 "Cognizant reveals plans for a major tech hub in GIFT City, promising 2,000 jobs and boosting India’s financial technology landscape.")
Cognizant, a leading global technology firm, is set to open a new techfin centre in Gujarat International Finance Tec-City (GIFT City) in February 2025. This strategic hub will initially support 500 associates, with plans to increase its workforce to 2,000 within three years. The centre will focus on delivering advanced technology solutions for clients in ...
Gujarat’s Banaskantha MP Geniben Thakor has voiced concerns about the ongoing demolition drive near the Somnath temple, which is part of a project to clear illegal structures in the area. While she supports removing encroachments at holy sites, Thakor emphasized the need to address the impact on small traders who depend on their businesses for ...
 "GE Aerospace plans to significantly boost sourcing from India amidst rising aviation demand, but global supply chain challenges remain.")
GE Aerospace is significantly increasing its sourcing of components from India, a rapidly growing aviation Market. With a manufacturing facility in Pune and additional operations in Bengaluru, the company currently works with 13 suppliers, including Tata Advanced Systems Ltd. Vikram Rai, CEO of GE Aerospace South Asia, noted that sourcing has surged by 20 times ...
 "Former Haryana CM Bhupinder Hooda plans a comeback, eyeing chief ministerial post amidst fierce party rivalries and BJP struggles.")
Former Haryana Chief Minister Bhupinder Hooda has announced his intention to compete for the chief ministerial position in the upcoming Assembly elections, emphasizing that he is neither tired nor retired. Having led Haryana from 2005 to 2014, Hooda remains a key figure in the Congress party, especially among the Jat community, which forms a significant ...
 "Tokyo Electron plans to hire 10,000 globally, focusing on India to capitalize on semiconductor growth amidst geopolitical tensions.")
Tokyo Electron Ltd., Japan’s leading chip equipment manufacturer, is planning to hire 10,000 new employees globally over the next five years, with a focus on recruiting engineers in India. This move aligns with the Indian government’s initiative to boost semiconductor manufacturing. The company aims to train local engineers to provide technical support to Tata Electronics, ...
 "Reliance Power plans to raise ₹1,524.60 crore through a preferential issue, bolstering its net worth and expanding operations.")
Reliance Power is looking to raise Rs 1,524.60 crore through a preferential issue, pending shareholder approval. The company plans to issue up to 46.20 crore equity shares and convertible warrants at Rs 33 each. This move aims to boost its net worth from Rs 11,155 crore to over Rs 12,680 crore. The board’s decision, made ...
 "In a dramatic move, the US plans to ban Chinese and Russian vehicle technology, citing cybersecurity risks and protectionism.")
The US Commerce Department plans to announce new rules banning Chinese and Russian software and hardware in connected vehicles, aimed at enhancing cybersecurity. This move follows concerns about hacking risks associated with smart cars, which rely on internet connectivity. The proposed restrictions, stemming from a cybersecurity investigation launched by President Biden, focus on automated driving ...
 "Samsung’s Indian unit escalates tensions, suing striking workers for higher wages, while protests threaten Prime Minister Modi’s investment plans.")
Samsung’s Indian unit has filed a lawsuit against the members of a labor union behind a strike now entering its 11th day at its appliance plant in Tamil Nadu. The company is seeking a temporary injunction to stop union activities that they claim could disrupt operations and threaten worker safety. Since September 9, over 1,000 ...
 "Hero MotoCorp plans to launch VIDA V1 electric scooters in Europe, seizing opportunities amid changing trade dynamics and growing EV demand.")
Hero MotoCorp is poised to expand into developed markets, launching its VIDA V1 electric scooters in the UK, France, and Spain by mid-2025. This marks the company’s first entry into these European regions, aiming to meet the increasing demand for electric vehicles. The launch aligns with ongoing discussions for a free trade agreement between India ...
 "IRB Infrastructure Investment Trust plans ₹2,667 crore debt refinancing to eliminate external liabilities, enhancing financial stability amid mixed earnings performance.")
IRB Infrastructure Investment Trust (InVIT) is set to raise Rs 2,667 crore through term loans to refinance existing debt, aiming to eliminate external debt for its six Special Purpose Vehicles (SPVs). This move will extend the loan duration and lower financing costs. Currently, InVIT manages road assets across several states, including Karnataka and Rajasthan. Although ...
