India-based United Breweries Group is seeking a buyer for its residual 4% stake in United Spirits worth Rs 22bn ($331m) to repay its loans. The development may also see its chairman Vijay Mallya quit his position in United Spirits by ...
Tags: UB Group, United Spirits
Reliance Energy backed Indian power company BSES discoms sold some 1.6 million LED bulbs in Indian metropolitan New Delhi over the last three months as part of its energy conservation promotion, reported The Economic Times. The power ...
Tags: LED bulbs, Indian market
The Government of Punjab, a northern state of India, has received 55 investment proposals worth Rs 80bn ($1.22bn) for the establishment of food processing units. Among the interested parties, food conglomerate ITC and Poland's offers ...
Nestle India has begun the production of Maggi Noodles at three of its plants in India and is targeting launch in November to take advantage of the festive season sales. Nestle has begun Maggi Noodles production at its plants in ...
Tags: Maggi Noodles, Nestle
Nestle is preparing ground for the re-launch of its Maggi Noodles with increased spending on television advertisements. Expected to be back on shelves by Diwali, Maggi Noodles is set to make a grand comeback by taking advantage of the ...
Tags: Nestle, Maggi Noodles, Indian Market
Toyota is planning to invest Rs10bn ($150m) into its Indian subsidiary Toyota Kirloskar which is expected to be used for the company’s new engine plant and new projects including production of Innova, Fortuner and a mid-size sedan. ...
Tags: Toyota, engine plant
South Korean automotive giant Hyundai Motor’s India unit has shelved its plan to export Creta SUV from September to November-December to cater to the domestic demand. The carmaker, which aims at boosting output to 7,000 units a ...
The emissions from compressed natural gas (CNG)-run buses have the potential for causing cancers in human beings due to the presence of ‘nanocarbon’ particles. This has been revealed by a study conducted by Council of ...
Tags: CNG Vehicles, natural gas
Swedish automobile major Scania has taken its bus to Central Institute of Road Transport (CIRT) in India for homologation test as the last lap towards the pilot launch of the first-ever ethanol-run buses in Nagpur, Maharashtra. The ...
Henkel Adhesive Technologies India, an arm of German consumer giant Henkel, will pump in €30m ($34m) into a new adhesives unit in the state of Maharashtra. Expected to be operational by early 2017, the new manufacturing unit will be ...
Tags: Henkel, Adhesive Making Unit
Pernod Ricard intends to borrow up to $240.4m in a bid to break the dominance of Diageo-controlled United Spirits's share in the Indian spirits market. United Spirits holds one third of the share in the Indian market. Without ...
As part of the Indian government's second phase of national urban renewal mission, state transport authorities have placed orders for more than 4,000 buses from Tata Motors. The Economic Times cited Tata Motors Commercial Vehicles ...
It is reported by Indian Economic Times that the new administration pays more attention on infrastructure construction and Beiben considers to re-enter the market with new trucks. The great potential of Indian market attract many China ...
Tags: Indian market, China auto makers, SAIC, Trucks
Bloomberg News sat down with Peter Coy, Bloomberg Businessweek Economics Editor, and Susan Lyne, AOL BBG Ventures President, to discuss the American economy, and to try to answer the question: is America roaring back economically? Coy ...
Japanese auto maker Suzuki Motor laid foundation stone at its JPY60bn ($509m) vehicle manufacturing facility in Gujarat, India. The company is planning to set up three plants in the Indian state at an investment of Rs 80bn ($1.3bn). ...