NEWS
China's Chery to make cars in Spain, Thailand
23 Apr 2024
Chery Auto, China’s state-owned automobile manufacturer, is expanding overseas with a joint venture deal with Spanish company Ebro-EV Motors and a production facility in neighbouring Thailand.
ASML charts major expansion in Netherlands with new facility in Eindhoven
23 Apr 2024
ASML, the world’s largest supplier of computer chip making equipment and the largest technology player in the Netherlands, is planning a major expansion with the opening of a major facility in the Dutch city of Eindhoven, employing around 20,000 people.
Elon Musk to visit India as govt tweaks FDI rules for space sector as well
23 Apr 2024
Elon Musk, CEO of tech enterprises Tesla, SpaceX, Starlink and X, has confirmed his India visit next week after the Indian government notified amendments to foreign investment rules in space sector, allowing 100 per cent FDI in satellite-related ventures.
CCI to engage agency for launching market study on AI
23 Apr 2024
Competition Commission of India (CCI) has proposed to launch a market study to understand the ecosystem around Artificial Intelligence (AI) and its transformative influence on the market.
Vodafone Idea’s follow-on share offer subscribed 5.4 times
23 Apr 2024
Vodafone Idea’s Rs18,000-crore follow-on public offer (FPO) of equity shares managed to attract subscription for as many as 6.349 billion shares, against the 1.260 billion shares on offer, as the FPO closed for subscription on Monday.
India’s FY24 direct tax mop-up exceed revised estimates by Rs13,000 cr
23 Apr 2024
Net direct tax collection in India increased by 17.70 per cent to an estimated Rs19.58 lakh crore in the 2023-24 financial year, compared to Rs16.64 lakh crore in the previous financial year, provisional figures released by the finance ministry show.
UltraTech buys India Cement’s grinding unit, ups production capacity by 3 million tonnes
22 Apr 2024
Aditya Birla group company UltraTech Cement is acquiring a 1.1 million tonne grinding unit from India Cements for Rs315 crore. The acquisition of the grinding unit will add 3 million tonnes cement manufacturing capacity to UltraTech in Maharashtra - including 1.2 million tonnes at Parli and 1.8 million tonnes at Dhule.
TSMC to get $6.6 bn direct federal funding for Arizona chip project
11 Apr 2024
Close on the heels of US government offer of financial assistance to Intel for expansion and modernisation of its production lines in California, Taiwan Semiconductor Manufacturing Company (TSMC) also said it will receive up to $6.6 billion in direct funding from the US federal government for setting up a state-of-the-art semiconductor plant in Phoenix, its third unit in Arizona.
RBI delays implementation of currency derivatives trading norms
05 Apr 2024
Reserve Bank of India (RBI) has pushed back the implementation of its directions on currency derivatives trade from 5 April to 3 May 2024
.jpg "RBI keeps repo rate unchanged as focus remains on inflation")
RBI keeps repo rate unchanged as focus remains on inflation
05 Apr 2024
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) at its meeting on Friday (5 April 2024) decided to keep the policy repo rate under the liquidity adjustment facility (LAF)
India flight-tests new generation ballistic missile Agni-Prime
05 Apr 2024
India’s Strategic Forces Command (SFC), along with Defence Research and Development Organisation (DRDO), on Wednesday conducted a successful flight-test of Agni-Prime, a new generation ballistic missile.
IIT Bombay teams up with Tata Memorial Hospital to launch gene therapy for cancer
05 Apr 2024
President of India, Droupadi Murmu, on Thursday launched India’s first home-grown gene therapy for cancer at IIT Bombay. The technology developed by Indian Institute of Technology, Bombay (IIT-B) jointly with the Tata Memorial Hospital, has already been successfully applied on a 64-year-old man, who also became the first patient to be cured using India's own CAR-T cell therapy.
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