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Business

Foxconn proposes to set up Rs 8,800 crore manufacturing plant in Karnataka

Foxconn, a major iPhone assembler for Apple, has proposed to set up a Rs 8,800 crore supplementary plant to that of the unit at Devanahalli Information Technology Investment Region (ITIR) in Karnataka, the state's Large and Medium Industries Minister M B Patil said on Monday.

 


Inflation rises to 4.8 pc in Jun; factory output expands


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Rahul Gandhi alleges PM Modi wants LDF to win Assembly elections in Kerala




Govt drops plans to levy TCS on overseas credit card spends

New Delhi: The government on Wednesday dropped plans to levy TCS on overseas payments made through international credit cards and said such expenses will be included in the Liberalised Remittance Scheme (LRS) of the RBI.

 

Google investing USD 10 billion in India's digitisation fund: Pichai tells PM Modi

Internet giant Google is investing USD 10 billion in India's digitisation fund, its CEO Sundar Pichai has told Prime Minister Narendra Modi, a step that will recognise India's leadership on fintech and will support small and large businesses in India, the US and around the world.

 

RBI opts for pause 2nd time in a row; keeps repo rate unchanged at 6.5%

The Reserve Bank of India on Thursday opted for a pause second time in a row, maintaining key benchmark policy rate at 6.5 per cent as inflation moderates.

 

Govt asks retailers not to insist on mobile number of customers for providing services

The Consumer Affairs Ministry has issued an advisory directing retailers not to insist on the personal contact details of customers for delivering certain services, Consumer Affairs Secretary Rohit Kumar Singh said on Tuesday.

Musk says he's not stepping down as Tesla CEO, tells shareholders the company will advertise

Elon Musk on Tuesday dismissed speculation that he might step down as Tesla's CEO and told the company's annual shareholders meeting that the the electric car and solar panel company would start doing some advertising.

 

Elon Musk says he's found a new CEO for Twitter, a woman who will start in 6 weeks

Elon Musk said Thursday he has found a new CEO for Twitter, or X Corp. As it's now called. He did not name the person but she will be starting in about six weeks. Musk, who bought Twitter last fall and has been running it since, has been insisting he is not the company's permanent CEO. The Tesla billionaire said in a tweet Thursday that his role will transition to being Twitter's executive chairman and chief technology officer.

 

Adani Ports and Special Economic Zone sells Myanmar Port for USD 30 million

Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday said it has concluded the Myanmar Port sale for a total consideration of USD 30 million. In May 2022, APSEZ had announced signing of a Share Purchase Agreement (SPA) for the sale of its Myanmar Port. The SPA had certain Condition Precedents (CPs), including completion of the project and relevant approvals for smooth conduct of business by the buyer.

ED raids Manappuram Finance premises in Kerala on money laundering charges

The Enforcement Directorate on Wednesday conducted searches at multiple premises linked to non-banking finance company Manappuram Finance in Kerala as part of a money laundering investigation against it, official sources said.

 

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