Gold extends fall on global cues, sluggish demand

Continuing its losing streak for the fourth straight day, gold prices eased further by Rs 10 to Rs 26,810 per ten grams at the bullion market today, tracking a weakening global trend and slackened demand from jewellers. Silver also dropped Rs 270 to Rs 36,500 per kg on reduced offtake by industrial units and coin

Tata Motors reports sales of 43,486 units in October 2015

Tata Motors continued to witness strong year-on-year growth in certain key segments in October 2015, with passenger cars (excluding UV’s), M&HCV and Exports, growing by 15%, 20% and 13%, respectively. Total sale of Tata Motors passenger and commercial vehicles (including exports) were at 43,486 vehicles, higher by 1%, over 42,862 vehicles, sold in October 2014.

Mahindra Tractors sells 27,280 units in India during October 2015

Mahindra & Mahindra Ltd.’s Farm Equipment Sector has announced its sales numbers for the month of October 2015. The company has reported total sales of 28081 units in October 2015, registering a drop of 12% year-on-year as compared to 31907 units in October 2014. The domestic sales stood at 27280 units as compared to 30800

12th Paperex To Showcase 545 Exhibitors From 33 Countries

12th Paperex To Showcase 545 Exhibitors From 33 Countries

ITE India, along with 12 trade bodies, is organizing the world’s largest paper exhibition in New Delhi with the following highlights:                                                                    

Moody’s ups Indian banking sector outlook to stable

            Moody’s Investors Service today upgraded its outlook for India’s banking system to ‘stable’ from ‘negative’ on expectation that a gradual improvement in the operating environment for lenders will lead to lesser growth in bad loans in future. Moody’s had assigned a negative outlook to the Indian banking system in

Orient Cement commissions 3 MTPA cement plant in Karnataka

Orient Cement has commissioned and started commercial production at its new greenfield integrated cement plant from September 26, 2015. The new project, located near Chittapur, District Gulbarga, Karnataka has an installed capacity of 3.0 million tonnes per annum (MTPA). With the commissioning of this new unit, the total installed capacity of the company has increased

RBI increases FII limit in Supreme Industries to 30%

Reserve Bank of India (RBI) has increased foreign institutional investors’ (FIIs) investment limit in Supreme Industries to 30% of its paid-up capital. RBI has notified that FIIs/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 30 per cent (revised from default 24 per cent) of the paid up capital of Supreme Industries under the

Arvind’s arm opens second GAP store in Bengaluru

Arvind Lifestyle Brands, a subsidiary of textiles major Arvind, has opened the second GAP store in the country in Bengaluru’s Orion Mall. The company is planning to garner revenue of Rs 1000 crore in the next five years from GAP. GAP is a well-known, aspirational brand in India that enjoys a huge fan following and

Mafatlal Industries to open 90 ‘Family Shops’ in 3 years

Mafatlal Industries (MIL) is planning to open 90 ‘Family Shops’ to increase its retail outlets to 200 in the next three years. The company has recently opened a new showroom in Agra and another two will come up at Puducherry and Nadiad (Gujarat) next month. The company has integrated manufacturing facilities at Nadiad and Navsari

Dr. Reddy’s launches Esomeprazole Magnesium Delayed-Release Capsules in US

Dr. Reddy’s Laboratories has launched ESOMEPRAZOLE Magnesium Delayed-Release Capsules USP, 20 mg and 40 mg, a therapeutic equivalent generic version of NEXIUM (Esomeprazole Magnesium) Delayed-Release Capsules in the US market on September 25, 2015, following the approval by the United States Food & Drug Administration (USFDA). The NEXIUM (Esomeprazole Magnesium) Delayed-Release Capsules brand and generic