Business

Foxconn Group, the Taiwanese electronics contract manufacturer, is planning to increase its investment in the Telangana facility. The board of Foxconn Interconnect Technology Ltd (FIT) has approved an infusion of an additional $400 million into Chang Yi Interconnect Technology (India) Pvt Ltd, the subsidiary company responsible for implementing the project. This news comes just three months after the groundbreaking of…

Raipur: The Chhattisgarh government is considering granting permission for students who have failed in two subjects to sit for supplementary exams. This move comes in response to the growing demand from students, and if approved, it will benefit approximately 80,000 students across the state. The higher education department of the Chhattisgarh government has established a committee to amend the university…

Corporate distress among small and medium-sized enterprises (SMEs) reached its highest level since mid-2020 in the three months leading up to May in Britain and Europe, according to an index compiled by law firm Weil Gotshal and Manges. The study showed that SMEs are particularly struggling as credit conditions tighten and higher interest rates squeeze liquidity. Andrew Wilkinson, co-head of…

Asian crude imports reached a record high in July, mainly driven by China and India importing large volumes of discounted Russian oil. According to data compiled by Refinitiv Oil Research, Asia received a total of 27.92 million barrels per day (bpd) in July, surpassing the previous record set in May. China accounted for a significant portion of Asia’s imports, with…

The Admission Committee for Professional Undergraduate Medical Educational Courses (ACPUGMEC) has announced that out of the 21,769 registered students, a total of 21,076 students have been selected in the provisional merit list for admissions in medical, dental, ayurveda, and homeopathy undergraduate courses in the state. The medical and other three branches have a total of 14,782 seats available. In terms…

Gurugram-based edtech company LawSikho has experienced a significant growth during the 2022-23 fiscal year, with its revenue doubling to Rs 37 crore from Rs 18.57 crore the previous year. The company has set its sights on achieving a revenue of Rs 100 crore by 2023-24. “We are thrilled to announce another year of robust growth, which is a testament to…

Our current world is witnessing a significant advancement in mechanization, automation, manufacturing, product delivery, and overall customer satisfaction. As a result, organizations are now focusing on perfecting the faculty of supply chain management. The need for minimizing errors, especially in critical scenarios such as delivering vaccines or expensive medications to medical facilities, or transporting vital components for crucial business machines,…