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Hotel brand will not pass on cost of new members in its sales function to hotels in network. American hospitality major Hilton has roped in 3 senior executives from rivals, including ITC Hotels and Oberoi Group, to strengthen its leadership team as it braces for a growth phase in the country. Hilton aims to double […]

Blackstone has invested over $5 billion across 30 real estate investments of which $3.7 billion is in office space. USA-based private equity firm Blackstone is in final talks with another PE fund Xander to sell its infotech parks in Pune for around Rs20 billion, said sources. Earlier, Singapore-based CapitaLand was in talks with Blackstone to […]

Suidihi Distillery proposes capacity expansion of its distillery unit from 6 kpd to 65 kpd, as per information collected by the Projects Today research team. Distillery is supported by a 1.5 M.W.co-generation power unit. The Rs 60 crore brownfield project will come up at Suidihi village in Sundargarh district of Odisha. While the project is […]

Bus aggregator ZipGo Technologies is in advanced talks with Essel Group to raise USD 50 million. ZipGo wants fresh capital in order to grow its presence in India from current 10 cities. Bengaluru-based company will also use the funds to offer bookings for electric buses and e-rickshaws. Essel Group intends to invest in ZipGo as […]

Italy-based Benelli, a motorcycle manufacturer, has signed a memorandum of understanding (MoU) with the Telangana government for setting up an indigenous manufacturing plant near Hyderabad. Italian motorcycle manufacturer has entered into a strategic partnership with Adishwar Auto Ride India-Mahavir Group to market its products in India. The facility will be developed in two phases. n […]

Company may look at 5-6 launches a year as the market for premium and niche products grows Consumer goods major Marico proposes to step up launch of digital brands in areas such as male grooming and female hair nourishment as the market for premium and niche products grows, driven by affluent and tech-savvy consumers. Company […]

Bengaluru-based Kurlon Enterprise has drawn an expansion plan with an investment of Rs 250 crore to increase its production capacity. Company is planning to set up three more mattress manufacturing plants in the states of Assam, Andhra Pradesh and Odisha to more than double its capacity to 2,50,000 mattresses per month. Expansion will be completed […]

Geothermal Development Company (GDC) of Kenya is set to begin with the operation of drilling wells in search of steam power for the Baringo-Silali geothermal power project in Baringo county. GDC has identified Paka, Silale and Korossi as prospect areas with each expected to generate more than 100 M.W. Phase-I of the geothermal project is […]

GKN Fokker Elmo has entered a memorandum of understanding (MoU) with the Maharashtra government to set up second manufacturing facility for wiring interconnection systems in Pune, Maharashtra. Company will make an investment of USD 10 million. New facility, a fully- owned GKN Aerospace business, will commence production in the first quarter of 2019. Workforce is […]

As per the latest updates shared with Projects Today, Hyosung Corporation has initiated work on spandex yarn manufacturing unit (Phase-I) at Aurangabad Industrial City (AURIC) in Maharashtra. At present, land leveling work is underway on the unit. Project worth Rs.3,000 crore will be executed in phases. Phase-I of the project being built on 100 acre […]