A senior official of the company said that over the next couple of years to expand its footprint in smaller cities and towns with around 100-200 retail stores will be open by the textile division of Grasim Industries. It anticipates a spike in demand for textile goods in the upcoming festive season. "We are optimistic [...]
On Sunday, Brazil and India decided to cooperate in order to expand the India-Mercosur Preferential Trade Agreement (PTA) to further promote economic ties. An official statement said. Brazil, Argentina, Uruguay, and Paraguay make up the Latin American commercial bloc known as Mercosur. During their meeting here on the sidelines of the G20 Summit, Prime Minister [...]
In the 54th annual general meeting held on Wednesday, State-owned REC Ltd has received approval from shareholders to increase the overall borrowing limit of the company from Rs. 4.5 lakh crore to Rs. 6 lakh crore. "All the resolutions as set out in the Notice of 54th AGM, including addendum thereof, have been duly approved [...]
To develop a hydrogen hub at Tuticorin in Tamilnadu, NTPC Green Energy Ltd (NGEL) and V O Chidambaranar Port Authority (VOCPA) have joined hands. NTPC said in a statement that both entities signed a Memorandum of Understanding (MoU) in this regard on Friday. At the hub that will be constructed on the land supplied by [...]
Borosil is proud to provide Indian athletes and supporters with special edition Hydra Bottles at the Asian Games in 2022. Borosil is India's top glassware and kitchenware brand and one of the sponsors of the Indian Olympic Association. After the official Indian team uniform for the Asian Games was unveiled at the departure ceremony for [...]
The Incremental Cash Reserve Ratio (I-CRR), which was implemented to absorb excess liquidity following the withdrawal of Rs 2,000 currency notes, would be phased out starting on Saturday, the Reserve Bank announced on Friday. The RBI ordered banks to maintain a 10% incremental cash reserve ratio (I-CRR) on the growth in their net demand and [...]
A top company official said on Friday that Tata Group's Titan Company plans to open nine new stores of its jewellery brand Tanishq in Gujarat in the coming months, taking the number of stores to 28 in the state by the end of this fiscal. Managing Director of Titan Company Ltd C K Venkataraman said [...]
With a groundbreaking ceremony for its new facility in Nashik, Maharashtra, General Mills India, a subsidiary of Fortune 500 packaged food company General Mills Inc., marks a significant accomplishment. This celebration honors General Mills' growing presence in India. By August 2024, operations at the facility, which will serve as the hub for producing Pillsbury Baking [...]
According to its Chairman Dheeraj Hinduja, commercial vehicle giant Ashok Leyland intends to introduce its entire product line with alternative fuel options over the next three to five years to cater to various customer groups. The second-largest producer of commercial vehicles in the nation, the Hinduja group flagship, also has expansion plans for the international [...]
Young Liu, Chairman and CEO of Hon Hai Technology Group (Foxconn), recently added his voice to a growing chorus of voices around the world endorsing the nation's bold moves to position itself as an electronics and high-tech production powerhouse. He stated that India will be a significant country in terms of manufacturing in the future. [...]
