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US grants $1.5 bn to GlobalFoundries to boost domestic chip production, create jobs

Feb 19, 2024

Washington, Feb 19 (IANS) In a bid to push chip manufacturing, US Vice President Kamala Harris on Monday announced to grant $1.5 billion to semiconductor company GlobalFoundries to expand domestic production, strengthen US supply chains, and create “thousands of good paying jobs right here in America”.In a White House statement, the Joe Biden…

ONGC urged to use AI, data analytics in oil exploration drive

Feb 19, 2024

New Delhi, Feb 19 (IANS) Minister for Petroleum & Natural Gas Hardeep Singh Puri on Monday urged upstream oil giant ONGC to spearhead the country’s oil exploration efforts with the adoption of cutting-edge technologies like AI and Data…

Business

Power Grid to invest Rs 655.75 crore in two projects

Feb 19, 2024

Chennai, Feb 19 (IANS) Power Grid Corporation of India Ltd will be investing Rs 655.75 crore in two projects.In a regulatory filing, the company said its Board of Directors and Committee of Directors on Investment on Projects have accorded…

Business

India headed to be $35 trillion economy by 2047: Piyush Goyal

Feb 19, 2024

New Delhi, Feb 19 (IANS) Minister of Commerce & Industry Piyush Goyal on Monday said that the government’s ambition is to expand the current $3.7 trillion Indian economy to a $30-35 trillion fully developed economy by 2047 and to ensure…

Business

Nifty closes at all-time high, up for fifth straight session

Feb 19, 2024

Mumbai, Feb 19 (IANS) Nifty ended higher for the fifth straight session on Monday after hitting an all-time high on the intra-day charts, said Deepak Jasani, Head of Retail Research at HDFC Securities.At close, Nifty was up 0.37 per cent or…

Business

Mitsubishi partners with TVS Mobility to provide Integrated Vehicle Mobility solutions in India

Feb 19, 2024

TVS Mobility (Demerged from T V Sundram Iyengar & Sons Private Limited), operates in the Indian Automotive Distribution and Aftermarket Industry

Business

TN to establish Artificial Intelligence Mission for leveraging AI

Feb 19, 2024

Chennai, Feb 19 (IANS) Tamil Nadu Finance Minister Thangam Thennarasu on Monday said that the state would establish an Artificial Intelligence (AI) Mission to develop guidelines for constructively leveraging AI in education, employment,…

Business

IREDA inks pact with PNB for financing green energy projects

Feb 19, 2024

New Delhi, Feb 19 (IANS) Indian Renewable Energy Development Agency Ltd. (IREDA) and Punjab National Bank (PNB) have signed a Memorandum of Understanding (MoU) on Monday aimed at advancing renewable energy initiatives across the nation. The…

Business

Domestic manufacturing set to pick up in India: Capitalmind’s Deepak Shenoy

Feb 19, 2024

New Delhi, Feb 19 (IANS) Buoyed by the Production-Linked Incentive (PLI) schemes offered by the government and increased spending on infrastructure, domestic manufacturing activities are expected to pick up in the country, says Deepak…

Business

Govt brings small fishermen on board e-market, consumers to get direct access

Feb 19, 2024

New Delhi, Feb 19 (IANS) The Department of Fisheries on Monday signed a Memorandum of Understanding (MoU) with Open Network for Digital Commerce (ONDC) to promote digital marketing of fish and other aquatic produce which will give a big…

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