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Federal Bank on Friday said it has tied up with JCB India to finance the prospective buyers of heavy construction equipment and boost its loan portfolio. The private sector lender said it has inked a memorandum of understanding (MOU) with JCB India, a leading manufacturer of earthmoving and construction equipment. This arrangement will boost the financing options for JCB's customers in India, Federal Bank said in a release. Under the arrangement, Federal Bank is the preferred finance partner of the construction equipment manufacturer, where JCB's customers can avail loans from the lender at competitive interest rates. With the government's focus on infrastructure development continuing to remain strong, there will be various opportunities to create synergies between the teams from JCB India and Federal Bank, Deepak Shetty, CEO and Managing Director of JCB India, said. "Importantly, it will give greater financing options to our customers while purchasing JCB machines both in urban
The city-headquartered Karnataka Bank has signed a Memorandum of Understanding (MoU) with JCB India Limited, a manufacturer of earthmoving and construction equipment in India
Amid the ongoing power crisis in India, Rahul Gandhi said the Modi government should stop running the "bulldozer of hatred" and start running power plants instead.
The Opposition parties in the UK have questioned in Parliament PM Boris Johnson's decision to visit a British-owned bulldozer factory in Gujarat during his visit to India last week.
JCB India's revenues jumped from Rs 4,500 cr in 2010-11 to nearly Rs 12,000 cr in 2020-21, while profits surged from Rs 483 cr to Rs 1,500 crore
Johnson, who arrived in Ahmedabad earlier today visited the new JCB factory at Halol GIDC Panchmahal where he was accompanied by Gujarat's Chief Minister Bhupendra Patel
In all, 18 out of the best 30 unlisted companies in the 2021 league table are local subsidiaries of global multinationals.
The company said it had sufficient inventory levels to support the demand for products during the pause period
Company claims it will save Rs one lakh per year for the customer, at the current crude price
The list of India's best unlisted companies is dominated by Indian subsidiaries of well-known American and European MNCs
Despite witnessing demand compression in 2019, JCB India has decided to go ahead with its Rs 650-crore new facility
Saugata Gupta of Marico to be independent director, while Vipin Sondhi, formerly of JCB, will join Hinduja Group's leadership team
Before joining JCB India, Chowdhury was Director Manufacturing for Whirlpool, based in New Delhi
Award-winning novelist and essayist Rana Dasgupta has been roped in as literary director of the JCB Prize for Literature
JCB has already begun preparing ground for this disruption through its digitisation journey of livelink -- an internet of things platform