The Board of Hindustan Foods Limited (HFL), has approved an investment of Rs. 30 Cr for the acquisition of a business engaged in manufacturing of ice cream cones and sleeves. Target has capacity of 1 million cones per day. It’s current customers include India’s largest multinational ice cream company. Acquisition aligns with HFL’s strategy of … Read more
Tim Cook had said that Apple plans to source most US-market iPhones from India during the June quarter. (AI image) US President Donald Trump doesn’t want Apple to expand manufacturing in India, but will the Tim-Cook led tech giant listen? Apple reportedly remains committed to its investment strategy in India. Apple has plans to establish … Read more
EMS (Electronics Manufacturing Services) is currently part of the company’s Customer Support Services division (CCS). CCS currently accounts for about 30% of TVS’s revenues and balance 70% is contributed by Products and Solutions division (PAS). EMS currently is a very small contributor to TVS’s business (details not provided). Company wants to grow EMS as big … Read more
India has initiated an anti-dumping probe into the import of glass fibre from China, Thailand, Bahrain following a complaint by a domestic player. The duty is aimed at protecting the domestic industry from cheap imports. The commerce ministry’s investigation arm Directorate General of Trade Remedies (DGTR) is probing the alleged dumping of glass fibres and … Read more