Buyer App Launched by L&T-SuFin
L&T-SuFin, India’s leading digital B2B marketplace for industrial and construction products and services, has launched the L&T-SuFin Buyer App, a convenient and efficient solution for businesses to source their industrial supplies. L&T-SuFin Buyer App: A Digital Platform for Industrial Supplies L&T-SuFin, India’s leading integrated digital B2B marketplace for industrial and construction products and services, has […]
L&T Secures Onshore Project from IndianOil Adani Ventures
Larsen & Toubro (L&T) has bagged a large onshore project from IndianOil Adani Ventures Ltd (IOAVL) for its hydrocarbon business. The project involves engineering, procurement, construction, and commissioning of offsite tankages, bullets and other associated facilities on lump sum turnkey basis. L&T’s Hydrocarbon Business L&T’s hydrocarbon business, also known as L&T Energy Hydrocarbon (LTEH), offers […]
Tata and Pegatron Discuss iPhone Assembly in Tamil Nadu
Tata Group, one of India’s largest conglomerates, is in advanced talks with Taiwan’s Pegatron, one of Apple’s contract manufacturers, to form a partnership for the iPhone assembly plant that Tata is building in the southern state of Tamil Nadu, according to two sources with direct knowledge of the matter. Background Tata is building the iPhone […]
Government and Industry: PLI Schemes in Focus
The Production Linked Incentive (PLI) schemes are a key initiative of the Indian government to boost domestic manufacturing and exports in various sectors. The schemes aim to create national manufacturing champions, generate employment, enhance innovation and reduce import dependence. Here are some of the highlights of the PLI schemes and their impact on the economy. […]
Ambani: No.2 Globally in 2024 Brand Guardianship Index
Mukesh Ambani, the chairman and managing director of Reliance Industries Ltd, has been ranked as the top Indian and second globally in the Brand Guardianship Index 2024 compiled by Brand Finance. The index recognises CEOs who effectively build business value while considering the interests of all stakeholders, including employees, investors, and society at large. Ambani […]
Adani’s USD 1.2 Bn Copper Plant to Boost India’s Metal Production
India is set to witness a surge in its domestic copper production as the Adani Group is building the world’s largest single-location copper manufacturing plant at Mundra in Gujarat. The plant will help reduce India’s dependence on imports and support the country’s energy transition. Why is copper important for India? Copper is the third most […]
SpiceJet to Connect More Tourist Places Post Ayodhya
SpiceJet, one of India’s leading low-cost airlines, has announced its plans to connect more tourist and religious places in the country, following the launch of its flights to Ayodhya, the holy city of Lord Rama. Ayodhya flights On February 1, 2024, SpiceJet inaugurated its direct flight service connecting Ayodhya with eight cities: Delhi, Chennai, Ahmedabad, […]
IKEA’s Next Investment Phase in India
IKEA, the Swedish furniture retailer, is looking at the next round of investment in India after fulfilling its commitment of Rs 10,500 crore when it entered the country 10 years back, according to the company’s India CEO Susanne Pulverer. The company, which kicked off its retail operations in India with the opening of its first […]
SIAC Dismisses Sony’s Petition Against Zee
The Singapore International Arbitration Centre (SIAC) has rejected the emergency arbitration petition filed by Sony Group against Zee Entertainment Enterprises over their failed merger, citing lack of jurisdiction. The petition was filed after Sony terminated the merger agreement that would have created a $10 billion entertainment giant in India. Background of the merger Sony Pictures […]
Tata Steel Pledges GBP 130-mn for UK Steel Workers
Tata Steel, the largest steel producer in the UK, has pledged to invest GBP 130 million in a fund to support its workers who will be affected by the restructuring of its operations in Port Talbot, Wales. The fund is part of a deal with the UK government, which will provide up to GBP 500 […]