee enters the English News market, takes on Times Now, NDTV

Putting an end to much speculation, Zee Media Corporation — the news arm of the Zee Group — today announced its intention to enter into English News Broadcasting with the appointment of Rohit Gandhi as Editor-in-Chief – English News Broadcast and Related Content. Zee had been expected to make this announcement for almost a year. […]