Week in Business: News that made highlights
The weather might be getting colder around the country but the business domain kept itself warm this week. News from across the sectors kept flowing. Big investments, expansions, and projects were announced that are expected to bring business in the coming days.?
In this section, we would take a look at such business news from the week that made highlights.?
CapitaLand India to invest in Data Centre?
CapitaLand India Trust (CLINT) announced its investment of Rs 1,940 crore. The investment would go in for its 3rd data center in India, which will come up in Ambattur, Chennai.?
CLINT is acquiring a 4.01-acre freehold site for Rs 83.28 crore for the same and investments will be made in phases over the next four-five years. The new data center will have a power capacity of 55 megawatts (MW).
Vedanta signs pact for semiconductor manufacturing
Multinational mining business owner Vedanta Group signed pacts with 30 Japanese technology companies. The pact was signed for the development of the Indian semiconductor and glass display manufacturing ecosystem. The firm said that it is committed to making India a hub for electronics manufacturing.
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Mahindra And Mahindra to invest Rs 10, 000 crore
Automotive manufacturing major Mahindra And Mahindra (M&M) announced an investment of Rs 10,000 crore for setting up an electric vehicle (EV) manufacturing facility in Pune.
The facility will be set up under the Maharashtra government’s industrial promotion scheme for EVs.
McDonald's to expand stores network in India
American multinational fast food chain McDonald's is looking to double its outlets to cross 300 restaurants in North and East India in the next 3 years. This news comes as it rolled out its largest restaurant in India at Guwahati, spread across 6,700 sq ft with a capacity to feed 220 people.?
Noida Metro Link project gets Rs 2,197 crore investment?
Public Investment Board (PIB) gave its go-ahead to the 14.9 km Noida-Greater Noida Metro Link project. The project would take an investment of Rs 2,197 crore. This project would extend Metro connectivity into the Noida and Greater Noida areas, which are home to several newly-built residential housing colonies.