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Indian Hume Pipe Company rose 2.03% to Rs 381.35 at 15:17 IST on BSE after the company said it secured an order worth Rs 135.78 crore from Government of Andhra Pradesh. Announcement was made during trading hours today, 21 February 2018. Meanwhile, the S&P BSE Sensex was up 149.15 points, or 0.44% to 33,852.74. On […]

Linde India, part of the global German Linde Group, has set up its first food lab and training centre in Andhra Pradesh. The food lab is located in Mangalagiri near Amaravati. This is the company’s first food lab and training centre in India and South Asia. Food lab is a technology demonstrator lab that showcases […]

In a move that will benefit aluminium maker Vedanta, the Odisha cabinet on Wednesday approved a long-term linkage policy for bauxite. Anil Agarwal’s Vedanta has had a long and difficult wait for the key raw material used to make aluminium. Under the policy announced today, the Naveen Patnaik’s governmnet will offer bauxite at market prices […]

Union Cabinet has opened up coal mining to the private sector firms for commercial use. Cabinet Committee on Economic Affairs (CCEA) has approved methodology for auction of coal mines for sale of coal. Coal mines will now be sold in an e-auction to private domestic and global miners. Decision is expected to bring effectiveness in […]

State-run power equipment maker BHEL on Wednesday said it has bagged a Rs.10.34 billion gas turbine-based captive power plant order from HPCL. In a regulatory filing, Bharat Heavy Electricals Ltd (BHEL) said it has “won a prestigious contract for setting up a gas turbine based captive power plant on lumpsum turnkey (LSTK basis) under International […]

Oil and Natural Gas Corp is set to hire international oil service giants for the first time to boost output from domestic oil fields in response to a government push to increase local supplies and cut expensive imports. ONGC, India’s biggest explorer, has short-listed U.S. oil service companies Halliburton, Schlumberger and GE subsidiary Baker Hughes […]

Ambuja Cement, part of Swiss cement company LafargeHolcim, has planned to infuse Rs.1,391 crore to set up a greenfield clinkerisation plant in Rajasthan. Proposal to set up 3.1 million tonne plant has been approved by the board of directors. An initial investment of Rs.1,391 crore will be made towards the Phase-I with a capacity of […]

Shortly after the announcement of a slew of projects by industrialists, including Mukesh Ambani, Kumara Mangalam Birla and Gautam Adani, by signing investment pacts of Rs.4.28 lakh crore in the first day of the two-day investors’ summit in Lucknow, Prime Minister announced the setting up of a defence production industrial corridor entailing an investment of […]

International Finance Corporation, the investment arm of World Bank, is betting big on affordable housing in India. It has invested in a dozen companies that are either building affordable homes or lending to home buyers in this segment. In an email interview with Ranju Sarkar, the firm’s South Asia Director MENGISTU ALEMAYEHU explains why IFC […]

Capital First today said the regulator National Housing Bank (NHB) has approved the merger of the company along with Capital Home Finance and Capital First Securities Limited with IDFC Bank. “We would like to inform you that the National Housing Bank (NHB) has vide its letter dated February 19, 2018 intimated that NHB has no […]