Company News

JK Tyre to focus on OTR Segment; sketches investment plan worth Rs 270 crore

JK Tyre to focus on OTR Segment; sketches investment plan worth Rs 270 croreJK Tyre & Industries, a leading automobile tyre manufacturer, sketched an investment plan worth Rs 270 crore for expanding its production capacity of off-the-road (OTR) tyres by 2011.

The company currently has 42 per cent share in the 95,000-units domestic OTR market in the country, which are used for application like mining and excavation.

Van Heusen aims to achieve turnover of Rs 400 crore by 2011-12

Van HeusenVan Heusen, the premium formal-wear brand from Madura Garments, is targeting a turnover of Rs 400 crore by 2011-12 as against Rs 250 crore now on the back of new stores.

According to reports, it has been revealed that the company intends to open 75 exclusive stores over the next three years focusing on Tier II and III cities.

The firm is eyeing 25-30 per cent of the business from Tier II and III cities by 2011-12.

Fiat could bid for Opel if Chrysler deal falls through Eds

Fiat could bid for Opel if Chrysler deal falls through EdsGermany/Washington - In the high-stakes scramble for survival in the car industry, Italian car manufacturer Fiat Friday said it could pursue a deal with GM's Opel and Vauxhall brands if the pending partnership with Chrysler collapses.

Fiat chief executive Sergio Marchionne said that completing arrangements with Chrysler by the US-government-imposed deadline of April 30 was still his "first and foremost objective," the Detroit Free Press reported online.

But if that falls through, he would pursue the Opel and Vauxhall path.

Lanco Infratech sells Rithwik Energy to Agri Gold Project

L&T to sign ‘Nuclear Co-operation Pact’ with two overseas firms

L&T to sign ‘Nuclear Co-operation Pact’ with two overseas firms According to latest reports, it has been revealed that country's largest engineering and construction conglomerate, Larsen & Toubro (L&T) is all set to enter nuclear power plant construction business.

Sources familiar with the development informed that the engineering and construction firm is presently in talks with two overseas firm and will soon sign a cooperation agreements with General Electric Hitachi of the US and Areva of France, two of the largest vendors of reactors, within time period of 3 to 4 weeks.

Shree Cement books 1000 Nanos for rewarding its employees

Shree Cement books 1000 Nanos for rewarding its employeesRattan Tata's dream small car Nano has been scaling new milestones due to heavy interest shown by common people and some corporate houses. Recently, Shree Cement Managing Director, HM Bangur announced to place a bulk order of 1000 Nanos on the eve of Earth Day on Wednesday.

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