Category: Business

Vedanta-Foxconn to set up India’s first semiconductor plant in Gujarat

Oil-to-metal conglomerate Vedanta and Taiwan-based electronics manufacturing giant Foxconn will make the biggest investment of Rs 1.54 lakh crore in setting up India’s first semiconductor plant in Gujarat. History gets made! 🇮🇳 Happy to announce that the new Vedanta-Foxconn semiconductor plant will be set up in #Gujarat. Vedanta’s landmark investment of ₹1.54 lakh crores will

Former Reckitt chief Laxman Narasimhan appointed new Starbucks Indian-origin CEO

Narasimhan joins the rising ranks of prominent Indian-origin CEOs from major US corporate giants such as Microsoft’s Satya Nadella, Alphabet’s Sundar Pichai, Adobe’s Shantanu Narain, Deloitte’s Punit Renzen and FedEx’s Raj Subramaniam. Prominent former domestic CEOs include PepsiCo’s Indra Nooyi and Mastercard’s Ajay Banga. Narasimhan, who currently heads health and hygiene company Reckitt, will join

Big bull of Dalal Street, investor Rakesh Jhunjhunwala ‘India’s Warren Buffet’ passed away

Veteran investor Rakesh Jhunjhunwala passed away on Sunday morning. The investor with a Midas touch was dubbed “India’s Warren Buffet”. According to sources, the investor was brought to Kandy Breach Hospital at 6:45 am and was declared brought dead. He said that he was suffering from several health problems including kidney ailments and was discharged