LIVE MARKET TRACKER :   BSE SENSEX   27090.42      |    NSE NIFTY 8121.45    
GLOBAL MARKETS :  NASDAQ 4593.426   -0.30%    |    FSI London 6837.92   +0.27%    |    NIKKEI Japan 16321.17   +1.58%
  USD GBP EUR CAD AUD INR
USD - 0.6139 0.7795 1.0963 1.1205 60.84
GBP 1.6294 - 1.2701 1.7863 1.8257 99.1327
EUR 1.2833 0.7879 - 1.4069 1.438 78.079
CAD 0.913 0.5605 0.7117 - 1.023 55.5459
AUD 0.893 0.5482 0.6961 0.979 - 54.3277
INR 0.0164 0.0101 0.0128 0.018 0.0184 -
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
Four-member panel submits report on new gas pricing formula
(18-Sep-2014)

Four-member panel submits report on new gas pricing formulaA four-member panel of secretaries appointed by the government has submitted the much awaited report on a new gas pricing mechanism, which prescribes lower rate than the price approved by the previous......click on news to read complete article.

RIL, Sun Pharma and Apollo Tyres to see some action today
(18-Sep-2014)

RIL, Sun Pharma and Apollo Tyres to see some action todayIn a bid to grab the opportunity created by diesel reaching market-parity price, Reliance Industries (RIL) has set the ball rolling on reopening its fuel retail outlets, after a gap of six years, and the......click on news to read complete article.

Biocon, Lanco Infratech and Tata Steel to see some action today
(10-Sep-2014)

Biocon, Lanco Infratech and Tata Steel to see some action todayDrug maker Biocon has acquired GE Capital's entire 7.69 percent stake in its research services subsidiary Syngene International for Rs 215.38 crore. The company, which had sold the stake to GE on October......click on news to read complete article.

International Stock News
US markets closed mostly lower; Alibaba surges in IPO debut
(20-Sep-2014)

US markets closed mostly lower; Alibaba surges in IPO debutThe US markets closed mostly lower on Friday, while Alibaba, the biggest IPO to ever hit Wall Street, made a huge splash. Dallas Federal Reserve Bank President Richard Fisher stated that the Federal Reserve......click on news to read complete article.

US markets closed up; S&P, Dow at record highs
(19-Sep-2014)

US markets closed up; S&P, Dow at record highsThe US markets closed higher on Thursday, with the S&P 500 and Dow Jones Industrial Average closing at record levels, as investors welcomed the Federal Reserve's commitment to keep low interest......click on news to read complete article.

US markets closed up; Dow hits record high
(18-Sep-2014)

US markets closed up; Dow hits record highThe US markets closed higher on Wednesday, with the Dow Jones Industrial Average reaching a record high. The main benchmarks swung higher after the Fed meeting and Fed Chairwoman Janet Yellen's news conference,......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.