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₹300 crore in the next three-four years to further expand their Sri City manufacturing plant in Andhra Pradesh with an aim to increase India exports, the company’s management said in a press briefing. “So, we have already invested 300 crores in our new Sri factory. And we plan to invest a total of 600 crores in the five years' bracket which is 2021 to 2025.

Employers hired more workers than expected in August, but the unemployment rate held steady due to a population increase of 103,000, so the surprise gain likely won’t bring policymakers off the sidelines when it comes to interest rates, economists say.

London | Britain’s world-leading offshore wind industry has suffered a major blow, after the government set its subsidy rate too low in the latest auction for licences – and failed to attract a single bidder.

The IRS is launching an effort to crack down on 1,600 millionaires and 75 large business partnerships that owe hundreds of millions of dollars in past due taxes

Grocers Kroger and Albertsons are selling more than 400 stores and other assets to C&S Wholesale Grocers in an approximately $1.9 billion deal as part of their efforts to complete their merger

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Panasonic Electric Works India (PEWIN) will invest another Rs 300 crore to increase capacity at its unit in Sri City, Andhra Pradesh, company officials said on Friday. The Japanese company is looking to use the facility for exports and will primarily target the Middle East and African markets, they told reporters here. «We have invested Rs 300 crore as part of the first phase of the project, and will be investing another Rs 300 crore by 2026,» PEWIN Director for power business unit, Rajesh Nandwani, said. At present, the overall production capacity of the company, which operates plants in Daman and Haridwar as well, is 62 crore pieces per year, which will grow to 70 crore by 2025 and 100 crore by 2030, Nandwani said. The company produces various products such as switches and switchboards.

China's Alibaba Group Holding Ltd is putting a potential Hong Kong initial public offering of its Freshippo grocery chain on hold amid weak sentiment for consumer stocks, Bloomberg News reported on Friday, citing sources. The Chinese technology conglomerate has concluded it could likely achieve a valuation of around $4 billion for Freshippo, which is lower than the $6 billion to $10 billion it was targeting when it considered raising a private funding round last year, according to the report.

Fortescue’s most senior executives, Dino Otranto and Mark Hutchinson, say they aren’t yes men, and challenge Andrew Forrest “every single day” within the parameters of the “vision” set out by the company’s billionaire chairman.

climate change and sustainable development goals, even as he acknowledged the geopolitical divisions hurting the grouping. Guterres welcomed India’s slogan for the G20: ‘One Earth, One Family, One Future’. However, he wryly noted, the world wasn’t living up to that promise.

By Davit Kirakosyan

By David Stanway and Riham Alkousaa

It’s what happens to gold when uncertainty grips the market either way.

BofA Global Research said on Friday it expects the European Central Bank (ECB) to hike all three policy rates by 25 basis points at its Sept.

Hackers have targeted a popular Windows-based software packaging tool to infect computers with crypto mining malware, IT security firm Cisco Talos Intelligence Group has revealed.

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By Davit Kirakosyan

On the eve of G-20 Summit in national capital Delhi, the Delhi Police's website is down. The Delhi Police website seems to have crashed amid cybersecurity threats ahead of the crucial international meet in Delhi.

Mazagon Dock Shipbuilders share price rose 5.6%, Shipping Corporation of India share price surged 13%, Dredging Corporation Of India share price jumped 5.2%, Cochin Shipyard share price rose 9.8%, and Garden Reach Shipbuilders & Engineers share price surged 7.4% on BSE. The shipping stocks have been on a bull run on the strength of order wins, the Baltic Dry Index reaching over one-month highs on advances across vessel sectors, and most crucially, getting government approval for long-pending biggest order worth ₹19,000 crore for shipping companies.

OTTAWA-Bank of Canada Gov. Tiff Macklem said higher interest rates are suppressing consumption and dampening price increases, and might be at “sufficiently restrictive” levels for the central bank to achieve its 2% inflation target.

Investing.com — European stock markets edged higher Friday, as investors digested better than expected French industrial production data at the end of a difficult week.