Roca Bathroom acquires plastic factory in Tamil Nadu

Bathroom products manufacturer Roca Bathroom Products today said it has acquired a plastics factory in Tamil Nadu.
"The acquisition will increase the capacity of manufacturing plastic toilet seat covers and polymer cisterns by one million pieces annually, taking total production capacity of Roca India to 4 million plastic pieces," the company said in a statement here.
The company's brands include Armani Roca, Laufen, Roca, Johnson Suisse, Parryware and Johnson Pedder.
"To grow aggressively in India through our power brands, Roca and Parryware, we have acquired this new facility. It will also help us to export our products to Roca group in countries like Australia, Turkey, Bulgaria, Malaysia and China," Managing Director K E Ranganathan said.

"The new factory's capacity will help meet the company's future growth plans. Currently, exports constitute 5 per cent of the total sales, which we expect to double with this acquisition," Ranganathan added.
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ICICI Bank today announced winners for its mobile application development challenge.
Entries from Bengaluru (Rupam Das and Bayesian Conspiracy) accounted for two of top three honours, while the third was from Pune (Headfitted Solutions), the top private lender said in a statement.
There were 3,400 participants in the contest, which had the bank offering 250 APIs on the cloud for prototype development, it said.
Over 40 per cent of the entries were from non-metro cities and the total prize money was Rs 22.5 lakh.

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Federal Bank launches new trading platform
South-based private lender Federal Bank today launched a new trading platform for customers designed to give users full control over their investments and taking research-led decisions.
The platform, christened 'selfie', is designed and managed by Geojit, the bank said in a statement here.