TSMC’s $265 Billion Campus Is Driving a Real Estate Boom in the Phoenix Suburbs
The world’s biggest chipmaker is pulling in suppliers, home builders and Taiwanese investors who have seen firsthand how the company can change a local economy.
Companies
The latest companies stories, updated through the day.
Solar module cos seek more time to comply with local sourcing
Solar module manufacturers in India are raising concerns about the local availability of cells for production. They have requested an extension of the sourcing deadline beyond January 2024 to address these issues. The Renewable Energy Manufacturers Association has highlighted a significant gap betwe…
Mass brands give liquor companies a hangover
"It is difficult to pinpoint the reasons for the slowdown, even in states such as Uttar Pradesh which had recorded strong growth earlier," said Amar Sinha, managing director of Allied Blenders and Distillers (ABD), maker of Officer's Choice whisky. There are "no clear factors explaining the weakness…
Hinduja's Gulf Oil scouts acquisitions in Asia, South America ahead of global listing
Hinduja Group-owned Gulf Oil Lubricants plans to re-enter Mexico and the US in 2027 as it accelerates overseas expansion and scouts acquisitions in South America and Southeast Asia. The group is also considering a global listing of Gulf Oil International in three to five years, while expanding manuf…
Andhra Pradesh beats Tamil Nadu to win Rs 1,614 crore investment from three Hyundai, Kia suppliers
Three South Korean automotive component manufacturers have committed to invest ₹1,614 crore in Anantapur, Andhra Pradesh. Hwashin, Seoyon, and Iwamet have signed MoUs with the state government for setting up facilities. The investments follow Andhra Pradesh's proactive efforts to attract global manu…
AB InBev sets aside $30 million for unpaid Telangana dues as delayed payments squeeze brewers
Anheuser-Busch InBev has earmarked $30 million for overdue payments from the Telangana government. This situation highlights the challenges in India's controlled alcohol market, characterized by delayed payments. Furthermore, the Telangana government owes nearly $400 million to alcohol companies, pr…
Parliamentary panel to review media laws across print, TV and digital platforms
The parliamentary panel on Communications and IT will examine the implementation of laws governing print, television and digital media as part of its 2026-27 review of the Information and Broadcasting Ministry. Its agenda also covers OTT platforms, Prasar Bharati, film regulation and television rati…
India’s medicine sales grow in double digits for four straight quarters, led by chronic care drugs
Over the past four quarters, India's medicine sales have increased significantly due to rising demand in chronic care segments. The growth rate reached 12% year-on-year in the September quarter, showing a positive trend in the industry. Larger pharmaceutical companies have benefited from the shutdow…
Maxop Engineering buys majority stake in Faith Automation
Faith manages every stage of a project, from process planning and mechanical design through robot programming, system integration and on-site commissioning. It has revenues of around Rs 300 crore. Its clients include Honda, Mahindra & Mahindra and Stellantis. The company's founding team led by Niles…
DGCA mandates two pilots on Char Dham helicopter flights, 11 operators threaten to suspend services
The Directorate General of Civil Aviation has mandated the use of two pilots for Char Dham helicopter services. This requirement comes after a recent helicopter crash in Uttarakhand resulted in multiple fatalities. Operators are protesting this new rule, citing increased costs and potential service…
Digi Yatra trials for international passengers begin at seven airports, wider rollout likely in 2027
Trials for the Digi Yatra facility have commenced at seven airports across India for international passengers. This service is available on a trial basis for Indian nationals with e-passports. It will initially operate on select international flights by Air India and IndiGo. Digi Yatra utilizes faci…
Diesel sales surged 11.7%, petrol 3.1% in October
Diesel sales experienced an 11.7% year-on-year increase in October due to heightened economic activity. Petrol sales, on the other hand, increased by only 3.1% during the same month. LPG sales continued to decline significantly, dropping 12.1% year-on-year as supplies tightened. Aviation turbine fue…