Hero MotorCorp to start Chittoor plant by Dec 2018

Vijayawada

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More than a year-and-a-half after it signed an MoU with the Andhra Pradesh government, Hero MotoCorp Ltd (HMCL) has submitted plans to begin production at its proposed plant in Chittoor district of the state. According to the plan, the company will commence production of 5 lakh units (per annum) in the first phase by December 2018 with an investment of Rs 800 crore. PTI

New Delhi
Tata firm inks pact for Rolls-Royce engine parts

Tata Advanced Material Ltd , a subsidiary of Tata Industries Ltd, has inked a 10-year pact with FACC Operation GmbH, Austria, for the supply of Rolls-Royce engine components. As part of the agreement, TAML would supply parts that will go into production engines such as the Trent 1000, and the Trent XWB, the company said. PTI

New Delhi
IBM partners RCom to provide cloud services

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New Delhi
India faces risk of earnings downgrades, says HSBC

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