Tata Group to acquire Wistron Unit to become first Indian iPhone maker
BENGALURU : The Taiwan-based Wistron Corp., a contract manufacturer for Apple Inc., will sell its India unit to the Tata Group for $125 million, making the salt-to-software conglomerate the first Indian iPhone-maker. The company
TCI orders for Two New Container Vessels
GURGAON : Transport Corporation of India Limited (TCI) has signed a contract with Nakanishi Shipbuilding Co. Ltd., Japan, to build two cellular container vessels of approximately 7,300 MT deadweight each. The total contract price is
Ashok Leyland expects 20% revenue from exports in 5 years : Dheeraj Hinduja
CHENNAI : Hinduja Group-owned commercial vehicles maker Ashok Leyland expects over one-fifth of its revenue to come from exports in the next five years, according to company’s Executive Chairman Dheeraj Hinduja. The thrust is
Kuehne+Nagel delivers a good performance in third quarter 2023
SCHINDELLEGI : The Kuehne+Nagel Group achieved good results in the months January to September 2023 in a market environment that remained challenging. The pandemic-related special economic situation of 2021 and 2022 continued to distort
JSW Infra in talks to buy SP Group arm Gopalpur Ports for Rs 3,000 crore
GOPALPUR : JSW Infrastructure is in talks to buy Shapoorji Pallonji’s (SP) ports arm, Gopalpur Ports, at an estimated enterprise value of 3,000 crore that includes the company’s debt, according to people familiar with
Mahindra Logistics reports standalone PAT of Rs 19 crore in Q2 FY24
MUMBAI : Mahindra Logistics Ltd on Monday reported 73 per cent growth year-on-year in standalone Profit After Tax (PAT) at Rs 19-crore in the September quarter of this fiscal. The company had posted a
Mumbai faces unprecedented business exodus as diamond tycoon relocates to Surat
SURAT : In a historic move that has left the corporate world in awe, billionaire diamond businessman Vallabh Lakhani, affectionately known as Vallabh Kaka, is set to bid adieu to the bustling streets of
APSEZ incorporates new Company Udanvat Leasing IFSC Ltd
GANDHINAGAR : Adani Ports and Special Economic Zone Limited (APSEZL) on Monday incorporated a wholly owned subsidiary company “Udanvat Leasing IFSC Limited” which is involved in the business of owning and leasing of aircrafts,