Top business news today india in English, A summary of business news can be found here, Let’s look at many business news including ‘Kensal Engineering’ and penalty for Ertel in electric vehicle manufacturing.
1,000 crore investment of ‘Bharat Borg’ company
‘Bharat Borg’ is engaged in the manufacture of automobile components. The company plans to invest Rs 1,000 crore over the next five years to expand its manufacturing operations in Tamil Nadu. As part of this, the company has signed an MoU with the Tamil Nadu government’s ‘Guidance’ body at the Tamil Nadu Global Investors Conference. “Bharat Borg” company said that it will not cause.
Tata Starbuck to open 1,000 stores
By 2028, Star Bucks, a joint venture of Tata Group. It said it plans to expand its business to 1,000 stores across the country. Currently the company has 390 stores in India. Also, open a new store for three days; In tier two and tier three cities,
Starbucks said it also plans to enter. Due to these expansion works, its employee strength will double to 8,600. India is one of its fastest growing markets globally, Starbucks said.
Kensal Engineering in electric vehicle manufacturing
Kensal Engineering has announced that it is planning to invest Rs 2,000 crore to set up an electric vehicle factory in Gujarat. It is reported that the new factory will manufacture a wide range of electric vehicles for both personal and commercial use.” It is also reported that 1,500 new job opportunities will be created through this in the area. The MoU was signed at the Gujarat World Summit under the chairmanship of Chief Minister Bhupendra Patel.
2,000 crore industrial parks
Wellspun One plans to invest Rs 2,000 crore in Tamil Nadu over the next five years. The company said that it has signed an agreement with the Tamil Nadu government. At this stage, it has signed a second contract.
According to this, industrial parks and freight transport parks are to be set up in Tamil Nadu in the next five years. It is reported that 5,000 direct employment opportunities and 10,000 indirect employment opportunities will be generated through this.
Tera Motors investment of Rs.50 core
The Japanese company ‘Terra Motors’ has announced that it will invest 50 crore rupees to improve electric vehicle charging infrastructure in Tamil Nadu. It is said that this will help to reach the target of 30 percent share of electric vehicles in the country and many job opportunities will be generated through this.
Terra Motors plans to leverage its advanced technology and global market experience to provide solutions tailored to the specific needs of the electric vehicle market in Tamil Nadu.
Aircel has been fined Rs.3.57 lakh
Leading telecom operator Airtel said it has received a penalty notice of Rs 3.57 lakh from the Department of Telecom for violating subscriber verification norms.
During an audit conducted by the Bihar Department of Telecommunications in September last year, it was alleged that the subscribers had violated the terms and conditions related to verification. Airtel also said that the Department of
Telecommunications has imposed a penalty of Rs 3.57 lakh for this.
