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Stocks to Watch: Sun Pharma, Infosys, Dixon, DLF, Mankind Pharma, SpiceJet

Stocks to watch on December 12, 2023: Sun Pharma has increased its offer price for acquiring remaining shares of Taro Pharma to $43 per share in cash, compared to $38 before

Electronics maker services firm Dixon expects Rs 19k cr revenue this fiscal

Electronics manufacturing services firm Dixon Technologies expects to close the current fiscal with a revenue of around Rs 19,000 crore, a senior company official said on Thursday. Dixon Technologies vice chairman and managing director Atul Lall said the company has plans to double its headcount over the next two years. "In a short period of just 5-6 years, we have grown from Rs 1,500 crore, and this year, we should close at around Rs 19,000 crore. We have grown from 1,700 people to 27,000 people, and let me assure you that this is going to double in 2 years," Lall said. He was speaking at the inaugural ceremony of Dixon Technologies' fourth mobile manufacturing plant set-up under its wholly-owned subsidiary Padget Electronics. The plant was inaugurated by Union Minister for Electronics and IT Aswhini Vaishnaw. The plant is spread over an area of around 2.7 lakh square feet at an investment of Rs 256 crore. It will make smartphones for the Chinese company Xiaomi. It has an annual

Dixon, boAt form 50:50 JV to manufacture Bluetooth enabled audio devices

Electronics manufacturing firm Dixon Technologies and Imagine Marketing -- the parent company of earwear brand boat -- have formed a 50:50 joint venture to manufacture Bluetooth enabled audio devices. The company and Imagine have entered into a joint venture agreement to form a joint venture company for undertaking the manufacture of Bluetooth enabled audio devices, said a regulatory filing by Dixon Technologies. The proposed JV Company will undertake design and manufacturing of Wireless Audio Solutions in India & the JV partners will co-invest in the evolving Indian mobile accessory market, a joint statement said. The association will enable the companies to meet the evolving needs of customers by delivering high-quality and aspirational lifestyle-focused hearable solutions, backed by quality manufacturing and robust R&D, it said. Both the companies will nominate two directors each on the board of the JV. Both the JV Partners i.e. Company and Imagine shall have right to ...

Dixon forms JV with Japan's Rexxam to manufacture printed circuit boards

Dixon Devices, the joint venture company, will be 40 per cent owned by Dixon and the rest 60 per cent by Rexxam

Nokia India, Foxconn, 29 others get DoT approval for PLI scheme

The DoT notified the PLI scheme for telecom and networking products on February 24 with a financial outlay of Rs 12,195 crore, over the five years

Dixon Technologies to make Acer laptops in India under PLI scheme

Dixon is an eligible player for the PLI scheme under the IT hardware category

Dixon invests Rs 600 crore to build new facility under PLI scheme

Dixon has earned revenues of Rs 4,400 crore and is in the bottom 20 of the global pecking order of EMS players

Dixon partners with Bharti to make telecom equipment under PLI scheme

The JV is targeting the Bharti group to pick up 80-85 per cent of the value of its cumulative sales of five years

Samsung, Foxconn to take part in govt's PLI scheme for phone manufacturing

The scheme aims to make India a manufacturing and export hub for mobile phones