Terex Corporation has completed the sale of its Material Handling and Port Solutions Business (MHPS) to Konecranes Plc for USD 595 million, with Euro 200 million in cash. Addtionally 19.6 million newly issued class B shares represent a 25 per cent interest in Konecranes. According to John L. Garrison, President and CEO of Terex, the Konecranes- MHPS combination would be a[Read More…]
Destiny’s ride A Hindi movie of the early nineties, ‘Dil hai ke manta nahi’, turned out to be immensely popular. It had a simple, flowing story which revolves around two young souls. Pooja and Raghu (portrayed by Pooja Bhatt and Aamir Khan). Depicting a journey that is fraught with danger, excitement, drama and more, the story evolves as Pooja runs[Read More…]
Bauma Conexpo India 2016 pointed at the positive developments the CE industry in India is experiencing. Story by: Anirudh Raheja Messe Munchen launched the Indian version of its Bauma fair in 2011. It was called as bCIndia. For the fourth edition, held at Delhi, between December 12 and December 15, 2016, the organiser decided to change the name from bCIndia to[Read More…]
Anuj Kathuria, President, Global Trucks, Ashok Leyland Ltd. Interview by: Ashish Bhatia Q. After acquiring the Nissan stake, what is the strategy going forward? A. Information about Nissan and other joint ventures is out in the public domain. As far as our global business of trucks and buses is concerned, we have now started an international office at Dubai. It will be[Read More…]
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