Chief Economic Adviser (CEA) V Anantha Nageswaran (File photo) NEW DELHI: Chief Economic Advisor (CEA) V Anantha Nageswaran on Tuesday clarified that India is not participating in any initiative to create an alternative to the US dollar, confirming that no such plans are under consideration. Speaking at an AIMA event, he highlighted India’s economic resilience…
NEW DELHI: US Ambassador to Nato Matthew Whitaker on Tuesday claimed that Russia’s military operations in Ukraine are being financed through oil sales to countries including India, China and Brazil. Speaking to Fox News, Whitaker urged for additional sanctions and tariffs on these nations to increase economic pressure on Moscow.He said Russia’s economy is showing…
Union Minister Ashwini revealing Cabinet decisions NEW DELHI: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi on Tuesday approved the doubling of the Bhagalpur–Dumka–Rampurhat railway line, covering a distance of 177 km across Bihar, Jharkhand, and West Bengal. The project is estimated to cost approximately Rs 3,169 crore. “The enhanced line…
MCX gold futures for October delivery decreased by Rs 203 (0.19 per cent) to Rs 1,08,830 per 10 grams. (AI image) Gold rate today: After hitting lifetime highs this week, gold prices on Wednesday dropped to below Rs 1.09 lakh per 10 grams in domestic futures trading. Investors took profits amidst weakening international markets, whilst…
The intersection of wildlife and semiconductor manufacturing presents an unusual challenge in Assam.At Tata Electronics’ forthcoming outsourced semiconductor assembly and test (OSAT) facility, elephant movements pose potential operational risks. Their footfalls generate ground vibrations that could affect sensitive equipment, potentially causing measurement errors, pattern distortions and operational disruptions in chip production, particularly given the nanometre-scale…
Major IT companies, including Tata Consultancy Services, Infosys and Wipro, had reduced both campus and lateral recruitment since Covid due to business deceleration. (AI image) Infosys, India’s second largest IT services firm, is gearing up to recruit employees through campus hiring. Infosys has asked its senior staff members to participate in panel interviews at universities…
I examine the complex architecture of a semiconductor chip, marveling at its miniature components and precise design. The government is evaluating specific fiscal incentives for chipset development across 25 electronic categories whilst implementing rigorous domestic sourcing requirements for select items, including televisions and air-conditioners, to ensure uptake of locally manufactured semiconductors, according to informed sources.The…
Group travel, short stays and last-minute bookings, these are the trends that define the popular religious tourism segment with pilgrimage travel emerging as one of the fast-growing segments of India’s travel and tourism industry. “Accommodation bookings across 56 pilgrimage destinations grew by 19% in FY24-25,” according to online travel company MakeMyTrip (MMT) which tracked for…
Even as Trump has struck a conciliatory note, his aides continue to attack India. (AI image) In signs of emerging thaw between India and the US on trade deal talks, US President Donald Trump and Prime Minister Narendra Modi have expressed optimism about the trade relationship. While Trump has said that ‘trade barriers’ would be…
Urban Company IPO open for investors Urban Company’s Rs 1,900 crore initial public offering (IPO)’s retail, employee portion was fully subscribed within the first hour of opening on Wednesday, driven by robust interest from retail investors. Bidders placed orders for 62 million shares, or 58 per cent of the 107 million shares on offer. Within…
