LIVE MARKET TRACKER :   BSE SENSEX   27957.49      |    NSE NIFTY 8491.00    
GLOBAL MARKETS :  NASDAQ 4926.22   -0.43%    |    FSI London 6773.04   -1.72%    |    NIKKEI Japan 19206.99   -1.05%
  USD GBP EUR CAD AUD INR
USD - 0.6736 0.9313 1.2667 1.3130 62.3500
GBP 1.4848 - 1.3829 1.8812 1.9498 92.5898
EUR 1.0739 0.7233 - 1.3603 1.4096 66.9470
CAD 0.7896 0.5320 0.7354 - 1.0366 49.2341
AUD 0.7620 0.5132 0.7096 0.9652 - 47.5107
INR 0.0160 0.0108 0.0149 0.0203 0.0211 -
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
RBI relaxes provisioning rules against bad loans
(31-Mar-2015)

RBI relaxes provisioning rules against bad loansThe Reserve Bank of India (RBI), giving more flexibility to cover bad loans has relaxed the provisioning rules against bad loans. The apex bank said that it would allow banks to set aside up to 50 per......click on news to read complete article.

IOCL, Ashok Leyland and Jet Airways to see some action today
(31-Mar-2015)

IOCL, Ashok Leyland and Jet Airways to see some action todayIndian Oil Corporation (IOCL), a Maharatna national oil company would seal a deal with the Chhattisgarh government for developing natural gas infrastructure, city gas distribution and supply of gas. The......click on news to read complete article.

Capital spending in India to take 12 more months to recover: S&P
(30-Mar-2015)

Capital spending in India to take 12 more months to recover: S&PThe global ratings agency Standard and Poor's (S&P) in its latest report has said that capital spending in India is likely to take 12 more months to start recovering as private companies have adopted......click on news to read complete article.

International Stock News
US markets closed higher for second straight session
(31-Mar-2015)

US markets closed higher for second straight sessionThe US market closed higher on Monday, with the main indexes booking solid gains for the second straight session, driven by dovish comments from China's central-bank chief as well as a continued flurry......click on news to read complete article.

US markets snap four days losing streak
(28-Mar-2015)

US markets snap four days losing streakSnapping their four days losing streak, the US market closed higher on Friday due to a positive reaction to prepared remarks by Federal Reserve Chair Janet Yellen. In a speech at a San Francisco Fed conference,......click on news to read complete article.

US markets closed lower for fourth straight session
(27-Mar-2015)

US markets closed lower for fourth straight sessionThe US market closed lower on Thursday, declining for the fourth consecutive session, with the benchmark S&P 500 turning negative for the year and recording its longest losing streak since January.......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.