ByteDance, the parent company of TikTok, the short video platform launched its online shopping service in 2021 named TikTok Shop in Indonesia. The ecommerce platform is currently available in the UK and the US markets. To boost its online retail platform in the US, ByteDance is planning to prohibit links to other ecommerce platforms such […]
Japanese electronics manufacturer TDX Corporation will manufacture battery cells for iPhones In India, according to a media report. As per the report, TDX will supply battery cells to Premium electronic manufacturer Apple. The company is likely to work with the Sunwoda Electronics which already has operational units in India. TDK has reportedly acquired Li-ion battery […]
Coca-Cola on Thursday revealed a substantial investment of Rs 1,387 crore for a new manufacturing facility in Maharashtra’s Ratnagiri district. Spanning 88 acres in the Lote Parshuram Industrial area within the Maharashtra Industrial Development Corporation zone, the facility will utilize water from the Vashishthi river, according to a statement from Hindustan Coca-Cola Beverages. The greenfield […]
India’s largest multiplex operator PVR Inox will open 150 screens in the fiscal year 2025 with nearly Rs 500 crore investment, the news agency PTI reported. With the opening of a six-screen luxury cinema at Maison Inox on Thursday, the company now operates 118 screens across 23 properties in the megapolis. Overall, including its property in […]
Hours after the Union Finance Ministry stated that the Indian economy grew 7.6 per cent during the July-September quarter of the current financial year 2023-24, it said that India’s GDP is expected to grow by 6.5 per cent in financial year 2024. Growth projections for Financial Year 2024 indicate that India will grow by 6.5 […]
Reliance Industries chairman Mukesh Ambani on Tuesday said that the group plans to invest an additional Rs 20,000 crore in West Bengal over the next three years. Speaking at the seventh edition of the Bengal Global Business Summit, Mukesh Ambani said the additional investment will be in the areas of digital life solutions, retail and […]
MAS Holding’s Chairman, Mahesh Amalean on Monday met Odisha Chief Minister Naveen Patnaik and told him about the company’s interest in setting up an integrated textile and apparel manufacturing facility in Odisha. Amalean informed Patnaik about his company’s portfolio. The project can provide employment to more than 5,000 people. During the discussion, the Chief Minister […]
McDonald’s said on Monday it would acquire investment firm Carlyle’s 28 per cent stake in a partnership that manages its business in mainland China, Hong Kong and Macau, as the burger chain looks to simplify its structure in the region. The deal will help McDonald’s raise its holdings to 48 per cent, while a consortium […]
The Hinduja Group’s flagship company, Ashok Leyland, has indicated that it is interested in obtaining outside funding for Switch Mobility, its electric car subsidiary. The managing director, Shenu Agarwal, stressed how crucial it is to choose the ideal strategic partner for this project. Agarwal emphasised that although the company welcomes outside investment, it would continue […]
One of Apple’s major Chinese component manufacturers, Luxshare, has reportedly opted to invest in Vietnam instead of India, citing political tensions between the two nations. According to media reports, Luxshare’s decision to invest USD 330 million in Vietnam’s northern province of Bac Giang comes after several unsuccessful attempts to expand its operations in India over […]
