Patton Group signs OEM contract with Mexico-based firm

While a number of global and transnational companies are now coming to India to start their business, India’s Patton Group is moving beyond borders. Close on the heels of foraying into warehousing business in the US, Patton International, has signed OEM (original equipment manufacturer) contract with Eaton Crouse Hinds of Mexico. 

Nordic bank, Srei in deal to finance equipment

The Nordic Investment Bank (NIB) and Srei Equipment Finance (SEFL), an arm of the Kolkata-headquartered Srei Group and a leader in construction and mining equipment financing, have agreed on a loan programme for financing the acquisition or leasing of industrial equipment designed or produced in the NIB’s member countries.

RINL open to long-term contracts with non-NDMC sources

State-run Rashtriya Ispat Nigam (RINL) is shrugging off its over dependence on NMDC in so far as sourcing of raw materials is concerned. In its endeavour and focus on raw material securitisation, RINL has already sourced one-third of the requirement recently from non-NMDC sources, said RINL chairman and managing director PK Rath.

Positioning in premium leisure travel

It is a new age travel solutions company, that promises to cater to travelers and not tourists. Hyperbole? Not really, if you consider the way V Resorts, the fledgling premium leisure travel chain specializing in providing boutique local experiences, is carefully building and positioning its brand.

Srei PAT at Rs 111 cr, Bhutoria new CEO

Srei Infrastructure Finance has roped in Rakesh Kumar Bhutoria as its chief executive officer. Bhutoria, who earlier was the head of commercial banking and strategic initiatives and a member of the steering committee at IDFC Bank, took over the charge on Wednesday. Before IDFC Bank he worked in senior leadership roles at Standard Chartered Bank, GE Capital and Crisil for the last two decades.

With Binani buy, Ultratech firms up position in cement market

With the Supreme Court on Monday upholding the NCLAT decision to approve Binani Cement Ltd’s sale to UltraTech Cement Ltd for Rs 7,900 crore, the latter, which is already the largest cement manufacturer in the country, seems well set to further strengthen its position in the Indian cement market. The NCLAT had last week decided in favour of UltraTech Cement as the winning bidder. While upholding the NCLAT decision, the apex court has dismissed a petition by competing bidder Rajputana Properties Ltd owned by the Dalmia Bharat Group.

Trying to get Mayawati into mahagathbandhan: Naidu

Congress chief Rahul Gandhi may not be the face of the grand alliance against the BJP. A meeting between Andhra Pradesh chief minister Chandrababu Naidu and his Bengal counterpart Mamata Banerjee in Kolkata on Monday sought to send out this message.

At the joint press conference, Naidu said, “We are all senior politicians. More senior than Mr Modi.” Banerjee seconded him saying, “Everybody is the face of the Mahagathbandhan. We are all totally together. We are working against BJP government.”

Keventer brings in banana campaign

From a ‘boring food’ to a ‘desirable diet’ for the kids with a dash of fun and enjoyment, banana, the easily available, low-value fruit seems to have traversed a long way, courtesy the first ever television commercial (TVC) on India’s maiden branded banana by Keventer Agro. The TVC, first such in Indian marketing space, is being backed by a month-long high decibel campaign along with an engaging on ground activity to spread awareness about the various benefits of Keventer Banana.

Malaysia sets out on a new tourism journey

It’s a tagline that was born out of a crisis and it has been working wonders for the brand for two decades now. But beyond 2020, the brand may think of having a different tagline, keeping the basic spirit intact. In 1999, when tourists from different parts of the world were relating and equating Asian countries with the Asian financial crisis and the outbreak of Nipah virus, and consequently tourism business was nose-diving, Tourism Malaysia came up with the tagline- “Malaysia, Truly Asia”.