If Tower’s proposal comes through, it would be the first semiconductor company with real fabrication pedigree to apply for India’s $10 billion chip manufacturing scheme, and could be a big boost to New Delhi’s chipmaking ambitions.
In his recorded video message, Prime Minister Narendra Modi said there is global optimism and confidence in the Indian economy and India is seen as a combination of openness, opportunities and options.
The civil aviation sector is contributing to the rise of the economic power of India, Jyotiraditya Scindia said and highlighted the aircraft orders placed by airlines, including Air India.
Domestic air passenger traffic is likely to grow 8-13 per cent in the current fiscal and the aviation industry is also expected to trim the losses further, credit rating agency Icra said on Thursday.
The National Company Law Tribunal On May 10 placed a moratorium on the Wadia group airline’s financial obligations and recovery of aircraft by lessors.
Ajay Banga, just 130 days into the job, has a mandate to broaden the multilateral development lender’s mission to tackle global crises including climate change, pandemics and fragile states.
Bajaj Allianz General Insurance has outbid Oriental Insurance Company (OIC) to win the mandate for Gujarat and Reliance General Insurance (RGI) has pushed out National Insurance Company (NIC) for Meghalaya in the competitive bidding.
On the domestic equity market front, the BSE Sensex was trading 40.84 points or 0.06 per cent lower at 65,976.97, while the broader NSE Nifty fell 2.75 points or 0.01 per cent to 19,799.25.
Describing India as a “major focus” for Apple, CEO Tim Cook has said the tech giant has a “low share” in the country’s large market and there is a “lot of headroom” and “positives” there for the company.
Fincare Small Finance Bank started its operation on July 21, 2017. Its profit after tax stood at Rs 219 crore as of September-end.