LIVE MARKET TRACKER :   BSE SENSEX   26851.05      |    NSE NIFTY 8014.55    
GLOBAL MARKETS :  NASDAQ 4483.715   +0.69%    |    FSI London 6388.73   -0.47%    |    NIKKEI Japan 15291.64   +1.01%
  USD GBP EUR CAD AUD INR
USD - 0.6217 0.7895 1.1231 1.1382 61.185
GBP 1.6095 - 1.2706 1.8076 1.8319 98.4773
EUR 1.2674 0.7879 - 1.4234 1.4425 77.5459
CAD 0.8905 0.5536 0.703 - 1.0135 54.4835
AUD 0.8788 0.5463 0.6938 0.987 - 53.7694
INR 0.0164 0.0102 0.0129 0.0184 0.0186 -
Indian-Commodity  :  Corporate  :  Transport Corporation to invest Rs 150 crore for expansion

Transport Corporation to invest Rs 150 crore for expansion (26-Dec-2012)

In a bid to meet the demand from multi-brand retail, Transport Corporation of India (TCI) is planning to invest Rs 150 crore to expand its infrastructure and services. Of total, the company will spend about Rs 70 crore on setting up new warehouses across the country while, it will invest Rs 40 crore on buying new trucks. Further, Rs 25 crore will be invested on buying a new ship.

The company will be investing the same as multi-brand retail sector is expected to grow rapidly following the government move to allow foreign direct investment in the sector, although the impact of FDI in multi-brand retail will be visible only after 5-6 years.

At present, TCI's 40-45% revenues come from freight, while supply chain, express cargo and seaways divisions account for the rest.

TCI is the flagship company of TCI Group and provides full truck load and less than full truck load transportation to a network of over 3000 destinations in India.


 


Top News Today
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.

ONGC, Hero MotoCorp and SAIL to see some action today
(21-Oct-2014)

ONGC, Hero MotoCorp and SAIL to see some action todayThe Government plans to offload a portion of its stake in ONGC by the first week of November. The move is expected to speed up the Government's disinvestment programme, which has been hanging fire for......click on news to read complete article.

RBI governor hopes the economy to grow by 5.5% this year
(17-Oct-2014)

RBI governor hopes the economy to grow by 5.5% this yearReserve Bank of India (RBI) governor Raghuram Rajan has expressed hopes on the Indian growth story and has said that the country is seeing a pick-up in economic growth and more can be done to support it......click on news to read complete article.

International Stock News
US markets close higher; S&P rallies for fourth day
(22-Oct-2014)

US markets close higher; S&P rallies for fourth dayThe US markets closed higher on Tuesday, delivering another day of gains for major indexes on the heels of upbeat quarterly results from tech giant Apple and talk of economic stimulus in Europe. By far......click on news to read complete article.

US markets close higher on optimism over corporate earnings
(21-Oct-2014)

US markets close higher on optimism over corporate earningsThe US markets closed higher on Monday, with equity investors beginning the week on positive note, as optimism over corporate earnings spurred a rebound from last week's selloff. That's two straight positive......click on news to read complete article.

US markets closed higher; Dow snaps 6-day losing streak
(18-Oct-2014)

US markets closed higher; Dow snaps 6-day losing streakThe US markets closed higher on Friday, with Dow snapping 6-day losing streak, as earnings beat estimates, consumer confidence reached a seven-year high and investors speculated that central banks will......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.