Articles for tag: Adani, Approves, Billion, Boosting, Capacity, Chip, Indias, Jobs, Maharashtra, Plant, Production, Promising, Semiconductor, Tower

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Maharashtra approves a  billion semiconductor plant by Adani and Tower, promising 5,000 jobs and boosting India’s chip production capacity.

Maharashtra approves a $10 billion semiconductor plant by Adani and Tower, promising 5,000 jobs and boosting India’s chip production capacity.

Maharashtra’s government has approved a major semiconductor fabrication unit to be built in Panvel, Mumbai, through a collaboration between the Adani Group and Israel’s Tower Semiconductor. This project, involving an investment of approximately Rs 83,947 crore ($10 billion), aims to produce 80,000 semiconductor wafers monthly in two phases. The first phase will invest Rs 58,763 ...

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India’s renewable energy ambitions are stifled by insufficient weather forecasting, jeopardizing safety and profitability in a rapidly evolving landscape.

India’s renewable energy ambitions are stifled by insufficient weather forecasting, jeopardizing safety and profitability in a rapidly evolving landscape.

India’s renewable energy sector is facing challenges due to inadequate weather forecasting, according to industry leaders. At the BloombergNEF Summit in New Delhi, experts highlighted that the country’s low density of weather stations and infrequent data collection hinder the performance of wind farms and overall clean energy production. Improved weather models are essential for optimizing ...

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Corporate elites, drawn to the costly allure of padel and pickleball, are transforming India’s athletic landscape amidst luxury and competition.

Corporate elites, drawn to the costly allure of padel and pickleball, are transforming India’s athletic landscape amidst luxury and competition.

Padel and pickleball are gaining popularity among India’s corporate elite, but they come with a hefty price tag. For instance, a high-quality pickleball racquet can cost as much as Rs 45,000, and building a court may set you back over Rs 10 lakh. This trend is highlighted by the presence of a padel court on ...

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Trade Minister Piyush Goyal advocates for a border adjustment tax to protect India’s steel industry from predatory imports and boost production.

Trade Minister Piyush Goyal advocates for a border adjustment tax to protect India’s steel industry from predatory imports and boost production.

Trade Minister Piyush Goyal recently proposed a border adjustment tax (BAT) to protect India’s steel industry from cheap imports. Speaking at a steel conclave, he emphasized the need for this tax to level the playing field, as Indian producers face higher costs due to local taxes. However, some experts suggest that BAT might only slightly ...

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Sanlam ventures into India’s wealth management, seizing growth amid economic transformation, as its profits soar on strategic partnerships.

Sanlam ventures into India’s wealth management, seizing growth amid economic transformation, as its profits soar on strategic partnerships.

Sanlam Ltd., Africa’s largest insurer, is set to expand into India’s rapidly growing asset and wealth management sector. Building on its initial partnership with Shriram Capital Group established in 2005, Sanlam plans to launch a joint venture that focuses on wealth and advisory services. CEO Paul Hanratty highlighted that many Indians are starting to save ...

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Generative AI fuels TCS’s rapid growth in engineering and design, transforming product cycles and propelling India’s tech industry to new heights.

Generative AI fuels TCS’s rapid growth in engineering and design, transforming product cycles and propelling India’s tech industry to new heights.

Tata Consultancy Services (TCS) is leveraging generative AI to enhance its engineering research and design capabilities, leading to a 20% acceleration in product development cycles for major clients like Rolls Royce and Jaguar Land Rover. This sector is projected to grow significantly, with an expected value of $170 billion by 2030, nearly quadrupling from current ...

Market News

RBI Governor Shaktikanta Das reassures India’s growth amid slowing GDP, emphasizing inflation control and optimistic consumption and investment trends.

RBI Governor Shaktikanta Das reassures India’s growth amid slowing GDP, emphasizing inflation control and optimistic consumption and investment trends.

Shaktikanta Das, Governor of the Reserve Bank of India, affirmed that India’s economic growth story remains strong despite a slowdown in GDP during the first quarter. He highlighted that consumption and investment are both increasing. Das emphasized the need for new members in the Monetary Policy Committee to ensure timely meetings. He noted optimism in ...

Market News

India’s NIIF aims to raise  billion for infrastructure, marking a bold restart under new leadership after previous turmoil.

India’s NIIF aims to raise $4 billion for infrastructure, marking a bold restart under new leadership after previous turmoil.

The National Investment & Infrastructure Fund (NIIF) of India is planning to raise approximately $4 billion, aiming for its largest funding round yet. This initiative comes as part of the government’s effort to enhance the country’s infrastructure. The new fund is set to be significantly bigger than the last Master Fund, which concluded with $2.34 ...

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India’s Ambitious Leap: Aviation Sector Set for Major Transformation

India’s Ambitious Leap: Aviation Sector Set for Major Transformation

The Indian government is advancing plans to manufacture commercial aircraft domestically, as announced by Civil Aviation Minister K Rammohan Naidu. A special purpose vehicle will be established to involve industry stakeholders in this initiative. The recently passed Bhartiya Vayuyan Vidheyak Bill 2024 will regulate aircraft design and production, aligning with the Aatmanirbhar Bharat initiative aimed ...

Market News

Harvinder Singh Makes History: India’s First Gold in Paralympic Archery!

Harvinder Singh Makes History: India’s First Gold in Paralympic Archery!

Harvinder Singh has made history by becoming the first Indian archer to win a gold medal at the Paralympics, defeating Poland’s Lukasz Ciszek in a decisive 6-0 victory in the Men’s Individual Recurve Open. This remarkable achievement comes three years after he won bronze at the Tokyo Paralympics. The 33-year-old athlete showcased his skill and ...

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