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Nokia, Ericsson, Samsung, Ciena, Foxconn keen to set up manufacturing base in India under PLI The go...
Triton Electric registers unit in India to hire around , people US-basednbspTriton Electric ...
Bosch to upgrade Bengaluru unit to AIoT-enabled campus, invest Rs 800 crore Bosch Group, German technology, and services major, is investing Rs 800 crore to upgrade its existing campus in Bengaluru to a fully artificial intelligence of things (AIoT)-enabled ‘smart campus’, a top company official said on Wednesday. The campus is likely to house the second-highest […]
Govt is committed to privatisation of non-strategic PSUs, says PM Modi Prime Minister Narendra Modi on Wednesday made his strongest pitch for privatisation of non-strategic PSUs, saying the government has no business to be in business and sustaining loss-making units on taxpayers’ money drains resources that could otherwise have been spent on public welfare schemes. He said about 100 […]
Ministry clears 20 food processing projects, to create around 12,000 jobs The Union Food Processing Industries Ministry on Wednesday said it has cleared 20 projects worth Rs 363.4 crore under two central government schemes. The government will provide a grant-in-aid of Rs 102.91 crore for these projects, which together are expected to generate nearly 12,000 […]
Tata Electronics signs MoU, to create 18,250 jobs in Tamil Nadu Tata Electronics has signed an MoU with the Tamil Nadu government to set up a facility for manufacturing mobile components. The project by Tata Electronics will cost Rs 4684 crores and it helps in creating jobs for 18,250 people. N Chandrasekaran, Chairman of Tata Group said, “Tata […]
Venture capital consortium Indian Angel Network (IAN) is planning to invest over Rs 100 crore in start-up firms across sectors in 2021, according to a governance committee member and co-founder of the network. IAN co-founder Padmaja Ruparel told PTI that the consortium members will evaluate opportunities in biotechnology, augmented reality, manufacturing and in environment space. […]
Uflex to invest Rs 850 cr to set up new greenfield plant in Karnataka Packaging materials and solution company Uflex Ltd plans to set up a new greenfield plant in Karnataka with an investment of Rs 850 crore. The Noida-headquartered firm has also announced brownfield investment of USD 15 million (approx Rs 109.17 cr) to […]
UP gets over Rs 1,88,000 crore investment, creates more than 1 lakh jobs in 3.5 years Uttar Pradesh has received over Rs 1,88,000 crore investment in the last three and a half years. Alok Tandon, Infrastructure and Industrial Development Commissioner of the state said: “The kind of work done by the Chief Minister Yogi ever […]
New rules for H-1B visa mild negative for Indian IT services: ICRA The proposed changes in the H-1B application selection process by US Citizenship and Immigration Services (USCIS) are prospective in nature but will have a minor adverse impact on the margins of Indian IT services companies, investment information agency ICRA has said. The H-1B application selection process will […]
PM Modi urges youngsters to join Startup India international summit Prime Minister Narendra Modi has called upon youngsters to attend ‘Prarambh’, the Startup India international summit on January 15 and 16, saying it seeks to bring together top minds from industry, academia, investment, banking and finance besides young startup leaders. He also shared his LinkedIn post in which he noted […]
MG Motor India to invest Rs 1,500 crore more by the next financial year MG Motor, the Indian arm of China’s SAIC Motor plans to start an additional shift at its manufacturing plant in Halol in Gujarat this year to meet the demand for its vehicles. “The company has invested Rs 3,000 crore till now […]
Lulu Group to invest Rs 200 crore in food and vegetable processing unit at Greater Noida The Greater Noida Authority has allotted 20 industrial plots in January 2022, which will attract investment of Rs 430 crore and provide employment to 3,000. The authority allotted 19 plots of 2,000 sq mtr. The UAE-based Lulu Group had […]
Fiat Chrysler to invest $250 million in India unit to launch new SUVs Fiat Chrysler Automobiles NV (FCA) said on Tuesday it will invest $250 million to grow its presence in India with the launch of four new sport-utility vehicles (SUVs) under its Jeep brand over the next two years. The investment will be made […]
