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LIC Housing Finance (LIC HFL) has made an investment of over Rs.150 crore in Karda Constructions’ portfolio of realty projects. The realty portfolio is of nearly a million square feet development across residential and commercial projects in Nashik, Maharashtra.The real estate projects are being executed by Shree Sainath Land & Developers (India). Investment has been […]

Hero Enterprise has received license to enter insurance broking business to sell both life and general insurance products. After new license, insurance business of Sunil Kant Munjal-promoted Hero Enterprise, currently carried out by Hero Corporate will migrate to Hero Broking. Hero currently offers its general insurance services to the manufacturing, hospitality, education, health, travel and […]

Utility vehicles major Mahindra & Mahindra (M&M) plans to drive in multiple versions of its entry-level models KUV100 and TUV300, catering to different sets of customers. Looking at the two brands as “long term and strategic”, company is investing in new technologies including making the products confirm to BS-VI emission norms. Besides an updated version […]

BorgWarner, a global automotive engine parts maker, has expanded manufacturing operations near Chennai in order to serve the emerging demand in next few years. USA-headquartered company has added 1,500 square metre of manufacturing space to its existing 35,100 sq m production line at its Kakkalur facility in Thiruvallur near Chennai. While the investment details pertaining […]

Indian Metals & Ferro Alloys’ (IMFA) 4.5 M.W. solar-based power unit at Therubali village in Rayagada district of Odisha is nearing completion. The development is estimated to cost Rs.50 crore. Project received environment clearance (EC) in 2016, but could commence work on the power unit only in 2018. The Kolkata-based Vikram Solar is the contractor […]

Hindustan Urvarak and Rasayan Limited (HURL) has signed a Rupee Term Loan agreement for the Gorakhpur fertilizer plant. The agreement is for a loan of ₹ 5314.33 crore with a consortium of Banks led by SBI as the lead banker and Punjab National Bank, Allahabad Bank, Union Bank of India, Indian Bank, Bank of India […]

Infosys and Google come together for cloud platform.Software major Infosys would offer scalable services and solutions on demand to global enterprises on search engine’s Google cloud platform. “We are partnering with Google to develop cloud transformation and migration services for enabling enterprises transform their businesses on scalable and on-demand model,” said the city-based company in […]

India’s 2nd largest IT services major Infosys  will open its next Technology and Innovation Hub in Arizona, USA and hire 1,000 American workers in state by 2023. Infosys hasannounced setting up of 4 such hubs and hiring about 10,000 locals in USA over next 2 years. To date, Infosys has hired 5,874 American workers against […]

Union Petroleum Dharmendra Pradhan will be visiting Nepal in the last week of September, an official of the Indian Embassy informed ANI. “Indian Minister for Petroleum and Natural Gas Dharmendra Pradhan will be visiting Nepal in the last week of this month (September) to observe the progress made over the Raxaul-Amlekhganj petroleum pipeline,” a high-level […]

Expert Appraisal Committee (EAC) under the Ministry of Environment, Forest and Climate Change, has given the green signal to state-owned ONGC limited for Additional Development Drilling of 72 wells in the Krishna-Godavari basin. Oil and natural gas PSU submitted a proposal to the Environment Ministry for environmental clearance (EC) to the project, related to the […]