Walmart on Wednesday said that it wants to build or convert more than 150 shops over the next five years, as well as refurbish existing ones. Walmart said in 2016 that it was halting new store openings and instead investing in online activities, technology, and shop remodels to compete with Amazon. A company spokesman stated that the […]
Pegatron Corporation, a major supplier to tech giant Apple, has announced an investment of Rs 1,000 crore in Tamil Nadu. The investment is targeted at establishing a computing, communications, and consumer electronics manufacturing unit, bringing with it the promise of generating employment for approximately 8,000 individuals. The Memorandum of Understanding (MoU) formalising this investment was […]
Delhi Chief Minister Arvind Kejriwal on Tuesday granted permission for 32 more shops and commercial establishments to operate 24 hours, an official statement said. According to the initiative, it could provide new job opportunities for young people as well as boosting economic activity in Delhi, it said. The Delhi labour department suggested to the CM […]
Taiwanese electronics manufacturer Foxconn has invested USD 55.29 million in Bengaluru-based Foxconn Precision Engineering, a fresh capital made through the company’s Singapore-based subsidiary Foxconn Singapore. Foxconn Singapore has acquired 46,08,76,736 shares in total at Rs 10 each. The company’s Bengaluru unit was incorporated six months ago to set up a Rs 8,800 crore supplementary plant […]
Intel Israel and Israeli government authorities announced plans to build a new manufacturing facility in Kiryat Gat on Tuesday morning with a USD 25 billion investment. “The global company Intel’s choice to approve the unprecedented investment of USD 25 billion right here, in Israel, is important and significant,” Finance Minister Betzalel Smotrich said in a […]
In a conversation with entrepreneurs on Wednesday, Chief Minister Yogi Adityanath underscored the importance of small-scale industries and said that they are the backbone of the economy. He highlighted that employment generation and economic self-reliance of families are possible only through small-scale industries. He also assured the entrepreneurs that those who violate the law in […]
The Ministry of Housing and Urban Affairs (MoHUA) in a statement has said that the central government has covered a total of 50 lakh street vendors under PM Street Vendor’s AtmaNirbharNidhi (PM SVANidhi) scheme. Started on 1 June 2020, PM SVANidhi is a micro-credit scheme for urban street vendors that aims to provide collateral-free working […]
The mineral production sector in India witnessed a significant upswing in July 2023, with a remarkable 10.7 per cent increase compared to the same month in the previous year. These findings are based on the latest data released by the Indian Bureau of Mines (IBM), indicating a positive trajectory in the country’s mineral production, read […]
In the presence of Chief Minister Pushkar Singh Dhami, the Uttarakhand government signed a memorandum of understanding (MoU) of Rs 2,000 crore with the French cable car company POMA ropeways for investment in the state under the Uttarakhand Global Investors Summit in London on Tuesday. On this occasion, CM Dhami said that through this investment […]
DealShare, a social ecommerce player, has announced a substantial investment of Rs 1000 crore in local and regional SME brands and its own Private Labels over the next 5 years. The company is looking to invest in 6 states namely Rajasthan, Haryana, Uttar Pradesh, Himachal Pradesh, Gujarat and Maharashtra. DealShare’s core ecommerce portfolio sources goods […]
