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Dixon's Padget Electronics secures IT hardware contract with Lenovo
Dixon Technologies has announced that its subsidiary, Padget Electronics, has secured a contract from Lenovo to manufacture IT hardware products under the revised production-linked scheme for the segment.
The execution of the contract is contingent upon the signing of a definitive agreement between the two companies, as mentioned in a notice to the stock exchange. Upon finalisation, Dixon Technologies, an electronics manufacturing service provider, will be responsible for producing notebooks and laptops for Lenovo, which recently edged ahead of Dell to become the second-largest PC bra..
Bharti Enterprises MD buys Rs 85 cr property in Delhi’s Shanti Niketan
Rajan Bharti Mittal, Bharti Enterprises' vice-chairman and managing director has purchased a 1,200 sq yard property in Delhi's Shanti Niketan for around 85 crore according to two sources familiar with the deal.
On September 9, four different owners sold their shares of the plot to Mittal in a deal that was registered. The nearly 10,000 sq foot property was purchased for 7.5 lakh per sq yard and is located near consulates, the Lutyens zone, the airport, and major business districts. Since the lockdown was lifted in May last year, there has been a flurry of high-value transacti..
PLI Scheme draws ₹ 11.5 trillion FDI
While we get clarity on whether the government chooses to battle the retrospective tax against the order given by the Supreme Court in favour of the struggling Vodafone, India’s PLI scheme has made great headway in attracting FDI for manufacturing in India.
India’s disinvestment target for 2020-21 is ₹ 2.1 trillion against last year’s achievement of ₹ 34.85 b..
TVS Motor Unveils Electric Two-Wheeler
TVS Motor Company, a leading two-wheeler manufacturer in India, has unveiled its latest addition to the electric vehicle segment with the launch of the TVS iQube Electric in Bengaluru. This move marks the company's foray into the burgeoning electric vehicle market, aligning with the global shift towards sustainable mobility solutions.
The TVS iQube Electric promises to redefine urban commuting with its advanced technology and eco-friendly features. Boasting a sleek design and compact structure, the electric scooter is tailored to meet the evolving needs of urban commuters, offering a s..
Chinese EV Giant Leapmotor Eyes Indian Market
Chinese electric vehicle (EV) manufacturer Leapmotor is poised to make a significant entry into the Indian market in the third quarter of the 2024-25 fiscal year. With India rapidly transitioning towards electric mobility, Leapmotor's arrival could mark a pivotal moment in the country's automotive industry.
Leapmotor's decision to venture into India underscores the growing appeal of the country as a lucrative market for EV manufacturers worldwide. As one of the world's largest automotive markets, India presents immense opportunities for companies looking to capitalise on the increasing..
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