Rockwell Automation, expanding beyond software and IT, is establishing a Chennai manufacturing hub. The two-phase factory, starting production in May 2024, will initially focus on the semiconductor sector and later on data centers. This move aligns with India’s goal of…
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However, it also added that despite localisation efforts, there is a persisting reliance on foreign components and finished products, especially in the premium segment.
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Mondelez International, the owner of Cadbury, is considering acquiring Hershey, potentially creating a confectionery giant. Hershey’s shares surged 17% following the news of the preliminary approach, while Mondelez’s dipped about 4%. This isn’t Mondelez’s first attempt; a $23 billion bid…
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Reliance Industries is discussing a potential $3 billion loan with banks to refinance debt due in 2025. This move would mark the conglomerate’s return to offshore borrowing since raising over $8 billion in 2023. The loan comes as the Indian…
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Outgoing RBI Governor Shaktikanta Das Highlights Restoring Inflation-Growth Balance, Cybersecurity, and Geopolitical Risks as Key Priorities for Central Bank in Future.
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Lenskart is investing Rs 1500 crore to build the world’s largest eyewear manufacturing facility in Telangana, India. The factory at Fab City will produce eyewear and accessories for domestic and international markets, creating about 2100 jobs. Telangana was chosen for…
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