Page 78 - Companies

iPhone maker Foxconn plans $700 million India plant in shift from China

The investment is one of Foxconn's biggest single outlays to date in India and underscores how China's at risk of losing its status as the world's largest producer of consumer electronics

Adani Group bonds flash warnings even as $153 billion stock rout eases

But a closer look at billionaire Gautam Adani's empire shows that while fears of a debt blowup in the next three years have receded, investors still have doubts

Adani Green's operating renewable portfolio reaches record 8,024 MW

Adani Green Energy on Thursday said its 700-MW hybrid green energy project has become operational, which took its total operating renewable portfolio to 8,024 MW, the largest in India. The project is its fourth wind-solar hybrid power plant fully operational at Jaisalmer in Rajasthan, a company statement said. It stated that the 700-MW plant is the world's largest wind-solar hybrid power plant. "With the successful operationalisation of the 700-MW plant, the world's largest wind-solar hybrid power plant, AGEL now has the largest operating renewable portfolio in India with 8,024 MW," it said. The combined operational generation capacity of this newly added hybrid power plant is 700 MW and has a Power Purchase Agreement (PPA) at Rs 3.24/kwh for 25 years. This new hybrid power plant consists of a combination of 600 MW solar and 510 MW wind plants. The latest hybrid plant deploys advanced renewable technologies like bifacial solar PV modules and horizontal single-axis trackers (HSAT)

Mukesh Ambani's next disruption: Foray into genome testing with a $145 kit

The project to bring affordable personal gene-mapping to India's 1.4 bn people, will potentially create a treasure trove of biological data that can aid drug development and disease prevention

Salaries in India to rise 10% in 2023, highest in Asia-Pacific: WTW report

China is projected to see a salary hike of 6%, Vietnam at 8%, Indonesia at 7%, Hong Kong at 4% and Singapore at 4% in 2023

Top HR executives at Whitehat Jr quit as BYJU's plans to shut platform

Beleaguered coding platform WhiteHat Jr has seen an exodus of top HR executives in recent days, including Ashutosh Singh, Director HR Business Partner (HRBP) and HR leader for international markets

Irrational exuberance pulled IT companies down in FY23: NASSCOM chairman

Delayed decision-making, economic uncertainty, and inflation along with demand contraction in some markets are expected to be the major headwinds for the sector

Sunteck Realty leases commercial space to Upgrad, to make Rs 2,000 cr

Upgrad will be paying starting rentals of close to Rs 300 per square feet per month on carpet area basis

Salary hikes in India have now reverted to pre-pandemic level: Mercer

The highest salary hikes are expected in the high-tech industry in 2023, followed by the Software Service Outsourcing (SSO) industry

Sequoia's Surge unveils 8th cohort of 12 start-ups across India, SEA

Includes start-ups in climate tech, AI, metaverse, digital health, new e-commerce models

Tata Group's talks over $1 billion Bisleri stake stall over valuation

The Indian conglomerate had been in advanced discussions to take control of Bisleri and the parties were working on finalizing the structure of a transaction, the people said

$15 bn buyout of Toshiba Corp leaves global companies on sidelines

The Japanese bidding consortium also wants to avoid triggering Chinese antitrust scrutiny by bringing in foreign investors

One year of Ukraine war: A roller-coaster ride for steel companies

In 2021, steel exports from the two countries stood at about 48 million tonnes, accounting for around 10% of global steel trade

No refinancing, capital plans at HK roadshow, says Adani Group CFO

When asked "Are you looking to refinance any debt?" on the sidelines of the Hong Kong roadshow Tuesday, Singh said: "No, we don't have anything major at all"

High airfares are here to stay after post-pandemic boom: AirAsia CEO

"It's not high prices, it's real prices," Fernandes said. "I think the fares you're seeing now are really what you should have seen in 2019 as well"

India is a key country for our regional strategy: Ivanhoe Cambridge MD

India is a key country for our regional strategy as we aim at steady growth in the Asia-Pacific region, says Chanakya Chakravarthi, MD, Ivanhoe Cambridge

SpiceJet debt recast: Carlyle Aviation to pick up 7.5% stake in airline

SpiceXpress, the cargo business, to be hived off into separate unit

Decentralised RE will help upgrade India's grid network: GE Grid Solutions

Company's advanced products focussed on grid automation, stability and remote control are being deployed in Rajasthan, UP, J&K and Himachal Pradesh

Essar Group bets $3.6 billion on decarbonisation in India and UK

Will invest $1.2 bn to develop a global supply hub for low-carbon fuels

Air India's premium avatar by mid-2024; Maharaja stays: CEO Wilson

Airline to speed up $400-mn cabin refurbishment, says CEO