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Foxconn unit, which sells components to the likes of Apple and Lenovo to garner about a third of the Taiwanese contract manufacturer's aggregate revenue, is looking to build an operational facility in Tamil Nadu by next year, multiple people aware of the discussions told ET. Foxconn's parent company Hon Hai Technology already has large existing facilities in Tamil Nadu and is looking to further ramp up these sites. For instance, it manufactures iPhones for Apple exclusively in a facility in Sriperumbudur near Chennai.

NEW DELHI : Go First must sign fresh lease agreements for 30-35 aircraft since lessors have already terminated the previous ones following its insolvency filing, two people aware of the development said, delaying the low-fare airline’s plans for a quick return to skies. “While the airline is making active efforts to relaunch flight operations, it will need to re-enter into fresh lease agreements or get the termination revoked by the lessors in case it wants to operate these 30-35 aircraft whose lease agreements were terminated around the time the airline filed for insolvency," one of the two people said. Go First filed for insolvency on 2 May and suspended operations with effect from 3 May, leaving a void of 6.8% in the domestic civil aviation market.

New Delhi: The Drugs Controller General of India (DCGI) Rajeev Raghuvanshi has issued advisory for doctors, medical professionals and patients using pholcodine containing cough syrups and cold remedies by recommending them stop using such cough syrups after World Health Organsiation (WHO) alerted about the safety concern in cough syrups. WHO has warned healthcare professionals and regulatory authorities of the risk of anaphylactic reactions in the people who have taken pholcodine containing cough syrups and cold remedies atleast 12 months prior to surgical procedures involving the administration of general anesthesia with neuromuscular blocking agents (NMBAS).

MUMBAI : Healthtech platform Pristyn Care has suspended Rahul Narang and Saurabh Arora, the founders of Lybrate Inc., a day after the duo served a default notice demanding outstanding payment resulting from Pristyn Care’s acquisition of their company in June 2022, two people aware of the development said on condition of anonymity. Tiger Global-backed Pristyn Care, which runs a network of hospitals and clinics through partners, had acquired Lybrate to enter the primary-care segment. While the deal size was not disclosed, it was said to be $20-30 million, including payments to other investors of Lybrate, such as Nexus Venture Partners, Tiger Global Management, and Ratan Tata’s RNT Associates.

NEW DELHI : The Union steel ministry has started industry consultations to frame India’s first stainless steel policy, an official aware of the matter said. The policy will aim to raise domestic capacity by nearly fivefold by 2047, from the current 6.6 million tonnes (mt) to 30 mt. A key objective of the policy is to reduce dependence on China for nickel, silicon and chromium, which are used to make stainless steel.

drug regulator has issued an advisory asking doctors to advise patients to stop taking suppressant pholcodine-containing cough syrups immediately and suggest alternatives, amid concerns that it can trigger life-threatening allergic reactions in people who have to go for general anaesthesia before surgery.

By Sarah N. Lynch and Richard Cowan

namkeens, snacks and sweets, he said. “We are coming up with ad films that will be aired. The festive season is big for us, and that’s where our marketing spend is primarily skewed towards.

India’s largest private sector lender HDFC Bank Ltd is working on establishing a more inclusive workplace, enhancing customer service and strengthening digital infrastructure, chief executive officer Sashidhar Jagdishan said on Wednesday. In his message to shareholders in the bank’s annual report, Jagdishan emphasized the importance of fostering a supportive culture to effectively harness talent, potential and capabilities. To achieve this goal, the bank has implemented a managerial behaviour framework based on the principles of nurture, care and collaboration.

₹75,000 for those earning more. On Tuesday, Dunzo wrote to its employees that it will pay the July and August salaries, as well as the unpaid portion for the higher earners, by 4 September. Earlier, the company had decided to pay out the unpaid portion by 15 July, and there was no plan to defer salaries for others.

Indian Air Force (IAF) in September, said a report by Hindustan Times onWednesday IAF crews will carry out acceptance trials of India’s first C295 transport aircraft at the Airbus Defence and Space’s Seville facility in southern Spain in early September before taking delivery of the plane, said the report citing Airbus officials aware of the matter. The delivery of C295 to India will set in motion a crucial ‘Make in India’ project worth  ₹21,935 crore to equip the IAF with 56 such aircraft.

In the investment world, benchmarks are essential when comparing fund performances across all asset classes, including equity, fixed income, etc. Creating benchmarks has been an evolving science. Finding a precise and accurate benchmark is a process that comes with its own challenges and a number of factors need to be carefully considered before selecting the one that will work for you.

NEW DELHI : The Union health ministry is working on a national plan to combat anti-microbial resistance (AMR) that is becoming a public health threat, a government official aware of the matter said. The ministry has formed a high-level committee to develop a National Action Plan Anti-Microbial Resistance 2.0 (NAP AMR), the official said on condition of anonymity. AMR occurs when bacteria, viruses and fungi become immune to medication over time, making it harder to treat ailments.

Amid a social media uproar over a pilot and her husband being beaten up for allegedly abusing a 10-year-old girl working as domestic help, IndiGo, Wednesday said the airline has derostered the employee from duties and the matter is being investigated. Without specifically mentioning about the case, IndiGo—a low-cost airline--said “it is aware of a video circulating on social media that allegedly involves an individual employed by the airline. We are currently investigating the matter.

Crypto memes may amount to criminal offenses if they don’t comply with existing financial promotion rules, warned the United Kingdom’s top financial regulator on Monday. 

The U.S. Drug Enforcement Administration’s second-in-command has quietly stepped down amid reporting by The Associated Press that he previously consulted for a pharmaceutical distributor sanctioned for a deluge of suspicious painkiller shipments and di...

2026 Commonwealth Games in Ahmedabad, and said that acquiring the hosting rights for the 2036 Olympics is its focus. The officials denied reports published in a section of media which suggested that the state authorities may bid to host the 2026 Commonwealth Games at Ahmedabad after Australia suddenly pulled out from hosting the games due to cost concerns.

₹75,000 each for June. Around 500 employees were said to be affected by the move, which accounts for 40-45% of its workforce. It had fired around 30% of its workforce in April.

India. Vaccines have a significant impact on overall health, they said, expressing concern regarding the poor status of adult vaccination in India. Vaccination can prevent over 95 per cent of deaths caused by vaccine-preventable diseases in the country.

Reliance General Insurance will soon receive an equity infusion of Rs 200 crore from its parent Reliance Capital which is undergoing bankruptcy proceedings, said people aware of the development. The committee of creditors of Reliance Capital approved last week a proposal to infuse capital – a move that would help the private insurer to retain its market share in the non-life industry. Reliance General Insurance is the most valuable asset through which lenders hope to recover a substantial part of their dues, and any dip in its valuation would correspondingly lower the company's valuation, said one of the lenders.

Seven in 10 jobseekers choose flexibility as the top parameter while on the job hunt, shows Indeed’s new survey 'The Job Search Process: A Look from the Inside Out', which aims to gain insights into the preferences, challenges, and aspirations of jobseekers amidst global economic shifts. The report sheds light on the essential aspects sought by jobseekers, highlighting the challenges they face in their job search. For 71% of Indian jobseekers, work flexibility takes the top spot as a crucial parameter.