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Trump's election has put US companies and those who have American companies as top clients in a 'wait and watch' mode, as they have put a pause on making further investments in India. This is causing worry among several state governments, with officials telling ET that companies are holding off on finalising large investments as they await clarity on Trump's policies after his inauguration as President on January 20. Several of them also expect the Trump administration's policies to favour India over China and see it as a positive for Indian businesses. «There is too much uncertainty right now,» one person from a large electronics manufacturing services firm said. «Any further investment into India is on hold until we get clarity on what Trump's policies will be,» the person said. «We are also heavily reliant on our clients and their strategy to base our next moves and at the moment our clients are not wanting to commit to anything further as they may have to set up more factories in the US. We will ultimately go where the client wants.»

N Balachandar, senior vice president and group chief people officer at Bhavish Aggarwal-led Ola group, has quit, people in the know said. Balachandar was appointed as the chief human resources officer of Ola Electric in May 2021 and was elevated to the group level later that year. He headed the HR function for ride-hailing firm Ola Cabs (now Ola Consumer), listed electric two-wheeler maker Ola Electric and artificial intelligence startup Krutrim. One of the people said Balachandar has started a management consultancy firm. “He had been in discussions with Bhavish (Aggarwal) for several months to resign…finally he left last month (in November),” the person said.

Toyota says it will build a new paint facility as part of a $922 million investment at its factory complex in Georgetown, Kentucky

Subscribe to enjoy similar stories. New Delhi: The Andhra Pradesh government has decided not to extend road tax waivers and cash incentives for buyers of hybrid vehicles, in its new sustainable electric mobility policy document seen by Mint. The policy, effective 11 December, extends benefits only to electric two-, three-, and four-wheelers, goods carriers, and e-buses, diverging from other states like Uttar Pradesh that have incentivized hybrids to promote cleaner mobility. The policy, valid until 2029, is part of Andhra Pradesh’s goal to achieve carbon-neutrality in the transport sector by 2047.

Subscribe to enjoy similar stories. Drugs used to treat diabetes and obesity, or GLP-1 (Glucagon-like peptide-1), will be a significant growth driver for OneSource Specialty Pharma, CEO and MD Neeraj Sharma said. On the other hand, biologics is a long-term play for the company, as the business has a long gestation period.

New Jersey is seeking to drastically reduce the amount of plastics and other packaging material that's tossed out once a package is opened

Capital Group on Thursday exited Neuland Laboratories by selling 3.77 per cent stake in the company for Rs 756 crore through an open market transaction. Neuland is a leading global API Contract Development and Manufacturing Organisation. US-based Capital Group through its arm SmallCap World Fund Inc offloaded shares through a bulk deal on the National Stock Exchange (NSE).

Arvind Panagariya said on Thursday. He also cautioned that one has to be careful about investments from potentially «unfriendly countries» that might damage the interest of the nation. However, developed countries are accepting investments from China in any particular sector, India can also welcome such investments. «If the US is taking investment from China, if Germany is taking, I would (be) open to their investment. The activities from which you want to exclude are relatively few because I don't see other countries restricting Chinese investment in large number of sectors,» Panagariya said at the CII Global Economic Policy Forum 2024.

Waaree Energies shares rallied 4% to Rs 3,303 in Thursday's intraday trade on the BSE after the company’s arm, Waaree Forever Energies, received a Letter of Award (LoA) for the development of a 170 MW solar power plant in Madhya Pradesh. «Waaree Forever Energies Private Limited, a wholly owned subsidiary of the company, has today received a Letter of Award (LoA) for the development of a 170 MW solar power plant in Madhya Pradesh from Rewa Ultra Mega Solar Limited (RUMSL),» the company said in an exchange filing.

Subscribe to enjoy similar stories. Two key pieces of economic data released last month have rung alarm bells on the state of India’s economy. The first was on retail inflation, which breached the 6% upper tolerance limit in October, climbing to 6.21%, the highest since August 2023.

Gopal Snacks shares skidded as much as 10% on Thursday to Rs 406.75 on BSE after a major fire incident at the company’s snacks manufacturing facility on the outskirts of Rajkot city in Gujarat. The company disclosed this development in an exchange filing. The snacks manufacturer said there had been no casualties or injuries onsite at the Rajkot factory and there has been no loss of data or disruption to the company’s IT systems due to the fire.

RLNG gas supply agreement with GAIL for 7 years. “We would like inform you Our Company has entered into an agreement with GAIL (India) Limited (GAIL) and exchanged the document at Raipur on 10.12.2024 for supply of RLNG Gas for Company's upcoming pellet plant in the ordinary course of business for a period of 7 years,” said the company in a filing to the exchanges.

Subscribe to enjoy similar stories. The Centre is working on a $3 billion package for the electronics industry to encourage private sector research and development (R&D) and create leading brands, two people aware of the development said. A task force set up by the ministry of electronics and information technology (Meity) six months ago studied the viability and market-readiness of such a scheme and submitted actionable points, the people said on the condition of anonymity.

Subscribe to enjoy similar stories. Dr. Vikram Ambalal Sarabhai, father of India’s space programme, once said, “We do not have the fantasy of competing with the economically advanced nations in the exploration of the moon or the planets or manned space flight.

inverted duty structure for certain products in sectors like aluminium in the forthcoming Budget to boost domestic manufacturing, an official said. Inverted duty structure refers to taxation of inputs at higher rates than finished products that result in the build-up of credits and cascading costs. The industry has shared a list of products. An industry official said they want a cut in import duty of raw material for the aluminium sector.

BEML Ltd on Wednesday said it has secured a Rs 136-crore contract for the supply of indigenously designed High Mobility Vehicles (HMV) 8x8. These vehicles will play a pivotal role in the Battle Field Surveillance System (BFSS) project, reinforcing India's defence capabilities and advancing the government's vision of Atmanirbhar Bharat, the PSU under the Ministry of Defence said. Manufactured at BEML's facilities, the HMV 8x8 is designed to deliver exceptional reliability and versatility, even in the most challenging environments. Key features of these vehicles include an independent suspension system, a high-power air-cooled engine, a central tyre inflation system, an anti-lock braking system and a backbone tube chassis design.

staffing industry added about 235,000 temporary workers (white and grey collar roles) in the year to September 30, up 5.9% quarter-on-quarter and 17.9% year-on-year, according to a report released by the Indian Staffing Federation (ISF) on Wednesday. Sectors including fast-moving consumer goods (FMCG), e-commerce, manufacturing, healthcare, retail, logistics, banking, energy and hospitality drove the growth, it said. As of September, the flexible workforce stands at 1.81 million employed by around 130 ISF members, according to the report.

East Ocyon Bio, an allogeneic Cell & Gene Therapy (CGT) startup, on Wednesday, announced the closure of its $4.2 million seed round. The investment round was led by Aeravti Ventures and Micro Labs. The newly raised funds will be utilised to enable several initiatives like pre-clinical testing of CAR-NK and CAR-gamma delta T cell therapies, the creation of a GMP manufacturing facility, and Phase I clinical trials. Renu Kundu, Founder of East Ocyon Bio, said in a statement, «We are incredibly grateful for the support of Aeravti Ventures and Micro Labs, whose belief in our vision is instrumental in our journey toward clinical validation of this transformative technology.» Rishabh Singh, Managing Partner at Aeravti Ventures, said in a statement, “India is the cancer capital of the world but receives innovative therapies years after the west. Our partnership with East Ocyon Bio reflects our commitment to supporting impactful organisations that indigenise innovation and create cutting-edge products for the world.”

IPO) of the digital payments platform Sai Life Sciences will open for public subscription today, and will close on December 13. The Rs 3,042 crore issue includes a fresh issue of 1.73 crore shares, aggregating to Rs 950 crore and an OFS of 3.81 crore shares. The company said that it would use the proceeds from its IPO to repay its debts and for general corporate purposes.

The chipmaking icon's revenue for the first nine months of this year, which was roughly flat year-on-year at $38.84 billion, was below the ratings agency's expectations, S&P Global said. The departure of CEO Pat Gelsinger, who was critical to the Intel's integrated manufacturing strategy, also adds uncertainty to the execution of the company's turnaround plan, S&P Global said.