Articles for tag: Complex, Falters, Global, Indias, Investments, Market, Massive, Objectives, Semiconductor, Shortages, Strategy, Struggling, Workforce

Market News

Amid massive investments, India’s semiconductor strategy falters, struggling with objectives and workforce shortages in a complex global market.

Amid massive investments, India’s semiconductor strategy falters, struggling with objectives and workforce shortages in a complex global market.

India is investing significantly in its semiconductor industry, with plans to allocate up to $21 billion to boost production. However, a clear strategy is needed to ensure effective use of these funds. The government aims for self-reliance, but achieving true semiconductor independence is unrealistic, even for powerhouses like the U.S. Instead of focusing solely on ...

Market News

MTNL, struggling financially for years, relies on government support again for a critical bond interest payment due September 24.

MTNL, struggling financially for years, relies on government support again for a critical bond interest payment due September 24.

Mahanagar Telephone Nigam Limited (MTNL), a state-run telecom company, is facing financial difficulties and has struggled with losses almost every year since 2008, with only one profitable year in 2013-14. The government has announced that it will step in to cover MTNL’s upcoming interest payment on bonds due on September 24. Recently, MTNL communicated that ...

Market News

India’s import tax hike on edible oils aims to support struggling farmers, dramatically impacting global prices amid election pressures.

India’s import tax hike on edible oils aims to support struggling farmers, dramatically impacting global prices amid election pressures.

India has increased import taxes on crude and refined edible oils by 20 percentage points to support local farmers facing low oilseed prices. This decision raises the total import duty on palm oil, soyoil, and sunflower oil to 27.5%, significantly impacting the prices of these oils and potentially reducing demand from overseas. The new duties ...

Market News

Union Minister K Rammohan Naidu pledges support for struggling SpiceJet amidst soaring demand in India’s airline industry.

Union Minister K Rammohan Naidu pledges support for struggling SpiceJet amidst soaring demand in India’s airline industry.

Union Minister K Rammohan Naidu has addressed the challenges faced by SpiceJet, emphasizing the government’s commitment to ensuring a balance in aviation operations amid rising demand in India. The airline is currently under increased scrutiny due to its financial and legal difficulties, with the Directorate General of Civil Aviation implementing enhanced surveillance measures. Naidu highlighted ...

Market News

China’s Factories Booming but Retail Sales Struggling: Economic Recovery Imbalanced

China’s economic recovery is showing uneven progress, with factory output surging while retail sales continue to lag behind. The latest data reveals a divergence in the country’s economic recovery, as manufacturing activity picks up but consumer spending remains subdued. This trend highlights the challenges facing China’s economy in the wake of the COVID-19 pandemic. Click ...

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