Apple Supplier Foxconn Joins Hands With Vedanta Group To Make Semiconductors In India

Apple iPhone supplier Foxconn has recently joined hands with Indian oil-to-metals company Vedanta to manufacture semiconductors in India. A memorandum of understanding has been signed among the two companies that will create a joint venture for manufacturing chips in the country. The collaboration of these companies supports the Indian Prime Minister’s vision to manufacture semiconductors in the country to counter the global chip shortage.

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LIC IPO: DHRP filed with SEBI, government to offload 5% stake

February 17, 2022

The government will sell 5% of its stake in India’s largest insurance company, Life Insurance Corporation (LIC), through an initial public offering (IPO), of which 100% is offer for sale. LIC filed its draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (Sebi) on Sunday, thus setting the wheels in motion for the country’s largest-ever IPO.

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Airtel deploys Oracle’s Cloud ERP, Cloud SCM applications to enhance overall productivity, agility

February 17, 2022

Oracle said Bharti Airtel, one of India’s leading telecommunication brands, has chosen Oracle Fusion Cloud Enterprise Resource Planning (ERP) and Oracle Fusion Cloud Supply Chain & Management (SCM) to digitise and simplify its finance, planning and supply chain processes. These deployments would transform Airtel’s shared services operations towards improving productivity and agility across the company.

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