Alcatel-Lucent has announced that it is hunting for a new CEO, following reports of a fourth-quarter net loss of 1.37 billion (US$1.81 billion). Current CEO Ben Verwaayen will step down as soon as a replacement is found, and will not seek ...
Edgar Langen, a lighting expert with extensive experience in LED Lighting and associated electronics, has been appointed General Manager of Lumotech, part of the Nualight Group. He will be responsible for all lighting electronics at the ...
Tags: Edgar Langen, LED Lighting, Lighting
Metso will supply Hyogo Pulp Industries with a pulp drying line for its mill in Tanigawa, Japan as part of an order. The capacity of the new line, for which start-up is planned for the last quarter of 2014, will be 770 air dried tons per ...
Nestlé India has entered into an agreement to acquire 26% stake in dairy company Indocon Agro and Allied Activities, which is engaged in milk collection business in Western India. According to the company, the deal is expected to ...
Tags: Nestle India, Stake, Dairy Company, Indocon Agro
India-based manufacturer of branded milk and ice cream Hatsun Agro Product plans to establish a milk processing facility in Tirunelveli, Tamil Nadu with an investment of INR500m ($9.39m). The plant is expected to process 2.5 lakh liters ...
Tags: branded milk, ice cream, Hatsun Agro Product
Business Line reported that cement industry in Andhra Pradesh has been pushed into a state of uncertainty in 2012 by price volatility,demand blues and power cuts. The industry captains seem to be more worried about infrastructural ...
Tags: AP Cement Industry, Andhra Pradesh
Business Line reported that Essar Ports is the lone bidder for the INR 3,700 crore mega container terminal project at Chennai port.It has offered a revenue share of 5.25%for the project,slightly above the 5%Adani Ports offered in the ...
Tags: Essar Ports, Chennai port, revenue share
Business Line reported that Sembawang Engineers and Constructors Pte Ltd, which is a subsidiary of Punj Lloyd Ltd, has planned to buy the construction businesses of Macmahon Holdings Ltd of Australia through its wholly owned subsidiary ...
Tags: Sembawang Engineers Constructors Pte Ltd, Punj Lloyd Ltd
Business Line reported that feasibility study for the TATA Steel backed iron ore projects in North Eastern Canada is running behind schedule. TATA Steel and its strategic partner New Millennium Iron Corporation, have granted additional time ...
Tags: TATA Steel, Iron Ore, Mineral, Metallurgy
Business Line quoted central transmission utility Power Grid Corporation recently said that its board has approved an investment of INR 182.80 crore for a project in Tamil Nadu. The company said in a regulatory filing said that the ...
Tags: Power, Power Grid Corporation, Power Grid, invest
Business Line reported that TATA Power Company Ltd’s wholly owned subsidiary Coastal Gujarat Power Ltd has discontinued supply to the distributing companies of Rajasthan from its 4,000 MW ultra mega power project at Mundra, Gujarat, ...
Tags: TATA Power, TATA, power, fuel
Business Line reported that Mahindra & Mahindra sold 45,297 vehicles in December, a 6% increase from 42,761 units sold during the same month a year ago. The company’s domestic sales stood at 42,307 units during the reporting month, ...
Tags: Mahindra and Mahindra, vehicles, December, India
Business Line reported that Mercedes-Benz India is raising the prices of its vehicles from 1% to 3% with effect from January 14th 2013. Mr Eberhard Kern MD & CEO of Mercedes-Benz India said that "Rising inputs cost, volatility of the ...
Tags: Mercedes Benz, India, vehicle, car industry
Business Line reported that Mahindra and Mahindra has decided to seek clarification from the Government on why the Foreign Investment Promotion Board had rejected its proposal to enter into a JV with Rafael Advanced Defense Systems of ...
Tags: Mahindra and Mahindra, Government, Foreign Investment Promotion Board, JV
Business Line reported that Infrastructure EPC player KEC International Ltd has got new orders valued INR 1511 crore in transmission, power systems and cable businesses in India and abroad. In a communication to the stock exchanges, KEC ...
Tags: EPC player, KEC International, INR, India