India’s manufacturing sector activity inches up in November

The country’s manufacturing sector activity inched up in November but the upturn remained subdued as growth rates for new orders as well as production were modest, a monthly survey said today. The IHS Markit India Manufacturing PMI rose to 51.2 in November from 50.6 in October, when it had fallen to a two-year low, indicating only a slight improvement in the health of the sector. Continue Reading

Telecom stocks surge after tariff hike announcements

Shares of telecom companies today surged on the back of new tariff plans announced by the operators to be effective from 3 December onwards. Shares of Vodafone Idea were trading at Rs 8.38, up 22.69 per cent, on the BSE. The stock rose 22.63 per cent to Rs 8.40 on the NSE. Bharti Airtel appreciated 7.35 per cent to trade at Rs 474.80 on the BSE. The stock gained as much as 9.82 per cent to Rs 485.75 in early trade. Continue Reading

India Cements posts Rs 151 crore profit

India Cements Ltd has reported a marginal improvement in its operating performance for the quarter ended 30 September 2019 despite the drop in cement volume, through improved realisation and reduction in cost as compared to the same quarter of the previous year. Continue Reading

Union Bank of India conducts vigilance awareness week

Union Bank of India recently observed Vigilance Awareness week in all its branches and offices. During the week-long celebrations, to spread awareness among employees, workshops and competitions were being conducted. Continue Reading

Fenesta launches new uPVC windows

Fenesta Building Systems (Fenesta), a division of DCM Shriram Group recently launched a complete new and high-tech range of uPVC windows and doors to tackle extreme weather conditions and meet the changing needs of Indian consumers. Continue Reading

Parle Agro conducts waste management training

Parle Agro mobilised its employees to coach and create awareness about waste management among 15,000 students in15 locations across the country. The initiative was part of the company’s support and commitment towards encouraging sustainable methods of waste management and disposal. Continue Reading

House of Hiranandani celebrates Deepavali

The celebrations included a lighting fiesta where the township was illuminated with colourful bright lights from 26-30 October. The self-sustained ecosystem of House of Hiranandani at Egattur is spread over 120 acres and provides a holistic living experience for residents. It is located on Old Mahabalipuram Road, opposite the SIPCOT IT park. Continue Reading

Siemens to expand Chennai engineering centre

Siemens’ Chennai-based graphics and engineering center of competence is planning to double its manpower to 200 engineers over the next two years and develop applications for global market, a senior company executive said here. Continue Reading

CBIC favours extending fiscal incentives based on job creation, investments

The Central Board of Indirect Taxes and Customs (CBIC) has favoured extending incentives based on parameters like job creation and committed investments across the country, sources said. Continue Reading

Private equity investments in real estate up to $3.8 bn

Private equity investments in the domestic real estate sector rose by 19 per cent to $3.8 billion during January-September 2019, mostly in commercial properties, according to Anarock. Private equity investments were over $3.2 billion in the year ago period, the consultant said in a statement. Continue Reading