Category: Business

Business

Tata seals deal with Pegatron for iPhone plant in India’s Tamil Nadu, sources say

November 18, 2024 admin

Apple is increasingly looking to diversify its supply chain beyond China amid geopolitical tensions between Beijing and Washington. File | Photo Credit: Reuters India’s Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron’s only iPhone plant in India, forming a new joint venture that strengthens Tata’s position as an Apple…

Business

Sensex, Nifty decline in early trade as FPIs selling spree, IT stocks dampen market sentiment

November 18, 2024 admin

Bombay Stock Exchange (BSE). File. | Photo Credit: Reuters Equity benchmark indices declined in early trade on Monday, owing to relentless foreign fund outflows, selling in IT stocks and weak leads from the U.S. markets. The BSE benchmark Sensex declined 156.72 points to 77,423.59 in early trade. The NSE Nifty dipped 64.25 points to 23,468.45….

Business

Jairam Ramesh says no reason to celebrate increased women participation in workforce, highights wage fall and job quality deterioration

November 17, 2024 admin

Congress leader Jairam Ramesh. File | Photo Credit: PTI Accusing the Narendra Modi Government of ignoring the fine print of the women’s Labour Force Participation Ratio (LFPR), which as per the government’s statement from last month, increased from 27% in 2017-18 to 41.7% in 2023-24, Congress general secretary (communications) Jairam Ramesh pointed out that 84%…

Business

Failure to disclose foreign assets, income to invite ₹10L penalty: I-T dept

November 17, 2024 admin

Image used for representation | Photo Credit: Getty Images The Income-Tax Department on Sunday (November 17, 2024) cautioned taxpayers that failure to disclose assets held abroad or income earned in foreign shores in the ITR can attract a penalty of ₹10 lakh under the anti-black money law. Also Read: I-T Dept. has served notices in…

Business

Ground reality of unemployment in Delhi different from picture government data paints

November 17, 2024 admin

It is around 10 a.m. in the morning and Manoj Mandal, 38, and about 50 other people are still waiting for the day’s job at a labour chowk in Bhogal in central Delhi. “Kaam down chal raha he (There is less work). It’s already 10 and now chances are less that anyone will come here…

Business

Navrattan Group develops ‘eco-friendly’ cement

November 16, 2024 admin

Navrattan Group. Photo: Navrattan Group via Facebook Navrattan Group said it has developed Navrattan Green Crete, an eco-friendly sustainable cement aimed at reducing environmental impact. “The formulation Navrattan Green Crete exhibits superior air-curing properties, making it a robust choice for various construction projects. This technology allows developers to use 15% less Navrattan Green Crete compared with…

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Omega Seiki Mobility plans to introduce hydrogen-powered three wheelers

November 16, 2024 admin

Omega Seiki Mobility logo. Photo: Omega Seiki Mobility via Facebook Omega Seiki Mobility (OSM) which is into EVs has announced plans to produce hydrogen-powered three wheelers in India by the end of this financial year. “We have approached multiple state governments and authorities to set up pilot projects with deployment of 50 to 100 vehicles to…

Business

Indian coffee growers get a respite as EU Parliament grants more time for EUDR compliance

November 16, 2024 admin

Shade-grown coffee at a Coffee estate in Kodagu district (Coorg), Karnataka. File | Photo Credit: Murali Kumar K. Indian coffee industry has a sigh of relief as the EU Parliament just voted in favour of a proposal by the European Commission to delay the implementation of the EU Deforestation Regulation (EUDR) allowing coffee growers, exporters…

Business

QNu Labs plans geographical expansion

November 16, 2024 admin

QNu Labs, a quantum-safe cybersecurity company from India, has announced geographical expansion plans to provide its quantum cryptography solutions in the U.S. and other key markets. “By the end of 2024 financial year, we aim to firmly establish QNu Inc as a leading provider of quantum cryptography solutions in the U.S.,” said Rahil Patel, chief growth officer QNu Labs…

Business

Aditya Birla Group makes $20 bn investment as it sets eyes on scaling biz: K.M. Birla

November 16, 2024 admin

Aditya Birla Group makes bn investment as it sets eyes on scaling biz: K.M. Birla

Aditya Birla Group Chairman Kumar Mangalam Birla. | Photo Credit: PTI Aditya Birla Group has invested about $20 billion, mainly in manufacturing space, as it looks to be among the top two players across the segments it operates in, a top company official said on Saturday (November 16, 2024). Speaking at the Hindustan Times Leadership…

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