"Plans are in a nascent stage and we will take further steps after the festival season is over"
The group wants to expand its drug store chain.
The leather industry is looking for export destinations other than the crisis-hit Europe, which accounts for 60 per cent of its revenue.
Bosch Rexroth (India) Ltd, part of German automation firm Bosch Group, is expecting completion of its drives and control systems production facility in Sanand, Gujarat, by November or December this year, according to V K Viswanathan, managing director of Bosch Ltd.
Small and mid-sized IT companies offer the best way to take advantage of the next stage of the emerging market growth story. According to Nasscom, the apex body for the IT industry, the industry expects to grow by 11-14 per cent and this growth will be driven by small and medium companies, which are performing better than tier-I companies.
An Indian born, US-educated, Australian citizen, Tejpavan Singh Gandhok has recently joined as the CEO of Om Pizzas (OMP), the master franchisee for Papa Johns Pizza in India, as well as Chillis, the Tex-Mex Restaurants. His appointment was announced with fresh investments from the existing investor in OMP - TVS Capital Fund.
The two JV partners have undertaken an empowerment initiative for Indian women entrepreneurs, having set a target of impacting the lives of 25,000 women by 2016. They have also said they will substantially increase sourcing from women-owned businesses in India.
According to an internal communication signed by KSL's company secretary, a copy of which is available with Business Standard, the changes will come into effect from June 1.
Commercial vehicle maker Ashok Leyland, part of the London-based Hinduja Group, is to enter Britain's mid-range truck market through a tie-up by its Prague-based subsidiary, Avia Ashok Leyland.
Private equity (PE) investments in India's SME sector dropped by 43 per cent to $134 million in 2012 (January to year till date) from $236 million in the corresponding period of 2011. The number of deals fell by 34 per cent during this period.
Link loan disbursals with firming up of steady supply of raw material.
SpiceJet, the low-cost air carrier, on Thursday got its shareholders' approval to issue additional equity shares to promoter Kalanithi Maran, who in turn will infuse Rs 130 crore (Rs 1.3 billion) into the airline. Maran's equity holding would go up from 38 per cent to 43 per cent of the company's shares.
The channel is an equal joint venture between NDTV and Chennai-headquartered newspaper group The Hindu.
The company says it is gaining fast because of its strategy extending brand CSK into the market by being associated with cricket's most valuable property, the Indian Premier League that consists of 10 teams.
Mahindra & Mahindra has decided to dismandle its recently acquired Boeing plant in Melbourne, Australia, which makes machinery for aircraft, and shift it to Bangalore.
The two partners have said they'd produce 150,000 vehicles as part of the phase-I plan from their existing facilities in the state, till the new factory goes on stream.
French car major Renault is set to launch five new cars in India before 2012.
The Renault Nissan Alliance has said that its Oragadam greenfield facility near Chennai - its first in the world - will be a template for its upcoming Morocco facility, with a few changes only in the back-end engineering. The company is training 30 senior employees drawn from various verticals at its Oragadam plant.
India is also the third largest borrower of the International Bank for Reconstruction and Development (the World Bank), with a total portfolio of $21.9 billion (Rs 98,590 crore).
The index began tracking jobs in the sector from July 2008 and there was a sudden dip of 29 per cent in the month of December 2008, said V Suresh, executive vice president and national head of sales for the portal.
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