Invests

Toyota Motor Indian subsidiaries plan to spend a combined INR48n (US$624m) making components for electric and hybrid vehicles (EV) in the country as part of efforts to achieve carbon neutrality by 2050. Majority owned Indian vehicle making joint venture, Toyota Kirloskar Motor, and its local transmission components joint venture Toyota Kirloskar Auto Parts, announced jointly they had signed a memorandum of understanding (MoU) to spend…

India's Reliance Industries is investing $200 million (roughly Rs. 1,510 crore) in Glance, a lock screen content company backed by Alphabet and owned by ad-tech firm InMobi, to bring the service to new Jio smartphones this year, the companies said on Monday.The investment, made through Reliance's Jio Platforms unit, values Glance at $1.7 billion to $1.8 billion (roughly Rs. 12,800–13,600 crore) post-money, according to a source involved in the deal.The integration will allow Reliance's retail businesses to advertise…