Business

Business

Semiconductors: First Made-in-India chip to hit the market this year

January 19, 2024 Vinayak Barot

Virendra Pandit    New Delhi: Union Minister for Information Technology Ashwini Vaishnav said on Friday the first Made-in-India chip, used across multiple industries—particularly in IT, electronics, and communication—will hit the market by December 2024, bringing to fruition Prime Minister Narendra Modi’s efforts to develop a strong semiconductor industry in a short period. Speaking to a […]

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Roving Periscope: After tit-for-tat, Pakistan dreads a fiercer Iranian counter-attack

January 18, 2024 Vinayak Barot

Virendra Pandit    New Delhi: For centuries, the world has known it: Iran neither forgets nor forgives. Even a cautious America, having burnt its fingers several times, handles Iran with utmost care. So, after a knee-jerk jingoistic reaction against Iran, after it showered missiles on Tuesday into Pakistani territory, Islamabad dreads the next, and fiercer, […]

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Pink slips: “Removing layers,” Pichai says as Google to sack more employees

January 18, 2024 Vinayak Barot

Virendra Pandit    New Delhi: Google continues to lead technology giants in sacking more and more employees this year. On Wednesday, its Chief Executive Officer (CEO) Sundar Pichai was quoted as saying that Google is “removing layers,” hinting at more layoffs in 2024, according to the media reports. His remarks came a day after the […]

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WingsIndia 2024: As aviation booms and fliers multiply, Akasa Air also to acquire 150 more Boeings

January 18, 2024 Vinayak Barot

Virendra Pandit    New Delhi: As the Indian civil aviation industry booms—it is projected to see the number of fliers multiplying from 153 million now 300 million by 2030—Akasa Air became the third airline to order aircraft in bulk: it will acquire 150 Boeing 737 Max aircraft for global expansion. Put together, the country’s three […]

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Government of Maharashtra signs MoU with Adani Group to set up hyperscale data center infrastructure on investment of Rs 50,000 crore

January 17, 2024 Vinayak Barot

Davos, 17 January 2024: Adani Enterprises Limited, the flagship company of the Adani Group, one of the world’s largest infrastructure conglomerates, and the Government of Maharashtra today signed a memorandum of understanding (MoU) to set up 1 GW hyperscale data infrastructure in the state at an investment of Rs 50,000 crore, over the next 10 […]

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Roving Periscope: Saudis ready to recognize Israel; sound alarm on M-E security

January 17, 2024 Vinayak Barot

Virendra Pandit    New Delhi: After over 100 days of the Gaza Conflict, which has claimed more than 25,000 lives so far, and Iran attacking three countries with missiles—Iraq, Syria, and Pakistan—the Saudis have sounded an alarm on the escalating wars in the Middle East. “We are incredibly concerned for regional security,” Saudi Arabia’s Foreign […]

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WEF: ‘In most economies, GDP growth is neither sustainable nor inclusive’

January 17, 2024 Vinayak Barot

Virendra Pandit    New Delhi: The growth of Gross National Product (GDP) in most countries is neither sustainable nor inclusive, the World Economic Forum (WEF) said in a study on Wednesday. The Future of Growth Report, released in Davos, Switzerland, during the ongoing WEF Annual Meeting 2024, called for a new approach to economic growth […]

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Markets: With global sentiments, Sensex sinks over 1,600 points, Nifty 460 points

January 17, 2024 Vinayak Barot

Mumbai: Global sentiments and bearish hammering of HDFC Bank, among other reasons, pulled down benchmark indices in Dalal Street on Wednesday with the S&P BSE Sensex plummeting 1,628 points and the Nifty50 closing down by 460 points. India’s equity benchmarks opened in the red, dragged down by bank stocks and weakened trends from Asian markets. […]

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Govt of Telangana Signs 4 MoUs with the Adani Portfolio of Companies for over Rs 12,400 cr at WEF, Davos

January 17, 2024 Vinayak Barot

Davos, 17 January 2024: The Adani portfolio of companies, one of the world’s largest infrastructure conglomerates, and the Government of Telangana today signed four memorandums of understanding (MoU) for investment of over Rs 12,400 crore, at the World Economic Forum 2024. These were signed in the presence of the Chief Minister of Telangana, Mr. Revanth […]

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WEF: India’s growth prospects firm, banking sector recovered well, says RBI Governor Das

January 17, 2024 Vinayak Barot

Virendra Pandit    New Delhi: India’s growth prospects are “very good” and its banking sector has recovered remarkably, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday. Speaking at a session during the ongoing World Economic Forum (WEF) Annual Summit at Davos, Switzerland, he said there is a lot of global confidence in […]

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