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The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has cleared several projects, including ₹1.27 lakh crore for the second edition of India Semiconductor Mission and ₹62,500 crore for the mobile phone manufacturing scheme (MPMS) as part of efforts to localise manufacturing amid raging West Asian crisis. The cabinet also accorded…
A file photo of visitors at an exhibition at Indian Institute of Astrophysics (IIA) in Bengaluru. All these projects will be overseen by the Bengaluru-based IIA. | Photo Credit: File photo The construction and upgrade of the four major astronomical facilities, which was announced in the Union Budget, is expected to cost about ₹3,500 crore,…
Food delivery aggregator Zomato has raised ₹8,500 crore by selling equity shares to qualified institutional investors. File | Photo Credit: Reuters Food delivery aggregator Zomato has raised ₹8,500 crore by selling equity shares to qualified institutional investors, mainly domestic mutual fund houses, to fund its expansion and growth plans. Zomato, which also owns quick-commerce firm…
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