rajesh exports

Log9, which makes batteries for electric vehicles, said it has commercially launched India's first indigenously made lithium-ion battery cell, which will be manufactured at one of its facilities in Bengaluru.Typically, vehicle makers import battery cells from China or South Korea. Log9 will have an initial capacity to produce 50 MWh of battery, which can power up to 25,000 electric two-wheelers.Log9 cofounder and managing director Pankaj Sharma told ET that the company has invested about $5 million in the new facility.…

The Vedanta-Foxconn semiconductor consortium’s discussions with STMicroelectronics for inducting the European company as a technology partner have got stuck due to lack of agreement on finer details of technology transfer, the duration of the partnership and the funds to be invested by each company, multiple people aware of the situation told ET.One key sticking point is that STMicroelectronics wants to limit the scope of the technology transfer as well as have a sunset clause regarding the duration of the joint venture,…

Payment aggregator CCAvenue has seen an 18% jump in new merchant sign-ups in the October-December period, while merchant addition tripled in six months for Pine Labs’ Plural. The increase in the share is pursuant to Razorpay, Cashfree Payments, PayU and Paytm pausing new sign-ups following an order from the Reserve Bank of India which has also rejected payment aggregator licence applications of some of these players.Also in this letter:■ Govt hopeful of work starting on at least one semicon unit by year-end■ Tata-Uber…

Image Source : SNAPCHAT Snapchat Snapchat has announced its partnership with Amazon for its augmented reality-powered Virtual Try-On shopping experience that will offer Snapchat users the ability to digitally try on eyewear styles from a range of popular brands. According to TechCrunch, numerous new Shopping Lenses in categories like sunglasses, reading glasses, and…

Jeweller Rajesh Exports has agreed to invest $3 billion in Telangana to set up the country's first electronic-display plant, the state government said. India and many governments around the world have raced to subsidise the construction of semiconductor and display factories as a shortage has hobbled the auto and electronics industries and highlighted the world's dependence on a few sources, such as Taiwan, for vital supplies. "What was hitherto possible only in Japan, Korea and Taiwan, will now happen in Telangana," the…

Elest, a subsidiary of gold retailer Rajesh Exports, will be setting up the country's first display fab facility in Telangana with investments worth Rs 24,000 crore. Telangana IT Minister K T Rama Rao along with Chairman of Rajesh Exports Rajesh Mehta announced setting up of Generation 6 AMOLED Display FAB, an official release said. The Telangana government signed an MoU with Karnataka-based Elest for the proposed fabrication unit which will manufacture next generation displays for smartphones, tablet computers, and…