CATEGORIES

India should aim at developing 10 fabs in 10 yrs: Semi CEO

The Indian semiconductor industry should aim at developing at least 10 fabs in the coming decade to become a global powerhouse in this sector, said Ajit Manocha, president and chief executive officer, Semi the global semiconductor and electronics body.

CapitaLand looks to up India fund base 2x

Singapore-based CapitaLand Investment Ltd (CLI) is planning to more than double its funds under management (FUM) in India by 2028 from the current base of SGD 7.4 billion.

Adani group sets up arm to develop Nairobi airport

Adani Enterprises, the flagship company of the Adani group, has set up a subsidiary in Kenya as it intensifies efforts to take over Jomo Kenyatta International Airport in Nairobi.

Infineon explores India power semicon chip entry

Move comes days after firm opened first phase of fab plant in Malaysia New Delhi, 4 September G erman semiconductor giant Infineon is exploring entry into the power semiconductor space in the country.

NCLT asks Byju's US lenders to file fresh plea over CoC removal

The National Company Law Tribunal (NCLT) on Wednesday deferred hearing on a plea filed by the Glas Trust, seeking a stay on the proceedings of the committee of creditor: (CoC) from which it has been expelled, saying the US group representing Byju's lenders can file a separate application if the matter doesn't come up for hearing in the Supreme Court in a week.

Festival-ready: Flipkart launches 11 fulfillment centres

New Delhi, 4 September Ahead of its upcoming flagship The Big Billion Days (TBBD) sales this year, homegrown ecommerce major Flipkart has launched 11 new fulfillment centres (FCs) across nine cities to meet the anticipated high demand during the festival season.

BFSI companies surge ahead as top recruiter

Headcount in IT services sector declines by nearly 66,000

RIL gets full quota of ACC PLI-II scheme

Oil-to-telecom behemoth Reliance Industries Limited (RIL) has been awarded the complete capacity of the Advanced Chemistry Cell (ACC) offered under the second tranche of the production-linked incentive (PLI) scheme.

PLI scheme boosts AC industry; localisation doubles in two years

The government's two-year-old production-linked incentive (PLI) for air conditioner (AC) components has boosted domestic production, with average value addition or localisation increasing from 25 per cent to 55 per cent now, according to the scheme's beneficiaries.

E-invoice mandate may cover B2C transactions

Businesses across the country may soon be required to issue electronic invoices, or e-invoices, directly to consumers for the sale of goods and services.

Hybrid cars, Suzuki tie-up drove Toyota Kirloskar profit 3x in FY24

Toyota Kirloskar Motor (TKM) has reported a consolidated net profit of ₹4,787 crore for 2023-24 (FY24) than three times the earnings recorded the previous year.

Sebi may notify tighter rules for F&O trade soon

Faster implementation to curb investors' losses

SAT adjourns Zee's plea against Sebi

The Securities Appellate Tribunal (SAT) on Tuesday adjourned a hearing on a plea filed by Subhash Chandra, chairman emeritus of Zee Entertainment Enterprises, against the Securities and Exchange Board of India (Sebi) in the alleged fund diversion matter.

Valuations turn pricey as bulls charge ahead

Analysts expect rally to take a breather as corporate earnings catch up

SC to Sahara: Gave enough chances to repay ₹10K cr dues

The Supreme Court on Tuesday said Sahara India had been given \"enough chances\" to pay ₹10,000 crore out of the ₹25,000 crore total payment ordered by the apex court in 2012.

Nifty extends winning run to 14th session

The benchmark Nifty's winning run continued, with the 50-share index managing to eke out 1.15 point gain on Tuesday, ending at 25,280.

Sebi moves to ensure ease of FPI onboarding

Markets regulator Securities and Exchange Board of India (Sebi) is stepping up efforts to ease the onboarding of foreign portfolio investors (FPIs) and constituted a cell for consultations with offshore investors and custodians, said whole-time member Ananth Narayan.

Strong prospects, valuations to drive gains for hotel stocks

The hospitality industry has around 212,000 rooms, with an industry size of about ₹82,000 crore.

Cong seeks clarity on Buch 'retiral' payouts

The Congress on Tuesday sought further clarification from ICICI Bank and Madhabi Puri Buch, chairperson of the Securities and Exchange Board of India (Sebi), regarding the \"retiral benefits\" paid to her by the private sector lender.

Sebi search-and-seizure ops jump 2x

Locations outside metros also see action in FY24

Mobile use not linked to brain cancer: WHO-backed study

There is no link between mobile phone use and increased brain cancer risk, according to a new World Health Organization (WHO)-commissioned review of the available published evidence worldwide.

Sweet revolution: Mithai gets gourmet twist

Champagne-infused laddoos to gold-foiled barfis, artisanal brands transforming Indian sweets into high-end delicacies

Primary driver

The frenzy that centred round the SME (small and medium enterprises) initial public offering (IPO) of Resourceful Automobile indicates the ☐ Automobile, a motorcycle dealer with two showrooms and a workforce primary market is in a phase of irrational exuberance.

Protecting gig workers

Union Minister for Labour and Employment Mansukh Mandaviya recently reiterated the government's commitment to extending social-security benefits to gig and platform workers.

Difficult conversations we must have

High immigration and demographic change are huge concerns globally. Political correctness should not prevent us from discussing them

Will ELI fix India's jobs crisis?

India is grappling with a stark economic paradox: While gross domestic product (GDP) growth Despite the economy expanding by 8.2 per cent in FY24, there has been a persistent decline in the labour force participation rate (50.2 per cent in Q1 FY24, as reported by the Periodic Labour Force Survey) and a rise in the unemployment rate (9.2 per cent in June 2024, according to the Centre for Monitoring Indian Economy).

Congo says 129 died during attempted jailbreak, stampede

An attempted jailbreak in Congo's main prison left 129 people dead, including some who were shot and others who died in a stampede at the overcrowded facility, authorities said Tuesday.

How Ukraine clinched a wartime debt restructuring

Just a few months after Russia invaded Ukraine, the country's financial adviser, Rothschild, handed Kyiv's debt chief a thick black folder detailing major sovereign debt restructurings of the past 30 years.

UK halts 30 Israeli arms licences

Prime Minister Keir Starmer's government drew criticism from Israel and the UK's Chief Rabbi over its decision to suspend some arms licences due to concerns the use of British components in Gaza risks violating international humanitarian law.

Cathay inspects Airbus A350 fuel lines post-component fault

Cathay Pacific Airways inspection of its Airbus SE A350 fleet is focused on deformed or degraded fuel lines in the engines of the widebody aircraft, after the discovery of the issue caused multiple flight cancellations as engineers switch out parts.