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Work on Vennith Manufacturing’s Bheemakknahalli project is expected to commence by August 2018. Company intends to set a pressed components tools and dies unit with a capacity of 70 numbers per year at Bheemakknahalli, in Bengaluru Rural district of Karnataka. Project will see an investment of Rs 178 crore and spread over one acre of […]

Online furniture retailer Pepperfry said it has raised Rs. 250 crore in a fresh funding round from USA-based investor State Street Global Advisors to consolidate its lead in furniture retail, by expanding its offline presence and logistics network. Pepperfry chief executive Ambareesh Murty said in an interview that the company will use the funds to […]

Maxxis Rubber India, a tyre manufacturing company has opened its first manufacturing plant at Sanand in Gujarat. Gujarat Chief Minister Vijay Rupani inaugurated plant on 7 March 2018. Company will make an investment of USD 400 million towards the plant by 2021. Of the entire investment, the company has infused USD 320 million for Phase-I. […]

Rotomac Exports and Rotomac Global, firms promoted by banking-fraud accused Vikram Kothari, could be auctioned by the bankruptcy courts as lenders seeking the return of about Rs.4,000 crore are not confident of a revival of the floundering units under the current owners. Committee of creditors will meet on Thursday to consider an additional extension of […]

Andhra Pradesh government has proposed to introduce hyperloop facility between Vijaywada and Amravati. Hyperloop will cover the journey of 40 kilomete in six minutes between the two cities. Government is considering a proposal to introduce India’s first hyperloop transportation facility between Vijayawada and the new capital city Amaravati. A feasibility study will now begin since […]

Clay-based building material solution provider Wienerberger India, a wholly owned subsidiary of Austrian firm Wienerberger, launched a dry-fix solution for the construction industry here today. The product, Porotherm Dry Fix system, comes with ground clay hollow blocks and super glue that binds the block together eliminating the need for water or sand. Addressing media persons […]

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 […]

In yet another landmark step, The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of Indian Gem & Jewellery Industry has signed a Memorandum of Association (MoU) with Maharashtra Industrial Development Corporation (MIDC) to establish India’s largest jewellery park, to be christened as ‘India Jewellery Park Mumbai’. Proposed jewellery park, which will be […]

Executive search firm EMA Partners is launching its brand Emagine in India through its wholly-owned subsidiary. Emagine will operate as a separate business and provide new age recruitment process outsourcing solutions through its proprietary technology platform, Emagine Xplore, which leverages machine learning and artificial intelligence. It will provide enterprise wide recruitment solutions for mid to […]

Reliance Industries (RIL) and its global partners will invest over Rs. 60,000 crore in the next 10 years to set up the country’s first integrated digital industrial area in Maharashtra. More than 20 global companies have already agreed to invest with RIL. These companies include Cisco, Siemens, HP, Dell, Nokia and Nvidia among others. https://www.projectstoday.com/News/RIL-to-invest-in-Maharashtras-digital-industrial-area