In Gujarat, the semiconductor project announced by the government with huge withdrawals is stuck

-

image : Twitter


A great news has come for the people of Gujarat. Vedanta's Anil Agarwal's semiconductor dream may be shattered. The reason is that Foxconn has to start looking for a new friend or say a new partner on this front. According to reports, Taiwanese contract manufacturing firm Foxconn has started talks with another business group in the country to jointly develop its semiconductor manufacturing project in the country. It is worth mentioning that in this matter, the government tried to take credit for the semiconductor manufacturing project by making huge advertisements. However, the matter has now stalled due to differences between Vedanta and Foxconn.

Differences surfaced between the two partners

Sources said that Foxconn's joint venture with billionaire Anil Agarwal-led Vedanta Group to set up a semiconductor manufacturing unit in Dholera, Gujarat, years ago could be in trouble as differences between the two partners have surfaced.

The government was worried about the Vedanta Group

A government official said on condition of anonymity that the two partners had differences. Both were also approached in this matter but Foxconn suggested to find a different partner. A government official said the government is concerned about the financial stability of the Vedanta Group.

Collected 450 million dollars from these two companies

Vedanta Resources Ltd, the parent unit of Vedanta Ltd, recently raised $450 million to repay loans by pledging equity from its two main rivals, Trafigura and Glencore. On which analysts have underlined the dire financial condition of the promoters and their incompetence.

Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se
Read more