India is undergoing a major transformation in its semiconductor journey, rapidly building capabilities to become a critical player in the global chip value chain. The push is backed by significant policy support, large-scale investments, and a growing pool of skilled engineers, as per news agency ANI.Semiconductors, essential to devices ranging from smartphones and televisions to…
India’s cooperative sector is preparing to challenge ride-hailing giants Ola and Uber with the launch of a new taxi service under the brand ‘Bharat’ by the end of 2025, backed by a Rs 300 crore authorised capital. The initiative, fully funded by leading cooperatives, has already enrolled 200 drivers across four states, according to news…
The Centre has notified a new regulatory framework for India’s edible oil industry, aiming to increase transparency, prevent supply disruptions, and ensure fair prices for consumers. The Vegetable Oil Products, Production and Availability (VOPPA) Regulation Order, 2025, notified on August 1 by the ministry of consumer affairs, amends the existing 2011 Order under Section 3…
US President Donald Trump’s trade advisor Jamieson Greer has said the new American tariff rates are “pretty much set” with limited scope for negotiation, defending the Trump administration’s latest round of levies, including harsh duties on Brazil.In a pre-recorded interview aired on CBS’s Face the Nation on Sunday, US trade representative Greer said the rates…
Saudi Arabia, Russia and six other key members of the OPEC+ alliance, collectively known as the Voluntary Eight (V8), have agreed to increase oil production by 547,000 barrels per day (bpd) starting September 2025, a move seen as an attempt to regain market share amid resilient oil prices.As per news agency AFP, the decision was…
Trump administration officials have said that India buying oil from Russia is an ‘irritant’ for the US. (AI image) India is faced with the prospect of an additional penalty from the Donald Trump administration for its procurement of oil and defence equipment from Russia. While announcing a 25% tariff rate for India this week, Trump…
Air India on Sunday cancelled its Singapore to Chennai flight AI349 following a technical issue that required extended maintenance work. The flight, scheduled to be operated using an Airbus A321, was grounded after a pre-departure check flagged the problem.In a statement issued on Sunday, the airline said, “Flight AI349 scheduled to operate from Singapore to…
Bharat Sanchar Nigam Limited (BSNL) and Numaligarh Refinery Limited (NRL) have signed a landmark Memorandum of Understanding (MoU) to deploy India’s first 5G Captive Non-Public Network (CNPN) in the refinery sector, marking a major step towards industrial digital transformation.The MoU was inked during the “Industry 4.0 Workshop for CPSEs” held under the aegis of the…
Hiring in India’s IT services sector has remained largely flat for the past six to seven quarters, with no visible signs of revival in the July-September period either, according to Quess Corp executive director and CEO Guruprasad Srinivasan. According to PTI, he said demand has shifted from traditional IT companies to global capability centres (GCCs)…
The Reserve Bank of India is expected to maintain the repo rate at 5.5 per cent in its upcoming monetary policy review on August 6, following three consecutive rate cuts totalling 100 basis points. The central bank’s Monetary Policy Committee (MPC), headed by Governor Sanjay Malhotra, will begin its three-day deliberations on Monday.While inflation remains…
