Hyundai, Kia Partner with Exide Energy for EV Batteries
South Korean auto giants Hyundai Motor Company and Kia Corporation are accelerating their electric vehicle (EV) ambitions in India. They recently signed a Memorandum of Understanding (MoU) with Exide Energy Solutions Ltd, a leading Indian battery manufacturer, to localize the production of Lithium-iron-phosphate (LFP) batteries specifically for their Indian EVs. This strategic move aligns perfectly […]
Adani Group Purchases 25 Acres from Finolex for Pune Data Hub
The Adani Group, a titan of Indian industry, has made a decisive move to solidify its presence in the burgeoning data center market. Through its subsidiary Terravista Developers, the Adani Group has acquired the leasehold rights to a substantial 25-acre land parcel in Pune’s Haveli locality. This strategic land acquisition, valued at approximately Rs 471 […]
Tata Electronics to Acquire Major Stake in iPhone Maker
Tata Electronics, the Indian arm of the Tata Group conglomerate, is reportedly in advanced talks to acquire a controlling stake in Pegatron, a major supplier of iPhones for Apple. This deal, if finalized, would mark a significant expansion for Tata Electronics within the Indian smartphone manufacturing industry and position it as a strategic player within […]
Finolex Unveils Eco-Friendly, Fire-Resistant Wires
Electrical fires pose a significant threat, often stemming from faulty wiring. In a commendable effort to tackle this issue while fostering environmental responsibility, Finolex Cables has introduced a groundbreaking product line – FinoGreen. This innovative range of wires prioritizes both fire safety and sustainability, making it a welcome addition to the electrical industry. FinoGreen: A […]
PlatinumRx Secures $800k Seed Funding from India Quotient
PlatinumRx, a Bangalore-based online pharmacy startup, is on a mission to transform medication access and affordability for all Indians. The company recently secured $800,000 in seed funding, led by venture capital firm India Quotient with angel investor participation. This financial boost will fuel PlatinumRx’s ambitious growth and expansion plans. Expanding Reach to Deliver Savings Nationwide […]
Hinduja’s IndusInd Takes 60% Stake in Invesco India
The Hinduja Group, a titan of Indian industry, has made a bold move to solidify its position within the nation’s financial services sector. Its subsidiary, IndusInd International Holdings Ltd (IIHL), recently announced the acquisition of a 60% stake in Invesco Asset Management India (IAMI) for an undisclosed sum. This strategic acquisition marks the Hinduja Group’s […]