Foxconn, the Taiwanese multinational electronics giant, is all set to commence work on its manufacturing facility in Kongara Kalan, on the outskirts of the city of Hyderabad in Telangana. The industrial project is a massive investment of almost Rs 3,500 crore and is expected to create a new milestone in the industrial sector of the state. On Monday, the groundbreaking…
Skoda Auto India is set to target double-digit growth this year by focusing on safety. The Czech automaker plans to introduce India’s safest small SUV and an EV this fiscal year, as well as adding a slew of active and passive safety features including ADAS and lane departure warnings. Skoda’s popular midsize SUV Kushaq and sedan Slavia have already passed…
VasyERP’s Badhaye Business Ka Sense campaign launched on Jio Cinema App for IPL 2023. They launched this campaign to reach as many retail businesses as possible in order to digitise 5 lac+ retail businesses across India by 2025. The advertisement not only highlights a common challenge that retailers face, but at the same time also highlights how VasyERP Solutions is…
Birla Corporation, a leading cement manufacturer in India, recently announced its financial results for the fourth quarter ended March 31. The company reported a net profit of Rs 85 crore, which was a decline of 23.4% compared to the corresponding quarter of the previous year when it had recorded a profit of Rs 111 crore. Despite the dip in profits,…
Equity benchmark indices in India began trading on a firm note on Monday, supported by the continuous inflow of foreign funds and a rally in US equities. The 30-share BSE Sensex rose by 391.8 points to 61,446.09 in early trade, while the NSE Nifty climbed 107.3 points to 18,176.30. Buying in index majors Reliance Industries and HDFC twins also supported…
Reliance Industries’ shareholders and creditors have given the green light for the demerger of the company’s financial services arm, Reliance Strategic Ventures Ltd (RSIL), according to filings with the stock exchanges. The demerger received 99.99% of votes in favour in a shareholders’ meeting held on May 2. Unsecured creditors also gave their support, with 99.99% of votes in favour, while…
Hitachi Cooling & Heating India has always been at the forefront of creating innovative and effective techniques to provide world-class and modern air conditioning products to its customers. The company strives to ensure that people’s lives are comfortable by providing top-quality cooling solutions by utilizing development and production of high-end and energy efficient cooling solutions. One of the exciting features…
Zypp Electric, an electric mobility startup, has announced its plans to deploy up to 10,000 electric scooters in Bengaluru. The company has already put 2,000 e-scooters on the city’s roads, with the remaining 8,000 scheduled to be deployed over the next two months. The move is part of the firm’s recent announcement to extend services to 30 cities in India…
According to a monthly survey, manufacturing activities in India have reached a four-month high in April, driven by robust new business growth, mild price pressures, better international sales, and improving supply-chain conditions. The S&P Global India Manufacturing Purchasing Managers’ Index (PMI) rose to 57.2 in April, the highest it has been this year, up from 56.4 in March. This indicates…
India’s State Bank of India (SBI) has successfully priced a 5-year $750 million bond at a coupon rate of 4.875%, issued under its MTN (medium-term note) programme. The bank offered a rate 145 basis points above the five-year US treasury bond, reflecting strong demand for credit despite the Reserve Bank of India raising interest rates by 250 basis points since…