Investors and economists are watching to see whether companies can absorb the shock, or if prolonged uncertainty over energy, transport and...

Otis is expanding its manufacturing capabilities in India. India is Otis's fastest-growing market. The company aims to meet the rising dema...

India is the second-largest market for elevators and escalators globally and the Otis team in the country has doubled orders in the last tw...

A person familiar with the matter told the newspaper that United Technologies is likely to own a majority of the combined company.

Defying the average, a list of Indian companies have been in existence for over 100 years — and several of them are still going strong.

He had earlier worked with Otis Elevator Company India, DSP Financial Consultants and Kotak Mahindra Finance before joining Care.

IPO 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...

“Mantri is a well-respected, future-focused developer and we are delighted with this agreement,” said Sebi Joseph, president, Otis India.

The company already builds elevators in India in Bengaluru and has doubled its capacity in 2015 by spending Rs 100 crore in the expansion.

So when will demand bounce back? “It could be never,” Delpech said. “We will have to adjust the output of the factories to the market."

The 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...

SC has clarified that installation of elevators is a ‘work contract’ and sales tax can be levied only on the goods component involved.

Hyderabad Metro Rail project said that Rs 400 crore worth contract of installing elevators and escalators has been awarded to OTIS.

As cities get crowded and land gets costlier, it is likely that buildings will get taller. What also gives elevator cos hope is the number ...

The transaction between the Indian company and OTIS Mauritius, according to The AAR, was designed to avoid tax in India.

One good deal has helped ’lift’ the spirits of elevator companies in Gujarat. Months after Otis Elevator Company, one of the world’s larges...

Former Otis employee forms JV with world’s biggest elevator maker.