Maharashtra Chief Minister Eknath Shinde has said that the state has inked memorandums of undertaking (MoUs) worth Rs 3,53,675 crore at the World Economic Forum 2024 in Davos, Switzerland. Shinde thanked investors, noting the increased confidence of global industries that showed interest in investing Rs 1 lakh crore in Maharashtra. These MoUs have the potential … Read more
Indian mills produced 14.87 million metric tons of sugar between Oct. 1 and Jan. 15, a 7% fall from the previous year, because of lower output in key producing Maharashtra and Karnataka states, a leading industry body said on Wednesday. Maharashtra’s sugar production fell to 5.1 million tons from 6.09 million tons, while Karnataka’s production … Read more
Hyundai Motor is set to invest a substantial amount of Rs 7,000 crore to revamp its recently acquired second plant in India. The automotive giant successfully acquired the dormant factory from General Motors Co., marking a significant development in the Indian automotive landscape. The investment agreement is poised to be officially signed at the annual … Read more
The General Motors Employee Union (GMEU) is unlikely to pursue further legal recourse after the Bombay High Court dismissed its plea challenging the closure of the company’s plant in Maharashtra, said people privy to the matter. Instead, it may work out a compensation plan with the US automaker. The union is unlikely to stretch this … Read more
