Tag Archives: Invest

BMW TO INVEST €1 BILLION IN A NEW CAR FACTORY IN EASTERN HUNGARY

BMW said it is investing 1 billion euros ($1.17 bln) in a new car factory in eastern Hungary, a project that could contribute to the country’s growth and strengthen its position as a centre for premium car manufacturing in the region. BMW. The new plant, to be built near the city of Debrecen about 230 kilometres east of Budapest, will ... Read More »

5 things you should definitely check before you invest in a used car

We all know purchasing a used car is a big decision for many. Though trusted pre-owned marketplaces like Droom have made this a hassle free affair, we can totally relate to your fears and concerns, especially when you are putting in your hard earned money into such a big ticket item. Cars, be it new or used, are still an aspirational asset ... Read More »

Tim Cook on Apple’s Plans to ‘Invest Significantly’ in India, Retail Stores, and Demonetisation

Apple reported strong holiday quarter earnings on Tuesday with both revenue and iPhone unit sales at record levels, and the profit just shy of the record numbers seen in the same quarter last two years. Revenues from all markets except China were at an all-time high as well, and this strong showing by Apple was also reflected in its India ... Read More »

Oppo Plans to Invest $216 Million to Establish Industrial Park in Greater Noida

Betting big on the booming Indian smartphone market, Chinese smartphone maker Oppo is planning an industrial park in Greater Noida which will house a manufacturing unit. “We already have a production unit in India and the SMT (surface-mount technology) centre is now undergoing the furnishment…it will be finished in February. Also, with regard to the industrial park, we will have ... Read More »

Samsung to Invest More Than $1 Billion to Boost US Chip Production

Samsung Electronics Co Ltd said on Tuesday it planned to invest more than $1 billion by the end of June 2017 to boost production of system chips at its Austin, Texas, facilities in the United States to meet growing demand. The South Korean firm, the world’s second-largest chipmaker behind Intel Corp, said in a statement its investment would boost output ... Read More »

LG Display to Invest $1.75 Billion for Flexible Oled Screens

LG Display Co., a supplier of Apple’s iPhone screens, said Wednesday that it will invest KRW 1.99 trillion ($1.75 billion or roughly Rs. 11,768 crores) to produce flexible displays for smartphones, in a sign that more high-end smartphone makers may adopt flexible screens in the near future. The South Korean company said mass production of flexible displays will start in ... Read More »

PF Body May Invest Up To 12% In Equities, Says Minister

Hyderabad: Buoyed by strong stock markets, Labour Minister Bandaru Dattatreya has said the Employees Provident Fund Organisation may invest up to 12 per cent of its investable amount in equities over a period of time. According to the minister, as of June 30, retirement fund body EPFO invested Rs 7,468 crore in two index-linked ETFs (exchange-traded funds) – one to ... Read More »

Micromax Says May Invest Rs. 2,000 Crores in Manufacturing in the Next 5 Years

Micromax, country’s second-largest handset maker is likely to invest around Rs. 2,000 crores in the next five years in manufacturing and new product lines, its co-founder Rajesh Agarwal said Thursday. He said the company is expected to clock Rs. 15,000 crores revenues during the current fiscal. It recorded Rs. 12,000 crores revenues last year. “We are planning to manufacture accessories ... Read More »

Uber to Invest 120 Crore in Haryana to Help Create Smarter Cities

Ever since its inception in 2009, the Uber smartphone application has taken the taxi service industry by storm in several markets. It connects riders with drivers and has helped reduce the dependency of people on their own private modes of transport as it offers an affordable, convenient and safe alternative. The company’s strategy has worked so well that today, the ... Read More »

Datawind to Invest Rs. 100 Crore on Third Manufacturing Facility

Encouraged by the Make in India push, Aakash-maker DataWind intends to spend Rs. 100 crore on a third manufacturing facility and is in talks with eastern states including West Bengal and Bihar, its CEO stated. “We have earmarked Rs. 100 crore to set up a third manufacturing unit and are in talks with eastern states including West Bengal and Bihar ... Read More »