Mitsubishi Electric India has decided to set up a new manufacturing plant in Tamil Nadu, investing approximately INR 1,891 crores. The foundation stone was laid by Chief Minister M K Stalin on Tuesday. Top officials of Mitsubishi Electric India entered into a memorandum of understanding with Guidance Tamil Nadu, an investment promotion agency of the […]
Taiwanese manufacturing giant Foxconn has purchased a huge plot of land on the northern outskirts of Bangalore, according to a filing on Tuesday, as it works on diversifying production out of China. Foxconn is one of the biggest contact electronic manufacturers in the world; it is also a key assembler of Apple’s iPhones. Following not […]
Pidilite Industries on Tuesday reported a 12.4 per cent year-on-year (YoY) rise in its consolidated net profit at Rs 286 crore for the quarter ended on 31 March, 2023, the company said in its regulatory filing. Its consolidated net sales also grew by 7 per cent YoY at Rs 2,674 crore and its earnings before […]
This surely is Prime Minister Narendra Modi’s Mann Ki Baat. The Union government has issued an advisory for smartphone manufacturers, making it mandatory to include FM Radio as a primary application in all smart phones being sold in India. As per the information, the advisory was initiated by the Indian Cellular Electronics Association (ICEA) along […]
Pidilite Industries on Tuesday reported a 12.4 per cent year-on-year (YoY) rise in its consolidated net profit at Rs 286 crore for the quarter ended on 31 March, 2023, the company said in its regulatory filing. Its consolidated net sales also grew by 7 per cent YoY at Rs 2,674 crore and its earnings before […]
Chipmaker Intel is looking to make more job cuts as it navigates the macroeconmic environment on the back of a record Q1 loss of USD 2.8 billion on USD 11.7 billion in revenue, a 36 per cent year-on-year (YoY) decrease. The jobs cuts aren’t exactly a surprise as Intel had already announced plans to cut […]
With consistent growth in its group turnover over the years through its dairy and value-added dairy products, Amul now seeks to go all out in India’s booming FMCG space as it believes it is the right inflexion point to tap into other non-dairy food categories. Above Amul’s big diversification bet is the success of the […]
Indian wire and cable maker RR Kabel, backed by private equity firm TPG, filed for an initial public offering on Sunday, seeking to raise up to USD 27.53 million, according to its draft prospectus filed to India’s market regulator and seen by Reuters. RR Kabel, India’s fifth largest branded wires and cable manufacturer, plans to […]
Indian lead-acid battery maker Exide Industries reported a lower-than-expected quarterly profit on Monday, hurt by higher raw material costs. Exide’s net profit after tax was at Rs 208 crore for the quarter that ended 31 March, while analysts on average expected a gain of Rs 252 crore, according to Refinitiv IBES data. The company’s Rs […]
Alibaba’s logistics arm aims to raise up to USD 2 billion via a listing in Hong Kong likely early next year, sources with knowledge of the matter said, bolstering hopes for a capital markets revival in the Asian financial hub. Cainiao Network Technology’s initial public offering (IPO) plan comes after Alibaba flagged in late March […]
