Prime Minister Narendra Modi will inaugurate CG Semi’s ₹7,500-crore Outsourced Semiconductor Assembly and Test (OSAT) facility at Sanand on Saturday, marking the commencement of commercial production at one of India’s…
Category: Companies
Nayara’s gasoline sold to Russia via traders, sources say
Traders have sold gasoline produced by Indian refiner Nayara Energy to Russia, which is grappling with fuel shortages triggered by Ukrainian attacks on its energy infrastructure, two sources with direct…
HCLTech ends three-year mega-deal drought with $1.14 billion contract from European client
HCL Technologies Ltd bagged a $1.14 billion, five-year contract from a European Fortune 50 company, ending a three-year mega-deal drought for the country’s third-largest tech services firm. The deal assures…
Updated scale-based regulations for NBFCs: Tata Sons may be required to list
The Reserve Bank of India’s (RBI) updated regulatory framework for non-banking financial companies (NBFCs) does not materially alter the position of Tata Sons, which may still be required to list…
Startups focus on in-house manufacturing to exercise quality control, build competitive edge
A growing number of direct-to-customer startups are focusing on setting up their own manufacturing facilities instead of relying on third parties to gain greater control over product quality, inventory levels…
Tata Agratas increases loan to more than £1 billion, pushes back repayment deadline as battery project accelerates
New Delhi: Tata Group’s UK-based battery firm, Agratas Ltd, will draw £1.15 billion ( ₹14,000 crore) in loans from a consortium of banks, which has approved increasing the amount by…
Ferrari’s former design house is hanging by a thread—extended by Tech Mahindra
Once touted as a jewel in Tech Mahindra Ltd’s crown, Pininfarina S.p.A. has become a drag on the company’s finances, weighed down by an expensive lawsuit, hefty severance payouts and…
Invicta Diagnostic ventures into Pune, takes tally to 10 centres in state
Invicta Diagnostic, a leading diagnostic service provider in Maharashtra, has opened a new diagnostic centre in Pune through its subsidiary, Porteus Medical LLP and increased its tally to 10 centra…
AI reshapes CTO role as Indian tech leaders take on workforce transformation: LinkedIn
Artificial Intelligence (AI) is rapidly redefining the role of chief technology officers (CTOs) in India, expanding their responsibilities beyond technology management to include workforce transformation, organisational strategy and business innovation,…
Indian consumers are guzzling down dairy-based beverages, players see strong double-digit growth this summer
Amidst a scorching summer, packaged dairy-based beverages like buttermilk, lassi, haldi doodh, and flavoured milk are witnessing high double-digit growth. This surge in demand comes as health-conscious Indian consumers increasingly…