Government Passes Investments Worth Rs. 86,824 Crore for Electronics

The Indian government’s electronics and IT ministry has approved a total of 314 applications with proposed investments of Rs. 86,824 crore under a modified special incentive package scheme till May 31, an official note said. The proposals that were approved in May included an investment of Rs. 596 crore from Bosch Automotive Electronics Private Limited, […]

Noise Expects to Make Its Revenue Double to Rs. 2,000 Crore in Current Year

Wearable and hearable device maker Noise expects to more than double its revenue in the current financial year to Rs. 2,000 crore, a top official of the company said on Friday. Noise co-founder Gaurav Khatri told PTI that the company had recorded revenue of over Rs. 850 crore in the financial year 2021. “We closed […]

Zomato to Acquire Blinkit’s Blink Commerce in Rs. 4,447 Crore Deal

Online food delivery platform Zomato on Friday said it will acquire Blink Commerce (formerly known as Grofers India) for a total purchase consideration of Rs 4,447.48 crore in a share swap deal.The company’s board at a meeting held on Friday has approved acquisition of up to 33,018 equity shares of Blink Commerce from its shareholders for […]

Reliance Jio, Airtel, Vi Said to Buy Spectrum Worth Rs. 71,000 Crore

The three private telecom operators — Reliance Jio, Bharti Airtel and Vodafone Idea — are expected to buy spectrum worth Rs. 71,000 crore in the upcoming 5G auction, leaving a vast majority of the radiowaves going under the hammer unsold, according to research firm IIFL Securities. The government will next month auction about Rs. 4.3 […]

Okinawa Says to Invest Rs. 500 Crore to Set Up EV Manufacturing Plant

Electric two-wheeler maker Okinawa Autotech on Wednesday said it will invest Rs. 500 crore to set up a new manufacturing plant at Karoli in Rajasthan. Spread across 30 acres of land, the factory will have an annual production capacity of 10 lakh units and will be fully operational from October 2023, Okinawa Autotech said in […]

Vodafone Idea Board to Consider Raising Funds Worth Rs. 500 Crore: Details

Telecom operator Vodafone Idea’s Board of Directors will meet on Wednesday to consider a proposal for raising funds aggregating up to Rs. 500 crore, by way of issuance of equity shares or convertible warrants on a preferential basis to one or more entities belonging to Vodafone Group, it said in a regulatory filing to the […]

Maharshtra to Launch Rs. 200 Crore Fund for Women-Led Deep Tech Startups 

Maharashtra will launch a Rs.200 crore fund to invest in deep tech startups from the state, which are preferably led by women and socially relevant, a senior official said on Friday. The “Maharashtra Innovation and Technological Development Fund” will be a Rs.200 crore corpus for early-stage startups in the state, Manisha Verma, the principal secretary […]

Mitsubishi Electric to Invest Rs. 220 Crore for New Unit in Maharashtra

Mitsubishi Electric on Tuesday said it will invest about Rs. 220 crore in its Indian subsidiary to set up a new factory in Maharashtra. The new factory will be set up near Pune in Maharashtra. Its subsidiary Mitsubishi Electric India will manufacture inverters and other factory automation (FA) control system products, said a statement from […]

Indian Data Centres to Get Up to 1.2 Lakh Crore Investment by 2027: Report

 Data centres capacity expansion in India by both foreign and local firms is expected to add investments to the tune of Rs 1.05 lakh to 1.2 lakh crore over the period of next five years, credit rating agency ICRA said on Tuesday. The Indian data centres market is witnessing a healthy growth primarily driven by […]

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