'The government has put in a lot of effort to provide infrastructure for the industry.'
Reliance Industries Ltd invested over $125 billion in the last ten years as it undertook massive expansion in hydrocarbon and telecom businesses, a report said, estimating that the conglomerate's investments in the next three years would be in relatively less capex-heavy retail and upstream new energy. Reliance is coming out of a series of long and intensive capex cycles (hydrocarbons and telecom).
Adani Enterprises Ltd, the flagship incubator of billionaire Gautam Adani's conglomerate, on Thursday reported a 37 per cent drop in March quarter net profit, bogged down by one-time past airport dues and commercial mining losses. Its consolidated net profit of Rs 450.58 crore in January-March - the fourth quarter of fiscal year 2023-24 - compares to Rs 722.48 crore net profit in the same period last year and Rs 1,888.45 crore earning in the preceding quarter, according to a stock exchange filing by the company.
Tata Motors owned Jaguar Land Rover will start producing its Range Rover and Range Rover Sport in India, marking a first for the iconic models in their 54-year long history, to be rolled out from a country outside of the UK. Till now the two models were only produced in Jaguar Land Rover's Solihull plant in the UK and then exported to around 121 markets globally, including India.
The Centre's supplying price is pushing the pricing structure for the private sector upward.
JCL International on Tuesday announced the launch of multi-level car parking facilities in technical collaboration with Germany's Otto Wohr GmbH in a bid to provide hassle-free parking solutions to vehicle owners in the country.
The environment ministry is likely to soon issue regulations that will mandate automakers to recycle a specified percentage of steel from old vehicles, starting from the next financial year, according to people familiar with the matter. "We recently held a meeting with members of the Society of Indian Automobile Manufacturers (Siam). "The final regulations are likely to be issued in the next 10 days," a government source informed.
Germany-based Mutares SE & Co will acquire 80 per cent controlling stake in Mahindra & Mahindra's French unit Peugeot Motocycles. In a statement, the Mumbai-based auto major on Thursday said Mutares has submitted an irrevocable binding offer to acquire 50 per cent of equity and a controlling stake of 80 per cent in France-based Peugeot Motocycles (PMTC). As part of the deal, Purple, a fully-owned entity of Mutares Holding, would invest 7 million euros in PMTC, which would entitle it to a 50 per cent shareholding and 80.01 per cent voting rights in the French firm.
According to sources, government officials have asked industry bodies and manufacturers to submit key concerns and requirements to begin manufacturing activity.
Pharma major Orchid Chemicals & Pharmaceuticals on Monday said USFDA has completed inspection of its state-of-the-art formulations facility located at Irungattukottai in Chennai.
When the landslide hit, Sruthi's house was washed away, along with its inhabitants. She lost her entire family and some relatives. All she had left for a close confidante was her fiance Jenson. Days after the landslide and the loss of her family, Jenson died in a road accident that also left Sruthi with serious injuries. News of the accident and Sruthi's backdrop as the lone surviving member of a family wiped out in the July landslide, was picked up by the media, and people rushed to help.
'The government has put in a lot of effort to provide infrastructure for the industry.'
Ahmedabad was the first stop in the PM's three city tour today, to personally review the vaccine development and manufacturing process in the country.
The manufacturing facility is being set up at Oragadam, near this city. The company has planned to set up 55 dealerships by 2012. So far, the company has appointed 23 and plans to add seven more by the end of this financial year.
A spectacular aerial display showcasing the prowess and manoeuvrability of the Indian Air Force (IAF) aircraft over the iconic Marina sky captivated the hearts of Chennaiites who turned up in thousands on a sultry Sunday and witnessed the IAF's range of new aircraft including Rafale, roar in action.
Suzlon Energy, which is facing consumer complaints of faulty blades supplies, has shelved plans of setting up a tower manufacturing facility and suspended the process to increase its stake in REpower of Germany, in the context of the current financial turmoil.
Several firms are stepping up to help their workforce cope with soaring temperatures
The parties intend to produce over 300 million doses of the vaccine in India per year.
Swedish telecom equipment supplier Ericsson on Monday announced setting up a R&D centre in Chennai and an investment of $100 million to upgrade the manufacturing facility in India.
The US laws authorise the drug and health watchdog to assess and collect user fees for certain applications and supplements for human generic drug products
"The experience was incredibly enriching, significantly bolstering my confidence in our country's indigenous capabilities, and leaving me with a renewed sense of pride and optimism about our national potential," he said.
The first vaccine candidate will be an intra-muscular one, followed by intra-dermal and nasal ones, depending on test results.
Bangalore-born Bhattacharyya, an alumnus of Indian Institute of Technology (IIT) Kharagpur, was awarded the Padma Bhushan in 2002 for his services to science and technology and made a life peer in the UK's House of Lords in 2004.
Hemant Shivsaran lists the number of projects the Modi government has announced since August to woo Gujarat voters.
The government is in negotiations with electronic chip makers for setting up a high-tech facility in India this year, Telecom and IT Minister Kapil Sibal said.
Nokia, the phone handset manufacturer, on Wednesday announced an investment of up to $150 million over next four years to set up a manufacturing facility in India, which would also give employment to about 2,000 people.
'China is struggling to get out of its property bubble.' 'Japan took 35 years to walk out of its equity bubble.' 'Bubbles can be difficult to forecast.'
Taking a cue from heavyweights such as BMW, Mercedes and Audi, Ford Motor Company-owned Volvo Car India may use the parents' India facility in Chennai to manufacture and assemble some of its products, reducing their prices substantially.
Quanta also manufactures laptops for Hewlett-Packard and is the main assembler for the smartwatch released recently by Apple.
'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'
Lupin Ltd commissioned its facility at Mandideep near Bhopal, Madhya Pradesh, to manufacture Lisinopril, an active pharmaceutical ingredient in the cardiovascutar segment with a capacity of 12MT per annum.
The US Food and Drug Administration (USFDA) has issued a warning letter to RPG Life Sciences for violation of current good manufacturing practice (CGMP) norms at its two plants at Ankleshwar and Mumbai.
Here are the key highlights of the BJP's 'Sankalp Patra' for the 2024 parliamentary polls.
PC maker HP has joined hands with Google to manufacture Chromebooks in India from October 2, the company said on Thursday. The Chromebook devices will be manufactured at the Flex Facility near Chennai, where HP has been producing a range of laptops and desktops since August 2020, it said in a statement. "Manufacturing Chromebook laptops in India will allow Indian students to get easy access to affordable PCs.
Tata Electronics' Rs 91,000 crore semiconductor fab in Dholera, Gujarat, in partnership with PSMC, will generate over 20,000 direct and indirect skilled jobs in the region and construction of the mega unit is expected to begin this year, according to a statement on Thursday. The planned unit - India's first commercial fab, marks Tata Electronics' entry into the global semiconductor industry. Tata Electronics said it is "proud to lead India's entry into global semiconductor fabrication".
Shut since December following violence owing to labour unrest at its Karnataka facility, Wistron, Taiwanese contract manufacturer for Apple Inc, said on Tuesday its operations in Bengaluru will start soon, as the state government asserted it was ready to extend all cooperation. "We are looking forward to restarting our operations and welcoming back team members," David Shen, CEO Wistron Smart Devices, said in a statement. He said since the violent incident at their Narasapura facility in Kolar district in December last year, the company has been working hard on improving across the board to raise standards and fix the issues.
India is hopeful of attracting about $900 million investment from global telecom suppliers, including Nokia, Alcatel, Motorola and Ericson to set up manufacturing facilities in the country.
