Hitachi Ltd. on Monday declared that it has been awarded a contract to supply a total of 106 elevator units by Phoenix Group for Phoenix Spaces 285 and Phoenix Aquila, which are large-scale office buildings to be constructed in Hyderabad. Hitachi Building Systems Co., Ltd. (“Hitachi Building Systems”) and Hitachi Lift India Pvt. Ltd. (“Hitachi Lift India”) which is in charge of sales and maintenance service for elevators and escalators in India has got this largest order for Hitachi group’s elevators and escalators in India. The new installation market for elevators and escalators in India exceeds 50,000 units per year, making it the world’s second largest market, with strong potential for continued steady growth. “Our value-added differentiated products are gaining widespread acceptance with

India, a vital player in the world fight against AIDS, has called for focusing on efforts to energize research for improving diagnosis and developing the vaccine and new treatments to alleviate the need for lifelong antiretroviral therapy (ART). First Secretary in India's Permanent Mission to the UN Paulomi Tripathi said India is building on lessons learned of past decades to tackle the ‘last mile' challenges, with focus on reduction in new infection, elimination of mother to child transmission and elimination of stigma and discrimination by 2020. "Remarkable progress has been made in fight against HIV/ AIDS epidemic. However, significant challenges remain in our way towards eliminating HIV/ AIDS as a public health threat by 2030," Tripathi said Monday at a General Assembly session on 'Implementation of the

Maruti Suzuki India Ltd. is positive that its lukewarm car sales will reverse in August, assigning the current slowdown to a higher base and periodic factors. RC Bhargava, company chairman said, “it (fall in sales) isn't a big worry at all as we're going ahead with our expansion plans and investments, most people aren't taking into account the effect of the higher base of extraordinary sales clocked in last April and May (last year) while making a year-on-year comparison.” Bhargava said the slowdown was a “usual” pre-election year cyclical phenomenon that even occurred ahead of the 2009 and 2014 general elections. “The downturn has happened in every industry,” he said. “Sure, it has been slow but it's not even been a year yet.” Read EquityPandit’s Technical Analysis of Nifty Auto He als

On May 31, the President of India allocated several ministries to the capable candidates among 54 Cabinet and State ministers under Prime Minister Narendra Modi. Whereas the woman candidates Nirmala Sitharaman and Smriti Z Irani selected as Minister of Finance; Minister of Corporate Affairs and Minister of Women and Child Development; Textiles respectively. While Ramvilas Paswan, Narendra Singh Tomar, Ravi Shankar Prasad, Harsimrat Kaur Badal, Thaawar Chand Gehlot and Subrahmanyam Jaishankar securing positions respectively as Minister of Consumer Affairs, Food and Public Distribution, Minister of Agriculture and Farmers Welfare; Rural Development; Panchayati Raj, Minister of Law and Justice; Communications; Electronics and Information Technology, Minister of Food Processing Industries, Minister of Social Justi

Mahindra & Mahindra, India's largest tractor maker shares are expected to have limited upside on moderating volume growth over the last four months and forecasts of below normal monsoon showers. During the January-March quarter of FY19, Mahindra’s tractor volumes fell 14 percent to 60,878 units, while for the industry the dip was 5.8 percent. This led to the company’s market share in the tractor segment falling to 35.8 percent in the March quarter from 40.53 percent in the previous quarter. Read EquityPandit’s Technical Analysis of Nifty IT This shrunk revenues from the tractor segment to 23 percent in the March quarter from 36 percent in the previous quarter. In FY19, the company’s tractor volumes grew at 4 percent, as against an average of 22 percent during the previous two fiscals. Mahindra

Bharti Airtel Ltd.’s  revenue per user for the quarter ended March surged the most since its 2002 listing as India’s second-largest largest telecom operator weeded out low-paying subscribers and added more 4G users. The Sunil Bharti Mittal-led company’s ARPU jumped over 18 percent to Rs 123 in the fourth quarter of financial year 2018-19. The telecom operator had reported its quarterly earnings on May 6, but didn't disclose the other details due to its rights issue. The Sunil Bharti Mittal-led company’s ARPU jumped over 18 percent to Rs 123 in the fourth quarter of financial year 2018-19. The telecom operator had reported its quarterly earnings on May 6, but didn't disclose the other details due to its rights issue. Along with cost cuts resulted in strong operational performance for Bharti Airtel�

Vedanta Resources Ltd., run by Anil Agarwal, said it’s seeking international arbitration to resolve a dispute with the Zambian government about its copper assets in the country. Zambia’s government this month started liquidation proceedings against Vedanta’s Konkola Copper Mines, after accusing Vedanta of lying about expansion plans and paying too little tax. The company says it is a “loyal investor” that’s spent more than $3 billion in the country since 2004. Vedanta Chief Executive Officer Srinivasan Venkatakrishnan and Deshnee Naidoo, a company executive, on May 29 met Zambian state representatives in the capital, Lusaka, to discuss the dispute. The company was given the assurance that the government has not entered into any sale agreements with other parties regarding Konkola, according to the

Anil Ambani, a beleaguered Indian tycoon is on an asset sale spree to raise funds to meet scaling debt obligations. The fundraising by such sales will help Reliance Capital Ltd., the last stronghold of the former billionaire’s wider conglomerate, to pay 11 billion rupees ($158 million) that comes due over the next month. The company is in talks to sell its general insurance unit to Hero FinCorp Ltd. Ambani also announced the sale of a radio station and mutual fund business to repay creditors. The holding company for the group’s financial services business and its units Reliance Home Finance Ltd. and Reliance Commercial Finance Ltd. were recently downgraded several notches by rating companies, which cited the cash crunch and delays in asset sales. Read EquityPandit’s Technical Analysis of Indian Stock