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 […]
A high-level committee that met in Belgaum approved the establishment of 14 enterprises with a total capital investment of Rs 34,115 crores, which includes Foxconn’s proposal to invest an additional amount of Rs 13,911 crore in Karnataka, said Chief Minister Siddaramaiah. These capital investments are expected to employ over 13,300 people across the state, said […]
Hon Hai Precision Industry Co., the company that manufactures iPhones, is planning to invest another NT$50 billion (USD 1.6 billion) in construction projects in India to expand its footprint in the country. The company made the announcement in an exchange filing in Taiwan on Monday, stating that the investment will be for operational needs, without […]
India’s milk production is expected to reach a record 230.58 million tonnes in the fiscal year 2022-23, marking a 4.2 per cent increase compared to the previous year. This growth is always concerned about potential stagnation in output due to lumpy skin diseases (LSDs) reported in cattle last year. Despite the positive outlook, this growth […]
Taiwanese electronics major Foxconn aims to double its workforce and investment in India by next year, a company representative based in India said on Sunday. “Under your leadership, Foxconn has grown smoothly and rapidly in India. We will work even harder to present you with a greater birthday gift next year, aiming for another doubling […]
Karnataka has recorded a decline in liquor sales in the state in August after the new government increased the excise duty. As per the statement from the Federation of Wine Merchants’ Association, Karnataka, the first two weeks of August have seen a significant decline in both sales and revenue. It may be recalled that while […]
As far as sweets are concerned, every town in Karnataka has its own specialities. But among them, Mysore Pak, which was invented in the royal kitchen of Mysore kings, has carved a niche for itself in the inernational market while highlighting the rich culinary heritage of India. Recently, Mysore Pak was ranked 14th among the […]
Tata Technologies has come forward to set up three Common Engineering Facilities Centres (CEFCs) in the state by investing Rs 2,000 crore, Karnataka minister MB Patil said on Wednesday. Representatives of the leadership team of the company met Minister for Large and Medium Industries MB Patil at Vidhana Sabha on Wednesday and submitted the proposal […]
Mobile components manufacturer SFS, which is interested in setting up a unit by investing Rs 250 crore, has sought 30 acres of land in Karnataka’s Belagavi from the state government. Minister for large and medium industries M B Patil in a statement on Wednesday said that SFS delegates led by CFO of the company Faras […]
As the Karnataka government is facing difficulty in procuring large quantities of rice, it has decided that instead of providing 5 kg additional rice to beneficiaries as promised under the ‘Anna Bhagya’ scheme, it would give cash at the rate of Rs 34 per kilo. Congress had promised 10 kg of rice per person through […]
