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Synopsys to acquire Ansys in $35 bn mega-deal
The proposed acquisition, if completed, would mark the largest deal in the technology sector since Broadcom acquired VMware for $69 billion in November of the previous year.Read more
EY forecasts extension of 15% corporate tax rate in 2024 budget
EY predicts that the interim Budget may push back the deadline for commencing manufacturing from March 31, 2024, to March 31, 2025, for companies benefiting from the 15% concessional income tax rate.Read more
Altair collaborates with the IIT Madras to establish eMobility simulation lab
This collaboration underscores Altair's commitment to advancing research and development in the field of electric vehicles (EVs), aligning with its commitment to sustainability and innovation.Read more
Bhavika Plastek cut down on annual carbon emissions by 430 tons
In a strategic move towards sustainability, Bhavika Plastek made a significant environmental commitment in 2020 by installing a state-of-the-art 311 KW solar plant at its manufacturing facility in Hyderabad.Read more
Micron, NAMTECH forge alliance to fuel India's semiconductor industry growth
The MoU signing occurred at the Vibrant Gujarat Summit in the presence of Ashwini Vaishnaw, Union Cabinet Minister for Railways, Communications, Electronics, and Information Technology.Read more
Hyundai, IIT-M join forces for Rs 180 cr Hydrogen Valley Innovation Hub in Chennai
The memorandum of understanding, signed during the recent Global Investors Meet, involves Hyundai Motor India, IIT-Madras, and Guidance Tamil Nadu, the state government's investment promotion agency.Read more
India emerges as key alternative in China-Plus-One manufacturing strategy
According to a survey of Chief Executive Officers (CEOs), nearly 53% anticipate that India will emerge as an alternative manufacturing destination to China.Read more
Hyundai to invest Rs 7,000 cr in Talegaon, marks first venture outside Tamil Nadu
It was a pleasure meeting Kim Unsoo, MD and CEO of Hyundai Motor India (HMI), along with Executive Director J W Ryu and HMI senior officials, said Devendra Fadnavis, Maharashtra Deputy Chief Minister on X.Read more
First Solar invests $700 mn in India's first integrated solar plant
The facility is geared towards producing the company's 'Series 7' Photovoltaic (PV) solar modules specifically for the Indian market.Read more
Hindustan Coca-Cola streamlines operations in Northern India via bottling transfers
During this transition, Kandhari Global Beverages (comprising Enrich Agro Food Products and Kandhari Beverages) will take ownership of and manage the Rajasthan market.Read more