Free Press Journal
  • F-16 jet production in India will be exclusive: Lockheed

    Washington : The plan to set up an F-16 jet production unit in India will be an “exclusive” proposition that will help the country in achieving its operational needs as well as the ‘Make in India’ initiative, according to American aerospace and defence major Lockheed Martin.

  • SC to hear RCom’s plea against ban on asset sale

    New Delhi : The Supreme Court has agreed to hear a plea by Reliance Communications (RCom) against the Bombay High Court order restraining the company and its subsidiaries from selling assets.

  • Lenders eye buyers for Kingfisher House

    Mumbai : In a move to recover dues from defunct Kingfisher Airlines’ promoter Vijay Mallya, State Bank of India (SBI) and other lenders have sought fresh bids for the sale of Kingfisher House, the Mumbai corporate office of the airline, IDBI Bank said in a notice on its website.

  • NCLT tells lenders to consider Bhushan staff objections

    New Delhi : The Committee of Creditors (CoC) of debt-ridden Bhushan Steel has been directed by the National Company Law Tribunal to consider objections raised by company employees over the bid submitted by Tata Steel in its meeting tomorr.

  • Bhel’s first unit of Kishanganga HEP in J&K goes on stream

    Bharat Heavy Electricals (Bhel) has successfully commissioned the first 110 MW generating unit of the 330 MW Kishanganga Hydro-Electric Project (HEP) in Jammu & Kashmir (J&K), which was developed by NHPC.

  • Sony India appoints Sunil Nayyar as MD

    New Delhi : Sony India on Monday appointed Sunil Nayyar as its Managing Director (MD) in place of Kenichiro Hibi, who will move to head the Japanese consumer electronics giant’s operations in Brazil, from April 1.

  • MG Motor India to invest Rs 5,000 cr over 6 years

    New Delhi : MG Motor India, a wholly-owned arm of China’s SAIC Motor Corp, on Monday said it will increase investment to over Rs 5,000 core in the next five to six years as it gears up to launch one new product each year in India from 2019.

  • Shortage in supply of ‘Carbon Black’ causes crisis in Rubber Industry

    New Delhi: An acute shortage of the Carbon Black -a major raw material needed for manufacture of rubber products has caused the crisis in Indian Non-tyre Rubber industry. The shortage has caused the shutting down of a large number of small and medium sized manufacturing units across the nation.