Integrated manufacturing solutions company <keyword id="6521648" type="General" weightage="50" keywordseo="sanmina-corporation" source="Orion">Sanmina Corporation</keyword> and <keyword id="10849195" type="General" weightage="50" keywordseo="reliance-strategic-business-ventures-limited" source="Orion">Reliance Strategic Business Ventures Limited</keyword> (RSBVL), a wholly-owned subsidiary of <keyword id="10926" type="General" weightage="50" keywordseo="reliance" source="Orion">Reliance</keyword> Industries Limited (RIL), on Tuesday announced the completion of their joint venture transaction. The joint venture will create a world-class electronic manufacturing hub in <keyword id="3658" type="General" weightage="80" keywordseo="india" source="Orion">India</keyword>, in line with Prime Minister Narendra Modi's 'Make in India' vision. All the manufacturing will take place at <keyword id="315784" type="General" weightage="100" keywordseo="sanmina" source="Orion">Sanmina</keyword>'s 100-acre campus in Chennai, with the ability for site expansion to support future growth opportunities as well as to potentially expand to new manufacturing sites in India over time based on business needs, the companies said in a statement. The day-to-day business will continue to be managed by Sanmina's management team in Chennai. The joint venture will prioritise high technology infrastructure hardware, for growth markets, and across industries such as communications networking (5G, cloud infrastructure, hyperscale data centers), medical and healthcare systems, industrial and cleantech, and defence and aerospace. "In addition to supporting Sanmina's current customer base, the joint venture will create a state-of-the-art 'Manufacturing Technology Center of Excellence' that will serve as an incubation center to support the product development and hardware startup ecosystem in India, as well as promote research and innovation of leading-edge technologies," said the companies. Sanmina provides end-to-end manufacturing solutions, delivering superior quality and support to Original Equipment Manufacturers (OEMs) primarily in the communications networks, cloud solutions, industrial, defence, medical and automotive markets. Currently ranking 104th, Reliance is the largest private sector company from India to feature in Fortune's Global 500 list of 'World's Largest Companies' for 2022. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/national-green-tribunal-slaps-telangana-with-a-3800-cr-fine-for-waste-management-failure/articleshow/94636341.cms">National Green Tribunal slaps Telangana with a ₹3,800 cr fine for waste management failure</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-5g-prices-may-be-affordable-for-now-but-expected-to-increase-after-wider-rollout/articleshow/94636173.cms">Reliance Jio and Airtel 5G prices may be affordable for now but expected to increase after wider rollout</a>

RIL, Sanmina completes JV to build manufacturing hub in India

<ul><li><keyword id="3820" type="General" weightage="20" keywordseo="mukesh-ambani" source="Orion">Mukesh Ambani</keyword>’s <keyword id="10926" type="General" weightage="20" keywordseo="reliance" source="Orion">Reliance</keyword> announced a partnership with <keyword id="315784" type="General" weightage="100" keywordseo="sanmina" source="Orion">Sanmina</keyword>, a US-based <keyword id="2870074" type="General" weightage="20" keywordseo="electronics-manufacturer" source="Orion">electronics manufacturer</keyword>. </li><li>Reliance and Sanmina will set up a joint venture with $200 million in cash, catering to various industries like infrastructure, communications, healthcare, defense and aerospace. </li><li>Sanmina is a US-based electronics manufacturing service provider with an experience of over 40 years. </li></ul>After renewable energy, Mukesh Ambani has now set his eyes on high-tech electronics manufacturing in India. A wholly-owned subsidiary of Reliance Industries has entered into a pact with the US-based electronics manufacturer Sanmina, with $200 million (approx. ₹1,500 crore) in cash to boot with. Sanmina is a US-based electronics manufacturing service provider with an experience of over 40 years. Shares of Reliance Industries were up 0.3% immediately after the announcement (9:25 a.m.). <div type="image" title="Reliance 01_01_22 to 03_03_22." msid="89960767" hostid="261" caption="&amp;lt;p&amp;gt;Reliance Industries&amp;#39; share price in 2022&amp;lt;/p&amp;gt;"></div> The joint venture will be majority-owned by Reliance’s subsidiary, Reliance Strategic Business Ventures, with a stake of 50.1%, while Sanmina Corporation will own the remaining 49.9%. As a part of this deal, Reliance will invest ₹1,670 crore in Sanmina’s existing Indian entity. “We are delighted to work with Sanmina to access the significant market opportunity for high-tech manufacturing in India. For both growth and security, it is essential for India to be more self-reliant in electronics manufacturing in Telecom, IT, Data Centers, Cloud, 5G, New Energy and other industries as we chart our path in the new digital economy,” said Akash Ambani, director, Reliance Jio. <cmsannotation type="cmsannotation" annotationid="What will this Reliance-Sanmina joint venture manufacture?" comment="subhead" text="What will this Reliance-Sanmina joint venture manufacture?">What will this Reliance-Sanmina joint venture manufacture?</cmsannotation> According to a statement from Reliance, the new joint venture with Sanmina will manufacture products like high-technology infrastructure hardware across industries like communications (like 5G equipment, data centres and more), medical and healthcare, defence and aerospace, among others. Reliance also announced that it will set up a ‘Manufacturing Technology Center of Excellence’ that will serve as an incubation centre for the startup and product development ecosystem in India. The statement also added that initially, the manufacturing will take place in Sanmina’s existing 100-acre campus in Chennai, with scope for further expansion to support future growth. The company also added that there is potential to expand its manufacturing facilities to other sites in India, but that depends on how this new joint venture takes off. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/upl-wipro-vedanta-future-retail-and-other-hot-stocks-on-march-3/slidelist/89959123.cms">UPL, Wipro, Vedanta, Future Retail and other hot stocks on March 3</a> <a href="https://www.businessinsider.in/india/news/expect-your-household-budget-to-go-up-sharply-as-prices-of-essential-items-take-a-plunge/articleshow/89954724.cms">Expect your household budget to go up sharply as prices of essential items shoot up</a> <a href="https://www.businessinsider.in/business/telecom/news/vodafone-idea-reportedly-wants-the-government-to-release-15000-crore-bank-guarantees/articleshow/89937099.cms">Vodafone Idea reportedly wants the government to release ₹15,000 crore bank guarantees ahead of its fundraising plan</a>

Reliance teams up with US-based Sanmina to create a high-tech electronics manufacturing hub in India

Shares of <keyword id="6355199" type="General" weightage="20" keywordseo="reliance-industries" source="Orion">Reliance Industries</keyword> Limited have outperformed the broader market benchmark indices over the past one month. During the said period, the shares of the company rose nearly 14 per cent against a rise of little over 2 per cent in the benchmark Sensex index. The rally in share prices for the Indian company comes amidst volatility in the global financial markets amid geopolitical war and skyrocketing crude oil prices.Rising gas and fuel prices are expected to bore well for the Indian oil-to-chemical company. Coming to its earnings, it had posted a 41.5 per cent rise in net profit during the Q3FY22 quarter, helped by an uptick in refining and retail businesses, according to reports. Also, an upward revision in prepaid tariffs by domestic telecom majors is expected Ato raise average revenue per user (ARPU) of the telecom operators. In November 2021, Reliance along with Vodafone Idea and Bharti Airtel raised their prepaid tariffs by around 20 per cent each, respectively. Earlier this month, Nasdaq-listed integrated manufacturing solutions company Sanmina Corporation and Reliance Strategic Business Ventures, a wholly-owned subsidiary of Reliance Industries, have entered into an agreement to create a joint venture through an investment in Sanmina's existing Indian entity named Sanmina SCI India in order to create a world-class electronic manufacturing hub in India, in line with the country's 'Make in India' vision. At 2.01 p.m., shares of Reliance Industries traded at Rs 2,598.00, up 0.8 per cent from the previous session. Global investment banking firm Morgan Stanley has set a share price target for the company at Rs 2,926, with an "overweight" rating. "Multiple positive triggers are lining up for RIL to outperform. Interestingly, these triggers are in areas where investors have been most skeptical about new energy with battery incentive wins, refining margin pickup and asset monetisation for petcoke gasifiers," it said. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/business/startups/news/ola-is-going-to-acquire-ceo-bhavish-aggarwals-brothers-firm-avail-finance/articleshow/90433830.cms" style="">Ola is going to acquire CEO Bhavish Aggarwal’s brother’s firm Avail finance</a> <a href="https://www.businessinsider.in/stock-market/news/tata-consumer-products-axis-bank-mm-and-other-top-stocks-to-watch-out-on-march-25/slidelist/90432431.cms" style="">Tata Consumer Products, Axis Bank, M&amp;M and other top stocks to watch out on March 25</a> <a href="https://www.businessinsider.in/india/news/petrol-and-diesel-prices-hike-the-third-time-this-week-in-india/articleshow/90433724.cms" style="">Petrol and diesel prices hiked for the third time this week in metro cities</a>

Reliance Industries outshines benchmark index, shares rise 14% in 1 month

<ul><li>Investors and traders will now be able to buy and <keyword id="13296985" type="General" weightage="20" keywordseo="sell-us-stocks" source="Orion">sell US stocks</keyword> via the <keyword id="4800060" type="General" weightage="100" keywordseo="nse-ifsc" source="Orion">NSE IFSC</keyword> stock exchange.</li><li>Located in GIFT City, NSE IFSC exchange will allow trading in eight prominent <keyword id="48211" type="General" weightage="20" keywordseo="us-stocks" source="Orion">US stocks</keyword> initially, and it plans to expand this to 50 subsequently.</li><li>Find out how to buy and sell US stocks like Tesla, Apple and others via NSE IFSC.</li></ul>Tesla, Apple, Netflix, Amazon and four other prominent US stocks will now be available for traders via the National Stock Exchange’s (NSE) subsidiary in the Gujarat International Finance Tech (GIFT) City. A total of eight prominent US stocks – most of them from the tech industry – will be available for trading in the NSE IFSC exchange starting today, March 3. There are plans to extend this number to 50 stocks eventually. Here’s how you can trade in US stocks in the NSE IFSC exchange: <cmsannotation type="cmsannotation" annotationid="Which are these US stocks available for trade via NSE IFSC?" comment="subhead" text="Which are these US stocks available for trade via NSE IFSC?">Which are these US stocks available for trade via NSE IFSC?</cmsannotation> Initially, eight US stocks will be made available for trade. They are: <ul><li>Tesla</li><li>Apple</li><li>Netflix</li><li>Amazon</li><li>Alphabet</li><li>Microsoft</li><li>Meta</li><li>Walmart</li></ul>Subsequently, this number will be increased to 50, although the exact date is not known yet. <cmsannotation type="cmsannotation" annotationid="Are US stocks being listed in India?" comment="subhead" text="Are US stocks being listed in India?">Are US stocks being listed in India?</cmsannotation> No. US stocks are not being listed in India. Instead, NSE is listing its derivative product called NSE IFSC Receipts. The NSE IFSC (NSE International Exchange) will be offering trading in these receipts at a ‘low cost’. As a result, you will no longer have to invest through a US-based broker to invest in US stocks. <cmsannotation type="cmsannotation" annotationid="Will I become an equity owner of these US stocks?" comment="subhead" text="Will I become an equity owner of these US stocks?">Will I become an equity owner of these US stocks?</cmsannotation> No. Each share of the company will be split into receipts of 100, 200 and so on. You will not become an equity owner of these US companies, but you will still be entitled to corporate action benefits, like dividends. <cmsannotation type="cmsannotation" annotationid="What is the ratio of receipts of these US stocks?" comment="subhead" text="What is the ratio of receipts of these US stocks?">What is the ratio of receipts of these US stocks?</cmsannotation> <table style="border-width: initial; border-style: none;" class="redcator-table-advance"><colgroup></colgroup><col /><col /><tbody><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Receipts per share </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Tesla </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">100 </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Apple </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">25 </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Netflix </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">50 </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Amazon </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">200 </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Alphabet </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">200 </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Microsoft </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">50 </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Meta </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">50 </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Walmart </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">25 </td></tr></tbody><tbody></tbody><tbody></tbody></table> <cmsannotation type="cmsannotation" annotationid="How much will I be able to invest in US stocks?" comment="subhead" text="How much will I be able to invest in US stocks?">How much will I be able to invest in US stocks?</cmsannotation> Indian retail investors will be able to invest in US stocks according to the limits set by the Reserve Bank of India (RBI) under the Liberalised Remittance Scheme (LRS). Currently, this limit is set at $2,50,000, which is approximately ₹1.9 crore. <cmsannotation type="cmsannotation" annotationid="How do I trade in these US stocks via NSE IFSC?" comment="subhead" text="How do I trade in these US stocks via NSE IFSC?">How do I trade in these US stocks via NSE IFSC?</cmsannotation> To trade in US stocks via the NSE IFSC exchange, you will have to open trading and demat accounts with brokers registered with the exchange. Once done, you will then have to add funds to your trading account in the same way that you add funds to your normal trading account. You will then be able to trade in US stocks listed on NSE IFSC. <cmsannotation type="cmsannotation" annotationid="What are the trade timings?" comment="subhead" text="What are the trade timings?">What are the trade timings?</cmsannotation> Investors and traders will be able to buy and sell US stocks in the NSE IFSC exchange from 8 p.m. to 2:30 a.m., mirroring the trade timings in the US. <cmsannotation type="cmsannotation" annotationid="What about the taxes on gains made from trading in these stocks?" comment="subhead" text="What about the taxes on gains made from trading in these stocks?">What about the taxes on gains made from trading in these stocks?</cmsannotation> Any gains made on holdings of less than two years will be considered as short-term capital gains and be taxed according to the tax slabs applicable to the individual. For holdings of more than two years, provisions of long-term capital gains will be applicable and the tax rate will be 20%, with the benefit of indexation. Indexation is the process of adjusting your investment for inflation. It is applicable on long-term investments. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/mukesh-ambanis-reliance-announced-a-partnership-with-sanmina-a-us-based-electronics-manufacturer/articleshow/89960792.cms">Reliance teams up with US-based Sanmina to create a high-tech electronics manufacturing hub in India</a> <a href="https://www.businessinsider.in/business/startups/news/mobikwiks-upasana-taku-says-all-the-companies-that-made-their-grand-entry-into-bnpl-will-have-a-grand-exit-too/articleshow/89960652.cms">INTERVIEW: Mobikwik’s Upasana Taku says all the companies that made their grand entry into BNPL will have a grand exit too</a> <a href="https://www.businessinsider.in/finance/banks/news/what-is-swift-how-does-it-work-why-is-it-important-and-how-nations-are-using-it-to-punish-russia/articleshow/89886091.cms">What is SWIFT, how does it work, why is it important and how nations are using it to punish Russia</a>

You Searched For "sanmina corporation" and got 4 results

RIL, Sanmina completes JV to build manufacturing hub in India

IANS

Reliance teams up with US-based Sanmina to create a high-tech electronics manufacturing hub in India

Rounak Jain

Reliance Industries outshines benchmark index, shares rise 14% in 1 month

IANS

Buy and sell Tesla, Apple, Netflix, Amazon and four other US stocks in India via NSE IFSC – here’s how

Rounak Jain