Rd
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Hero MotoCorp to invest Rs 10,000 cr in R&D, set up new manufacturing facilities over next 5-7 years
•The country's largest two-wheeler maker Hero MotoCorp on Tuesday announced investment of Rs 10,000 crore over the next 5-7 years on various activities, including research and development and setting up new manufacturing facilities
Budget 2020: Auto component industry body seeks uniform 18% GST; demands fund to support R&D, indigenous technology development
•The industry body also sought import duty exemption on auto component prototypes to encourage domestic R&D and testing.
Budget 2020: Seed industry body demands govt to restore 200% IT deductions for R&D
•Ahead of the Budget, Federation of Seed Industry of India (FSII) on Thursday urged the government to restore 200 percent income tax deduction for in-house research and development (R&D) expenditure in the seed industry
Exporters may get incentives based on R&D, specific clusters under new foreign trade policy
•Exporters are likely to get incentives based on parameters like research and development, product-specific clusters and production pattern under a five-year foreign trade policy (FTP) to be released later this year
SAIL, RINL spent over Rs 1,000 cr on R&D in last 3 financial yrs; adoption of technology key for quality steel: Steel minister
•Steel companies in both private and public sectors are conducting research in iron and steel sector, Minister of Steel Chaudhary Birender Singh said.
OnePlus to become India's largest R&D base in next three years: Pete Lau
•OnePlus is said to have about 700 people globally working in its R&D teams.
Oppo India MD resigns amidst increasing losses, to give up office on 30 November
Ians •Oppo India MD Yi Wang's resignation coincides with the increasing losses to Oppo in the country.
Samsung has been ranked 4th among 1,000 companies in terms of R&D spending
Ians •Samsung spent $15.3 billion on R&D projects from the second half of 2017.
Nissan announces plan to hire 1,500 people in India to strengthen R&D and global digital hub
•The company, which is seeking to revive its presence in India, said it would go for separate dealerships for Nissan and Datsun brands especially in smaller towns in the country.
OnePlus to open new retail stores in Mumbai, Bengaluru, Kolkata on 28 July
Ians •OnePlus opened their first offline store in Bengaluru as "OnePlus Experience Store" last year.