Essel Group enters partnership with German firms
New Delhi: Essel Group has entered into a partnership with three German firms for technology transfer in areas including wind and solar energy. Under the agreements, the Group, which holds significant interest in developing smart cities in India, aims to boost its solar, wind energy and waste water management …read more
NTT Communications to invest Rs 620 crore on new data centre in Mumbai
New Delhi: NTT Communications plans to invest US$ 100 million in developing a new data centre in Mumbai through its subsidiary Netmagic Solutions.
India’s sugar output to surpass 27 mn tonnes this season: ISMA
Mumbai: Sugar production in India grew to 26.36 million tonnes (MT) by April 15, 2015, a rise of 3.21 MT from the same period last year, according to Indian Sugar Mills Association (ISMA).
Lalit Suri Hospitality Group to invest Rs 250 crore over next two years
Mumbai: The Lalit Suri Hospitality Group plans to invest around Rs 250 crore over the next two years to expand its portfolio to 16 hotels. The hotel chain, with 13 operational hotels, will add three hotels in London, Ahmedabad and Mangar (Delhi-NCR) in the next two years.
Online retail to boost revenues of consumer goods firms: UBS report
New Delhi: Consumer packaged goods companies such as Hindustan Unilever Ltd (HUL), Titan Co Ltd and Colgate-Palmolive India Ltd stand to benefit as online shopping gains momentum in India, according to a UBS report, which forecasts that online retailers will contribute to around 6 per cent of revenues for …read more
Ola raises $400 mn to drive expansion into smaller cities
UGC to allocate 20% of budget to PFMS
US based textile company Nextt to introduce its brands to Indian market soon
New Delhi: US based home textile company Nextt which is as a key supplier to big retailers such as Walmart, Target, Kohl’s, Dillard’s etc. plans to introduce its popular brands to Indian market.
Tata Group launches online grocery service in Mumbai
Mumbai: The Tata Group has launched an online grocery platform my247market.com. The portal will sell fruits, vegetables, staples, meat, bakery and dairy products. It will also sell packaged food, beverages, confectionery, baby care products and so on.
Rockefeller Foundation pledges $75 mn for Smart Power India project
New Delhi: Rockefeller Foundation has pledged US$ 75 million as part of its new initiative to use renewable energy based mini-grids not just to light up 1,000 villages in Uttar Pradesh and Bihar, but also create new jobs by providing electricity for commercial purposes.
