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 […]
Asian Paints revealed a tax demand of Rs 13.83 crore, accompanied by a penalty of Rs 1.38 crore, from the Deputy Commissioner of State Tax, Chennai, Tamil Nadu. Under the Central Goods and Services Tax Act, 2017, and corresponding regulations, the demand pertains to the additional tax on outward supplies and disallowance of Input Tax […]
The manufacturing sector growth in the country could reach USD 1 trillion by 2025-26 and Gujarat is expected to play a significant role in achieving this milestone, according to a report by Colliers India. According to its study, Gujarat achieved the highest investment in the manufacturing sector in the year 2023 and it is the […]
Super Saravana Stores, a retail chain is all set to enter the ecommerce world with the launch of its new shopping application, Superssmart; on 18 September 2023. According to the company, the app is designed to offer shoppers the ‘ultimate online shopping experience’ and will be available for download on the App Store and Google […]
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 […]
Hon Hai Technology Group (or Foxconn) signed a Letter of Intent to set up a new mobile components manufacturing facility at a cost of Rs 1,600 crore in Kanchipuram district in the presence of Tamil Nadu Chief Minister MK Stalin on Monday. Giving this information, Tamil Nadu Industries Minister TRB Rajaa said in a tweet […]
The Tamil Nadu Co-Operative Milk Producer’s Federation, which sells dairy products under the brand Aavin, has hiked prices for paneer and badam mix in Chennai and its suburbs. The revised retail prices will come into force with immediate effect, the Federation said in an official notification. The retail price of one kg paneer, which was […]
Tamil Nadu government has extended the ban on — manufacturing, storage, transport, distribution or sale of chewable food products, such as Gutkha and Pan masala, which contain tobacco and nicotine as ingredients – for one more year. The Commissioner of Food Safety and Drug Administration, Tamil Nadu said the order will apply from 23 May […]
Hyundai Motor India on Thursday announced its long-term investment plans in Tamil Nadu. The company said it would make further inroads into electric vehicles by investing Rs 20,000 crore in a phased manner — over the period of 10 years. An MoU was exchanged between Unsoo Kim, MD and CEO, of Hyundai Motor India and […]
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 […]
