CATEGORIES

Samsung to invest $230 bn in South Korea chipmaking base

SOUTH KOREAN TECH giant Samsung Electronics expects to invest $230 billion over the next 20 years to develop what the country's government called the world's largest chip-making base.

UK to avoid recession: Finance minister

Hunt pledges reforms in budget speech

Credit Suisse fights to win back investors' confidence

Bank officials urge for patience, claim sound financial position

Tata CLiQ brings Swiss luxury store TimeVallée to India

SWISS LUXURY MULTI-BRAND watch and jewellery store TimeVallée on Wednesday launched its digital boutique in India in partnership with Tata CLIQ Luxury.

Dukaan fires 80 employees in second round of layoffs

BENGALURU-BASED RETAIL tech startup Dukaan has laid off at least 60-80 employees this week, according to sources. The layoffs have affected multiple departments, including sales, business development and operations, two sources aware of the development confirmed to FE.

Honda plans major production reshuffle

Exploring setting up EV production line in Karnataka, says CEO

Next round of India-Canada trade talks likely in April

THE NEXT ROUND of negotiations for the proposed interim trade agreement (FTA) between India and Canada is expected to be held in April, a senior commerce ministry official said on Wednesday.

India using SWIFT to settle Russia dollar trade

COMPANIES ARE USING the SWIFT global payment system to settle dollar payments with Russia, a top trade official said on Wednesday, even though many Russian banks are blocked from the network due to Western sanctions.

Adani issue: House panel MPs demand summoning of SEBI chief

CONGRESS MPS ON Wednesday sought examining of SEBI and RBI chiefs, officials of the ministry of corporate affairs and other regulatory bodies by a parliamentary panel on finance to ascertain whether there were any failures on their part on the Adani issue.

Deepak Mohanty appointed PFRDA chief

THE CENTRAL GOVERNMENT has appointed Deepak Mohanty, a former whole-time member of the Pension Fund Regulatory & Development Authority (PFRDA), as the new chairperson of the authority.

Future's Kishore Biyani withdraws resignation

FUTURE GROUP FOUNDER Kishore Biyani, who had stepped down as the executive chairman and director of debt-strapped Future Retail (FRL), has withdrawn his resignation following objections by the resolution professional (RP).

Exports fall: Imports of 'non-essential' items may be curbed

WITH MERCHANDISE EXPORTS continuing to contract for the third consecutive month and a narrowing trade deficit, the government is looking to contain imports of \"non-essential items\".

Credit Suisse rout sparks global selloff

Shares slide 31% as key backer rules out support

Jio's postpaid entry tariff up 50%

Follows Bharti’s 57% hike for prepaid users

ARBITRATION, CORPORATE CASES ONLY: Door opens for overseas law firms in India

Won't be allowed to appear in Indian courts or tribunals: Bar Council

Smartphone Firms To Be Hit: Crackdown On Pre-Installed Apps Coming

Major operating system updates to be screened too

No New Unicorn In Six Months As Funding Winter Bites

VC Firms ask founders to chase profitability instead of revenue growth

As Feb CPI softens, some economists see central bank pausing rate hike cycle

AS RETAIL INFLATION, measured by the consumer price index (CPI), softened to 6.44% in February from 6.52% in January, some economists believe the Reserve Bank to India (RBI) will likely pause its rate hike cycle which started in May 2022.

RBI expresses reservations on setting up of family offices

THE RESERVE BANK of India (RBI), in a call with authorised dealer banks on Monday, said the intent for allowing overseas direct investment in financial services is not to have wealthy individuals set up family offices overseas, said a person familiar with the matter.

ACHIEVING CONSENSUS ON FRAMEWORK DIFFICULT: Fintechs cautiously optimistic about self-regulatory entity

FINTECH COMPANIES ARE onboard with the Reserve Bank of India's (RBI) call for creation of a self-regulatory organisation (SRO) for the sector. However, the success of an SRO model for fintechs will depend on multiple factors, including prevention of conflicts of interest, industry members say.

Tips to select the right personal cyber cover

Rely on more than just the premium while buying a policy

Oil prices extend drop amid banking fallout

OIL EXTENDED LOSSES as the biggest US bank collapse since 2008 continued rippling through financial markets, while stubborn inflation complicated the US Federal Reserve's scope to deal with the crisis.

Keep fighting even if I'm killed: Imran to supporters

PAKISTAN'S OUSTED PRIME minister Imran Khan Tuesday asked his supporters to stand up for their rights and continue the struggle even if he is killed or arrested, hours after clashes erupted between the police and his party workers who gathered outside his residence here to foil his arrest in the Toshakhana case.

US, allies present nuke submarine plan for Australia to counter China

THE UNITED STATES, Australia and Britain unveiled details of a plan to provide Australia with nuclear-powered attack submarines from the early 2030s to counter China's ambitions in the Indo-Pacific.

China to fully reopen borders to foreigners

To resume issuance of all type of visas today

PM, Nokia CEO discuss 5G rollout, digital infra growth

PRIME MINISTER NARENDRA MODI and Nokia CEO Pekka Lundmark on Monday discussed India's digital infrastructure growth and the ongoing 5G rollout in the country.

SVB collapse: Startups seek deposit-backed credit lines

GOVERNMENT ASSURES FULL SUPPORT

Govt to declare first semiconductor fab project in a few weeks

THE COUNTRY'S FIRST semiconductor fabrication development project will be declared in the next few weeks, communications and IT minister Ashwini Vaishnaw said on Tuesday. The statement from the Union minister assumes significance as the government is currently assessing the proposals for chip manufacturing in the country.

Madhya Pradesh to procure 7 MT wheat this season

MADHYA PRADESH, THE second-biggest contributor to the central pool grain stock after Punjab, will commence wheat procurement for the 2023-24 marketing season from March 25.

Centre has no plan to revert to old pension scheme

THE CENTRE HAS no plans to revert to the non-contributory old pension scheme (OPS) for its staff that joined service from 2004, minister of state for finance Bhagwat Karad told Rajya Sabha on Tuesday.