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Foxconn Aims To Double Jobs, Investment In India Over Next 12 Months

Apple supplier Foxconn aims to double its workforce and investment in India by next year, a company executive said, according to Reuters. Taiwan-based Foxconn, the world's largest contract manufacturer of electronics, has rapidly expanded its presence in India by investing in ...

Bikaji Foods Raises Rs 262 Cr, From Anchor Investors

Manufacturer of snacks and sweets Bikaji Foods International Ltd has mobilised Rs 262 crore from anchor investors. The company's initial share-sale is open for public subscription from Thursday and will conclude on November 7. The firm has decided to allocate 87.37 ...

Wall Clock, E-Bike Maker Oreva Group, At Centre Of Morbi Bridge Collapse

Oreva group, which is under scanner following the collapse of a suspension bridge at Morbi in Gujarat that killed at least 130 people, specialises in CFL bulbs, wall clocks and e-bikes and it is not known how it managed to get ...

Adani, To Become Most Profitable Cement Manufacturer

Days after completing a USD 6.5 billion acquisition of Ambuja Cements and ACC, billionaire Gautam Adani said his group has planned to double cement manufacturing capacity and become the most profitable manufacturer in the country. He saw a multifold rise in ...

Harsha Engineers IPO To Open On Sep 14; Sets Price Band, At Rs 314-330/Share

Harsha Engineers International, manufacturer of precision bearing cages, on Friday said it has fixed a price band of Rs 314-330 per share for its Rs 755-crore initial public offering (IPO). The initial share-sale will open for public subscription on September 14, ...

Aprameya Engineering Files, IPO Papers With Sebi

Medical equipment manufacturer Aprameya Engineering has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO comprises the sale of fresh issue of up to 50 lakh equity shares of the company ...

Upset Over HUL Network Expansion, In MP, Distributors Call For Mass Resignation

FMCG distributors are upset over HUL's expansion of the distribution network in Madhya Pradesh and called for mass resignations, while the leading manufacturer said it is not removing anyone of its current distributors and value relationships with them. The existing distributors ...

McLaren To Foray, Into Indian Market Later This Year

British luxury carmaker McLaren Automotive on Monday said it is set to enter Indian market this year with the opening of its first dealership in Mumbai in October. The Indian market would be the automaker's 41st global territory. The opening of ...

Know All About Input Tax Credit That Shall Reduce Final Product Cost Post GST Roll-Out

Input tax credit applies to manufacturers and dealers who for their taxation incidence on the output can reduce their tax outgo by claiming for the taxes paid on the input items.This could be more easily understood as the tax credit that ...

E-payment must for excise, service tax of Rs 1 lakh

NEW DELHI: Assessees paying excise duty and service tax of Rs 1 lakh will have to mandatorily pay the levies electronically with effect from January. The earlier ceiling for mandatory e-filing was Rs 10 lakh. "From January 1, 2014, a ...

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