The Central Government has given approval for three semiconductor units. The demand for semiconductors has increased rapidly in the last few years. Due to less number of companies manufacturing it, it is becoming difficult to meet the demand. Construction of three semiconductor units in the country will start soon. Communications, Electronics and Information Technology Minister…
Honda Motorcycle and Scooter India (HMSI), one of the largest two-wheeler companies, has seen its February sales increase by 86 percent on a year-on-year basis. Last month the company sold 4,85,711 units. In the same month last year, these sales were 2,47,195 units. The company said that its wholesales in the country have been 4,13,967…
Bharti Airtel, one of the big telecom companies, may soon buy the direct-to-home (DTH) business of Tata Play. Talks are going on between the two companies for this. However, Tata Play’s DTH service is running in loss. By purchasing this business, Bharti Airtel’s presence in the digital TV segment will increase. The company is facing…
Tata Motors, one of the big automobile companies, plans to set up a factory in Tamil Nadu. In this factory, luxury cars will be manufactured under the Jaguar Land Rover (JLR) brand. JLR sales in India have increased by 81 percent in the last financial year. A Reuters report states that an investment of one…
April sales of Honda Motorcycle and Scooter India (HMSI), one of the largest two-wheeler companies, have increased by 45 percent on a year-on-year basis. Last month the company’s sales stood at 5,41,946 units. This includes sales of 4,81,046 units in the country and export of 60,900 units. Last month the company also crossed sales of…
The world’s richest person Elon Musk has sold shares worth at least $3.95 billion in electric car maker Tesla just days after buying Twitter. Musk is the Chief Executive Officer of this company. He said in August that he would sell Tesla shares only if he was forced to buy Twitter. In the regulatory filing…
Caller ID verification app Truecaller on Thursday announced the launch of its first exclusive office outside Sweden in Bengaluru. The company said that it will use this office to develop special features for India. This company, headquartered in Stockholm, Sweden, started its business in India about a decade ago. Truecaller’s office was inaugurated virtually by…
Tata Group, which is involved in business ranging from automobile to software, has planned to invest two billion dollars (about Rs 16,500 crore) in its super app Tata Neu to expand digital business. This will help Tata Group to strengthen its digital business, overcome technical shortcomings and meet new spending needs. of Bloomberg News Report…
Honda Motorcycle & Scooter (HMSI), one of the largest two-wheeler companies, saw its wholesales in the country increase by nearly 45 percent year-on-year to 4,50,589 units in May. In the same month last year, the company’s sales were 3,11,144 units. The company’s exports have increased by 127 percent in May. Earlier this year, HMSI had…
In the last few months, a large number of workers have been laid off in the information technology sector. Microsoft, one of the big IT companies, has laid off more than 1,000 workers from its Mixed Reality unit. This unit is connected to the HoloLens 2 augmented reality headset. One of The Information Report It…