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TVS, Rapido sign MoU to deepen commercial mobility ecosystem

TVS Motor Company announced a strategic partnership with Rapido to collaborate by leveraging synergies of their respective businesses in the fast-moving mobility market in India.  TVS Motor Company announced a strategic partnership with Rapido, the on-demand delivery and mobility platform today by signing a Memorandum of Understanding (MoU). As part of the MoU, TVS and …

Production-linked incentive: Steel PLI application deadline likely to be extended, again

The deadline for submission of applications under the Rs 6,322-crore production-linked incentive (PLI) scheme for speciality steel is likely to be extended by a month till May 30. Several modifications under the scheme to include sub-categories and small players have necessitated extension of the deadline, sources said. The steel ministry has already had a round …

Finance Minister Nirmala Sitharaman calls on US semiconductor makers to invest in India

Finance minister Nirmala Sitharaman has called on American semiconductor firms AMD, Western Digital and Micron Tech to boost investments in India, taking advantage of a Rs 76,000-crore production-linked incentive (PLI) scheme that was announced recently to woo large chip makers. In a meeting in San Francisco with top executives of semiconductor firms, Sitharaman highlighted opportunities …

Global financial institution BNY Mellon opens new office in Chennai

Global financial institution BNY Mellon on Tuesday opened a new, state-of-the-art office at Embassy Splendid TechZone in Chennai. Spread across 10 floors, the 760,000-sq ft space will be the single-largest facility for the company in India, with the capacity to accommodate more than 4,000 employees. This takes BNY Mellon’s total footprint across India to more …

19 firms file applications under PLI scheme for white goods in 2nd round

As many as 19 companies, including LG Electronics and Wipro, have filed applications with proposed investments of Rs 1,548 crore to avail benefits under the production linked incentive scheme for white goods in the second round, the commerce and industry ministry said on Tuesday, The government in March reopened the application window for its Rs …

One Moto partners with Royal Sundaram for Insurance services

One-Moto India has announced partnering with Royal Sundaram General Insurance Co. Limited (Royal Sundaram) for the issuance of insurance policies to its customers for EVs at the point of dealerships. The EV startup recently announced its association with Global Assure to provide easy Roadside Assistance Services across India. The brand’s tie-up with Royal Sundaram General …


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