Indian electronics companies are now eager to collaborate with Chinese firms. This follows the government’s approval of Dixon Technologies’ joint venture. Epack Durable and others are considering similar partnerships. The move signals a potential easing of restrictions on Chinese investment. This is crucial for India’s electronics component manufacturing scheme.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.