NEWS

Polar Semiconductor secures $123 m US funding for fab unit in Minnesota

Polar Semiconductor secures $123 m US funding for fab unit in Minnesota

25 Sep 2024

The US Department of Commerce on Tuesday announced the award of $123 million in direct funding to Polar Semiconductor, its first under the CHIPS incentives programme

US to ban smart car tech from China and Russia

US to ban smart car tech from China and Russia

24 Sep 2024

The US Department of Commerce has proposed a ban on smart vehicles that use Chinese or Russian technology that may put national security at risk

IPEF announces action plan to ensure global supply chain resilience

IPEF announces action plan to ensure global supply chain resilience

24 Sep 2024

The Indo-Pacific Economic Forum (IPEF) for Prosperity has announced the setting up of separate teams for implementing action plans to ensure resilient supply chains for semiconductors

India, US to set up strategic chip fabrication centre

India, US to set up strategic chip fabrication centre

24 Sep 2024

The US Space Force will collaborate with India Semiconductor Mission, Bharat Semi and 3rdiTech to set up a manufacturing facility for infrared, gallium nitride and silicon carbide semiconductors.

CMA CGM acquires 48% stake in Brazil port terminal operator Santos Brasil

CMA CGM acquires 48% stake in Brazil port terminal operator Santos Brasil

23 Sep 2024

French shipping giant CMA CGM has acquired 48 per cent stake in Brazilian port terminal operator Santos Brasil Participacoes, for about $1.15bn

Chandrayaan-4 mission to demonstrate technologies for safe return from Moon

Chandrayaan-4 mission to demonstrate technologies for safe return from Moon

23 Sep 2024

India last week announced four planned space missions, including one to planet Venus, a fourth mission to Moon and building an Indian Space Station and finally taking an Indian to and from the Moon

Anil Ambani invests Rs1,104 cr as Reliance Infra achieves debt-free status

Anil Ambani invests Rs1,104 cr as Reliance Infra achieves debt-free status

23 Sep 2024

Anil Ambani has made a spectacular comeback with fresh equity investment in Reliance Infrastructure after the company along with Reliance Power achieved debt-free status by clearing around Rs8,000 core debt.

New blast furnace ups crude steel capacity at Tata Steel Kalinganagar by 5 million tonnes

New blast furnace ups crude steel capacity at Tata Steel Kalinganagar by 5 million tonnes

22 Sep 2024

Tata Steel on Friday commissioned a 5 million tonnes per annum capacity blast furnace at Kalinganagar, Orissa, raising the plant’s crude steel capacity to 8 million tonnes from 3 million tonnes.

OYO to acquire G6 Hospitality from Blackstone for $525 m in cash

OYO to acquire G6 Hospitality from Blackstone for $525 m in cash

22 Sep 2024

Oravel Stays, the parent company of hospitality and travel technology company OYO, has agreed to acquire economy lodging franchisor G6 Hospitality, the parent company of Motel 6 and Studio 6 brands

Tata Motors, Tata Power team up for setting up commercial vehicle charging stations

Tata Motors, Tata Power team up for setting up commercial vehicle charging stations

22 Sep 2024

Tata Power EV Charging Solutions Limited, a subsidiary of Tata Power Ltd, has signed a memorandum of understanding (MoU) with group company Tata Motors Ltd

Tata Steel secures £500 m UK govt grant for green steel initiative at Port Talbot

Tata Steel secures £500 m UK govt grant for green steel initiative at Port Talbot

21 Sep 2024

Tata Steel has secured a £500 million grant from the UK government for the construction of an electric arc furnace at its Port Talbot steel plant in Wales

CCI finds Amazon and Flipkart favouring select phone makers like Samsung and Xiaomi

CCI finds Amazon and Flipkart favouring select phone makers like Samsung and Xiaomi

20 Sep 2024

The Competition Commission of India (CCI) has found e-market places Amazon and Flipkart to be colluding with select smartphone makes such as Samsung, Xiaomi and other major companies

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