Pune based Trinity India (TIL), will s

Pune-based forgings maker Bharat Forge Ltd (BFL) plans to step into the manufacture of ultra heavy forgings catering to the power sector, including nuclear plants.

Under the proposed plan, the company would setup a new company and pump in Rs 1000 crore to Rs1, 200 crore.

BFL would hold major stake in the new plant. The company plans to form the latest plant with help of JV partners, for which it is already is in talk with various firms.  

The company would set up the new company at Gujarat or Vizag and the location would be finalized by the year-end. The plant is expected to be operational in three years.

Pune, Aug. 7 : Ever since software developers and hardware experts made their presence felt in Pune in 2002, there has been no looking back for the Information Technology (IT) sector in this industrial city of Maharashtra.

The progressive trends in the IT industry have benefitted businesses like real estate, hospitality and consumer services to a great extent.

The business ventures of real estate and hospitality have directly and indirectly gained the optimum from the IT boom in Pune.

In the real estate market, there has been a visible growth where it has generated around 70,000 employment opportunities.

Around 30,000 to 40,000 commercial buildings and residential dwellings have been constructed annually.

Pune, Aug 1: Planning Commission Deputy Chairman and noted economist Montek Singh Ahuwalia will be awarded with “Lokmanya Tilak Puraskar” here today for his contribution to the country’s economic growth.

The award includes a gold medal, a citation and Rs one lakh.

Earlier, Chairman of Lokmanya Tilak Trust Deepak Tilak had said, “Ahluwalia would be awarded on the death anniversary of the freedom fighter Balgangadhar Tilak whom the British described as the ‘father of Indian unrest’”.