INDIAN NEWS & TIMES

Sunday, June 25, 2017

UBM India, organisers of IFSEC India, the signatureexpo on safety and surveillance, is all set to bring in the third edition of ‘Security and Fire Expo (SAFE) – South India’. Slated for 29th – 1st July 2017’ at theChennai Trade Centre, the expo aims to bring together over 70 renowned Indian and international brands fromsurveillance, entrance and home automation industry, as well as consultants, business experts and key government officials [...]

Categories: Industry

Air conditioning and commercial refrigeration major, Blue Star Limited, has announced the appointment of Sam Balsara as an Additional Director of the Company with effect from June 20, 2017. Sam is Chairman & Managing Director of Madison World, which is amongst India’s largest media buying and communication agencies. Sam holds a Bachelor’s degree in Commerce and a post graduate diploma from Jamnalal Bajaj Institute of Management Studies. He has over [...]

Categories: Industry

The North-South Corridor (Green Line) of Bangalore Metro (Namma Metro) has been fullyinaugurated today. The following dignitaries participated in the inauguration ceremony: Mr. Pranab Mukherjee, Hon’ble President of India, Mr. Vajubhai Rudabhai Vala, Hon’ble Governor of Karnataka, Mr. M Venkaiah Naidu, Hon’ble Minister for Urban Development, Mr. Siddaramaiah, Hon’ble Chief Minister of Karnataka, Mr. Kenji Hiramatsu, Ambassador, Embassy of Japan, Mr. Takayuki Kitagawa, Consulate-General, Consulate-General of Japan in Bengaluru and [...]

Categories: Industry

First unveiled at the 2017 Ducati World Premiere, Ducati India launched the Monster 797 and the Multistrada 950, today in New Delhi. Expanding their product portfolio, these motorcycles are the first of the five all-new motorcycles that will be launched in India this year. Ducati India’s ManagingDirector Ravi Avalur said, “Both these motorcycles are gateways to the Ducati world and its values. This is a major step towards the growth [...]

Categories: Industry

Greaves Cotton Limited and Pinnacle Engines Inc. US, announced a technology partnership for the launch of a revolutionary Opposed Piston Petrol/CNG lean burn BSVI-compliant engine for 3-wheelers in India. This will make India one of the lead markets to adopt this technology. This move is seen as an important milestone for Greaves to establish itself as a leading fuel agnostic powertrain solutions & services company. This also allows Greaves access [...]

Categories: Industry

Reverse osmosis membrane elements from specialty chemicals company LANXESS have successfully completed a year-long practical test in Germany’s largest industrial water treatment plant. The new element grades with ASD feed spacers impressed Zellstoff Stendal GmbH based in Arneburg with their performance and consistently high level of rejection. Optimized for applications in brackish water, these Lewabrane-branded elements are characterized by very low energy consumption (LE = low energy) and high fouling [...]

Categories: Industry

Indian Beauty & Hygiene Association (IBHA), t he voice of beauty and personal care industry in India,hosted an industry conference themed “Redefining Beauty: The Changing Indian Scenario’ at St. Regis, Mumbai today. The key highlight of the event was the launch of an IBHA – A.T. Kearney knowledge report ‘Demystifying the future of Beauty and Personal Care’ by Mr. Adi Godrej along with leading members from the industry. The report, launched in association with A.T. Kearney and Nielsen, unearths [...]

Categories: Industry

Index Fairs is launching its 29th edition today. It is the only fair in the country that is exclusively dedicated to the trade as well as business in the interior and architectural industry of India. The Index Fairs 2017 is being held at the Bombay Convention & Exhibition Centre (BCEC), Goregaon, Mumbai from June 8th – 11th, 2017. The key dignitaries present at the inaugural event are Arti Kirloskar, Patron of The [...]

Categories: Industry

India Power Corporation Limited (“India Power”), a publicly listed, Kanoria Foundation entity, is on a growth trajectory with setting up and commissioning of another power plant of 36 MW solar in Uttarakhand at an investment of Rs 225 crore. This follows India Power’s successful acquisition of 1,000 MW thermal power plant of Meenakshi Energy Private Limited, now known as Meenakshi Energy Limited, now known as Meenakshi Energy Limited (“Meenakshi”), owned [...]

Categories: Industry

The GST rate of 5% is finalized on solar PV cells& modules as per the notification dated June 3, 2017 which thus clears the ambiguity surrounding the applicable rate. This in turn is expected to have a marginally negative impact on new solar power projects due to an increase in capital cost arising from higher tax rate applicable under GST, given that the solar energy sector has been availing various [...]

Categories: Industry

Gem & Jewellery Export Promotion Council, INDIA  Signs MoC with RussianDiamond Giant ALROSA at St. Petersburg International Economic Forum (SPIEF) in the Presence of Indian Prime Minister and Russian President In a historical development marking an important milestone in the relations between the Indian and Russian diamond industries, The Gem & Jewellery Export Promotion Council (GJEPC), India’s apex body representing the gems and jewellery export trade  and PJSC ALROSA,Russia’s largest Diamond [...]

Categories: Industry

While whole heartedly welcoming introduction of GST, the plastics industry urged the government to remove the anomalies in prescribed GST on various plastics items of day to day use and common man’s use. As per decision of GST council, items of day to day use were supposed to attract merit GST rate of 5% or lower standard GST rate of 12%. Some of the items were supposed to be under [...]

Categories: Industry

The leading luminaries of the corporate world are set to congregate at The Economic Times India Leadership Council. ILC, India’s most exclusive peer group initiative instituted to bring in the industry leaders together to work towards a common objective of heralding a wave of “Change” in country’s business environment. Scheduled to be held on 9th June’17 at the Taj Mahal Palace Hotel in Mumbai, the India Leadership Council perceives coming [...]

Categories: Industry

Power Grid Corporation of India Limited (POWERGRID), a ‘Navratna’ Company under Ministry of Power, GoI, has posted a net profit of Rs.7,520 crore over a turnover of Rs. 26,581 crore for FY 2016-17, registering a growth of about 25% in Turnover and 26% in Net Profit compared to FY 2015-16, on a standalone basis. The Company surpassed Rs.25,000 crore Turnover and Rs.7,500 crore Profit After Tax for the first time. For the [...]

Categories: Industry

At this year’s Annual Stockholders’ Meeting, specialty chemicals company LANXESS was able to look back at a year of strong figures and groundbreaking changes. “LANXESS today is a realigned enterprise that is profitable, stable and fast-growing,” stressed Matthias Zachert, Chairman of the Board of Management at LANXESS, in his presentation before the stockholders at the LANXESS arena in Cologne. In view of the encouraging business results, the Board of Management [...]

Categories: Industry

PNC Infratech Ltd (Q4 FY17): Weak quarter; Strong Order book to drive future growth – BUY CMP (Rs) 144, 12-mts Target (Rs) 176, Upside 22.2% Cipla (Q4 FY17): One offs spoil Q4 show – Accumulate CMP (Rs) 492, 12-mts Target (Rs) 540, Upside 9.4% Corporate News Glenmark Pharmaceuticals has received final approval from the US health regulator for its generic version Olmesartan Medoxomil tablets, used in the treatment of high [...]

Categories: Industry

Eros International Media Limited (Eros International), a leading global Company in the Indian film entertainment industry, today announced its consolidated financial results for the quarter and full year ended March 31, 2017 (Q4 & FY2017). The revenue for FY17 is at Rs. 14,453 mn, against Rs. 16,257 mn in FY16; down 11%. The PAT is at Rs. 2,575 mn, against Rs. 2,387 mn; up 8% and EBIT at Rs. 3,768 [...]

Categories: Industry

Whirlpool of India Limited today announced that,  Mr. Arvind Uppal, Chairman Whirlpool of India Limited and President Asia Pacific, Whirlpool Corporation has decided to voluntarily retire from Whirlpool Corporation effective December 31, 2017. Mr. Uppal will continue in his role as Chairman, Whirlpool of India Limited. Commenting on his decision Mr. Uppal said, ““This has been a very satisfying and fulfilling 12 years where I have experienced some of the [...]

Categories: Industry

We as children have been our parents’ top priority, sometimes even at the cost of their well-being and happiness. While the pain they took mostly remains hidden from us, can we ever give back enough? We know, we can’t; but isn’t there joy in the attempt. This is the premise of the new Volini #PatOnTheBack campaign. It urges us to reflect on whether we are doing enough to give back [...]

Categories: Industry

Indian-American Businessman Nitin Khanna entered California with his Cannabis business, the fastest growing industry in America. As more states legalize recreational use, the demand for premium cannabis is expected to increase. With a population of 39.1 million, California is the largest market in America within this industry; it was also the first state to legalize the medical use of marijuana back in 1996. Nitin Khanna is the CEO of MergerTech, an [...]

Categories: Industry