Investments

Extended PLI scheme for AC, LED light components attract 38 investors

15 Oct 2024

The Production Linked Incentive (PLAI) scheme for white goods (air-conditioners and LED lights) received 38 responses in its third round of on-line application window.

Tata Motors starts work on new TN factory for Tata, JLR vehicles

30 Sep 2024

Tata Motors on Saturday initiated work on a new manufacturing facility in Tamil Nadu that will produce next-generation vehicles for Tata Motors and Jaguar Land Rover (JLR).

Tata Electronics, PSMC sign tech transfer agreement for Gujarat chip project

27 Sep 2024

Tata Electronics on Thursday announced the completion of a technology transfer agreement with Powerchip Semiconductor Manufacturing Corporation (PSMC)

Polar Semiconductor secures $123 m US funding for fab unit in Minnesota

25 Sep 2024

The US Department of Commerce on Tuesday announced the award of $123 million in direct funding to Polar Semiconductor, its first under the CHIPS incentives programme

India plans Rs5,00,000-cr sovereign wealth fund

09 Sep 2024

Government of India is planning to create a sovereign wealth fund with a likely corpus of Rs5,00,000 crore by pooling shares of public sector undertakings (PSUs)

India opens market for semiconductor companies in Singapore

07 Sep 2024

India will allow semiconductor companies in Singapore to expand activities into this country under a memorandum of understanding (MoU) signed in Singapore, on Thursday.

Adani-Tower joint venture to set up $10 bn semiconductor facility near Mumbai

06 Sep 2024

Maharashtra government has accorded approval for a $10 billion joint venture semiconductor fabrication unit, to be set up by Adani Group and Israel’s Tower Semiconductor, inviting a legal challenge by ASMC Analg

Cabinet approves Kaynes Semicon's Rs3,300-cr semiconductor plant in Gujarat

03 Sep 2024

The union cabinet on Monday approved a proposal by Kayness Semicon Pvt Ltd for setting up a Rs3,300-crore semiconductor manufacturing unit in Sanand, Gujarat.

ONGC gets govt nod for Rs18,365-cr investment in ONGC Petro additions Ltd

13 Aug 2024

Oil and Natural Gas Corporation (ONGC) has received approval from the ministry of petroleum and natural gas for its planned Rs18,365-crore investment in ONGC Petro-additions Limited (OpaL).

CIL, GAIL joint venture to produce synthetic gas through surface coal gasification

09 Aug 2024

Maharatna central public sector enterprises Coal India Limited (CIL) and GAIL (India) Limited on Monday signed a joint venture agreement for setting up a coal-to-synthetic natural gas (SNG) plant using surface coal

Tata’s semiconductor plant in Assam to be operational next year

05 Aug 2024

Tata Group on Saturday conducted the ground-breaking ceremony for its Rs27,000-crore semiconductor factory in Assam, marking the commencement of construction of the facility.

ITC plans Rs20,000 crore investment in next five years: CMD Sanjiv Puri

29 Jul 2024

Diversified group ITC Ltd is planning to invest Rs20,000 crore across business portfolios with about 35-40 per cent earmarked for FMCG sector, 35 per cent going to paper boards and packaging, and the remaining into other businesses, including corporate, over the next five years.

GAIL to invest Rs60,000 cr for setting up a 1,500-KTA ethane cracker in MP

17 Jun 2024

GAIL (India) Limited plans to invest around Rs60,000 crore to set up a 1,500 KTA ethane cracker, perhaps the largest in India, at Ashta in Sehore district of Madhya Pradesh.

India, Nigeria agree on local currency settlement system

06 May 2024

The second session of the India-Nigeria Joint Trade Committee (JTC) held in Abuja, capital of Nigeria, on Friday, agreed to finalise a local currency settlement system for bilateral trade and investment.

Elon Musk to visit India as govt tweaks FDI rules for space sector as well

23 Apr 2024

Elon Musk, CEO of tech enterprises Tesla, SpaceX, Starlink and X, has confirmed his India visit next week after the Indian government notified amendments to foreign investment rules in space sector, allowing 100 per cent FDI in satellite-related ventures.

DP World to build modern container terminal near Kandla Port

18 Mar 2024

Dubai-based infrastructure major DP World will construct a mega container terminal at Tuna Tekra, DPA, Gujarat, under a concession agreement signed with the Deendayal Port Authority, Kandla.

Tata Motors to invest Rs9,000 crore in new Tamil Nadu facility

14 Mar 2024

Tata Motors has proposed to invest Rs9,000 crore for setting up a new automobile manufacturing facility in Tamil Nadu over a 5-year period.

Israel's Tower proposes $8 bn chip manufacturing facility in India: report

12 Feb 2024

Israel-based chipmaker Tower Semiconductor has proposed to set up an $8 billion chip fabrication facility in India, under the $10 billion chip manufacturing scheme of the Government of India

Israel's Tower proposes $8 bn chip manufacturing facility in India: report

12 Feb 2024

Israel-based chipmaker Tower Semiconductor has proposed to set up an $8 billion chip fabrication facility in India, under the $10 billion chip manufacturing scheme of the Government of India

JSW Group to invest Rs40,000-cr for creating an EV manufacturing ecosystem in Odisha

11 Feb 2024

JSW Group has entered into a memorandum of understanding (MoU) with the Odisha government for establishing an integrated electric vehicle

Tatas, Airbus to jointly set up helicopter assembly unit in India

26 Jan 2024

Airbus Helicopters is partnering with the Tata Group to establish a final assembly line (FAL) for Airbus’ H125 helicopter in the country.

CCEA approves CIL’s coal-to-gas-and-ammonia projects; incentivises coal gasification

25 Jan 2024

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved Coal India Ltd’s (CIL) proposals for equity investment in a coal-to-synthetic natural gas (SNG) project

Avaada to invest Rs40,000 cr across 6 GW wind-solar projects in Gujarat

19 Jan 2024

Green energy producer Avaada Group has committed investments of an aggregate Rs40,000 crore in Gujarat to set up hybrid wind-solar projects with a total installed capacity of 6,000 MW (6 GW).

Modi dedicates 3 major projects at Cochin Shipyard to nation

17 Jan 2024

Prime Minister Narendra Modi today inaugurated three major projects at the Cochin Shipyard Ltd, involving total investment of Rs4,000 crore.

Tatas plan mega chip factory in Gujarat; work on Li-Ion battery plant to start in March

11 Jan 2024

The Tata Group has lined up major investments in Gujarat, including the building of a 20 GW Lithium-Ion factory and a semi-conductor fabrication unit, to be built in Dholers, Tata Group CEO Natarajan Chandrasekharan said on Wednesday.