Chip policy push: Nvidia in talks with Trump administration on new B30A design for China; security concerns remain, Beijing flags ‘backdoor’ risk

Nvidia chief executive Jensen Huang said the company is holding talks with the Trump administration over a potential new semiconductor for China, even as Washington maintains tight curbs on advanced chip sales citing national security.During a visit to Taiwan to meet Taiwan Semiconductor Manufacturing Corp (TSMC), Nvidia’s key manufacturing partner, Huang was asked about reports…

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ADB–Pakistan funding: $410m package approved for Reko Diq; activists raise human rights and environmental concerns

The Asian Development Bank (ADB) on Friday approved a $410 million package for Pakistan’s Reko Diq copper and gold mine, as the country’s rare earth deposit are attracting foreign interests.The financing includes $300 million in loans to Canadian firm Barrick and a $110 million credit guarantee for the provincial government. The open-pit project in Pakistan’s…

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RBI board reviews economic outlook; global and domestic challenges discussed, new MPC nomination cleared

The Reserve Bank of India’s central board on Friday took stock of the evolving global and domestic economic landscape, including geopolitical risks and financial market trends, during its 618th meeting held in Lucknow.The meeting, chaired by RBI Governor Sanjay Malhotra, also reviewed the performance of select central office departments, various board committees, and the Ombudsman…

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Rare earth magnets crunch eases: Bajaj Auto resumes supplies of e-scooter Chetak; Rajiv Bajaj had earlier warned of zero production month

Bajaj Auto experienced temporary delivery restrictions due to international component availability issues in recent weeks. (AI image) Bajaj Auto announced on Friday the restoration of its Chetak electric scooter deliveries to all dealerships, following the resolution of supply limitations caused by worldwide rare earth magnet shortages.China’s restrictions on rare earth magnets have been affecting India’s…

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Government forms two high-level reform panels: Rajiv Gauba appointed chair; aligned with PM’s Viksit Bharat push

The government has established two high-level committees comprising secretaries, technocrats and economists, with former Cabinet Secretary Rajiv Gauba, a full-time NITI Aayog member, as their chairperson, according to ET sources.Simultaneously, a distinct committee under Cabinet Secretary TVS Swaminathan is addressing deregulation matters at the state level.One of the Gauba-led committees aims to achieve Viksit Bharat…

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