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Technology
Carrier to set up Rs 1,000 crore AC manufacturing plant in Andhra Pradesh's Sri City; Nara Lokesh to lay foundation
Signalling what the state govt describes as a golden era of investments, global air-conditioning major Carrier Global Corporation is set to establish a large-scale manufacturing facility in Andhra Pradesh. HRD and IT minister Nara Lokesh will lay the foundation stone for the new plant at Sri City on Wednesday.
Business
Samsung invites applications for 2026 start-up programme with $50,000 grant
Samsung R&D Institute, Bangalore (SRI-B) and Samsung R&D Institute, Noida (SRI-N) has launched the 2026 edition of Samsung Mobile Advance (SMA), Samsung’s flagship global startup incubation and partnership programme focused on advancing next-generation mobile technologies.
Business
German chemicals major BASF to set up global services hub in Hyderabad, to create 3,000 jobs
German chemical giant BASF is setting up two global services hubs in Hyderabad. This significant expansion will create approximately 3,000 jobs. The new hubs will manage global finance and human resources functions. This move strengthens BASF's presence in India and aims to drive innovation and digital transformation across its worldwide operations.
Technology
ITP Aero breaks ground for Rs 453 crore aerospace components facility in Hyderabad
Aerospace components maker ITP Aero is investing Rs 453 crore to establish a new manufacturing facility in Hyderabad, Telangana. The plant, set to be operational by 2027, will produce commercial aviation engine components and create 350 skilled jobs initially. This expansion reinforces Telangana's position as a growing aerospace and defense hub.