Mon, Nov 18, 2024 12:20 PM
Tata Electronics to buy 60% stake in Apple supplier Pegatron’s iPhone plant
A Flip by Avya Verma
Vietnam's automotive company VinFast - which has ambitions to expand into India - recently got a major funding boost from parent entity Vingroup as well as Chairman Pham Nhat Vuong with a loan of $1.4 billion by the end of 2026, along with a pledge of $2.1 billion in sponsorship from the founder. Vingroup also said it will convert all existing loans of about $3.3 billion to VinFast Vietnam.
Open Flip
IOCL third attempt to secure bidders for its maiden green hydrogen project at Panipat, Haryana, has drawn a blend of domestic heavyweights and global giants, marking a significant shift in industry interest. Among the firms vying for the project are Praxair, a subsidiary of German industrial gas leader Linde; renewable energy player Acme Group; and engineering solutions company Thermax.
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RBI Governor Shaktikanta Das on Monday asked bank boards to strengthen internal governance framework to curb unethical practices, such as mis-selling of products or opening of accounts without proper KYC verification. Das also said that the incentives for bank staff should be carefully structured so as not to encourage them to indulge in unethical practices.
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