Apple Contract Manufacturer to invest Rs.1100 crores in India
Apple’s second-largest contract manufacturer, Pegatron, has approved an initial investment of Rs 1,100 crore to set up manufacturing facilities in India. It is expected to begin operations by the end of next year. Apart from Pegatron, the other two manufacturers Foxconn and Wistron have already set up manufacturing plants in India.
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The US Expects to Begin COVID Vaccination from 11 December: Official
Moncef Slaoui, an official from the US Food and Drug Administration(FDA) has said that the FDA is in constant touch with vaccine manufacturers and has already granted them emergency use authorization. The Drug is expected to launch around 11th or 12th December
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RBI becomes the first monetary authority in the world to gain 1 Million followers on Twitter
The Reserve Bank of India has become the first company in India to gain 1 Million followers on the social media site Twitter. “RBI Twitter account reaches one million followers today. A new milestone. Congratulations to all my colleagues in RBI.” read a tweet by RBI Governor Shaktikanta Das. The US Federal reserve currently has 677,000 followers
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Infosys might win Rs. 9600 Crore Daimler deal
Infosys is in talks with Daimler AG or commonly referred to as Mercedes Benz for a multi-year Rs. 9600 cores deal focused on infrastructure management services, networks, and data centers. Infosys is already a strategic partner for Daimler’s data centers across Europe.
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BEML shares zoom over 501 crores Delhi Metro Deal
Bharat Earth Movers Limited (BEML), has secured an order of 12 trains, of six cars each from the Delhi Metro Rail Corporation. The order is for Mumbai Metro Lines since the technical and civil management of Mumbai Metro is under the control of DMRC. The order is worth Rs.501 crores.
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Mindtree signs deal with Nordex Group, share price rises 6%
IT-Company Mindtree has signed a deal with German wind turbine manufacturer Nordex Group. “The Nordex Group has chosen Mindtree as its business transformation partner to simplify, modernize and transform its entire IT landscape globally while providing scalability to support the company’s growth plans’, the company’s exchange filing read.
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RBI Question HDFC Bank on disrupted online banking services
A team of RBI officials has sought an explanation from HDFC Bank on multiple disruptions that have been occurring in their online banking services. A team of RBI officials is likely to visit the data centers of HDFC Bank to conduct inspections
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Petrol, diesel prices rise for the fourth consecutive day
Petrol and Diesel prices which had been constant for a long time have now started rising, now for the fourth consecutive day. Global oil prices had been stable for close to 2 months since September. The rise in price is due to uncertainty about the Vaccine with an added tension of the US Elections.
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UK Based ZNZ Pharma acquires Hyderabad based Celon labs
UK Based pharmaceutical company ZNZ owned by the UK Government has acquired a majority stake in Hyderabad-based pharma company Celon Laboratories Private Limited for Rs. 555 crores. ZNZ Pharma will be investing in the setting up of its new oral and injectibles manufacturing facility related to oncology
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Dairy tech startup Country Delight raises Rs. 185 crores
Dairy-Tech startup Country Delight has raised Rs.185 crores in C series funding from Elevation Capital (formerly SAIF partners). Country Delight was started by Chakradhar Gade and Nitin Kaushal, both IIM Graduates to solve the problem of adulterated and artificial milk. Country Delight provides services across NCR, Pune, Delhi and Mumbai.
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