Bosch To Invest Additional 250 Million Euros In Chip Production Capacity

  Bosch is investing an additional 250 million euros ($282.50 million) in extending chip production facilities at its Reutlingen plant in Germany, the company said on Tuesday. The Reutlingen site had previously been earmarked for 50 million euros of a total of 400 million that the supplier set aside last year for spending on chip production in 2022 across Reutlingen, Dresden and a testing facility in Penang, Malaysia. The largest part of that budget was allocated to expanding its 1-billion-euro Dresden factory producing 300-millimeter wafers, which the group inaugurated in…

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China Opens Market For Foreign Automakers From January 2022

For the longest period China has been a closed economy but that is now destined to change, at least for foreign auto companies from January 1, 2022. China will be lifting its foreign-ownership limits on automotive companies allowing for full foreign ownership of passenger and commercial automakers in the country. It will do away with the existing system that has limited foreign ownership to only joint ventures, in a bid to promote investment for some of the biggest and most prominent automakers in the world. The country will also lift the…

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Tokenization of credit and debit cards for safe online shopping from Jan: Here’s how the process works

From January 1, 2022, the way you use your credit or debit cards while shopping on Amazon, Flipkart, BigBasket, Myntra, etc., will change. You would no longer be required to save your 16-digit card number and the card expiry date on the merchant’s website. As per the new rules set by the Reserve Bank of India (RBI), the only way that you can conveniently make a card payment repeatedly is through a new process called ‘tokenisation.’ What is card tokenisation? When you shop online or even book tickets on travel portals, you…

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Amazon Sues Probe Agency For Going “Beyond Scope And Power”: 10 Points

Amazon has taken the Enforcement Directorate, or ED, to court seeking to cancel an investigation into its 2019 deal with Future Group for alleged violations of foreign investment laws, sources have said. Here’s your 10-point cheatsheet to this big story: Amazon calls the investigation a “fishing and roving” inquiry, saying the ED had sought privileged legal advice and opinions from Amazon and other information not connected to the Future Group deal, sources have said. It said the ED doesn’t have “requisite jurisdiction… to investigate issues relating to people joining or…

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SEBI Issues Framework For Advisory, Portfolio Management Services

Markets regulator Securities and Exchange Board of India (SEBI) has come out with a framework related to the fees for investment advisory services for accredited investors. In addition to this, it has also issued guidelines on exit load charges applicable to the client of the portfolio manager. In August, SEBI had introduced the concept of “accredited investor” in investment advisers (IA) and portfolio managers rules. In a circular, the regulator said that in case of accredited investors, the limits and modes of fees payable to the IA will be governed through…

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Real Estate in 2021: What We Can Expect

Over the years, millennials had begun to favour rentals rather than buying their own, thus shifting from the convention of settling down at a place they can call theirs’. With the year 2020 showing us the tougher aspects of life, people have realized the need to own a home, especially when working in a metropolitan city such as Kolkata. With the advent of remote working option post-Covid and the workplace shifting to home, people are looking for spacious homes to stay rather than rent out or invest in. The trend…

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