Semiconductor push: India hosts 20% of world’s chip design engineers; consumption set to cross $120 billion by 2030

India accounts for around 20 per cent of the world’s chip design engineers, placing it as a key player in the global semiconductor design ecosystem, according to a report by Bastion Research.According to news agency ANI, the report underlined India’s strong position in the global semiconductor chain, noting, “India is already an important piece in…

Read More

Vaishnaw holds talks with online gaming companies

NEW DELHI: Days after a new law banned online money games, IT minister Ashwini Vaishnaw on Monday held a meeting with online gaming companies to discuss the protection of users’ money and promotion of e-sports and social games.The meeting comes within a fortnight of the Parliament passing The Promotion and Regulation of Online Gaming Act,…

Read More

Market watch: Asian stocks rebound as tech fuels gains; oil climbs as Ukraine targets Russian refineries

Representative image (Picture credit: AP) Asian stocks opened with modest gains on Tuesday, supported by a rebound in technology and artificial intelligence shares, while oil prices advanced amid growing concerns over supply disruptions linked to the Russia-Ukraine conflict.In equity markets, shares in Japan and South Korea recovered after Monday’s losses, though Australian stocks slipped. US…

Read More

Car companies cut dispatches to dealers

NEW DELHI: In a rare case, dispatches by the the car industry to dealerships have declined in the festive season as buyers are postponing taking deliveries on hopes of price cuts due to an expected reduction in GST rates in an upcoming review.Total car wholesales in Aug are estimated at around 3.3 lakh units against…

Read More

PE-VC investments more than halve to $1.2bn in Aug

CHENNAI: Private Equity- Venture Capital (PE-VC) investments fell by 55% in Aug to $1.2 billion this year against $2.8 billion in the same month of CY2024. Interestingly, US-headquartered investors handling large size PE deals (more than $100 million) were absent during the month.Data released by research firm Venture Intelligence on Monday shows that the YTD…

Read More

Growth sustained by domestic resources, says ex-RBI deputy governor Michael Patra

MUMBAI: India’s rapid economic growth is sustained by domestic resources rather than foreign capital, former RBI deputy governor Michael Patra said amid external challenges, including tariffs imposed by US President Donald Trump.“India self-finances its growth and doesn’t depend on foreign capital for its investment,” Patra said at an event here on Monday. “This is a…

Read More