The company, which logged 19 per cent growth in top line at Rs 5,400 crore (Rs 54 billion), derives around Rs 250 crore (Rs 2.5 billion) from global operations and is looking at all vectors to expand its presence overseas.
The Karnataka government is actively considering the possibility of changing the location for a proposed steel plant of Posco in north-central Gadag district; instead offer the South Korean major an alternative land elsewhere in the state. The move comes after the farmers of Halligudi village stiffly opposed plans to acquire their "fertile" land ahead of starting work on the project.
Plans for SEZ, logistics and coffee chain, among other segments
Mallya had bought the pedigree scotch major, based in Scotland, for $1.2 billion in 2007.
The machine tools industry is always the first to be affected in a slowing economy and the last to recover during a revival. However, bucking this trend for the first time, the Indian machine tool sector is poised to grow by over 15 per cent this year.
United Spirits Ltd (USL), flagship spirits company of the UB Group, has finally decided on foreign currency convertible bonds (FCCBs) to raise as much as $225 million (Rs 1,190 crore). The plan is to raise up to $175 million, plus an over-allotment option of $50 million.
The corporate headquarters, christened Britannia Gardens, sprawls over nearly seven acres on the Old Airport Road, leading on to Whitefield, one of the major technology hubs towards the east of Bengaluru.
According to senior officials of the National Highways Authority of India, this project is part of a larger 245-km highway development project connecting Hyderabad and Solapur.
GMR Infrastructure, which manages two airports in India, at Delhi and Hyderabad, seems hungry for more.
The CEC gave its latest report to the Supreme Court on Thursday.
Discussions have been initiated to sell the company to a Mumbai-headquartered, highly diversified, multi-billion dollar corporate group which has interests in retail and logistics, among various others.
It could save commuters from the stress of travelling on the congested roads during peak hours. The denizens of the city would be able to travel on the commuter rail system in the next six months.
Deccan 360 is not taking orders, as it claims it is re-aligning its services.
The channel is an equal joint venture between NDTV and Chennai-headquartered newspaper group The Hindu.
N S Raghavan, one of the co-founders of Infosys, is expanding his presence in the hospitality sector.
We are upbeat on the opportunities in India, says Vikram Kirloskar.
PremjiInvest has invested close to $20 million in the hospital chain in the last three years.
Kirani, is passionate about working with start-ups when they are at the ideation stage.
Volvo Bus Corporation, the Swedish major, has stitched grand plans for its Indian operations. It is looking at developing the country as its fourth global hub - the others are Poland, Mexico and China - for product development, bus manufacturing, sourcing of components, sales and exports.
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