AHMEDABAD: India’s first Semiconductor fabrication unit set up by Tata Electronics in a joint venture with a Taiwanese partner will produce its first chip from Dholera Special Investment Region (SIR) by December 2026, said Ashwini Vaishnaw, Union Minister for Information Technology and Electronics on Wednesday. “The first chip from...
The Ministry of Heavy Industries (MHI) on Wednesday announced a new promotional scheme for electric two and three-wheelers for four months, beginning April 2024, with an outlay of ₹500 crore. The scheme, Electric Mobility Promotion Scheme, 2024, aims to further promote e-mobility, particularly in the two and three-wheeler segments,...
Amazon Global Selling, the e-commerce giant’s export platform for micro, small and medium enterprises, is collaborating with the Ministry of Commerce and Director General of Foreign Trade to further accelerate sales from districts that have good export potential. “What we have done over the last two years is specifically...
NEW DELHI: India is all set to assist Bhutan in establishing a robust pool of energy professionals like energy auditors and technicians while spearheading the widespread adoption of the Star Labeling Programme across the neighbouring country’s household sector. This initiative aims to make star-rated energy-efficient products more accessible to...
NEW DELHI: A majority of tuberculosis (TB) patients do not exhibit the hallmark symptom of persistent cough, a study that analysed data on more than 600,000 individuals in Africa and Asia has said, underscoring the pressing need for innovative diagnostic approaches to combat the world’s most deadly infection. This...
NEW DELHI: A manufacturing slowdown and slower public capex spending led to industrial growth easing to 3.8% in January compared with 4.2% in the previous month, showed government data released Tuesday. Mining expanded 5.9% in January compared with 5.2% in the previous month, whereas electricity production increased 5.6% from...
NEW DELHI: India’s headline inflation remained almost flat at 5.09% in February, compared with 5.1% in the previous month, prompting experts to believe that the Reserve Bank of India will hold interest rates steady at its next policy meeting in early April. “…three successive quarters of 8% plus GDP...
MUMBAI: The Securities and Exchange Board of India (SEBI) is expected to grant relief to foreign portfolio investors (FPIs) with concentrated holdings in Indian companies without a promoter group by exempting them from stricter disclosure requirements if there is no risk of breach of public holding norms. The board...
NEW DELHI: State-run coal companies are seeking a larger role in non-fossil energy. These firms have set a target of achieving 9 giga watt (GW) of renewable energy capacity by the year 2030, a major part of which solar energy. The move is expected to give a significant push...
MUMBAI: India’s real GDP growth in FY24 will be “closer” to 8 per cent on higher activity in industry and services verticals, Chief Economic Advisor V Anantha Nageswaran said on Tuesday. Addressing a conference organised by ARIA (Association of Registered Investment Advisors) virtually, Nageswaran said the growth will be...
NEW DELHI: Commerce and Industry minister Piyush Goyal has exuded confidence that during this fiscal, the country’s goods and services export numbers will be at the same level; as it was last year despite slowdown and uncertainties in the global trade. He also said that the government measures such...
NEW DELHI: On the fourth anniversary of the COVID-19 pandemic, a study has said that global life expectancy dropped by 1.6 years between 2019 and 2021, a sharp reversal from past improvements. The research is published in The Lancet journal. COVID-19 was declared a global pandemic by the World...
NEW DELHI: Alphabet Inc-owned Google has joined hands with Election Commission of India (ECI) to prevent spread of false information, promote authorised content and label AI-generated data during the upcoming general elections. Google India in a blog post on Tuesday said its product features are designed to elevate authoritative...
NEW DELHI: Tata Power Solar Systems (TPSSL) on Tuesday said it has commissioned 100 MW solar PV project, coupled with 120 MWh utility scale battery energy storage systems (BESS), at Rajnandgaon in Chhattisgarh. TPSSL bagged the Rs 945-crore project on EPC (engineering procurement construction) basis from the Solar Energy...
NEW DELHI: Passenger vehicle wholesales in India rose 11 per cent year-on-year in February, as sports utility vehicles continued to steer demand in the market, industry body SIAM said on Tuesday. The total passenger vehicle dispatches to dealers last month stood at 3,70,786 units, as compared to 3,34,790 units...
MUMBAI: The peer-to-peer (P2P) lending industry is currently in a recalibration phase as companies are awaiting clarity from the Reserve Bank of India (RBI) on specific issues. Some platforms have scaled back on their partnerships with large consumer-facing companies and witnessed a slowdown in growth. The RBI has increased...
NEW DELHI: Many developed and developing countries including Bangladesh, Sri Lanka, and nations of the Gulf region are keen to start trade in rupee with India as it would help cut transaction costs for businesses, Commerce and Industry Minister Piyush Goyal has said. He expressed confidence that the development...
NEW DELHI: The Central Board of Indirect taxes and Customs (CBIC) is planning to prepare a list of products which end up in litigation purely due to classification issues. The fitment committee is likely to look into such items where there is a minor change in composition but the...