LIVE MARKET TRACKER :   BSE SENSEX   27643.88      |    NSE NIFTY 8370.25    
GLOBAL MARKETS :  NASDAQ 5089.36   -0.03%    |    FSI London 7031.72   +0.26%    |    NIKKEI Japan 20413.77   +0.74%
  USD GBP EUR CAD AUD INR
USD - 0.6460 0.9109 1.2288 1.2764 63.6300
GBP 1.5481 - 1.4101 1.9023 1.9760 98.5031
EUR 1.0979 0.7092 - 1.3491 1.4014 69.8594
CAD 0.8141 0.5259 0.7415 - 1.0391 51.7991
AUD 0.7836 0.5062 0.7138 0.9629 - 49.8630
INR 0.0157 0.0102 0.0143 0.0193 0.0201 -
Indian-Commodity  :  Corporate  :  IFC to invest $9 million in JMT Auto's expansion, debottlenecking program

IFC to invest $9 million in JMT Auto's expansion, debottlenecking program (10-Nov-2012)

International Finance Corporation (IFC) under its investment strategy has planned to invest $9 million in JMT Auto for its expansion and debottlenecking program at its existing component manufacturing, forging and foundry operations at Jamshedpur.

The $20 million project will include Greenfield cold forging facility on 3.1 acre of land taken on lease basis at Jamshedpur. The project would not only help in reducing scrap rates along with better mechanical properties to the end products but also intends to ramp up the company's Heat Treatment and CNC machining capacity.

JMT Auto is one of the leading Auto component manufacturers in Eastern region. The company had identified Transmission Components as its key business area and acquired core competency in manufacturing products.


Top News Today
Inflation under control but global economy, agrarian situation a challenge: Jaitley
(25-May-2015)

Inflation under control but global economy, agrarian situation a challenge: JaitleyFinance Minister Arun Jaitley has stated that inflation has been brought under control in the past one year but cautioned that global economic situation, state of agrarian sector and domestic investment......click on news to read complete article.

Government relaxes norms for investments by overseas Indian
(22-May-2015)

Government relaxes norms for investments by overseas IndianLibralising further the Foreign Direct Investment (FDI) policy, Union Cabinet, chaired by Prime Minister Narendra Modi, had approved amendments, including changes in definition of NRIs, to be incorporated......click on news to read complete article.

ONGC, Cairn India, NTPC and Wockhardt to see some action today
(22-May-2015)

ONGC, Cairn India, NTPC and Wockhardt to see some action todayState-run Oil and Natural Gas Corporation (ONGC) and its partner, Cairn India, are readying to spend between $750 million and $1 billion (Rs 4,800-6,400 crore) in the Nagayalanka onshore block in the Krishna-Godavari......click on news to read complete article.

International Stock News
US markets closed lower on Friday
(23-May-2015)

US markets closed lower on FridayUS markets ended in red terrain on Friday after hawkish remarks from Federal Reserve Chair Janet Yellen, who said the central bank will likely raise interest rates this year, as long as economic activity......click on news to read complete article.

US markets closed higher; S&P edges to fresh record
(22-May-2015)

US markets closed higher; S&P edges to fresh recordThe US markets closed higher on Thursday, sending the S&P 500 to a fresh record. Investors mostly brushed off a flurry of weaker-than-expected economic data a day after minutes from Federal Reserve's......click on news to read complete article.

US markets closed mostly lower after Fed minutes
(21-May-2015)

US markets closed mostly lower after Fed minutesThe US markets closed choppy session mostly lower on Wednesday, as modest post-Fed-minutes gains evaporated by the close of the trading day. Widely anticipated minutes from the Federal Reserve's most recent......click on news to read complete article.

 

     
  
Recent Corporate News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.