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OTIS ELEVATOR COMPANY
Over $150,000 income, safety from layoffs: This one profession could be one of the safest jobs as AI anxiety risesAs layoffs continue across major tech companies investing heavily in AI, one profession is seeing the exact opposite trend. Elevator mechan...- Finnish lift maker Kone to acquire German rival TK Elevator in $34-billion dealThe deal, struck with TKE's private equity owners Advent International and Cinven along with other investors, is among Europe's largest rec...
- From Hormuz to headquarters: Iran war ripples through corporate balance sheets, blurs forecastsBusinesses face rising costs and supply chain disruptions due to the U.S.-Israeli war with Iran. Companies report higher transport and raw ...
- Global Inc speaks out: Iran war hurt biz already bruised by tariffs, high costsInvestors and economists are watching to see whether companies can absorb the shock, or if prolonged uncertainty over energy, transport and...
- More stringent rules needed to make lifts safer in India: Otis CEOOtis is expanding its manufacturing capabilities in India. India is Otis's fastest-growing market. The company aims to meet the rising dema...
- Elevator industry supports India’s urbanisation in a way that is smart, sustainable and scalable, says Otis India presidentIndia is the second-largest market for elevators and escalators globally and the Otis team in the country has doubled orders in the last tw...
- Raytheon and United Technologies in merger talksA person familiar with the matter told the newspaper that United Technologies is likely to own a majority of the combined company.
- Here are the 10 oldest companies in India that are still going strongDefying the average, a list of Indian companies have been in existence for over 100 years — and several of them are still going strong.
- Rajesh Mokashi takes charge as MD & CEO of Care RatingsHe had earlier worked with Otis Elevator Company India, DSP Financial Consultants and Kotak Mahindra Finance before joining Care.
- L&T Infotech 'actively' scouting for buys in analytics, consultingIPO comprises an offer-for-sale of up to 1.75 crore equity shares by L&T Ltd. It constitutes 10.3 per cent of the post offer paid-up equity...
- Otis Elevator signs agreement with Mantri Developers“Mantri is a well-respected, future-focused developer and we are delighted with this agreement,” said Sebi Joseph, president, Otis India.
- Make In India: Otis to build escalators and customised elevators in IndiaThe company already builds elevators in India in Bengaluru and has doubled its capacity in 2015 by spending Rs 100 crore in the expansion.
- World's biggest elevator market China is fallingSo when will demand bounce back? “It could be never,” Delpech said. “We will have to adjust the output of the factories to the market."
- Otis plans smart elevators that know where you want to goThe ubiquitous elevator would soon be smart enough to know who you are and what floor you intend to go to without the need to press any but...
- Levy sales tax only on ‘goods component’ in deal to install elevators: SCSC has clarified that installation of elevators is a ‘work contract’ and sales tax can be levied only on the goods component involved.
- Otis gets Hyderabad metro contract for elevators, escalatorsHyderabad Metro Rail project said that Rs 400 crore worth contract of installing elevators and escalators has been awarded to OTIS.
- Elevator market set to zoom: Companies ramp up operations for high-tech, high-speed liftsAs cities get crowded and land gets costlier, it is likely that buildings will get taller. What also gives elevator cos hope is the number ...
- OTIS Elevators buyback deal: AAR denies capital gains tax exemptionThe transaction between the Indian company and OTIS Mauritius, according to The AAR, was designed to avoid tax in India.
- Lift cos grab foreign investors’ attentionOne good deal has helped ’lift’ the spirits of elevator companies in Gujarat. Months after Otis Elevator Company, one of the world’s larges...
- From helper to JV partnerFormer Otis employee forms JV with world’s biggest elevator maker.
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