businessfortnight

Mangalore: October :  Following highly successful launches in Karnataka, Tamil Nadu, Kerala & AP & Telangana, Tata Hitachi rolled out the all New backhoe loader,  TATA HITACHI SHINRAI  today in the city of Mangalore. Announcing the launch of the all new Backhoe Loader, TATA HITACHI SHINRAI A revolutionary new offering from Tata Hitachi,  SHINRAI  is designed and manufactured on the key tenets of capability and reliability. An engineering masterpiece, this machine, with its new and advanced features, stands true to its name:  SHINRAI  – a Japanese word that means  Trust, Reliability and Confidence. With Industry leading reaches, dig forces, a brand new front end loader geometry and a design built for attachments;  Tata HITACHI SHINRAI  is a truly capable machine.  This capability is backed by a “high torque at low rpm” engine with enough reserve power across its entire spectrum to provide confidence in its capabilities. With...

Mumbai:  A green mobility startup backed by TVS Motor Co. Ltd plans to launch a premium electric motorcycle, equivalent of 200-250cc and capable of reaching a top speed of 150kmph. The motorcycle, to be launched in the second half of 2019, will be India’s fastest and most powerful electric two-wheeler, Ultraviolette Automotive Pvt Ltd founders Niraj Rajmohan and Narayan Subramaniam said in an interview. The fastest 200cc bike is here. And it’s electric The three-year-old Bengaluru-based startup claims the motorcycle, now in its fourth generation, has outperformed similar fuel-driven bikes in “design, performance, user and ownership experience” but will be offered at a similar price point to increase accessibility of electric technology. The electric bike will be Ultraviolette’s first launch, with the first prototype having been built in June 2016 and several versions tested for over 10,000km, the company said. “Our intent, when we started out, was not to build the best electric bi...

Envision a pharmaceutical plant where people are watchful and attentive as the business responds to change quickly and efficiently. As digital transformation ensues to disrupt, transform and reshape industries we can now picture an operation that delivers consistent production, real-time information and accurately controlled and safe processes that comply to the regulatory and demanding requirements of the pharmaceutical industry. Product quality is affected by factors such as fluctuations in the quality of raw materials and the aging of manufacturing facilities. To help address such problems, manufacturers are turning to digital technologies and solutions such as AI, big data, and Industrial Internet of Things (IIoT).Time has come for co-innovating tomorrow. sajiv nath Modernising Pharma Manufacturing with co-innovation The pharmaceutical industry has recognized the value of automation as we have come to recognize that industrial automation is a business tool, not just a control t...

The initial public offering (IPO) of railway engineering and construction firm Ircon International, which opened for subscription on Monday, will close today. Shares of Ircon will be listed on both the NSE and the BSE. The government is selling a 10% stake, or 0.99 crore shares, at a price band of Rs 470-475 per equity share. At the higher end of the price band, the shares are estimated to fetch over Rs 470 crore. As of 11:45 am today, Ircon IPO was subscribed 1.63 times, according to NSE data. The lot size is a minimum 30 shares and in multiples of 30 shares thereafter. Retail investors and eligible employees applying for Ircon shares will be offered a discount of Rs 10 per share. Ircon IPO: Last day to subscribe, key things to know before you invest Investors can apply up to a maximum of Rs 2 lakh in the retail category and above 2 lakh in the HNI category.  At the end of Day 1, the Ircon IPO was subscribed 29%, according to NSE data, with retail segment subscribed 86%. In June ...

New Delhi:  With the union cabinet approving the complete electrification of broad-gauge railway tracks by 2022, power demand by Indian Railways is set to double in the next four years. The power requirement for broad gauge will increase from 2,000 megawatts (MW) to 3,400MW, while the two dedicated freight corridors will require another 600MW, according to a railway official, requesting anonymity. Power will be procured by Railway Energy Management Co. Ltd (REMCL), a joint venture of the Indian Railways and RITES Ltd. 100% railway electrification to double power demand by 2022 Set up in 2013, REMCL is primarily responsible for tapping the business potential of the energy sector. It currently caters to 60% of railways’ power needs. “As per our estimates, broad-gauge electrification will increase power demand from present 2,000MW to 3,400MW. The 2,000MW is only for train operations and if we add non-traction consumption like use of electricity at workshops, railway station...

Mumbai:  The proposed 4% stake sale in SBI General Insurance Co. has drawn interest from at least three global private equity investors, including KKR, Singapore’s Temasek Holdings Pvt. Ltd and Canada Pension Plan Investment Board (CPPIB), two people directly aware of the development said, requesting anonymity. “All the above funds have expressed initial interest and are expected to submit the binding bids but more bidders are expected to place bids,” said one of the persons cited above. The sale process, which was announced by the State Bank of India (SBI) in August, is being managed by Kotak Investment Banking. SBI General Insurance stake sale attracts KKR, Temasek, CPPIB Emails sent to SBI, Kotak Investment Banking and CPPIB remained unanswered until press time, while spokespeople for Temasek and KKR declined to comment. The 4% stake sale is part of the pre-offer valuation exercise of SBI General Insurance before its planned initial public offering (IPO) by the end of March thi...

With the festive season about to begin, many people will begin scouting the market for good deals on cars. While car manufacturers usually refrain from giving discounts on newly launched models, dealers tend to offer some freebies at their end to attract customers to new as well as old car models. But it’s possible that despite the freebies, the price tag may be holding you back, when it comes to your favourite car or model. In that case, you can take a look at the used car market in the country. The used car market in the country is growing fast, and it is quite likely that you may get your favourite car model—which is not very old—at an attractive price. Click here for enlarge Remember that a lot of people prefer used cars, despite having the money to buy a new one, because car is a depreciating asset. Also, a lot of first-time drivers prefer a used car for initial driving practice. To help make your decision easier, we looked at a list of used cars compiled by OLX India, a class...