Pegatron Expands India Presence with New 5G Manufacturing Plant in Chennai
Taiwan-based electronics giant Pegatron, one of Apple’s key manufacturing partners, is expanding its operations in India by setting up a new factory in Chennai dedicated to producing 5G small cells.…
RBI’s Big Liberalisation Push Brings Growth, But with Caution
The Reserve Bank of India (RBI) has rolled out a series of sweeping reforms in the first week of October, signalling a major push towards liberalising India’s banking and financial…
Orkla India Eyes $1 Billion IPO Valuation; Launch Likely by November
Orkla India Limited, the Indian arm of Norwegian industrial group Orkla ASA and the parent company of MTR Foods, Eastern Condiments, and Rasoi Magic, is gearing up for its much-awaited…
Zen Technologies wins ₹37-crore order from Defence Ministry for anti-drone systems
Defence training and simulation technology company Zen Technologies Ltd has received a new order worth approximately ₹37 crore from the Ministry of Defence (MoD) for the supply of indigenous anti-drone…
RBI Announces New Portfolio Allocation Among Deputy Governors
The Reserve Bank of India (RBI) has announced a fresh restructuring of portfolios among its deputy governors following the appointment of Shirish Chandra Murmu as the new deputy governor. The…
Silver ETFs Soar as Prices Hit All-Time Highs
Silver is back in the spotlight. On October 9, the white metal breached the $50-an-ounce mark for the first time, touching $51.30 before easing slightly. In India, domestic silver prices…
TCS Shares Slip After Modest Q2 Earnings and AI Venture Announcement
Tata Consultancy Services (TCS) shares were in focus on October 10 after the IT major reported a modest 1.4% year-on-year (YoY) rise in net profit for the September quarter. The…
Lupin Shares Jump 3 percent on $250 Million Florida Manufacturing Facility Plan
Lupin Ltd. shares surged nearly 3 percent in early trade on October 9 after the company announced plans to build a new state-of-the-art manufacturing facility in Coral Springs, Florida. At…
M&M Confirms No Plans to Demerge Auto and Tractor Businesses
M&M Dismisses Demerger Speculation Mahindra & Mahindra (M&M) clarified that it currently has no plans to separate its auto and tractor businesses into independent entities. The statement came following a…
LG Electronics India FY25 Profit Soars 46 percent Amid IPO Preparations
LG Electronics India (LGEI) posted a remarkable 45.8 percent year-on-year rise in profit, reaching ₹2,203.35 crore for FY25. Revenue from operations grew 14.1 percent to ₹24,366.64 crore, according to the…
