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Tata’s Assam plant to produce 4.8 cr chips daily, create 28,000 jobs: Ashwini Vaishnaw

Aug 4, 2024

New Delhi, Aug 3 (IANS) The Tata Group’s semiconductor plant in Assam will produce 4.83 crore semiconductor chips per day, along with generating 15,000 direct and up to 13,000 indirect jobs once operational, Union Minister for Railways, Electronics and IT and I&B, Ashwini Vaishnaw, said on Saturday.The Union Minister also pointed out that the…

Indian startups raised over $1 billion funding in July: Report

Aug 4, 2024

New Delhi, Aug 3 (IANS) Indian startups successfully raised $1.03 billion in July as the government abolished angel tax in the Union Budget 2024-25 which was levied on foreign investors, according to a report on Saturday.As per the report…

Business

Bank of India clocks 10 pc rise in Q1 net profit at Rs 1,703 crore

Aug 4, 2024

New Delhi, Aug 3 (IANS) Government-owned Bank of India on Saturday reported a 10 per cent increase in its net profit to Rs 1,703 crore in the April-June quarter of the current financial year, compared to Rs 1,551 crore in the same quarter…

Business

SBI posts marginal increase in Q1 net profit at Rs 17,035 crore

Aug 4, 2024

New Delhi, Aug 3 (IANS) State Bank of India (SBI) on Saturday reported a standalone net profit of Rs 17,035 crore for the April-June quarter of 2024-25 which was a mere 0.9 per cent increase over the corresponding figure of Rs 16,884.3…

Business

Exciting Innovations Unveiled at India International Hospitality Expo 2024 | ALPHABOT

Aug 3, 2024

The India International Hospitality Expo 2024, held at India Expo Mart, witnessed an array of cutting-edge exhibits that captivated attendees. Among them, Alpha Droid stole the show as India's premier robot-as-a-service. Ten News Network…

Business

ASEAN-India trade talks in Jakarta pave way for closer ties

Aug 3, 2024

New Delhi, Aug 3 (IANS) Ministry of Commerce and Industry on Saturday said that the 5th meeting of the joint committee for the review of the ASEAN-India Trade in Goods Agreement (AITIGA) was held at the ASEAN Secretariat in Jakarta. “It…

Business

Tata Electronics holds groundbreaking ceremony of Rs 27,000 crore chip plant in Assam

Aug 3, 2024

New Delhi, Aug 3 (IANS) In a fillip to Prime Minister Narendra Modi's vision to make India a global semiconductor manufacturing hub, Tata Electronics on Saturday held the ground-breaking ceremony of its chip assembly and testing unit at…

Business

Area sown under kharif crops grows by 3 pc in current season

Aug 3, 2024

New Delhi, Aug 3 (IANS) India has recorded a 3 per cent increase in the area sown under Kharif crops to 904.60 lakh hectares so far this year, compared to 879.22 lakh hectares in the same period last year, according to the latest data…

Business

Portugal approves major investments in national energy grid

Aug 3, 2024

Lisbon, Aug 3 (IANS) The Portuguese government announced that it has greenlit a series of significant investments by Redes Energetics Nacionais (REN) aimed at extending and developing the National Transmission Network (RNT).The approval,…

Business

Weekly Wrap: Sensex ends eight-week gaining streak after recession fears in global market

Aug 3, 2024

Mumbai, Aug 3 (IANS) Indian equity indices witnessed a loss in the last week due to fear of recession in the global market. On Friday, Sensex ended at 80,981, down 855 points or 1.08 per cent and Nifty closed at 24,717, down 293 points or…

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