Foxconn, the multinational electronics manufacturing company, has announced plans to invest $1 billion USD to establish a smartphone display assembly unit in Tamil Nadu, India, solidifying its position as a key manufacturing hub in the country. According to reports, this investment will boost local manufacturing, create jobs, and strengthen India’s position in the global supply…
Jabil: $238 Million Manufacturing Plant In India
Jabil Inc. is an American multinational manufacturing company founded in 1966 and headquartered in St. Petersburg, Florida. It specializes in the design, engineering, and manufacturing of electronic circuit board assemblies and systems, along with supply chain services to Apple and various industries. According to reports, Jabil has announced plans to set up a manufacturing plant…
Tower Semiconductor: $10 Billion Investment In India
Tower Semiconductor Ltd. is an Israeli company founded in 1993 and headquartered in Migdal Haemek, Israel. It manufactures integrated circuits using specialty process technologies for a wide range of applications. According to reports, Tower Semiconductor and Adani Group have announced plans for a joint investment of $10.01 billion USD in a semiconductor project in India’s…
TotalEnergies: $444 Million Joint Venture Investment
TotalEnergies has announced plans to invest $444 million USD in a joint venture with Adani Green Energy to develop a 1,150 megawatt solar power portfolio in India. According to reports, the portfolio will consist of a mix of operational and under-execution solar assets. The joint venture will be split 50:50 between Adani Green and TotalEnergies….
India: Bus Crash Kills 18
Uttar Pradesh is a state in the northern region of India. It is the most populous state in the country, with a total population of over 241 million residents as of 2021. According to reports, a double decker bus heading to New Delhi from the northern Indian state of Uttar Pradesh crashed into the back…
India: Koo Is Shutting Down
Koo is an Indian microblogging and social networking service, launched in 2020 with its headquarters in Bangalore. It allows users to share their thoughts and opinions in the form of ‘koos’. It boasts over 60 million users as of 2022 and has been used as an alternative to Twitter, which is now called X. According…
India: $2.25 Million Binance Fine
India’s Financial Intelligence Unit (FIU) has issued a fine of $2.25 million USD to Binance for violating the country’s anti-money laundering regulations. The FIU is a central national agency in India that is in charge of monitoring and controlling financial activities in the country and identifying patterns and suspicions of money laundering crimes. According to…
India: Train Accident Kills 15
A train accident involving a passenger train and a freight train occurred in West Bengal, India’s eastern state, today, June 17, 2024. The collision occurred near the Darjeeling district and has resulted in at least 15 fatalities and 60 injured people. According to reports, the death toll could increase as emergency response teams are currently…
India: Launches World’s First 3D-Printed Rocket Engine
AgniKul Cosmos Private Limited is an Indian aerospace manufacturer founded in 2017 with its headquarters in Chennai, India. The company specializes in launch vehicles and satellite propulsion systems. According to reports, Agnikul launched its first sub-orbital test spacecraft named Agnibaan SOrTeD (Sub-Orbital Technology Demonstrator), powered by 3D-printed semi-cryogenic engines on May 30, 2024, from its…
Bangladesh: Cyclone Remal Makes Landfall
The People’s Republic of Bangladesh, also referred to as Bangladesh, is a country located in South Asia with a population of around 169 million residents as of 2022. It is bordered by India, Myanmar, Nepal, and China. According to reports, Cyclone Remal made landfall in the coastal regions of Bangladesh and West Bengal, India, on…