 "Tata Group’s ambitious expansion in Tamil Nadu creates 20,000 new jobs, revolutionizing local industry with state-of-the-art factories.")
Tata Group is expanding its presence in Tamil Nadu by investing in major manufacturing units, including a new iPhone assembly plant in Hosur. Chairman N Chandrasekaran announced plans to hire over 20,000 people, doubling the workforce to 40,000 at this facility. In the past three years, Tata has invested significantly in electronics and automotive sectors, ...
 "Intel shares surged on takeover talks with Qualcomm, sparking hopes for a transformative deal in the struggling chip industry.")
Intel Corp. shares surged following reports from the Wall Street Journal that Qualcomm Inc. has approached Intel for a potential takeover, which could set a record for the semiconductor industry. Although discussions are ongoing, a deal is far from certain. Intel’s stock rose 3.4% to $21.87 but remains down 56% for the year, reflecting ongoing ...
 "Amrut Distilleries launches Bella, a groundbreaking jaggery-distilled rum, celebrating 75 years of innovation in India’s alcobev industry.")
Amrut Distilleries, the Bengaluru-based alcobev leader, has launched Bella, a unique single rum distilled from nutrient-rich jaggery sourced from the Western Ghats and Mandya, Karnataka. This smooth rum has been aged for six years in ex-bourbon barrels, showcasing flavors of coconut, vanilla, and a hint of citrus, culminating in a sweet almond finish. Priced at ...
 "B L Kamdhenu Farms partners with DeLaval, investing ₹1,500 crore to revolutionize India’s dairy industry and promote sustainability.")
B L Kamdhenu Farms Ltd has entered a major partnership with Swedish company DeLaval, investing around Rs 1,500 crore in the dairy sector. This collaboration was announced during World Food India 2024 and aims to promote a zero-waste economy and long-term sustainability in dairy farming. The initiative focuses on enhancing cattle breeding and dairy technology ...
 "BSNL defied industry trends, gaining 2.9 million subscribers in July amid rivals’ tariff hikes, marking a dramatic turnaround.")
In July, state-owned telecom company BSNL experienced a significant turnaround, adding 2.9 million subscribers after private rivals increased their tariffs. This surge came after BSNL had lost 0.74 million users in June. Major players like Reliance Jio, Bharti Airtel, and Vodafone Idea raised their prices just days earlier, resulting in subscriber losses for all three. ...
 "Cisco’s dramatic layoffs of 5,600 employees highlight a tumultuous industry shift towards AI and restructuring for future growth.")
Cisco, a major US technology company, has announced significant job cuts, laying off around 5,600 employees, which is about 7 percent of its workforce. This comes as part of its strategy to manage costs amid decreasing demand, following earlier layoffs of 4,000 workers earlier in the year. The company is shifting its focus towards investments ...
 "Tata’s Chairman N Chandrasekaran reveals a bold transformation towards green energy and AI, amidst job cuts and industry challenges.")
N Chandrasekaran, the Chairman of Tata Group, revealed in a recent Financial Times interview that the company is undergoing significant changes to embrace new-age sectors like semiconductors, electronics, and renewable energy. He emphasized that these transitions, although challenging, are essential for preparing the group for the future. Tata Group is enhancing its online offerings and ...
 "India’s shipbuilding industry sees a potential boost as Japan and South Korea express interest in investments and collaboration.")
Union Minister of Ports, Shipping, and Waterways, Sarbananda Sonowal, announced that Japan and South Korea are interested in investing in India’s shipbuilding industry. This could lead to direct investments, joint ventures, and technology sharing, enhancing India’s capabilities in this sector. To further develop shipbuilding, the ministry plans to create multiple clusters with the help of ...
 "Union Minister K Rammohan Naidu pledges support for struggling SpiceJet amidst soaring demand in India’s airline industry.")
Union Minister K Rammohan Naidu has addressed the challenges faced by SpiceJet, emphasizing the government’s commitment to ensuring a balance in aviation operations amid rising demand in India. The airline is currently under increased scrutiny due to its financial and legal difficulties, with the Directorate General of Civil Aviation implementing enhanced surveillance measures. Naidu highlighted ...
 "Post-pandemic, investors have gained sophistication, boosting the wealth management industry, especially in India, as capital market participation surges.")
Shiv Gupta, the founder and CEO of Sanctum Wealth, shares insights on the evolving wealth management industry in the Asia-Pacific region. Following the pandemic, investors have become increasingly sophisticated, contributing to a rise in capital Market participation and risk-taking. Gupta highlights the tremendous growth of the wealth management sector, especially in India, which is emerging ...
