New Delhi, Mar 3 (PTI) Commerce and Industry Minister Piyush Goyal on Thursday asked the industry to look at ways to increase the contribution of the manufacturing sector to 25 per cent of GDP and set up 10 R&D labs or innovation centres to become a global leader in technology. He also said the industry should [...]
New Delhi, Mar 3 (PTI) Consumer food company LT Foods on Thursday announced the acquisition of a 51 per cent stake in the US-based Golden Star Trading Inc along with its brand for an undisclosed amount, with a call option to further buy 49 per cent equity at the end of three years. The acquisition has [...]
New Delhi, Mar 3 (PTI) Domestic card payment network RuPay will be an official partner for TATA IPL tournament starting this month. "This will be a multi-year partnership," National Payments Corporation of India (NPCI) said in a release on Thursday. NPCI had launched RuPay, the first-of-its-kind domestic card payment network in the country. The announcement [...]
New Delhi, Mar 3 (PTI) IKEA Foundation on Thursday said it has committed an immediate 20 million euro donation for humanitarian assistance for people who have been forcibly displaced by the military action in Ukraine. This is in response to an emergency appeal from UNHCR, the UN Refugee Agency, to scale up its assistance and [...]
Mumbai, Mar 3 (PTI) Pinnacle Industries, which is among the 20 companies that got approval to launch electric vehicle manufacturing under the production-linked incentives scheme, will invest Rs 2,000 crore to set up EV manufacturing units in Pune and Indore, according to a senior company official. The Pune-based company, which has been into automotive seatings, [...]
Chennai, Mar 3 (PTI) Omnichannel meat and seafood brand, TenderCuts on Thursday announced opening its first all-women store in the city and said it plans to establish more such outlets across the country. The store was an extension of TenderCuts' vision to enable all shoppers, especially women, to step into meat or fish buying experience, [...]
Mumbai, Mar 3 (PTI) Indian Hotels Company (IHCL) on Thursday announced the opening of Vivanta Navi Mumbai in Turbhe.“This opening of The 146-room Vivanta Navi Mumbai, is in line with our strategy of strengthening our domestic presence in key cities. We look forward to making the hotel a part of the city's rapid evolution,” IHCL [...]
New Delhi, Mar 3 (PTI) The government has received multiple expressions of interest for privatisation of Projects & Development India Ltd (PDIL), DIPAM Secretary Tuhin Kanta Pandey said on Thursday. The Department of Investment and Public Asset Management (DIPAM) had on December 14 invited preliminary bids for selling the government's 100 per cent stake in [...]
Pharmaceuticals firm Wockhardt Ltd on Thursday said it has fixed issue price at Rs 225 per share for its Rs 748 Crore rights issue. The capital raising committee of the company's board on Thursday decided to approve the issue of 3.33 crore fully paid-up equity shares, aggregating to a little over Rs 748 crore, Wockhardt [...]
New Delhi, Mar 3 (PTI) Debt-ridden telecom operator Vodafone Idea on Thursday said its board has approved raising of up to Rs 14,500 crore, including Rs 4,500 crore from promoter entities. An amount of Rs 10,000 crore would be raised by way of sale of equity or through debt instruments such as ADR, GDR and [...]
