Mar 29, 2018 -

TradeBriefs Newsletter
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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk

Syska Group in expansion mode invests Rs 170 crore in manufacturing plants under 'Make In India' plan
Home Grown Syska group, which has diversified itself into segments ranging from LED-based lighting solutions to personal care products has invested Rs 170 crore in three manufacturing plants for LED lighting facilities and plans to invest in few more plants in coming years under the Make In India plan.
The manufacturing plants will have a big production of lightings varying from bulbs, tube lights, panel lights, industrial lights etc. This investment by the SYSKA Group will also facilitate huge employment opportunities in the country.
The company has invested around Rs 150 crore in the Shirwal plant in Maharashtra, which is mega project under the 'Make in India' initiative of Government of India in Shirwal Maharashtra Industrial Development Corporation (MIDC). The production capacity of the plant would be 30 lakh units per month and it will employ around 1000 employees. Read more

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Utilise tech to enhance people's satisfaction: Chandrababu Naidu

Aiming to provide visible governance and invisible government by taking the advantage of latest technology, Chief Minister N Chandrababu Naidu launched the website ePragati Core at his residence at Undavalli in Guntur district on Thursday



Today's TradeBriefs Cartoon

Full text of the European Commission judgement fining Google

The European Commission has fined Google €4.34 billion for breaching EU antitrust rules. Since 2011, Google has imposed illegal restrictions on Android device manufacturers and mobile network operator

Mindtree donates $2 million to Stanford University to boost artificial intelligence study

Mindtree says the endowment would be used by Stanford’s School of Engineering to establish a faculty chair with focus on artificial intelligence

Biggest mobile-phone plant masks PM Modi's 'Make in India' struggle

The Samsung announcement is good news, but it must be seen as a one-off at present, experts said.

India effect: Google triples office space in Mumbai

Google India has taken up a 51,000 sq ft facility on seven-year lease in Mumbai’s most expensive business district Bandra-Kurla Complex (BKC) as it looks to expand operations in the world’s second-lar

WNS profit rises 30% in first quarter

NYSE-listed WNS (Holdings) has posted a net profit of $30.9 million for the first quarter ended June 30 a 30.9 per cent rise from $23.6 million posted during the comparable year-ago period. The compan

CIIE’s Bharat Innovation Fund Announces First Close Of $100 Mn Fund

CIIE’s early-stage deep tech and IP focussed venture fund Bharat Innovation Fund has announced the first close of its $100 mn fund.

Infosys creates a unit to respond to call of the telecom billions

The new unit — communications and services — is headed by Anand Swaminathan, global leader for communications, media and technology, based in Seattle.

Infosys arm in pact to build metro rail station in Bengaluru

Karnataka Chief Minister H.D. Kumaraswamy on July 7 said the Foundation had offered Rs 200 crore for building the Konappana Agrahara metro station, metro track and maintain it.

Infosys rejigs business units

The Bengaluru-based company has carved out communications (earlier a part of energy, utilities, communications and services) as a separate business unit as part of these efforts.

BIF sets up 5G committee; 5G trials on public safety, manufacturing amp; IoT in offing

The BIF 5G committee, at its meeting yesterday also saw 'first response public safety network' being proposed as a trial case, the statement said addi..

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