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MUMBAI: Federal Card Services (FCS), a Miami-based producer of premium payment cards, has pledged $250 million to build a manufacturing, technology, and services facility in Pune, which it will turn into a central node in its global network. The investment is expected to generate more than 1,000 jobs. A 32,000-sq-ft plant is set to begin…
The ‘ruins of Marhowra’ make jobs a touchy topic MARHOWRA: For most people in Bihar, Marhowra remains a symbol of industrialisation in the state. Even now, whenever there is talk of industrial activity, there are suggestions that the sugar mill in this town near Chhapra should be revived.It’s a task easier said than done. Just…
TOKYO: Japanese carmaker Honda Motor will make India a global manufacturing hub for its upcoming electric, Honda 0 α (alpha), whose prototype was unveiled at the Japan Mobility Show.The car has been developed for the Indian and Japanese markets, apart from other Asian countries. Its India debut will be in fiscal 2026-27. Honda Motor Co…
NEW DELHI: The ministry of external affairs on Wednesday assured that it was working to repatriate nearly 500 Indians detained in Thailand after they crossed over the border amid Myanmar scam hub crackdown.“We are aware of Indian nationals who have been detained by Thai authorities. They had crossed into Thailand from Myanmar over the past…
India is rapidly establishing itself as a global leader in services exports, with a compound annual growth rate (CAGR) of 14.8 per cent over the past three decades, outpacing goods exports, which grew at 9.8 per cent, said National Stock Exchange (NSE) officials. According to news agency PTI, NSE chief economist Tirthankar Patnaik said, “India…
Indian pharmaceutical companies are increasingly setting their sights on the Russian market, exploring opportunities to establish production facilities across various regions there. This development was highlighted by Sergey Cheremin, Moscow Government Minister and Head of the Department for External Economic and International Relations, during the “TIME: Russia-India. Mutual Efficiency” forum.Cheremin revealed that productive negotiations are…
Google has announced plans to invest $15 billion over the next five years in setting an artificial intelligence hub in Visakhapatnam. The company made the announcement at an event in New Delhi today. On the occasion, Google CEO Sundar Pichai shared that he discussed the project with PM Narendra Modi. Pichai said that during his…
Tata Consultancy Services (TCS) has unveiled a new Artificial Intelligence (AI) Experience Zone and Design Studio in London as part of its latest expansion drive in the United Kingdom. The company said the initiative, coupled with fresh investments, will generate 5,000 new jobs across the UK over the next three years.TCS, which already supports over…
New Delhi: Reliance Jio Infocomm chairman Akash Ambani and Airtel chief Sunil Mittal lauded govt’s efforts on boosting telecom and next-gen technologies, including deep tech and startups, and said the India Mobile Congress (IMC) brings out India’s movement towards becoming a global innovation hub.“Today we saw the whole value chain… from semiconductors, to fraud management,…
Eli Lilly to inject $1 billion in new contract manufacturing facilities in India; to set up new manufacturing & quality hub in Hyderabad HYDERABAD: Eli Lilly and Company will be investing over $1 billion over the next few years in setting up new contract manufacturing facilities in India and will also set up a new…
