Electronics exports from India surged by 21.8 percent from April to August 2024, reaching $13.57 billion, primarily driven by mobile devices. Mobile device exports alone accounted for $7.56 billion, making up over half of total electronics exports. Key players in this growth include Apple Inc. and its Indian vendors—Foxconn, Tata, and Pegatron—who contributed 67 percent ...
 "LIC allocates Rs 600 crore for a bold digital transformation, aiming for a paperless future amid fierce market competition.")
Life Insurance Corporation of India (LIC) is investing Rs 600 crore in its digital transformation to become fully paperless within two years. At a recent event in Mumbai, Chief Risk Officer Sunder Krishnan shared details about the investment, which includes hiring a system integrator and consultants for various aspects of the transformation. LIC has partnered ...
 "Nirmala Sitharaman launched the NPS Vatsalya scheme, empowering parents to secure their children’s future through pension savings.")
Union Finance Minister Nirmala Sitharaman recently launched the NPS Vatsalya scheme, aimed at helping parents save for their children’s futures through a pension account. Parents can subscribe online or visit their bank or post office, starting with a minimum investment of Rs 1,000, followed by an annual contribution of Rs 1,000. This scheme allows children ...
 "RBI embarks on a monumental 4-5 year project to revolutionize currency management, ensuring safety, efficiency, and eco-friendliness for India’s economic future.")
The Reserve Bank of India (RBI) is planning a major overhaul of its currency management system over the next 4-5 years to meet the growing cash needs of the economy. This modernization will include building new currency management centers, automating warehouses, and improving security and inventory systems. The RBI noted that while the growth rate ...
 "Corning accelerates growth in India with major investments in mobile tech and life sciences, marking a bullish future.")
Corning is optimistic about its growth in India, focusing on mobile consumer electronics and life sciences. Currently, its automotive and optical fiber sectors generate the most revenue. The company, originally known for glass covers for light bulbs, has diversified into various glass technologies. To strengthen its presence, Corning plans to invest over Rs 1,000 crore ...
 "The UK government grants £500 million to Tata Steel for decarbonization, securing jobs and a green future for Port Talbot.")
The UK government has approved a significant 500 million pound grant to Tata Steel to support the decarbonisation of its operations in Britain. This funding will help install a modern electric arc furnace at Tata’s Port Talbot steelworks in Wales, part of a larger 1.25 billion pound green steel project. The agreement aims to preserve ...
Tamil Nadu Chief Minister M K Stalin recently visited the US, where he oversaw the signing of significant industrial investment agreements in Chicago. These agreements, involving Jabil Inc. and Rockwell Automation, are expected to attract Rs 2,666 crore in investments and create over 5,300 jobs in Tiruchi and Kancheepuram districts. Additionally, a memorandum of understanding ...
The dramatic reduction of trees in Odisha highlights a pressing environmental issue. Over 26 lakh trees have been cut down in the past 23 years under the previous government, primarily for development projects such as electricity services, mining, and road expansion. Environmentalists express grave concern, noting that felling more trees than are grown leads to ...
 "Boeing’s Starliner capsule lands uncrewed amid safety concerns, jeopardizing the company’s legacy and the future of NASA’s astronaut missions.")
Boeing’s Starliner spacecraft completed its uncrewed return from the International Space Station on September 6, 2024, landing safely in New Mexico. However, the mission has raised concerns as it did not carry the two astronauts it took to the station due to malfunctions in the capsule’s thrusters. While Boeing is proud of its space history, ...
Industrial Training Institutes (ITIs) in India have shown improved performance, signaling better employment prospects for students. In the latest grading by the Ministry of Skill Development and Entrepreneurship, nearly 19% of approximately 15,000 ITIs scored above 8 out of 10, up from 12.4% last year. The highest scorers, with grades of 9.6, are located in ...
