Union Commerce and Industries Minister Piyush Goyal. The Ministry of Commerce and Industry has said that the government has reopened the application window for the production-linked incentive scheme for white goods citing market growth and growing industry confidence following the success of earlier rounds of the PLI scheme | Photo Credit: ANI The government has … Read more
Apple CEO Tim Cook joined U.S. President Donald Trump at the White House on Wednesday (August 6, 2025) to announce a commitment by the tech company to increase its investment in US manufacturing by an additional $100 billion over the next four years. “This is a significant step toward the ultimate goal of ensuring that … Read more
Bosch group has acquired 74.2% stake in Johnson Controls-Hitachi Air Conditioning India (JCHAI). The acquisition is effective July 31, 2025 and is consequent to the $8 billion global deal, wherein Bosch announced a takeover of the AC solutions business for residential and light commercial buildings from Johnson Controls about a year ago. JCHAI’s acquisition positions … Read more
India has tightened rules to ensure stricter testing and labelling of cosmetics to enhance safety, check counterfeit products and clearly define spurious items, said two officials aware of the development. A failure to comply with the new rules introduced by the health and family welfare ministry will result in the suspension and cancellation of licences, … Read more
Founded in 1907 and headquartered in Dubai, Damas is among the oldest and most prominent Jewellery retailers in the Middle East, with a store network of 146 outlets across the GCC. Titan is acquiring 67% of Damas from Mannai Corporation QPSC, Qatar (Mannai) at an Enterprise Value of AED 1038 mn (approx $280 mn). The … Read more
At most companies, meetings kick off with quick chats or PowerPoint slides, but at Amazon, there was writing and a lot of reading, as per a report. Jeff Bezos Replaced PPT Slides With Six-Page Memo Under Jeff Bezos’ leadership, Amazon built a famously rigorous “reading culture” centered around drafting six-page memos, according to Business Insider. … Read more
In a long awaited development, Promoters are selling out of VIP Industries. Piramals have sold 32% stake to a consortium led by Multiples, the Private Equity major. Consortium includes Caratlane founders, Mithun Sancheti and Siddhartha Sancheti. Stake has been sold at Rs 388/ share for Rs 1,763 cr. This is at a 15% discount to … Read more