The central bank, by keeping the rates unchanged, has recognised that the need of the hour is to infuse confidence about the economic growth through a holistic approach. This will come by combining fiscal and monetary measures, Ramesh Nair, CEO & country head for India at JLL says. “Amidst the ongoing debate of whether the
Vienna-headquartered Wienerberger AG, the €3.3 billion global construction giant, has said it will invest Rs 30 crores at its Kunigal factory in Tumkur, Karnataka. The investment will be used to reduce carbon emission by switching to natural gas as a fuel, enhance production capacity by 25%, and launch new solutions. “When it comes to using electrical
In what could be seen as a stepping stone to sign up over two lakh dealers in the next few years, Delhi-based RP Locks has recently organised its maiden ‘Manthan’ Meet’ in Patna, Bihar. R P Locks is the owner of locks and security solutions brand Harrison. “We aim to get closer to the masses
The top 7 cities may see nearly 2.75 lakh new ready-to-move (RTM) homes over the next one year, provided developers stay on schedule. There are currently 13.1 lakh units, launched between 2014 to Q3 2019, in various stages of construction in the top 7 cities. Nearly 21% are to be delivered by 2020-end. Among the
By Mrinmoy Bhattacharjee Tiles major H&R Johnson is eying the premium and uber premium market segments with its Nobilia kitchens brand. The company is marketing kitchens in India under a strategic partnership with Germany’s Nobilia. “We have a strong relationship with Nobilia since 2007, which is getting strengthened year by year. Not only are we
Fast-moving electrical goods (FMEG) major Havells has introduced its latest range of air purifiers, Freshia. According to the company, Freshia is equipped with an “innovative” nine-stage filtration process to eliminate airborne pollutants as small as 0.3 microns and capture pollutants up to 99.99%. “Keeping pace with changing times and evolving needs, Havells has always strived
Fibre cement roofing giant HIL Ltd, part of the $ $2.5 billion CK Birla Group, has announced the financial results for the quarter ending September 30, 2019. The company reports growth in revenues by 42% to Rs 586 crore in Q2 FY20 as against Rs 413 crore over the same quarter of FY19. “Despite an environment
Water heater major AO Smith has launched HeatBot that comes with a smart timer (Auto-On and Auto-Off), energy meter, and a wireless remote. The new water heater is also equipped with blue diamond glass lining to offer two times the higher corrosion resistance and an advanced PUF technology for BEE 5 Star rated energy efficiency.
Plywood major Century Plyboards (I) Ltd has announced its results for the second quarter of the financial year 2019-20. The company recorded net revenue from operations for the second quarter ending September 30, 2019 Rs 589.35 crore, an increase of 4.4% over the corresponding period of last financial year that stood at Rs 564.44 crore.
Indian Plumbing Skills Council (IPSC) has partnered with HSIL Ltd, the makers of Hindware brand of plumbing products, to create a plumbing lab at the State Institute of Plumbing Technology (SIPT-ITI) at Pattamundai in Kendrapada, Odisha. The new lab marks Skill India’s “successful” partnership with corporate India to boost skilling in the plumbing sector as