Author: News Desk
The Indian government has decided to allow the work-from-home facility in special economic zones (SEZ). Commerce and Industry Minister Piyush Goyal has announced it adding that it would create more job opportunities in small cities and raise exports of services. The ministry has received requests from many quarters to allow work from home. In July 2022, the Commerce Ministry allowed work from home in SEZs for a maximum period of one year. It could be extended to 50 per cent of the total number of employees. The new rules will let IT/ITes sector employees in SEZ units, especially those who…
According to a government announcement , Rajeev Chandrasekhar, the Minister of State for Electronics and Information Technology (MeitY), will open India’s first lithium cell manufacturing facility in Tirupati, Andhra Pradesh, tomorrow. With a 165 crore rupee investment, Chennai-based Munoth Industries Limited established the plant. It is situated in one of the two electronics industrial clusters that Prime Minister Narendra Modi established in the temple town in 2015. The factory now has a 270 Mwh installed capacity and can generate 20,000 10Ah cells per day. According to the statement, these cells are employed in power banks and have a capacity that…
In our life, not a single day goes without us listening to some sort of music. It has become a part of our lifestyle. What if music heals your mind? Sisters Kamakshi and Vishala Khurana’s startup ‘The Sound Space’ puts this idea into practice through its music-linked modules and workshops. The carefully-crafted programmes are designed for both adults and children and aim to achieve inner balance and healing. The sisters are trained in both music and psychology. The Khurana sisters say they grew up in a home filled with music. Their father was a trained musician and sound healer. They…
Nokia introduces 4G feature phone ‘Nokia 5710 XpressAudio It has in-built wireless earbuds and a 1450mAh battery The model is priced at Rs 4,999 It offers hours of talk and playback time On standby, it will last for weeks The feature phone is available in white/red and black/red colour combinations Now, it is available on the company’s official website It will come across all online and offline stores from September 19
The much-awaited ‘Ferrari Purosangue’ is hereFerrari claims this as its first four-seat, four-door modelThe Italian manufacturer calls it a sports car on stiltsIt is reluctant to call the model an SUVFerrari Purosangue comes with a 6.5-litre V12Its deliveries in Europe will start in the first half of 2023India launch is expected at the end of 2023
DHL Supply Chain will invest 500-million Euro in India over the next five years To expand its warehousing capacity, workforce and sustainability initiatives It will add this 12-million square feet of capacity in wholly-owned DHL multi-client sites In key metro cities such as Bangalore, Chennai, Kolkata, Mumbai, NCR and Pune To cater to growing sectors, e-commerce, retail, consumer, manufacturing as well as automotive It also plans to double its workforce in India to around 25,000 people by 2026
With his group of enterprises surpassing those under the Tata umbrella to become India’s most valuable conglomerate, Gautam Adani’s hot run on Dalal Street continues. At Friday’s closing, the market value of the Adani Group’s whole portfolio of listed equities was Rs 22.27 trillion ($278 billion), surpassing that of Tata Group, which was valued at Rs 20.77 trillion ($260 billion). Reliance Group, which is run by Mukesh Ambani, is in third place with a market capitalization of Rs 17.16 trillion ($220 billion). The market capitalization of the Ahmedabad-based group includes the nine publicly traded companies in the group, beginning with…
According to data from the employment company Xpheno, Global Capability Centers (GCCs) plan to engage more than three million people in India by 2025. These captive centers, which MNCs manage to increase efficiency, provide back office and technical support services. These businesses use the GCCs as centers of excellence (COE). By the conclusion of this fiscal year, Xpheno estimates that the GCCs will have added between 180,000 and 200,000 net new employees at the present rate of expansion. On the other hand, it is anticipated that the overall number of employees in these captive units will quadruple by 2025 and…
The Adani family announced in a statement on Friday that the acquisition of Ambuja Cements Ltd. and ACC Ltd., which involved the purchase of Holcim’s share in Ambuja and ACC along with an open offer in both firms in accordance with Sebi laws, had been successfully completed. The deal was initially disclosed in May. The statement added that the $6.5 billion valuation of the Holcim interest and open offer consideration for Ambuja Cements and ACC makes this the largest acquisition by Adani and the largest M&A deal in India’s history in the infrastructure and materials sector. Adani will possess 63.15%…
Next month, the nation’s leading two-wheeler manufacturer, Hero MotoCorp, will introduce its first model to the domestic market, marking the company’s entry into the electric vehicle sector. A new age in mobility is about to begin, the business claimed in a regulatory filing, hinting at a Vida brand event on October 7, 2022. The two-wheeler industry leader has sent invitations to the event in Jaipur, Rajasthan, to its dealers, investors, and international distributors. Hero MotoCorp said in March of this year that it has established a USD 100 million (about Rs 760 crore) worldwide fund to support over 10,000 entrepreneurs…