ITC to invest Rs 20,000 crore in new manufacturing units in medium term: Chairman Sanjiv Puri

As part of its growth strategy, the company has already set up eight new manufacturing facilities across FMCG, Sustainable Packaging and export-oriented Value-Added Agricultural Products in recent years, he added. Puri said the company will prioritise its ‘Bharat First’ strategy-focusing on deepening its domestic presence, before making a significant overseas impact. He added that new…

STMicro to buy part of NXP Semiconductors’ sensor business for up to $950 million

July 24 (Reuters) – French-Italian chipmaker STMicroelectronics (STMPA.PA), opens new tab said on Thursday it would acquire part of NXP Semiconductors’ (NXPI.O), opens new tab sensor unit for up to $950 million in cash. The deal would expand STMicro’s portfolio of MEMS-based electromechanical sensors, which include safety and monitoring sensors for vehicles as well as…

Zoho backs Netrasemi with ₹107 crore, bets big on India’s semiconductor future

Zoho backs Netrasemi with ₹107 crore, bets big on India’s semiconductor future Zoho Corp, one of India’s most profitable and globally respected SaaS companies, is making a bold move—this time not in software, but in silicon.   The Chennai-headquartered company has invested ₹107 crore in Kerala-based semiconductor startup Netrasemi, leading its Series A round alongside…

Net FDI Slumps 98% in May 2025

The net foreign direct investment (FDI) in India — which is the difference between gross inflows and outflows– declined sharply by 98.2 per cent to $ 40 million in May 2025 from $ 2.2 billion in May 2024, on higher repatriation/divestment and outward investments from the country, RBI data showed. For May 2025, repatriation/divestment stood…