FLEX Financial News

The Liontown Resources share price has slumped in a sign investors see little hope for Albemarle’s $6.6 billion takeover tilt at the lithium play after Gina Rinehart boosted her stake to 19.9 per cent.

Maruti Suzuki: Maruti Suzuki India Ltd on Monday said it is looking to invest as much as ₹1.25 trillion by 2030-31 to develop 10-11 new models, including six electric vehicles (EVs), and double its annual production to 4 million units. In a presentation, the country’s largest carmaker said it plans to dial up its presence in new vehicle segments, including hybrid, flex fuel and electric, particularly in the sport utility vehicle (SUV) format. Adani Group: Adani Group has released a media statement condemning the ‘Malicious Campaign’ by UK-based newspaper Financial Times, claiming that the media outlet has been rehashing old and baseless allegations to hamper the global reputation of the conglomerate.

₹1.25 trillion by 2030-31 to develop 10-11 new models, including six electric vehicles (EVs), and double its annual production to 4 million units. In a presentation, the country’s largest carmaker said it plans to dial up its presence in new vehicle segments, including hybrid, flex fuel and electric, particularly in the sport utility vehicle (SUV) format. The company said it expects EVs to make up 15-20% of its sales by 2030-31.

smartphones, tablets, laptops, accessories, and wearables from the South Korean giant. Among the select smartphone models that are receiving up to 45 per cent discounts on their prices include the Samsung Galaxy Z Fold 5, Galaxy Z Flip 5, S23 Ultra and others. These deals are accessible through the official Samsung website, Samsung Shop App, and Samsung Exclusive Stores. In addition to these direct discounts, customers can also benefit from attractive EMI options and bank cashback offers.

By Mrinalika Roy

2023 saw 38 million sq ft of office space taken up in the top six cities, nearly matching the absorption during the same period in 2022, indicating strong momentum despite global uncertainty, as per a Colliers study. The southern cities accounted for nearly 60% of office space demand in the first nine months of 2023. Among the top six cities, Bengaluru and Delhi-NCR led the way, comprising half of India's total office space demand.

Chromebook devices will be made at the Flex Facility located near Chennai, where HP has been manufacturing various laptops and desktops since August 2020. Production of HP Chromebooks is set to commence on October 02, 2023.

India's income tax department conducted searches at the premises of Apple supplier Flex in Tamil Nadu state, a source said on Wednesday. Income tax officials have visited the Chennai factory as part of the inquiry, the source said, adding that Flex has yet to be informed about the purpose of the visit. The income tax department did not immediately respond to a Reuters' request for comment.

income tax department conducted searches at the premises of Apple supplier Flex in Chennai in Tamil Nadu state, local media reported on Wednesday. The IT department did not respond to a Reuters' request for comment.

One Nation-One Grid-One Frequency," said Puri. Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! Hailed as the fuel of the future, Hydrogen holds immense potential in helping India achieve its decarbonization targets.

flexible office space in India are seeing demand outstrip supply as companies expand rapidly and adopt hybrid work models to offer better work-life balance. In recent transactions, companies including Microsoft, EY, DE Shaw India, Coforge, Shell, Groww, and Air India have leased substantial office space through managed office providers to facilitate operational expansion. In the period spanning Q1 to Q2, Google acquired 4,000 seats in Bengaluru, while Mastercard leased 1,000 seats in Navi Mumbai and EY secured 2,400 seats in Pune. “The adoption of enterprise seats closely aligns with the widespread acceptance and adoption of the managed space and the overall flex model,” said Neetish Sarda, founder of Smartworks, a managed workspace provider. “We have around 8 million sq ft of space under management and are in the process of closing another million square feet spread across multiple geographies.

Bismillah Khan's house in Varanasi was demolished in 2020 to make way for a commercial complex. A year before, RK Studios in Mumbai, set up by Raj Kapoor in 1950 and where so many iconic movies were shot, was also razed. Joining this 'graveyard of invisibles' now is cricket legend Vijaya Hazare's bungalow, Pushpakoot, in Vadodara, set to be demolished. There is a need to genuinely sit down and think about how we collectively value, recognise and preserve buildings and structures that embody our culture.

Evercore ISI senior managing director Mark Mahaney explains his Chewy downgrade and why investors should be adding Uber to their portfolios on 'Varney & Co.' 

Asus has announced plans to relocate key component suppliers from its primary manufacturing hub in China to India. The company is collaborating with contract manufacturer Flex to establish a new factory in Chennai, capitalizing on the government's revamped Rs 17,000-crore production-linked incentive (PLI) scheme for IT hardware. With a market valuation of $15 billion, Asus aims to aggressively expand its production operations in India, relying on the government's PLI scheme.

The interim judicial managers of embattled crypto lender Hodlnaut have opposed the takeover terms from OPNX, a digital asset exchange associated with the founders of failed hedge fund Three Arrows Capital.

When video conferencing specialist Zoom Video Communications Inc. called staff back to the office last month, it was widely interpreted as the disintegration of the remote work experiment. The pro-office message, four years after the pandemic triggered a white-collar retreat, was seized on by Elon Musk, who described it as morally wrong for “laptop classes living in la-la-land” to work from home. Amazon.com Inc. is tracking attendance and emails staff who fail to attend three days a week, while Alphabet Inc.’s Google says absence will affect staff performance reviews. In the United Kingdom, banks including Lloyds Banking Group, Citigroup Inc. and HSBC Holdings PLC, have taken the September cue to tighten their in-office mandates.

Maruti Suzuki, Bajaj Auto, TVS Motor Company and Eicher Motors are among Indian automakers working on range of eco-friendly technologies, including biogas, flex-fuel and ethanol, to achieve the government’s goal of clean mobility in line with the Global Biofuels Alliance (GBA) announced at the G20 Summit. While two-wheeler makers such as Hero MotoCorp, Bajaj Auto, and TVS are looking to commercially launch one model each running on flex fuel by October 2024, carmakers such as Maruti Suzuki are developing vehicles powered by biogas which would be carbon neutral. For passenger vehicles, the timelines for mass introduction of flex fuel vehicles have been set at April 2027 given the complex product mix and volume constraints. Vinod Aggarwal, president of industry body Society of Indian Automobile Manufacturers (Siam) said there has been significant progress in biofuels and alternate fuels. “The industry has showcased flex fuel vehicles on pilot basis in both two wheelers and passenger cars.

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strike Friday after their leaders couldn’t bridge a giant gap between union demands in contract talks and what Detroit’s three automakers are willing to pay. Members of the United Auto Workers union began picketing at a General Motors assembly plant in Wentzville, Missouri, a Ford factory in Wayne, Michigan, near Detroit, and a Stellantis Jeep plant in Toledo, Ohio. It was the first time in the union’s 88-year history that it walked out on all three companies simultaneously as four-year contracts with the companies expired at 11:59 p.m. Thursday. The strike will likely chart the future of the union and of America’s homegrown auto industry at a time when U.S.

National Australia Bank will shut down its office in Hong Kong after deciding that Shanghai, Singapore and Tokyo are the preferred regional centres to support its institutional banking clients in Asia.

(Reuters) — A tight U.S. labor market, expiration of cyclical contracts and high living costs have triggered tough negotiations for pay hikes and other benefits by workers and strikes and protests across industries.