Subsidiary Operations In India
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CMF by Nothing Shifts Global Marketing Operations to India, New Jobs Listed on Company's Website
Nothing sub-brand CMF is relocating its global marketing operations to India. The company is actively hiring for various marketing roles, including project and PR managers, and social media producers, in Gurgaon. Nothing and CMF products are already being assembled in the country, and the company's co-founder said India is CMF's "most important mar...
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Xiaomi India President Muralikrishnan B Exits Firm, to Remain as Independent Strategic Advisor
Xiaomi India's Muralikrishnan B has stepped down as president of the company. He joined the firm in 2018 and was elevated president in 2022. He has since been instrumental in the expansion of the Chinese smartphone giant's Indian subsidiary, despite a brief setback when the company was investigated by government bodies for purported unlawful remitt...
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Jio Payment Solutions Gets RBI Nod to Operate as Online Payment Aggregator
India's Jio Payment Solutions, a wholly-owned subsidiary of billionaire Mukesh Ambani-led Reliance Group firm Jio Financial Services, has received the central bank's approval to operate as an online payment aggregator, Jio Financial said on Tuesday.
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Itel Flip One Feature Phone Set to Launch in India in September
Itel is all set to launch its Flip One phone in India next month. Before the full unveiling, Itel has disclosed a few details about the upcoming feature phone. The first flip-style keypad phone from the Transsion Holdings subsidiary is confirmed to come in three colourways with a leather back and portable design. The Itel Flip One will feature a no...
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Byju's In Process To Raise Rs 700 Crore To Fund Operations: Report
Edtech major Byju's is in process to raise Rs 600-700 crore to fund the company's operations till March by when it expects to realise money through the sale of Epic and partial stake sale in other subsidiaries, according to sources.
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Foxconn to Invest Over $1.5 Billion in India; Sent Chinese Engineers to Train Workers This Year: Reports
Apple supplier Foxconn will invest over $1.5 billion (roughly Rs. 12,500 crore) in India as the company looks to expand production of Apple's iPhone in the country, according to a report. The move comes a year after the Taiwanese firm's factories in China were severely impacted by the country's strict COVID-19 restrictions in 2022. The company also...
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ONDC Launches Academy to Educate Sellers and Network Participants
Government's initiative Open Network for Digital Commerce has collaborated with a subsidiary of the National Stock Exchange to launch an academy to provide information to sellers and network participants about simple ways to conduct e-commerce business. In the current phase, the ONDC Academy will provide learning content in text and video formats ...
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Banned Loan Websites, Apps Given 48 Hours to Prove Their Genuineness: MeitY
The IT ministry has given 48 hours to banned websites and apps to prove their genuineness, a senior government official said on Thursday. Another senior official from the ministry said the ban has been imposed on the platforms because their businesses were not genuine. The government last week ordered blocking of 232 apps operated by overseas ent...
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Jio Seeks to Deposit Rs. 3,720 Crore in Escrow Account to Acquire Reliance Infratel's Tower, Fibre Assets
Jio has proposed to deposit Rs 3,720 crore in an escrow account in order for the company to complete its acquisition of Reliance Infratel's tower and fibre assets. The company has stated that a delay in acquisition of the assets due to inter-creditor disputes will deteriorate the value of assets. The telecom operator placed a bid in November 2019 t...
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Google-Bharti Airtel Deal Gets Approval From CCI for Up to $1 Billion Investment
The Competition Commission of India (CCI) has approved Google's proposed acquisition of a minority stake in telecom major Bharti Airtel. Earlier in January this year, Google announced its plan to invest up to $1 billion (roughly Rs. 7,510 crore) in Airtel in a move that could help bolster the Indian telecom operator's digital offerings, the compani...
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Mitsubishi Electric to Invest Rs. 220 Crore to Set Up New Unit in Maharashtra’s Pune
Mitsubishi Electric will invest about Rs. 220 crore in its Indian subsidiary to set up a new factory in Maharashtra’s Pune. Mitsubishi Electric India will manufacture inverters and other factory automation (FA) control system products for the factory expected to start operations in December 2023.
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Jio-Subsidiary Asteria Aerospace Launches Drone Software Platform SkyDeck
Jio-subsidiary Asteria Aerospace, a drone manufacturer and solution provider in India, has launched its drone operations platform SkyDeck.
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Tesla To Set-up Operations In Bengaluru, Registers Indian Subsidiary
The American electric carmaker has registered its Indian subsidiary under the name 'Tesla India Motors and Energy Private Ltd.', and is reportedly in talks with the Karnataka government for a land parcel in Tumkur, on the outskirts of Bengaluru.
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Volkswagen Motorsport India & South Africa To Continue Local Operations
Following Volkswagen Motorsport GmbH's announcement to terminate all motorsport activities, the Indian and South African subsidiaries have confirmed that they will continue local operations supporting racing at a grassroots level.
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The Harmful Effects Of Styrene Gas, That Leaked From Vizag Plant
A chemical leak in a plant of LG Polymers India in Andhra Pradesh's Visakhapatnam district led to hospitalisation of 200 people and 11 deaths. 1,000 more people were affected by the gas leak from the plant left idle because of the coronavirus lockdown, according to senior police officer Swaroop Rani in Visakhapatnam. The plant, operated by LG Polym...
-
CMF by Nothing Shifts Global Marketing Operations to India, New Jobs Listed on Company's Website
Nothing sub-brand CMF is relocating its global marketing operations to India. The company is actively hiring for various marketing roles, including project and PR managers, and social media producers, in Gurgaon. Nothing and CMF products are already being assembled in the country, and the company's co-founder said India is CMF's "most important mar...
-
Xiaomi India President Muralikrishnan B Exits Firm, to Remain as Independent Strategic Advisor
Xiaomi India's Muralikrishnan B has stepped down as president of the company. He joined the firm in 2018 and was elevated president in 2022. He has since been instrumental in the expansion of the Chinese smartphone giant's Indian subsidiary, despite a brief setback when the company was investigated by government bodies for purported unlawful remitt...
-
Jio Payment Solutions Gets RBI Nod to Operate as Online Payment Aggregator
India's Jio Payment Solutions, a wholly-owned subsidiary of billionaire Mukesh Ambani-led Reliance Group firm Jio Financial Services, has received the central bank's approval to operate as an online payment aggregator, Jio Financial said on Tuesday.
-
Itel Flip One Feature Phone Set to Launch in India in September
Itel is all set to launch its Flip One phone in India next month. Before the full unveiling, Itel has disclosed a few details about the upcoming feature phone. The first flip-style keypad phone from the Transsion Holdings subsidiary is confirmed to come in three colourways with a leather back and portable design. The Itel Flip One will feature a no...
-
Byju's In Process To Raise Rs 700 Crore To Fund Operations: Report
Edtech major Byju's is in process to raise Rs 600-700 crore to fund the company's operations till March by when it expects to realise money through the sale of Epic and partial stake sale in other subsidiaries, according to sources.
-
Foxconn to Invest Over $1.5 Billion in India; Sent Chinese Engineers to Train Workers This Year: Reports
Apple supplier Foxconn will invest over $1.5 billion (roughly Rs. 12,500 crore) in India as the company looks to expand production of Apple's iPhone in the country, according to a report. The move comes a year after the Taiwanese firm's factories in China were severely impacted by the country's strict COVID-19 restrictions in 2022. The company also...
-
ONDC Launches Academy to Educate Sellers and Network Participants
Government's initiative Open Network for Digital Commerce has collaborated with a subsidiary of the National Stock Exchange to launch an academy to provide information to sellers and network participants about simple ways to conduct e-commerce business. In the current phase, the ONDC Academy will provide learning content in text and video formats ...
-
Banned Loan Websites, Apps Given 48 Hours to Prove Their Genuineness: MeitY
The IT ministry has given 48 hours to banned websites and apps to prove their genuineness, a senior government official said on Thursday. Another senior official from the ministry said the ban has been imposed on the platforms because their businesses were not genuine. The government last week ordered blocking of 232 apps operated by overseas ent...
-
Jio Seeks to Deposit Rs. 3,720 Crore in Escrow Account to Acquire Reliance Infratel's Tower, Fibre Assets
Jio has proposed to deposit Rs 3,720 crore in an escrow account in order for the company to complete its acquisition of Reliance Infratel's tower and fibre assets. The company has stated that a delay in acquisition of the assets due to inter-creditor disputes will deteriorate the value of assets. The telecom operator placed a bid in November 2019 t...
-
Google-Bharti Airtel Deal Gets Approval From CCI for Up to $1 Billion Investment
The Competition Commission of India (CCI) has approved Google's proposed acquisition of a minority stake in telecom major Bharti Airtel. Earlier in January this year, Google announced its plan to invest up to $1 billion (roughly Rs. 7,510 crore) in Airtel in a move that could help bolster the Indian telecom operator's digital offerings, the compani...
-
Mitsubishi Electric to Invest Rs. 220 Crore to Set Up New Unit in Maharashtra’s Pune
Mitsubishi Electric will invest about Rs. 220 crore in its Indian subsidiary to set up a new factory in Maharashtra’s Pune. Mitsubishi Electric India will manufacture inverters and other factory automation (FA) control system products for the factory expected to start operations in December 2023.
-
Jio-Subsidiary Asteria Aerospace Launches Drone Software Platform SkyDeck
Jio-subsidiary Asteria Aerospace, a drone manufacturer and solution provider in India, has launched its drone operations platform SkyDeck.
-
Tesla To Set-up Operations In Bengaluru, Registers Indian Subsidiary
The American electric carmaker has registered its Indian subsidiary under the name 'Tesla India Motors and Energy Private Ltd.', and is reportedly in talks with the Karnataka government for a land parcel in Tumkur, on the outskirts of Bengaluru.
-
Volkswagen Motorsport India & South Africa To Continue Local Operations
Following Volkswagen Motorsport GmbH's announcement to terminate all motorsport activities, the Indian and South African subsidiaries have confirmed that they will continue local operations supporting racing at a grassroots level.
-
The Harmful Effects Of Styrene Gas, That Leaked From Vizag Plant
A chemical leak in a plant of LG Polymers India in Andhra Pradesh's Visakhapatnam district led to hospitalisation of 200 people and 11 deaths. 1,000 more people were affected by the gas leak from the plant left idle because of the coronavirus lockdown, according to senior police officer Swaroop Rani in Visakhapatnam. The plant, operated by LG Polym...
