Tuesday, December 16, 2014


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Wipro plans spending $200 million on building next generation platforms
Wipro is spending more than $200 million annually on building next generation platforms that focus on disruptive technologies including cognitive technologies, automation and machine-to-machine learning as the country's third-largest software firm seeks to edge out competition in winning large deals.

Paramount Printpackaging permanently closes factory in Navi Mumbai
Paramount Printpackaging announced that the Company has decided to effect a permanent closure of its factory located at Plot No - A 309, T T C Industrial Area, MIDC, Mahape, Navi Mumbai - 400 701 with effect from December 14, 2014..

IOL Chemicals wins second prize in chemical sector
Chemicals & Pharmaceuticals announced that the Company has once again won the National Energy Conservation Award 2014. The Company has won the second prize in Chemical Sector for its continued efforts towards new technology implementation so as to conserve energy resources of the country. Damandeep Singh, Vice President, IOLCP received the award from Pyush Goyal - Power Minister at a special felicitation ceremony held on 14 December 2014, National Energy Conservation Day, at New Delhi.

Tata Motors drops on disappointing JLR sales
Shares of Tata Motors dropped 3% at Rs480 on the BSE after retail volumes of its UK-based subsidiary Jaguar and Land Rover dropped for the second straight month.
The stock opened at Rs491 and touched a low of Rs479. Volumes fell after the two Tata Motors-owned brands reported production issues related to transition to new models and stock clearance in its biggest market China.

Strides gets USFDA nod for Calcitriol Softgel Capsules
Strides Arcolab announced that it has received approval from the United States Food & Drug Administration for Calcitriol Softgel Capsules, 0.25 mcg and 0.5 mcg.
The product will be manufactured at the Company's Oral dosage factory in Bangalore and marketed by Strides in the US market.

OMCs cut prices of Petrol and diesel by Rs2 per litre
Oil marketing companies have cut prices of Petrol and diesel by Rs2 per litre which is the eighth consecutive reduction in petrol prices in the last four months and the fourth in diesel since October 18.As a result prices of petrol and diesel have fallen to a 45 month low.

Alstom T&D India bags order worth Rs1515 mn
Alstom T&D India today said that it has bagged an order worth around €20 million (Rs 1515 million) from Rajasthan Rajya Vidyut Prasaran Nigam Ltd (RRVPNL) to supply a 400/220 kV substation in Bhadla, and expand the existing 400/220 kV substation in Bikaner, both situated in the state of Rajasthan. 'Alstom T&D India will design, engineer, manufacture, install and commission the Bhadla 400/220 kV substation, including twenty 400 kV bays and seventeen 220 kV bays.

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