ENGINEERING

Centum Electronics picks 51% stake in French firm Adetel

June 17, 2016 | Anuradha Verma

Bangalore-based electronics company Centum Electronics Ltd has acquired a 51% equity stake in French firm Adetel Group, it said in a statement. Financial terms of the deal, however, have not been disclosed.

Japan’s Meidensha Corp takes full control of Prime Meiden

June 14, 2016 | Anuradha Verma

Japanese capital goods maker Meidensha Corporation has increased its shareholding in Indian power equipment maker Prime Meiden Ltd to 100% from 23%, as per a press release.

Financial terms of the transaction have not been disclosed.

Havells to hike stake in lighting products maker Promptec to 70%

June 14, 2016 | Anuradha Verma

Electrical products maker Havells India Ltd has decided to raise its stake in Bangalore-based Promptec Renewable Energy Solutions Pvt Ltd to as much as 70% for an undisclosed amount, as per a stock market disclosure.

L&T chief Naik hints company insider to be next chairman

May 26, 2016 | Anuradha Verma

The successor to AM Naik, group executive chairman at India’s largest engineering company Larsen & Toubro Ltd (L&T), will mostly likely be a company insider with deputy managing director SN Subrahmanyan being the front-runner.

From other newsrooms: Two bidders may tie up for Tata Steel UK biz and more stories

May 23, 2016 | Anuradha Verma

Two of the bidders for Tata Steel Ltd's Port Talbot and other UK steel plants may work together. 

Promoters sell 4.2% stake in Eicher Motors for $316 mn

May 13, 2016 | Anuradha Verma

Indian bike and truck maker Eicher Motors Ltd’s promoters have sold 1.14 million shares, or a 4.2% stake in the company, for Rs 2,100 crore (about $316 million), as per a stock market disclosure. 

Exclusive: Electric bike maker Ampere raises fresh funds from Kris Gopalakrishnan

May 05, 2016 | Nishant Sharma

Electric bike company Ampere Vehicles Pvt Ltd has raised fresh funding from Infosys co-founder and former CEO Kris Gopalakrishnan, the Coimbatore-based company’s founder said.

Gujarat State Fertilizers and Chemicals wants to exit Iran urea project

May 02, 2016 | Deepak Kumar Sahu

India’s growing engagement with Iran post the sanctions to ensure an uninterrupted supply of fertiliser to its farmers may not yield the desired results, with its plan to set up a urea plant in Iran hitting the skids.

I would want people to believe that coal is no longer dirty: Anil Swarup

April 27, 2016 | Priyanka

Anil Swarup, a 1981 batch Indian Administrative Service officer of Uttar Pradesh cadre, has shifted the focus of debate on availability of coal in India to the fuel’s quality. The country has now set up a production target of 1.5 billion tonne of coal by 2020.

BCG to assist in formulating bailout plan for the steel industry

April 21, 2016 | Deepak Kumar Sahu

Taking into account the enormity of the stress in the domestic steel industry, India has engaged Boston Consulting Group (BCG) to suggest ways to tackle the issue of non-performing assets in the sector.

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