LIVE MARKET TRACKER :   BSE SENSEX   28442.10      |    NSE NIFTY 8606.00    
GLOBAL MARKETS :  NASDAQ 4931.81   -1.52%    |    FSI London 6994.63   -0.93%    |    NIKKEI Japan 19652.88   -1.17%
  USD GBP EUR CAD AUD INR
USD - 0.6702 0.9258 1.2246 1.2851 62.5560
GBP 1.4968 - 1.3858 1.8330 1.9236 93.6338
EUR 1.0810 0.7244 - 1.3238 1.3892 67.6230
CAD 0.8171 0.5476 0.7565 - 1.0501 51.1162
AUD 0.7786 0.5218 0.7209 0.9535 - 48.7067
INR 0.0160 0.0107 0.0148 0.0196 0.0205 -
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
S&P raises concern over policy logjam and red tape
(17-Apr-2015)

S&P raises concern over policy logjam and red tapeThe global rating agency Standard and Poor's (S&P) after making rating outlook upgrade for India has raised concern over policy logjam and red tape, which have hindered investments in India. In......click on news to read complete article.

TCS, Gruh Finance and Pidilite Industries to see some action today
(17-Apr-2015)

TCS, Gruh Finance and Pidilite Industries to see some action todayTata Consultancy Services posted a better than expected rise in net profit led by strong worldwide client spending. The company posted a 30.7 per cent fall in net profit for the fourth quarter due to a......click on news to read complete article.

DGCA planning to conduct financial audits of aviation players
(16-Apr-2015)

DGCA planning to conduct financial audits of aviation playersAmid the hue and cry of aviation players' financial crunch, the aviation regulator, the directorate general of civil aviation (DGCA) is planning to conduct a financial audit of Indian carriers to check......click on news to read complete article.

International Stock News
US Markets suffer sharp slump on Chinese worries
(18-Apr-2015)

US Markets suffer sharp slump on Chinese worriesUS markets suffered sharp selloff on Friday, with all the major averages witnessing cut of over a percent and partly offsetting the upward move seen over the past two weeks. Although, there was positive......click on news to read complete article.

US markets end mildly in red on weak economic data
(17-Apr-2015)

US markets end mildly in red on weak economic dataUS markets ended mildly in red on Thursday on getting some disappointing economic data. There was uncertainty about the near-term outlook for the markets following the upward move seen over the past two......click on news to read complete article.

US markets bounce back led by rally in energy stocks
(16-Apr-2015)

US markets bounce back led by rally in energy stocksThe US markets made a good bounce back on Wednesday led by rally in energy stocks on substantial increase by the price of crude oil. With the gains, the major averages ended the session at their best closing......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.