NEWS
BEL’s outstanding orders swell to Rs68,000 crore
09 Dec 2023
State-owned aerospace and defence company Bharat Electronics Ltd (BEL) has secured fresh orders worth Rs3,915 crore from the Indian Army.
Non-fossil fuel sources account for nearly 44% of India’s installed electricity generation capacity
09 Dec 2023
The total installed capacity for generation of electricity using non-fossil fuel energy resources in India stood at 186.46 Giga Watts as of 31 October 2023
Govt fast-tracks Micron’s semiconductor project at Sanand in Gujarat
09 Dec 2023
Government has fast-tracked Micron’s semiconductor unit being set up in in Sanand, in Gujarat with capital investment of Rs22,516 crore ($2.75 billion).
Govt to auction 30 critical minerals for strategic mining
09 Dec 2023
The central government on Wednesday initiated the process of auction of critical minerals, perhaps for the first time in the country, and has identified 30 minerals for strategic mining.
AMD challenges Nvidia with MI300 AI chips
09 Dec 2023
AMD, which is backed by industry leaders, including Microsoft, Dell Technologies, HPE, Lenovo, Meta, Oracle, Supermicro and others also launches ROCm 6 software stack with significant performance optimisations and new features for Large Language Models and Ryzen 8040 Series notebook processors for AI PCs
Govt extends date for fresh applications under PLI scheme for textiles till 31 December
09 Dec 2023
The central government has extended the last date for submitting fresh applications under the PLI scheme for textiles through an online portal to 31 December 2023.
RBI MPC maintains 6.5% repo rate, raises FY24 GDP forecast to 7%
08 Dec 2023
In its bi-annual policy announcement, the Reserve Bank of India’s Monetary Policy Committee (RBI MPC) opted to keep the repo rate unchanged at 6.5%, marking the fifth consecutive decision to maintain the status quo.
Toshiba and Rohm announce a $2.7 billion investment in joint power chip production
08 Dec 2023
In a significant move aimed at bolstering Japan’s power chip industry, Toshiba and Rohm revealed on Friday, 8 December 2023, their collaboration in a substantial investment of 388.3 billion yen, or $2.7 billion, for the joint production of power chips.
Zomato shares rise on block deal, SoftBank potentially selling
08 Dec 2023
Zomato Ltd. witnessed a surge in its shares during the early trading session, fueled by reports of a substantial bulk deal.
Indian economy to be world's third-largest by 2030: S&P report
08 Dec 2023
India is well on course to become the third-largest economy in the world by 2030, provided the country succeeds in seizing the 'immense opportunity' to become a major global manufacturing hub
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Apple looks to India, Japan and South Korea for iPhone, iPad components
08 Dec 2023
Apple is reportedly seeking suppliers from India, Japan, and South Korea who can deliver vital components to its contract manufacturers in India as imports from China face government restrictions in India.
Govt selling 8% equity in Ircon; sets base price at Rs154 a share
07 Dec 2023
The central government has come out with an offer to sell up to eight per cent equity in Navratna public sector undertaking Ircon and has set the floor price at Rs154 per share.
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