Caterpillar India Pvt Ltd has been active for more than eight decades now. At present, together with their dealers, they have employed more than 10,000 people. The company manufactures 60 and 100 ton off highway trucks in India for domestic and export markets. They have introduced 240 ton mining truck recently in the market. Their other presence includes state of the art manufacturing facilities, high tech research and development. Their employees, dealers and facilities are provided at hundreds of locations to serve and support our customers and give rapid responses to the client's needs. Their products are divided into a lot of sectors that include: mining and quarry, power generations, construction, road works, petroleum and rail. Their services are segmented into Cat Financial, Cat logistics, finance shared services and many more. They want to be recognized as the leader wherever they indulge themselves for work. Their products and services help the customers and gives satisfying results. Their supply chain is world class. The company has always been in news for its timeless values towards the betterment of the society. The company has managed to build a reputed position in the market. They have been labelled as one of the "World's most admired companies" by Fortune magazine. The companys equipments set the standards for their industry. The equipment line consists of more than 300 machines. They have also planned to meet their customer requirements with their equipments, with their distribution and product support system and by continuously updating their products. Apart from India the business is spread over Africa, Middle East, Eurasia, Latin America, Europe, North America, Asia, Australia and New Zealand.
"The production for the 64 countries reporting to the World Steel Association (worldsteel) was 167.9 MT on June 2021, an 11.6 per cent increase compared to June 2020, " the global industry body said in its latest report.
“A glance at the FY21 data suggests that some of the major export destinations for India’s top 10 major commodities are also the regions which are expected to witness strong import growth in 2021,” the ratings agency said.
The industry registered a growth of 65% during January-June of 2021 compared to the previous year despite the second wave of Covid-19 impacting sales for a couple of months, said Deepak Shetty, managing director, JCB India.
The country's gross domestic product (GDP) growth is likely to be 8.8 to 9 per cent in the current financial year, driven by agriculture and industry sectors, Care Ratings said in a report.
Crude oil imports also fell to a 9-month low in June as refiners curtailed purchases amid higher fuel inventories due to low consumption and renewed lockdowns in the previous two months, data obtained from trade sources showed.
The forecasts are focused on the organized labor sector, which accounts for less than 20% of the workforce. Much of the informal labor isn’t captured in surveys.
Other luxury automakers in India have also lobbied the government in the past to lower taxes on imported cars but have had little success due to opposition from rivals with domestic operations.
The Directorate of Revenue Intelligence (Mumbai wing) seized a Nissan Patrol SUV worth around Rs 1 crore from Malakpet in connection with a luxury car smuggling racket using diplomatic privileges to evade customs duty. The vehicle was registered in Manipur in the name of a realtor from Malakpet.
A record bout of fundraising and a slew of upcoming startup IPOs has shifted focus to Indian technology startups even as investors are spooked by China’s crackdown on its own tech companies.
India's year-on-year engineering goods exports rose by 52.4 per cent during June 2021.
Recording growth for the seventh month in a row, India's exports rose by 48.34 per cent to $32.5 billion in June on account of healthy growth in shipments of petroleum products, gems and jewellery, and chemicals, even as trade deficit stood at $9.37 billion, according to the official data.
Subramanian said various reforms undertaken by the government in sectors such as agriculture, labour, export PLI scheme, change in MSME definition, creation of the bad bank, privatisation of public sector banks among others, are going to push growth.
According to a ‘Mood of the Consumer 2021’ survey conducted by LocalCircles, a community engagement forum, 47% of the respondents now expect uncertainty with respect to household budget planning to last six to 12 months.
The survey added that vaccination holds the key to mitigating the impact of the second wave on economic activity and boosting consumer sentiment.
The government is also working on an incentive scheme to promote manufacture and use of flex engines in vehicles. The details would be specified when policy in this regard is unveiled.
Interestingly, increasing women in blue-collar jobs by even a nominal 10 per cent has the potential to add $770 billion to Indian GDP by 2025-26.
Members can access these services including creating pickup requests, preparing shipments, and making online payments through a dedicated Aramex banner on the FIEO website.
About 15.9% of loans less than Rs 25 crore to the MSME sector for public sector banks has turned bad as of March 2021, rising from 13.1% in December 2020, according to the Financial Stability Report of RBI.
Registering 48.1 in June, below May’s 50.8, the IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) was below the critical no-change mark of 50 for the first time since July 2020.
Corporate loan demand has stayed in the negative territory in May even as retail loan offtake is accelerating. Banks are raising capital to tap the expected loan surge from the retail segment as the pandemic ebbs.
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Bansidhar Jagannath Phansalkar | Unlock to View | Unlock to View | Director | 22 Jun,2016 |
| Ramarathnam Varadadesikan | Unlock to View | Unlock to View | Director | 19 Sep,2013 |
| Ramanathapuram Sethuraman Chidambaram | Unlock to View | Unlock to View | Director | 19 Jun,2013 |
| Ramesh Muthuraman | Unlock to View | Unlock to View | Director | 28 Jun,2012 |
| Vivek Anand Vanmeeganathan | Unlock to View | Unlock to View | Director | 15 Jun,2011 |
| Rengarajan Sundararajan | Unlock to View | Unlock to View | Wholetime Director | 24 Jul,2006 |
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