Published : 25 January 2024
By : Sachin Gupta
Amara Raja Batteries Ltd announced that its first gigafactory will begin operations before the end of 2025. Additionally, the company stated that giga factories need an integrated strategy that combines high tech, big capital expenditures, giga-size plants, and an ecosystem.
Karnataka Bank reported a net profit of Rs 1,032.04 crore for the nine months of the fiscal year that ended in December 2023—a 25% YoY increase. The bank made Rs 331.08 crore in net profit in Q3FY, a YoY rise of 10.11%.
The Tata Electronics-Wistron agreement has received permission from the Competition Commission of India (CCI). Tata Electronics Private Limited is proposing to acquire all of the equity share capital of Wistron Infocomm Manufacturing (India) Private Limited.