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Toyota to spend $35 bn on line-up of 30 battery electric vehicles by 2030

Toyota Motor Corp said on Tuesday it would invest 4 trillion yen ($35 billion) to build a line-up of 30 battery electric vehicles (BEV) by 2030 as the world's biggest car maker looks to tap the growing market of zero emission vehicles. That would be part of an overall investment of 8 trillion yen in electrified vehicles, including hybrids and hydrogen vehicles, by the end of the decade, the company said. By 2030, Toyota is aiming for annual sales of 3.5 million BEVs, CEO Akio Toyoda told a news briefing, equivalent to around a third of its current global sales.

L&T Construction bags large order for buildings, factories business

Larsen & Toubro (L&T) on Tuesday said its construction arm has bagged a large order for its buildings and factories business from the Odisha government to construct clinical blocks and allied infrastructure for a hospital in Cuttack. The duration of the engineering, procurement, and construction (EPC) project is 30 months, the company said in a statement. The project involves construction of four clinical blocks comprising composite structural systems and other ancillary buildings.

Aditya Birla Fashion and Retail to take over Reebok's operations in India

Aditya Birla Fashion and Retail (ABFRL) has signed a long-term licensing agreement, which grants ABFRL exclusive rights to distribute and sell Reebok products through wholesale, e-commerce and Reebok branded retail stores in India and other ASEAN countries, the company said in a release. This deal marks ABFRL's foray into India’s fast-growing sports and activewear segment. The transfer of ownership of the Reebok brand from Adidas to Aditya Birla Group (ABG) is expected to close in Q1 of 2022, the company said in its release.

Infosys selected by Orion Corporation to transform ERP, planning platforms

Infosys on Tuesday announced that it has been selected by Finnish pharmaceutical company Orion Corporation to holistically transform its ERP and Planning platforms, enhance employee experience, and drive business value realisation. Through this engagement, Bengaluru-headquartered Infosys said it will adopt standardised best SAP practices to enable end-to-end visibility across Orion's operations, informed decision making, and reduce business operations cost through AI, ML, and robotic process automation.

Netflix cuts fees for all plans in India, moves to expand in country

Netflix on Tuesday cut the prices of all its four subscription plans in India, moving aggressively to expand its base in a country that is crucial for its business and still has millions of untapped users.

State Bank of India attempts to dissuade employees from striking work

State Bank of India on Monday requested staff to reconsider its decision to participate in a two-day strike (December 16-17, 2021) to avoid inconvenience to customers, investors, and the Bank. United Forum of Bank Unions (UFBU) has served a Notice of Strike to protest against the government's plan to privatise public sector banks. Members of unions -- AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF and INBOC – are planning to go on strike.

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