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Anil Agarwal, Chairman of Vedanta Resources Ltd, addresses the audience during the ‘SemiconIndia 2023’, India’s annual semiconductor conference, in Gandhinagar, India, July 28, 2023. | Photo Credit: Reuters Vedanta group chairman Anil Agarwal on July 28 said that first phase of its semiconductor project will involve $5 billion investment of the overall $20-billion outlay, and…
An IndiGo Airlines cabin baggage security check tag is pictured on a passenger’s luggage at Bengaluru International Airport in Bangalore. File | Photo Credit: Reuters IndiGo’s attempts to save about six kg of fuel per flight, by recommending soft landings using only three of an aircraft’s wing flaps, may be leading to an increase in…
Prime Minister Narendra Modi speaks at the Semicon India 2023 event, in the presence of Gujarat Chief Minister Bhupendra Patel, Foxconn chairman Young Liu, Vedanta group chairman Anil Agarwal, Union IT Minister Ashwini Vaishnav, and Minister of State (Electronics and Information Technology) Rajeev Chandrasekhar, held at Mahatma Mandir, Gandhinagar, on Friday, July 28, 2023. |…
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The government’s 5.36% stake sale in Rail Vikas Nigam Ltd (RVNL) on Thursday got an enthusiastic response from institutional investors, who subscribed to the issue 2.73 times by putting in bids of over ₹2,000 crore. In the two-day offer-for-sale (OFS), the government is selling 11.17 crore shares, representing a 5.36% stake at a floor price…
Image for representation only The story so far: On July 5, apex banking regulator Reserve Bank of India (RBI) floated a draft circular seeking comments from stakeholders about mandating that card issuers provide their customers with the choice of multiple card networks. It also proposes to restrain issuers from entering into exclusive agreements with card…
Read More “Explained | RBI’s proposal for interoperability of credit and debit cards” »
Image used for representative purpose only. | Photo Credit: REUTERS A currency note with a star (*) symbol is identical to any other legal banknote, the Reserve Bank said on Thursday allaying concerns on the validity of such notes. The symbol is inserted in the number panel of a banknote that is used as replacement…
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Union Finance Minister Nirmala Sitharaman. File | Photo Credit: PTI Finance Minister Nirmala Sitharaman on July 27 said the government will consider the Production Linked Incentive (PLI) scheme for Chemicals and Petrochemicals sector to make India a manufacturing hub for such products. In view of stringent pollution control regulations and rising labour cost, she said,…
Facebook parent Meta posts higher profit, revenue [File] | Photo Credit: AP Facebook parent company Meta Platforms posted stronger-than-expected results for the second quarter on Wednesday, buoyed by a rebound in online advertising after a post-pandemic slump. The Menlo Park, California-based company earned $7.79 billion, or $2.98 per share, in the April-June period. That’s up…
Read More “Meta posts higher profit, revenue for Q2 as advertising rebounds” »
An apple orchard at Fagu village in Shimla. | Photo Credit: PTI The apple season has started in Himachal Pradesh. This year is especially significant as a new practice has come into force: the State’s key horticulture crop is being sold by weight instead of the established practice of being sold per box. While this…
India’s decisions on economic development, growth, and related planetary boundary challenges have become all the more significant as it was declared the most populous country in the world, overtaking China just a few months ago. Additionally, India’s capital city Delhi is en route to becoming the world’s most populous urban agglomeration overtaking Tokyo by 2028….
