Tata

HDFC Group’s market cap crosses ? 10 trillion

Market capitalisation of Deepak Parekh-led financial services conglomerate – HDFC Group has crossed the ?10 trillion mark. HDFC group is the 2nd Indian business house after the Tata group to achieve this feat. The group has 4 listed companies – Housing Finance Development Corp, HDFC Bank, HDFC Standard Life & Gruh Finance. HDFC Bank is India’s 3rd most valued firm in terms of market cap.

Tata bagged Bharat Net’s project

Tata Projects has bagged an ` 3,057 crore project of optical fiber cable network of Bharat Net in Chhattisgarh. Important services such as 102, 108, and PDS would be effectively executed at the Gram Panchayat level and around 2.6 crore people would be benefited through the project. It will strengthen the state’s economy and enable local people to lead an easy life.

TPREL commissions 100 Mw solar project

3 : TPREL, an arm of Mumbai-based private power producer Tata Power announced it has commissioned a 100 Megawatt solar power project at Anthapuramu Solar Park in Andhra Pradesh. With this, the overall operating renewable energy capacity of the company stands at 2,215 Mw in India. The project is under the second phase of Jawaharlal Nehru National Solar Mission through Viability Gap Funding.

TCS close trading with over Rs 7 trillion

Tata Consultancy Services (TCS) became the first company to close the trading session with a market valuation of over Rs 7 trillion. The Mumbai-headquartered TCS had in April became the first Indian company to close the trading session with over $100 billion market valuation. TCS is the country’s most valued firm followed by Reliance Industries Ltd, HDFC Bank, HUL and ITC in the top 5 list.

Tata Trusts signs MoU with govt

Tata Trusts has joined hands with the government to help it in development initiatives in 8 worst Naxal-affected districts in Chhattisgarh. These districts are covered under “transformation of aspirational” districts programme of the NITI Aayog. Tata Trusts will help the government in conducting surveys & providing ground level & technical support in raising the living standards of citizens.

Ex-foreign secretary Jaishankar to join Tata

23 : Tata Sons has announced appointment of S Jaishankar as the Tata Group’s President, Global Corporate Affairs. Jaishankar joined the IFS in 1977 holding key roles during his career including stints as High Commissioner to Singapore, Ambassador to China and US. Jaishankar will work with Tata Companies to help them strengthen their business presence in their respective geographies globally.

Fastest growing IT services brand in 2018

Tata Consultancy Services has been named as the fastest growing IT services brand in the world in an assessment done by leading brand valuation firm, Brand Finance. According to the report, TCS has a total brand value of USD 10.391 billion. Over past 2 years, TCS has strengthened its portfolio of global brand sponsorships by forging new partnerships in UK, Sweden, India, Japan & Australia.

TCS recognized as the world’s best employers

Tata Consultancy Services has been recognized as the world’s best employers by the Top Employer Institute for the consecutive 3rd year.TCS was selected from a pool of 1,300 companies in 113 countries for offering exceptional services to its employees. Top Employer rankings are based on criteria including Talent Strategy, Workforce Planning, Learning& Development & On-boarding among others.

BHEL Bags Rs 560 Crore Order From NTPC

Bharat Heavy Electricals Limited has bagged an order worth Rs 560 crore from NTPC for setting up a system for emission control.BHEL has secured the order for “supply and installation of the flue gas desulphurisation system from NTPC for 2×490 MW National Capital Power Station at Dadri in Uttar Pradesh. Earlier, BHEL has executed the FGD system at Tata Powera s Trombay Unit 8 in 2008.

Nepal ends India’s internet monopoly

15 : Nepal has joined hands with China to offer internet services to its citizens, ending India’s decades-long monopoly of the Himalayan nation’s cyber connectivity network.For years, Nepal depended on Indian companies, such as Airtel and Tata Communications for access to the worldwide web. China Telecom Global, has teamed up with Nepal Telecom to provide alternative cyber connectivity to Nepal.

SEBI shortlisted Comp. for IT services

SEBI has shortlisted 15 entities, including Tata Communications, Wipro for 2 separate services – identify and classify security holes in IT infrastructure, as well as protect against security threats.Selected company will be responsible for all the activities related to information security and implementation of security solutions.SEBI is the regulator for the securities market in India.

Walt Disney buys Murdoch’s Fox for $52bn

Walt Disney has agreed to buy the bulk of 21st Century Fox’s business for $52.4bn.Purchase extends Disney’s global reach, adding media company Star India & Fox’s interests in Sky plc & Tata Sky to its portfolio.Disney will get majority control of video streaming service Hulu, which is partially owned by Comcast & Time Warner.Fox will form a news-focused company with its remaining assets.

Tata group, GE to make engine parts

Tata group & General Electric have signed an agreement to build a new factory in Hyderabad to make engine parts for passenger jets.Under the partnership, GE Aviation & Tata Sons’ subsidiary, Tata Advanced Systems will manufacture, assemble, integrate and test aircraft components.Components made here will go into LEAP engine used in new fuel-efficient Airbus A320neo & Boeing 737 MAX planes.

India’s ATP event becomes Tata Open

India’s leading ATP event early next year will be called the Tata Open Maharashtra 2018, following Tata Sons deciding to associate with the competition via a 5 year sponsorship.The event is being hosted in Maharashtra for the first time, after it was moved from Chennai.Tata Open Maharashtra 2018 qualifying rounds will be played on December 30, 31 2017 while the main draw starts Jan 1, 2018

India’s first rooftop solar carport

Tata Power Solar Systems has commissioned India’s first rooftop solar carport at 70000 sq. meter Unity One Mall, in Rohini, Delhi. Tata Power Solar Systems is a wholly owned subsidiary of Tata Power Company. Solar carports are overhead canopies (mounted with solar panel) built to cover parking areas. This solar carport will make the mall self-sufficient in terms of energy requirement.

India’s largest CDQ facility

Tata Steel has established India’s largest Coke Dry Quenching facility, capable of handling 200 metric tonnes per hour, at its state-of-the-art steel plant at Kalinganagar Industrial Complex. This environment-friendly technology would help in abating climate change by reduction in the emission of carbon dioxide. CDQ is a heat recovery system to cool hot coke from coke ovens.

Tata Power Solar bags award

Tata Power Solar has won ‘Dun & Bradstreet – Everest Infra Awards 2017’. The prize was given for commissioning India’s largest solar project under Domestic Content Requirement for NTPC at Anantapur in Andhra Pradesh. The 100-MW project is expected to generate nearly 160 million units of energy per year and help offset approximately 110,000 tonnes of CO2 in the first year.

SBI-WB sanctions fund for solar projects

SBI and the World Bank announced Rs 2317 cr credit facilities to seven companies to finance grid-connected rooftop solar projects. 7 corporate to which the credit facilities have been extended include Adani Group, Hinduja Renewables, JSW Energy, Tata Renewable, Azure Power, Cleantech Solar and Hero Solar Energy. These grid-connected rooftop solar projects which will together generate 575 MW.

Narendran as global CEO of Tata Steel

Tata Steel Ltd promoted T V Narendran as chief executive officer and managing director globally. Narendran is 52 years old. He joined the Tata Steel in 1988. He was serving as Managing Director (India and South East Asia) for the past four years. Tata steel board also re-appointed Koushik Chatterjee as executive director and chief financial officer for five years.

TCS teams with BNP Paribas

Tata Consultancy Services announced that its customer BNP Paribas Securities Services teamed up with Tata Consultancy Services. It aims to deliver a blockchain¬ based platform, Corporate Event Connect. It is an innovative Blockchain based platform, which will provide fast, accurate and secure corporate event announcements to clients around the world.

Bharti Airtel to buy Tata Teleservices

The Tata Group has agreed to sell its mobile business to Bharti Airtel BSE. It is done to get rid from the loss-making venture while bolstering the market share and 4G airwaves capacity of the Sunil Mittal-led company. The deal, which has been done on a ‘debt-free, cash-free basis’ will intensify the consolidation process underway in the telecom industry.

Tata AIA Life launches ‘Eazy Connect’

Private insurer Tata AIA Life announced the launch of ‘Eazy Connect’, that will extend online customer service to social media platforms. The chatbot will be available through social media platforms and is developed to respond to the most frequently asked queries. Eazy Connect Chatbot is an innovative offering and has been created to match customers’ fast-paced lives.

Rajiv Sabharwal to take charge

Tata Capital has announced the appointment of Rajiv Sabharwal as Managing Director & CEO designate of the company. Sabharwal would be taking over from the company’s current Managing Director & CEO Praveen P Kadle, who will be assuming other responsibilities in the Tata Group. Sabharwal is currently a partner at True North Managers LLP, formerly India Value Fund Advisors.

Kapadia to be the next CFO at Tata Sons

Eruch N Kapadia will be the next chief financial officer at Tata Sons, the holding company that controls India’s oldest and biggest conglomerate. Kapadia, a chartered accountant and a cost accountant, takes over from the recently superannuated chief operating officer (COO) F N Subedar. Kapadia is a Tata Group veteran and was vice-president at Tata Sons.

100 greatest living business minds

3 Indian entrepreneurial legends, Ratan Tata, Lakshmi Mittal & Vinod Khosla have been included in Forbes’s list of world’s ‘100 Greatest Living Business Minds’. Other Honorees featured on the list include Donald Trump, Mark Zuckerberg and others. List includes individuals who have either created something with a lasting impact on world or innovated in a way that transcends their given field

HDFC Bank pips TCS

HDFC Bank has pipped Tata Consultancy Services to become the 2nd most valued company in terms of market capitalisation. The bank’s market value stood at Rs. 4,71,323 crore compared with TCS’ Rs. 4,70,780.75 crore. HDFC Bank’s share have increased by 53% this year on quarter-after-quarter strong results. Reliance Industries with market capitalisation of Rs. 5,33,070 stood at the top of the list

Adviser for bullet train project

Sanjeev Sinha, former Tata executive in Tokyo & the first IIT-ian from Barmer, Rajasthan, has been appointed as adviser for Ahmedabad-Mumbai High-Speed Rail project by Japan Railways. The project, largely funded by low-cost financing from Japan, is planned to be built based on Japanese technology by a consortium of six rail companies. He will be the interface between govt of India & Japan.

Tata Trusts to invest Rs. 500 crore

Tata Trusts has earmarked around Rs. 500 cr towards livelihood enhancement of the tribals in 4 states over the next 5 years under its flagship scheme Cini. Under Cini, or Collectives for Integrated Livelihood Initiatives, the Trusts has already spent
Rs. 25 cr of the Rs. 119 cr budgeted for the project in the first phase. Project was launched under the initiative of Chairman Ratan Tata in 2015.

Bharat QR launched by Visa

Digital payments network Visa has partnered with payment gateway entity Bill Desk, to enable around 59 service providers to start accepting Bharat QR payments. This partnership would enable a major shift towards pushing of bill payments into digital mode especially through QR codes. Some of the merchants include the likes of Tata AIG, Reliance Energy, Gujarat Gas, MTNL, Aircel, Tata Power.

Single-engine fighter jets in India

Sweden’s Saab will tie up with India’s Adani Group to bid for a contract to make fighter air crafts in India. The partnership will compete with Lockheed Martin in a 2 horse-race to equip Indian military with single-engine jets to be produced locally under “Make-in-India” initiative. Lockheed has already picked India’s Tata Advanced Systems as its local partner to produce its F-16 fighter planes.

Puneet Chhatwal as MD, CEO

Tata group hospitality firm Indian Hotels Company has appointed Deutsche Hospitality chief executive Puneet Chhatwal as its managing director and CEO. He will take over from incumbent Rakesh Sarna, who is stepping down on 30 September. Chhatwal is currently chief executive and member of executive board of Deutsche Hospitality/Steinberger Hotels AG.

Roopa Purushothaman as chief economist

Tata Sons has appointed Roopa Purushothaman as chief economist & head of policy advocacy She will drive macroeconomic research as well as policy & advocacy initiatives relevant to businesses of Tata group. She has worked with Goldman Sachs International as VP & global economist. She has published research papers covering wide range of topics including path-breaking research on BRIC countries

First power utility to use QR code

Tata Power has become first power utility to introduce a QR code based bill payments system in India. QR code linked to UPI will be printed on electricity bills & the customers can scan the QR code with BHIM app or any other UPI linked bank app and pay their bills without any hassle. All bill details will be auto captured while scanning the QR code and the consumer can pay on his smartphone.

Tata Memorial ties up with IDA

Tata Memorial Centre has joined hands with Indian Dental Association to start India’s 1st digital initiative for prevention & early detection of oral cancer. The 2 launched a special course on Oral Cancer on World Head and Neck Cancer Day to create awareness of oral cancer. Tata Memorial Centre is known destination for cancer treatment & its dedication to provide latest treatment technology.

Eurofins to buy Advinus from Tatas

Tata group has agreed to sell its pharmaceuticals and biotech research unit Advinus Therapeutics to Eurofins Scientific. Advinus was started by the Tata group in 2005 as a research outsourcing company. The group through Tata Sons, Tata Industries and Rallis India controlled Advinus. Advinus has submitted over 50 end-to-end investigational new drug applications to global regulators.

Country’s First Biomethane Bus

Tata Motors has developed India’s first Bio-CNG (bio-methane) bus which was unveiled recently at a bio-energy programme, ‘Urja Utsav’. Tata Motors has designed and developed bio-methane engines (5.7 SGI & 3.8 SGI) for LCV, ICV & MCV buses. Bio-CNG will contribute in a positive manner to the Smart Cities proposition of keeping them clean and will be a good option for wet garbage management.

TCS to close its Lucknow operations

Tata Consultancy Services has decided to close its operations in Lucknow after 33 years & shift to Noida. According to a report, lease of the building that houses TCS office is set to expire next year and company is reluctant to renew the contract. At least 2000 employees are likely to be affected. TCS has said it would ensure employees are accommodated in Noida or centres across India.

Tata Sons appoints Chief Digital Officer

Tata Sons has appointed Aarthi Subramanian to a newly-created post of Chief Digital Officer. Subramanian will continue to serve on TCS’ board as a non-executive director and will report to Tata Sons’ Executive Chairman N. Chandrasekaran. Subramanian has over 26 years of experience in the global technology sector and has worked in diverse roles in India, Sweden, US and Canada.

DHFL Insurance appoints Sinha as MD

DHFL General Insurance has appointed Vijay Sinha as managing director and chief executive effective from June 1. Prior to this, Sinha has worked at organisations like Life Insurance Corporation of India, Tata AIA Life Insurance Company and Bajaj Allianz Life Insurance Company. DHFL General Insurance is a general insurance venture promoted by Wadhawan Global Capital.

First Iron ore mine with solar plant

Tata Steels Noamundi mine has become India’s 1st iron-ore mine to have solar plant for reducing carbon footprint. The project, executed by Tata Power Solar will help in reducing carbon emission by about 3,000 tonnes per annum.It is an open cast iron-ore mine of Tata Steel located in Jharkhand. It is Set up at a cost of Rs. 35 cr & has a potential of 4.5 MW solar power generation.

Tata Steel bags PM’s trophy

Tata Steel has won PM’s trophy for being the best performing integrated steel plant in India during 2014-15 & 2015-16. This makes it the 3rd consecutive-year for the firm to be honoured with this award. The Group is among top 10 global steel companies with an annual crude steel capacity of 27.5 million tonnes per annum. It is the world’s 2nd-most geographically diversified steel producer.

Dilip Pendse commits suicide

Tata Finance’s dismissed managing director Dilip Pendse allegedly committed suicide at his office in Mumbai. In October 2014, SEBI had found Pendse guilty of illegal trades and banned him from accessing capital markets for two years. In October 2014, the markets watchdog Sebi had found Pendse guilty of illegal trades and banned him from accessing capital markets for two years.

Chandra to be chairman of Tata Global

Tata Global Beverages has appointed Tata Sons chairman N Chandrasekaran as chairman of its Board with immediate effect. He will replace Harish Bhat as the chairman of Tata Global Beverages, the No. 2 tea player in the world. Chandrasekaran also chairs the Boards of several group operating companies, including Tata Steel, Tata Motors, Tata Power, Indian Hotels and Tata Consultancy Services.

Tata Group to enter online grocery

Tata group is buying out the management team and technology infrastructure of Gurgaon-based GrocerMax to enter the online grocery business. The team would be used to set up online platform for Trent Hypermarket, a Tata and UK retailer, Tesco joint venture. Post the acquisition, Tata group will shut down GrocerMax’s Gurgaon business as it doesn’t have any presence in the North India market.

Reliance Industries overtakes TCS

Reliance Industries has regained the status of country’s most valued firm, overtaking Tata Consultancy Services in terms of market valuation. TCS had replaced RIL as the most valued firm more than 4 years ago but a sharp rally in share of RIL in the recent past has helped the company close the gap. So far in 2017, shares of RIL have gained nearly 33%, while TCS is trading flat, down 0.05%.

Indian Energy Exchange files IPO

Indian Energy Exchange has filed draft papers with the SEBI to float an initial public offering. The IPO will see sale of 60,65,009 equity shares by existing shareholders, including Tata Power, private equity arm of Aditya Birla Group and Madison India Capital. IEX is India’s first power exchange providing automated trading platform for electricityand renewable energy certificates.

Lockheed Martin signs pact with Tata

19 : Lockheed Martin has signed an agreement with India’s Tata Advanced Systems to produce F-16 fighter planes in India. The announcement comes days before PM Modi travels to Washington for a first meeting with Trump. India will also have the chance to export F-16 that is flown by air forces around the world. Tata is already building airframe components for the C-130 military transport aircraft.

Indian firms in Asia300 ranking

20 Indian firms have been named in top 100 of Nikkei Asian Review’s Asia300 companies list. HCL Technologies stood at 2nd place, followed by Zee Entertainment Enterprises and Tata Consultancy Services at 3rd and 4th place respectively. Indian players held 10 of the top 30 spots, outperforming their Chinese and Southeast Asian counterparts. The list was topped by Taiwan’s Largan Precision.

BaNCS App Development Kit launched

Tata Consultancy Services has launched “BaNCS App Development Kit”. It will enable banks to fast design and build their own apps and deploy it across devices and desktops seamlessly. BaNCS ADK will help banks to design and deploy both enterprise and consumer apps in a hybrid architecture. It’s vision is to transfer flexibility and increase speed of development to the Bank.

Rakesh Sarna resigns as Taj Group CEO

Rakesh Sarna, the MD and CEO of Indian Hotels, which runs the Taj group of hotels has resigned from the company citing personal reasons. Sarna was one of the high profile recruitments from outside the Tata group made by Cyrus Mistry in September 2014. Sarna was reportedly facing sexual harassment charges by a former female employee.
He served 3 years as MD and CEO of the company.

Tata, Nilekani, others back Printline.

Shekhar Gupta’s media venture Printline Media Pvt. Ltd has raised an undisclosed sum from investors including Ratan Tata, Uday Kotak and Nandan Nilekani. The anchor investors will hold close to 20% equity while remaining stake will be held by Shekhar Gupta. The raised funds will be used to launch its multimedia digital news platform The Print. Shekhar Gupta is Former Indian Express editor.

Sanjeev Gupta named ‘CEO of the Year’.

Sanjeev Gupta, executive chairman of Liberty House Group, received the title ‘CEO of the Year’ at the prestigious Platts Global Metals Awards in London. He bagged the top global award for his successful acquisitions and drive to transform the steel industry in the UK, India and beyond. Recently the Liberty Group completed the acquisition of Tata’s specialty steels business.

India’s first industrial robot

TAL Manufacturing Solutions Ltd, a subsidiary of Tata Motors Ltd. has created India’s first industrial robot called BRABO. BRABO—short for “Bravo Robot”—has been priced between ` 5-7 lakh and can even be bought on equated monthly instalments, or EMIs. It was manufactured at the TAL’s Pune factory.

Tata Group most valuable Brand in India.

According to Brand Finance, a global brand valuation and strategy consultancy firm, Tata Group is the most valuable brand in India at an estimated brand value of $13.1 billion. Tata topped the list of India’s 100 most valuable brands once again despite its value declining 4% from $13.7 billion in 2016. Tata Group is followed by Airtel at the second place and LIC at the third.

Tata Capital launches app ‘myLoan’

Financial services company Tata Capital launched a mobile app to extend its personal loans offering to young and mobile savvy audience. The app – ‘myLoan’ is a social profile based personal loan mobile application. The app offers personal loans up to a maximum of 15 lakh. Tata Capital is a non-banking financial company that undertakes fund- and fee-based activities in the financial sector.

Tata, Wipro in ethical companies list

16 : Two Indian companies, Tata Steel and Wipro, have been named in the list of world’s most ethical companies by American think tank Ethisphere Institute. Wipro is one of the two IT companies named in the list, the other being Xerox Corporation. Tata Steel is also one of the two companies named in the metals, minerals & mining space other is US-based Schnitzer Steel Industries.

Google’s Internet Saathi programme

Google’s Internet Saathi programme, launched in association with Tata Trusts, has been helping close this digital literacy gap since it came into operation in July 2015. The program has been training “Saathis” or partners among women to use tablets and smartphones to explore the benefits of internet in their day to day life. Every Saathi, trained by trainers from Google.

Tata Motors inks pact with Volkswagen

Tata Motors has entered into a long-term partnership agreement with Volkswagen Group and Skoda for joint development of products with the first rollout expected in 2019. The agreement was signed by Guenter Butschek, CEO & MD of Tata Motors, Matthias Muller, CEO of Volkswagen AG, and Bernhard Maier, CEO of Skoda Auto, Tata Motors said in a statement.

TCS Ranked Among Top Three IT Brands

India’s largest software services firm Tata Consultancy Services has been rated as one of the top three ‘most-valuable brands’ in the Information Technology service sector by Brand Finance, the leading global brand valuation firm. As IBM and Accenture are on the top two positions. However, the overall global position of the company dropped down by one spot to 25th from 2016 when it was 24th.

N Chandrasekaran to be TCS Chairman

Tata Sons Chairman Natarajan Chandrasekaran has been appointed as the non-executive Chairman of Tata Consultancy Services (TCS) on February 21, 2017. Rajesh Gopinathan is appointed as CEO and Managing Director, V. Ramakrishnan as Chief Financial Officer (CFO) and N. Ganapathy Subramaniam as Chief Operating Officer (COO) of TCS.

TCS announces ` 16,000 cr share buyback

In a move that is bound to put pressure on its peers Infosys and Wipro, Tata Consultancy Services on 20th Feb. announced a plan to buy back up to 5.61 crore equity shares for an aggregate price not exceeding ` 16,000 crore. This is biggest buyback in the history of India’s capital markets, surpassing Reliance Industries’ share repurchase of ` 10,400 crore in 2012.

S. Padmanabhan to be Chairman of Tata

Tata Power has said that S Padmanabhan has been nominated as chairman of the board of directors of the company. Last month, Padmanabhan was appointed the Additional Director. Prior to joining the Tata Power board, he was the Executive Chairman, Tata Business Excellence Group (TBExG), and was recently given the additional responsibility as Head of Group HR for Tata Sons.

Tata Chemicals Director Bhaskar Resigns

Bhaskar Bhat, a non-independent and non-executive director on the board of Tata Chemicals has resigned. Bhat has put in his papers over differences on Cyrus Mistry’s role. He was appointed as chairman of Tata SIA Airlines Ltd. early this year. In his previous role as the managing director of Titan since 2002, Mr. Bhat led it to become the largest watch manufacturer in India.

Tata Power Solar commissions 100 mw project in Andhra

Tata Power Solar has commissioned a 100 mw solar project for NTPC in Anantapur, Andhra Pradesh, the biggest solar project commissioned using domestically manufactured solar cells and modules. Tata Power Solar delivered the project in record 80% of stipulated timelines, and nearly 3 months ahead of schedule.

Clemson University honoured Ratan Tata with Doctorate of Automotive Engineering

Ratan Tata was honoured an honorary Doctorate of Automotive Engineering by the Clemson University at the South Carolina Automotive Summit. He was awarded for his contributions to the global automotive industry. Ratan Tata is the ex-chairman of the Tata Group. He was named Chairman of Tata Industries In 1981, where he was responsible for transforming it into a group strategy think tank and a promoter of new ventures in high technology businesses. Ratan Tata serves on the board of directors of Alcoa and Mondelez.

CarDekho.com gets Ratan Tata fund

In a first-of-its kind partnership in the Indian auto space, CarDekho.com announced an investment in the company by Ratan Tata. Tata has for the first time ever joined hands with an auto portal by investing in his personal capacity. GirnarSoft, the parent company of CarDekho.com, now valued at USD 300 million, recently concluded its series B funding with a raise of $50 million.

Tata Communications signs $20 mn deal with KION Group

Tata Communications has signed a $20 million multi-year deal with Germany-based KION Group to provide global wide area network (WAN) services to the group’s 330 sites across 30 countries. As part of the deal, Tata Communications will replace the KION Group’s existing stable of multiple WAN providers with a single global network. The KION Group is the second largest global manufacturer of forklift trucks and warehouse technology.