The government has already committed about Rs 62,900 crore — nearly 97 per cent of the Rs 65,000 crore earmarked for semiconductor manufacturing incentives — leaving room only for a handful of smaller projects, a top official said on Friday.Electronics and IT Secretary S Krishnan, while briefing on the upcoming Semicon India 2025 event, said…
Infrastructure policies and other elements essential for critical communication in the country are being developed rapidly, Telecom Regulatory Authority of India (Trai) Chairman A K Lahoti said on Friday.Speaking at the Broadband India Forum (BIF) event on critical communications, Lahoti said the regulator has given a series of recommendations to the government to strengthen critical…
India’s white-collar job market is expected to see strong momentum in the latter half of 2025, with nearly 72% of employers planning workforce expansion through net new job creation, according to Naukri’s bi-annual Hiring Outlook report released on Friday.The report, based on inputs from 1,300 employers across sectors, said hiring sentiment remains upbeat, with 94%…
Market regulator Sebi on Friday cautioned investors about fraudulent trading schemes being circulated on social media and mobile apps that falsely claim to offer stock market access through foreign portfolio investors (FPIs).In a cautionary statement, Sebi said such schemes are illegal and not endorsed by the regulator, PTI reported. It urged investors to be alert…
US stocks edged higher on Friday as investors awaited Federal Reserve Chair Jerome Powell’s address at the annual Jackson Hole symposium, where major policy signals have often been delivered in the past.The S&P 500 rose 0.3% after five straight modest losses following last week’s record high. The Dow Jones Industrial Average advanced 273 points, or…
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…
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…
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…
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…
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…
