Markets regulator Sebi on Wednesday announced that foreign portfolio investors (FPIs) investing solely in government securities under the fully accessible route will no longer be required to provide investor group details.In a circular, Sebi said these investors will also be exempted from certain disclosure and reporting requirements applicable to regular FPIs. The changes are intended…
A US Senate committee on Wednesday advanced the nomination of President Donald Trump’s choice for the Federal Reserve board, Stephen Miran, despite concerns that he may not resign from the White House even if confirmed.Miran, who chairs the White House Council of Economic Advisers (CEA), cleared the Senate Banking Committee by a narrow 13-11 vote,…
US President Donald Trump lashed out at the Federal Reserve on Wednesday after fresh data showed US producer prices unexpectedly fell in August, sharpening his demand for an immediate rate cut.In a post on his Truth Social, Trump posted “Just out: No Inflation!!! ‘Too Late’ must lower the RATE, BIG, right now. Powell is a…
Oracle shares surged about 35% on Wednesday after the company highlighted a surge in demand for its cloud services from AI firms, signalling a deeper push into the infrastructure supporting artificial intelligence systems. The growth in Oracle’s cloud business reflects a broader industry trend, with companies such as OpenAI and xAI ramping up spending on…
US producer prices unexpectedly fell 0.1% in August from July, the Labor Department reported Wednesday, after a 0.7% advance the previous month.The producer price index — a measure of inflation in the supply chain before it reaches consumers — showed wholesale services prices dropped 0.2% as retailers and wholesalers absorbed costs from President Donald Trump’s…
Former Prime Minister and noted economist Dr Manmohan Singh has been posthumously conferred the P V Narasimha Rao Memorial Award for Economics in recognition of his pivotal role in shaping India’s economic transformation and nation-building.The award was received on his behalf by his wife, Gursharan Kaur, at a ceremony held in the national capital last…
Equity mutual fund inflows fell 22% to Rs 33,430 crore in August, largely due to a sharp decline in new fund offers (NFOs), data from the Association of Mutual Funds in India (AMFI) showed on Wednesday. Despite the dip, August marked the 54th straight month of net inflows into equity schemes.In July, equity-oriented funds had…
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…
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…
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…