Daikin opens second facility in Neemrana, Rajasthan

HYDERABAD, NOVEMBER 6: HVAC company invests ₹2,000 cr on the 40-acre facility. Daikin Airconditioning India, a subsidiary of Daikin Industries Ltd of Japan, has commissioned its second factory at Neemrana in Rajasthan. The plant, strategically located on NH-8 in a sprawling area of 160,000 square metres, entailed a total investment of more than ₹2,000 crore….

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Yash Gupta resigns from Hines, to set up own real estate venture

Yash Gupta resigns from Hines, to set up own real estate venture Hines India spokesperson said Yash Gupta has decided to step down from his role and all company activities continue to be overseen by its Operating Board Bengaluru: Eleven years after setting up the India operations of Hines, an international real estate investment and management…

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Micromax to foray into new segments, to invest more in Bhiwadi Plant.

It is also aiming to have 7 to 8 percent market share in the TV panel market this fiscal by selling around eight lakh units. PTI Micromax will foray into segments such as washing machine, refrigerator and microwave, as it plans to be a complete consumer electronics maker, a top company official said. The homegrown…

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Bhiwadi based LEEL Electricals rallies 7% after Porinju Veliyath’s Equity Intelligence ups stake in company

LEEL Electricals rallies 7% after Porinju Veliyath’s Equity Intelligence ups stake in company With this, the total shareholding of Equity Intelligence in the company increased to 5.4 percent.   Bhiwadi based LEEL Electricals (formerly known as Lloyd Electric and Engineering) is the largest producer of coils / heat exchangers (fin and tube type) in India,…

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