LIVE MARKET TRACKER :   BSE SENSEX   26755.16      |    NSE NIFTY 7986.70    
GLOBAL MARKETS :  NASDAQ 4419.479   +2.40%    |    FSI London 6368.66   -0.06%    |    NIKKEI Japan 15195.77   +2.64%
  USD GBP EUR CAD AUD INR
USD - 0.622 0.7866 1.1236 1.1396 61.22
GBP 1.6078 - 1.2647 1.8065 1.8323 98.4301
EUR 1.2715 0.7909 - 1.4286 1.449 77.84
CAD 0.8904 0.5538 0.7004 - 1.0147 54.5098
AUD 0.8777 0.546 0.6904 0.9862 - 53.7352
INR 0.0163 0.0102 0.0129 0.0184 0.0186 -
Indian-Commodity  :  Investment  :  Titagarh Wagons to dissolve its joint venture company 'Titagarh FreightCar'

Titagarh Wagons to dissolve its joint venture company 'Titagarh FreightCar' (25-Feb-2013)

Titagarh Wagons (TWL) and FreightCar America, Inc. (FCA) have agreed to wind up and dissolve their Indian joint venture company, Titagarh FreightCar, which was incorporated in India pursuant to a 2008 joint venture agreement between the parties with the objective of manufacturing and selling aluminum coal-carrying rail wagons in India.

Soon after the incorporation, the joint venture company had begun the process of obtaining approval from the Indian Railways- Research Designs and Standards Organization (RDSO) for aluminum wagon designs adapted for use on the Indian rail system. However, it became clear that approval from the RDSO would not be obtained in an acceptable timeframe. The joint venture company formally notified the RDSO in June 2012 that it would not further pursue its request for design approval.

Titagarh Wagons is engaged in manufacturing of railway wagons, bailey bridges, heavy earth moving and mining equipment, steel and SG iron castings of moderate to complex configuration. It also manufactures special wagons, shelters and other engineering equipment for the Indian defence establishment.


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 Investment 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.