HMT Watches has been making losses for the last 15 years.
New plant will manufacture around 1 mn cases per annum.
Karnataka tax dept may attach assets of dealers; new retailers not being registered
Diageo-USL integration pushed by at least two months; Firm likely to rework agreements and seek approval again
Britannia Industries, the bakery and dairy major, has tied up with e-tailer Amazon India for a pilot launch of Good Day Chunkies, a new chocolate chip cookie, for 15 days. The offer is currently on and closes on December 5, after which the product goes to offline (normal retail) stores.
Amazon's fulfilment centres, which store products of hundreds of vendors selling on the American online major's platform, are being cited by Karnataka state government authorities as a primary concern in an ongoing tax dispute.
Hundreds of Jokatte villagers adjacent to MRPL refinery near Mangalore have complained of air, noise, water pollution from plant.
Even though HMT has survived for over 50 years, it failed to find a new peg to sell itself even as later entrants captured market share.
The Reserve Bank of India's ongoing inspection of the book of accounts of Syndicate Bank is unconnected with last week's arrest of S K Jain, its chairman and managing director.
Despite a poor show, Karnataka Chief Minister Siddaramaiah chose not to resign stating that the verdict was a not a referendum on his government. Mahesh Kulkarni reports from Bangalore
Karnataka proposes to auction 15 of its Category-C mines to end-users.
Workers' union to hold meeting on Monday to decide when to return to work.
After a five-year stint as chairman of the Unique Identification Authority of India, Nandan Nilekani is set to contest the Lok Sabha elections from the Bangalore South constituency on a Congress ticket.
With slowing sales and to avoid inventory accumulation, Toyota Kirloskar Motor Pvt Ltd has planned to cut production of passenger cars and utility vehicles at its factory in Bidadi, 35 km from Bangalore.
The usage of PET bottles by a handful of wine makers is set to take the drink to the masses, thanks to a packaging solution offered by Manjushree Technopack Ltd, a Bengaluru-based manufacturer of PET bottles and performs.
The company, after witnessing a prolonged dispute with striking workers over several issues, has received the Karnataka government's approval to close the factory.
Toyota has set up two manufacturing plants at Bidadi, about 35 km from here, with a combined capacity of 310,000 units a year.
The new area expansion would help in increasing the production of silk from the present 23,000 tonnes per annum to 32,000 tonnes, a growth of 39 per cent.
The company is already supplying coffee beans to cafes, instant coffee to Hotels, restaurants and catering segment, vending and various other establishments. Going forward, it plans to look at vending solutions on its own.
It is currently scouting for suitable firms in Europe and planning to close the deal some time this year, a top company executive said.
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