By Hyunjoo Jin SEOUL, May 15 (Reuters) – A looming 18-day strike at South Korean chip giant Samsung that has triggered worries within the government, rattled foreign investors and threatened…
Category: Companies
Global space-tech major ICEYE to launch satellite production in India
ICEYE, a global leader in space-based intelligence, is set to establish its first Indian production facility within the next year to manufacture small satellites for defence, surveillance and environmental monitoring.…
JSW Steel, along with JVs, target 80 mt capacity by 2030: Joint MD & CEO Jayant Acharya
Aided by a rally in prices and low-cost inventory, has posted much better profits in the March quarter. With joint ventures with the world’s two largest steel companies JFE and…
JSW Steel’s JVs put it on track to be among top global steelmakers outside China
Mumbai: Two strategic joint ventures have set the Sajjan Jindal-led JSW Steel on course to becoming one of the world’s biggest steel companies outside of China. The first joint venture…
Prudential Plc to buy 75% Bharti Life stake for ₹3,500 crore, cut ICICI Pru Life holding to 10%
MUMBAI: UK-based Prudential plc on Sunday said it plans to acquire a 75% stake in Bharti Life Insurance and subsequently cut its holding in ICICI Prudential Life Insurance to 10%,…
Vodafone Idea gets promoter support but funding challenge persists
Telecom operator Vodafone Idea showed early signs of operational improvement in the March quarter, as its subscriber base stabilised and average revenue per user (Arpu) rose. Analysts, however, said the…
NTPC chief cautions against dependence on single supplier for nuclear technology
The country must remain watchful of becoming over-dependent on any single supplier or country for nuclear technology as it moves ahead with the ambitious 100 GW nuclear power plan, an…
How Amazon went from an AI also-ran to a real contender
SEATTLE—Not long ago, Amazon was seen as an also-ran in the great AI race. Microsoft, in particular—with its partnership with OpenAI and cloud business outpacing Amazon’s AWS—seemed to have reclaimed…
NCLAT upholds separate insolvency processes for Videocon Industries and Videocon Oil Ventures
Appellate tribunal NCLAT has upheld separate insolvency proceedings for two Videocon group entities — Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL) — while setting aside an earlier…
Gautam Adani kicks off ACE centre for eye care in Bihar’s Saran
Adani Group chairman Gautam Adani on Sunday performed ‘Bhoomi Pujan’ for the launch of ‘Adani Centre for Eye Diseases (ACE)’, in association with the Akhand Jyoti Eye Hospital in Mastichak…