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After launching its first store in Hyderabad in August, Swedish home furnishings company – IKEA – will be opening its second store in Mumbai in March 2019. Company will also be launching its e-commerce operations by March next year. “Ikea will create a multichannel experience for its customers in India. It will launch ecommerce in […]

Ametek Instruments India, a provider of electronic instruments and electro-mechanical devices has established a technology solutions centre in Bengaluru. Ametek India is a unit of Pennsylvania-based Ametek Inc, with annualised revenue of more than $4.8 billion. The technology solutions centre, with investments of $5.5 million, will be located in Whitefield, Bengaluru. Centre will support the […]

Sundaram-Clayton Ltd.(SCL), part of the TVS Group, on opened its new foundry at Oragadam, near Chennai with an investment of more than ₹150 crore. New facility, which was inaugurated by Young Key Koo, Managing Director and CEO of Hyundai Motor India Ltd, has been established to meet the growing demand from the automotive industry. Foundry, […]

In 2017-18, the Kolkata based construction equipment maker TIL Ltd reported a nearly 25 per cent rise in topline to ₹400 crore. But its net profit dropped to ₹17 crore. Apart from the cost push, what particularly impacted the bottomline was ₹12 crore jump in wage bill.” In an exception to the barren industrial outlook […]

In a bid to cater to the rising demand for both flat and long product segments, Jindal Steel has decided to invest ₹300 crore in expanding the capacity stainless steel at its factories in Haryana and Odisha, Senior Vice President, Vijay Sharma said, adding that the company’s melting capacity across the two States is about […]

Swedish furniture retailer Ikea plans to invest close to Rs1,000 crore in its first store in Bengaluru. Karnataka is a priority market, the company said, adding, it will invest over Rs2,000 crore in the state in long term. Ikea’s Bengaluru store is expected to employ 800 to 1,000 directly and engage the services of another […]

India’s largest white goods maker, LG Electronics India is going to expand the production of business-to-business LED panels which are used in video walls at its Pune plant. LG India senior director (B2B; SAC & institutional business) Ravinder Zutshi said the company at present locally manufactures just 25% of its video wall portfolio which it […]

French energy giant Total SA is in talks to buy up to half of Adani Group’s stake in LNG projects in Gujarat and Odisha, an under-construction LPG import facility and in its city gas projects. French firm is keen on investing in fast growing gas market in India and finds Adani a suitable vehicle as […]

GMR Infrastructure Thursday said its arm Kakinada SEZ has inked a pact with Andhra Pradesh Gas Development Corporation (APGDC) for supply of piped natural gas. “Kakinada SEZ, a subsidiary of GMR Infra, signed an MoU with APGDC to get access to piped domestic natural gas for its upcoming 10,500-acre zone,” the company said in a […]