Tag: investments

T.N. government looks at developing GCCs in fintech space in Coimbatore, Chennai

September 25, 2026 admin

The Tamil Nadu government has announced setting up of a fintech hub in Coimbatore at ₹400 crore and Chennai and Coimbatore have the potential to emerge as major centres for Global Capability Centres (GCCs) in the fintech space, said S. Vijayakumar, Additional Chief Secretary, Industries, Investment, Promotion and Commerce Department, Tamil Nadu government. Addressing through…

Nation

T.N. government looks at developing GCCs in fintech space in Coimbatore, Chennai

September 25, 2026 admin

Business

German, European industries study possibilities of shifting part of production bases to other countries

September 19, 2026 admin

Many German engineering companies are considering shifting a part of their production to other bases, including their research and development facilities. Ing.Timo Wurz, Managing Director (Metallurgy and Thermprocessing) of VDMA, told The Hindu recently that not all companies can look at investments in other countries. Thus, while some are able to cope with the current challenges, there…

Business

Foundries in Coimbatore register 20% growth amid rising demand

September 8, 2026 admin

Investments in automation in foundries is on the rise in Coimbatore district in September 2026. | Photo Credit: FILE PHOTO PERIASAMY M The foundry industry in Coimbatore saw 20 % growth in the last one year with robust orders, said Jayakumar Ramdass, chairman – Inter Foundry and Inter Diecast event and Managing Director of Mahendra…

Business

Cohance Lifesciences investing $18 million in NJ Bio, Aruka Bio to sharpen focus on ADC

September 4, 2026 admin

Cohance Lifesciences investing million in NJ Bio, Aruka Bio to sharpen focus on ADC

Contract research, development and manufacturing organisation Cohance Lifesciences, formerly Suven Pharmaceuticals, is strengthening its antibody-drug conjugate (ADC) strategy with fresh investments in two biotechnology companies. It is investing an additional $13 million in NJ Bio and making a controlling investment of $5 million in Aruka Bio, expanding its capabilities and presence in the growing ADC…

Business

Denmark’s Novonesis to invest ₹6,660 crore in Maharashtra facility expansion

September 2, 2026 admin

Krishna Mohan Puvvada, Regional President – Middle East, India and Africa | Photo Credit: The Hindu Danish biosolutions company Novonesis has announced an investment of ₹6,660 crore (€600 million) to expand its facility at Patalganga in Maharashtra and establish an advanced enzyme production facility. The expansion is aimed at increasing the company’s production capacity to…

Business

JSW Group in talks with SAIC of China to increase stake in JV

August 26, 2026 admin

The Sajjan Jindal-led JSW Group is in talks with China’s SAIC Motor to increase its stake in their joint venture, JSW MG Motor India, as the group looks to expand its presence in the Indian automobile sector. “We are talking to them, so it’s between shareholders right now. Again, I won’t comment on how much…

Business

High Income Group: ‘The Budget is a study in contrasts’

February 2, 2026 admin

Ranjit K. Jain | Photo Credit: Special Arrangement Name: Ranjit K. Jain Profession: Distributors and channel partners Number of family members: 4 Annual Income: ₹30 lakh For a family in the ₹30-lakh income bracket, the Union Budget is a study in contrasts. While it delivers a major victory for our global aspirations, it remains stubbornly…

Business