LIVE MARKET TRACKER :   BSE SENSEX   27346.33      |    NSE NIFTY 8169.20    
GLOBAL MARKETS :  NASDAQ 4574.141   +0.55%    |    FSI London 6463.55   +0.15%    |    NIKKEI Japan 15658.2   +0.67%
  USD GBP EUR CAD AUD INR
USD - 0.6249 0.7928 1.119 1.1322 61.40
GBP 1.6006 - 1.269 1.791 1.8121 98.275
EUR 1.2615 0.7883 - 1.4117 1.4283 77.4592
CAD 0.8941 0.5587 0.7089 - 1.0123 54.8999
AUD 0.8835 0.552 0.7004 0.9886 - 54.2438
INR 0.0163 0.0102 0.0129 0.0182 0.0185 -
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
IL&FS Engineering, Kridhan Infra and GMDC to see some action today
(30-Oct-2014)

IL&FS Engineering, Kridhan Infra and GMDC to see some action todayIL&FS Engineering and Construction Company has won contracts from WBSEDCL (West Bengal State Electricity Distribution Company) for construction of Rural Electrification Infrastructure, Erection......click on news to read complete article.

Moody's retain negative outlook on Indian banks on high corporate leverage
(30-Oct-2014)

MoodyIn yet another worrying development for banking sector, international rating agency, Moody's while retaining its negative outlook for the Indian banking sector, has underscored that high leverage in the......click on news to read complete article.

RIL, Lupin and NMDC to see some action today
(22-Oct-2014)

RIL, Lupin and NMDC to see some action todayReliance Industries' (RIL) telecom arm - Reliance Jio Infocomm is merging its two subsidiaries, Infotel Telecom and Rancore Technologies, with itself. The move is aimed at bringing all its telecom related......click on news to read complete article.

International Stock News
US markets closed lower after Fed ends QE
(30-Oct-2014)

US markets closed lower after Fed ends QEThe US markets closed lower on Wednesday, with Dow Jones Industrial Average snapping a four-day winning streak, after the Federal Reserve made official its plans to end the last round of its recession-era......click on news to read complete article.

US markets climb higher ahead of FOMC meet
(29-Oct-2014)

US markets climb higher ahead of FOMC meetThe US markets rallied on Wednesday, ahead of the Federal Reserve's two-day policy meeting. Federal Reserve officials are widely expected to announce the end to the 2008-era bond-buying stimulus program,......click on news to read complete article.

US markets closed mostly flat; S&P ends in red
(28-Oct-2014)

US markets closed mostly flat; S&P ends in redThe US markets closed mostly flat on Monday, with index rallying the most last week since January 2013. Stocks have historically started to climb before GDP, anticipating economic expansions by an average......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.