News & Update Archive

H&R Johnson inaugurates new store

H&R Johnson has launched a new ‘House of Johnson Experience Centre’ at Ghodbunder Road in Thane West. The state-of-the-art store spans across 6000 sq.ft and covers displays of the brand verticals including Johnson Tiles, Johnson Bathrooms and Engineered Marble and Quartz. The experience centre is also equipped with training facilities and an in-house design team

3M opens a new design center in India

3M announced the opening of a new 3M Design Center in India, another hub next to Milan, Tokyo and the design headquarters in St.Paul Minnesota, to accelerate the growth of design across the global enterprise. Aligned with 3M Design’s mission around collaborative creativity, this uniquely designed studio will house a team of designers with diverse

Tata Steel completes acquisition of Bhushan Steel

Tata Steel Limited announced that its wholly-owned subsidiary Bamnipal Steel Limited (BNPL), has successfully completed the acquisition of controlling stake of 72.65 per cent in Bhushan Steel Limited (BSL). “The investment from BNPL in BSL has been done through a combination of equity of Rs 158.89 crore and inter-corporate loan of Rs 34,973.69 crore. Additionally,

Sumitomo Corp. invests Rs 1,181 Cr in JV with Mukand Steel

Japanese major Sumitomo Corporation has bought 49 per cent stake for Rs 1,181 crore in Mukand Ltd’s special steel subsidiary, Mukand Sumi Special Steel Limited, a specialty steel supplier for the automotive and engineering industries. Mukand Ltd. retains 51 per cent equity of this joint venture company. The JV is engaged in the business of

Astaldi enters India on the Mumbai Metro

Italian construction company Astaldi enters the Indian market. The company announced that it has received the letter of awarding, in a joint venture with Reliance Infrastructure (RInfra), from Mumbai Metropolitan Region Development Authority (MMRDA) for the construction of three lots of the Mumbai Metro Rail Project. The total value of the works, to be carried

Adventz’s Texmaco bags Rs 200-Cr Agartala-Akhaura Rail Link Project

Adventz Group’s Texmaco Rail & Engineering Ltd has been awarded a project worth Rs 200 crore to construct the 45-km-dual-gauge line between Agartala in Tripura and Akhaura, a sub-district of Chittagong in Bangladesh. This project is scheduled to be completed in 18 months. Part of India’s $4.5 billion third line of credit extended to Bangladesh

ABB launches switches to help turn houses into smart homes

ABB has introduced its first premium modular range of wiring accessories that incorporate wired and wireless building automation systems. Manufactured in India for India, the innovative switches offer a range of functionalities, from basic switching to controlling, comfort and energy savings. This makes it ideal for use in commercial and hotel sectors. The IVIE light

Over 1,300 projects under Smart Cities Mission: Govt

The Housing and Urban Affairs Ministry has claimed that around 1,333 projects worth Rs50,626 crore have been completed or under implementation or tendering under the Smart Cities Mission. According to the Ministry, overall projects worth Rs 2,03,979 crore have been identified for all 99 smart cities across the country. “Out of 99 Smart cities which

HyperloopTT starts work on 1st full-scale passenger, freight system

HyperloopTT announces arrival of the first full-scale passenger and freight tubes and a first look at plans for the research and development facility in Toulouse, France. Hyperloop Transportation Technologies (HyperloopTT) announced the arrival of the first set of tubes designed to move both people and freight to their research and development center in Toulouse, France.

Saint Gobain launches Midas Gold Glass

Saint-Gobain launches Midas Gold this summer under their Sun-Ban category, a state-of-the-art, golden sheen glass exclusively designed in India and for India. ‘Gold’, since yore has been always linked to royalty and exclusivity. Made using the cutting-edge magnetron process, Midas Gold is a perfect blend of aesthetics and performance. Being a heat reflective glass, Midas