Thursday, February 6

Tag: Indian companies

Tata Electronics ups hiring in Hosur iPhone hub; to add around 35,000 more | Company News
14Apr By adminNo Comments
Business

Tata Electronics ups hiring in Hosur iPhone hub; to add around 35,000 more | Company News

3 min read Last Updated : Apr 14 2024 | 6:00 PM IST Tata Electronics is gearing up for a massive expansion in its iPhone assembly hub at Koothanapalli near Hosur in Tamil Nadu. If sources are to be believed, the company is set to increase its employee strength in the unit by 175 per cent to 55,000 as part of the expansion plans. This is compared to around 20,000 employees that the company has in Hosur. The company did not respond to questions from Business Standard in this regard. This comes close on the heels of reports that the Tata Group company is in talks with Pegatron to acquire its unit near Chennai. It also acquired Wistron's domestic operations in November last year for $125 million, becoming the first Indian company to manufacture iPhones. Both Wistron and Pegatron...
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Reliance Industries and earnings optimism propel markets to new peaks | News on Markets
8Apr By adminNo Comments
Business

Reliance Industries and earnings optimism propel markets to new peaks | News on Markets

Gains in Reliance Industries (RIL), automotive (auto) majors, and earnings optimism propelled the benchmark Sensex to new highs for a third consecutive day. Meanwhile, the Nifty finised at a new high for a second time in three days.  The S&P BSE Sensex ended the session at 74,743, marking a gain of 494 points, or 0.7 per cent, while the National Stock Exchange Nifty concluded at 22,666, up by 153 points, or 0.7 per cent. RIL, which saw a rise of 1.75 per cent, contributed the most to the gains in both the Sensex and Nifty, followed by Larsen & Toubro, which increased by 1.9 per cent, and Mahindra & Mahindra, which rose by 3.2 per cent. Analysts attribute the bullish sentiment in domestic equity markets to robust purchasing managers’ index numbers an...
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Apple debut, Adani’s resilience, X’s evolution
24Dec By adminNo Comments
Business

Apple debut, Adani’s resilience, X’s evolution

In 2023, India witnessed significant milestones in its business landscape. The year marked the arrival of the country's first Apple Store, a symbol of the growing tech appetite among Indian consumers. Meanwhile, Adani Group faced and overcame the turbulence caused by the Hindenburg research report. Additionally, Twitter underwent a major transformation, redefining social media dynamics in the country. Amidst these developments, artificial intelligence (AI) emerged as a pivotal force, influencing various sectors and driving innovation. Below is a glimpse of these defining moments in India's business journey in 2023: The coveted fruit: Over two decades after Apple opened its first store, India got a double serving of the tech giant’s physical outlet — one each in Mumbai (pictured...
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Govt may relook at allowing Indian companies to list overseas: FM
11Sep By adminNo Comments
Business

Govt may relook at allowing Indian companies to list overseas: FM

India may reconsider allowing local firms to list on foreign exchanges, Finance Minister Nirmala Sitharaman said on Monday, signalling New Delhi could revive a plan put on hold due to domestic opposition and tax concerns. Under current regulations, Indian firms are not allowed to list directly on overseas exchanges. They can only list on foreign exchanges through instruments such as depository receipts. The plan to allow direct overseas listing of Indian firms was first announced in 2020, but was shelved following concerns around tax losses and opposition from a faction of the ruling party, which feared less Indian regulatory oversight of domestic firms that list abroad. Sitharaman was speaking at a joint press conference with British Finance Minister Jeremy Hu...
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Indian companies to soon directly list on IFSC bourses: FM Sitharaman
28Jul By adminNo Comments
Business

Indian companies to soon directly list on IFSC bourses: FM Sitharaman

Indian companies, both listed and unlisted, will soon be able to list their shares directly on the exchanges at the International Financial Services Centre (IFSC) in Gujarat, Finance Minister Nirmala Sitharaman said on Friday.   The move will enable “start-ups and companies of like nature to access the global market through GIFT IFSC”, Sitharaman said. “This will also facilitate access to global capital and result in better valuation for Indian companies,” she added. The finance minister was speaking at the launch of the Corporate Debt Market Development Fund (CDMDF) and AMC Repo Clearing Limited (ARCL) in Mumbai. The announcement came as a follow-up to an earlier decision by the government to allow direct listing of Indian companies in foreign jurisdict...
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