The government has already committed about Rs 62,900 crore — nearly 97 per cent of the Rs 65,000 crore earmarked for semiconductor manufacturing incentives — leaving room only for a handful of smaller projects, a top official said on Friday.Electronics and IT Secretary S Krishnan, while briefing on the upcoming Semicon India 2025 event, said…
India’s foreign exchange reserves rose by $1.488 billion to $695.106 billion during the week ended August 15, according to the latest data released by the Reserve Bank of India (RBI) on Friday.This comes after a sharper rise of $4.747 billion in the previous reporting week, when overall reserves had touched $693.618 billion, PTI reported.For the…
India’s white-collar job market is expected to see strong momentum in the latter half of 2025, with nearly 72% of employers planning workforce expansion through net new job creation, according to Naukri’s bi-annual Hiring Outlook report released on Friday.The report, based on inputs from 1,300 employers across sectors, said hiring sentiment remains upbeat, with 94%…
Wall Street powered higher on Friday after Federal Reserve Chair Jerome Powell signalled that interest rate cuts could be approaching, though he stopped short of offering a clear timeline. The rally came as investors and President Donald Trump kept up pressure for lower borrowing costs, which they believe would provide a boost to the economy…
Market regulator Sebi on Friday cautioned investors about fraudulent trading schemes being circulated on social media and mobile apps that falsely claim to offer stock market access through foreign portfolio investors (FPIs).In a cautionary statement, Sebi said such schemes are illegal and not endorsed by the regulator, PTI reported. It urged investors to be alert…
NEW DELHI: Tata’s full service Air India managed to cut its losses by almost a quarter while the low cost (LCC) AI Express saw its losses more than triple in the first fiscal (FY 25) of the salt-to-satellite conglomerate consolidating its airline business.AIX Connect (erstwhile AirAsia India) was merged into AI Express last Oct. The…
The Reserve Bank of India’s central board on Friday took stock of the evolving global and domestic economic landscape, including geopolitical risks and financial market trends, during its 618th meeting held in Lucknow.The meeting, chaired by RBI Governor Sanjay Malhotra, also reviewed the performance of select central office departments, various board committees, and the Ombudsman…
The Asian Development Bank (ADB) on Friday approved a $410 million package for Pakistan’s Reko Diq copper and gold mine, as the country’s rare earth deposit are attracting foreign interests.The financing includes $300 million in loans to Canadian firm Barrick and a $110 million credit guarantee for the provincial government. The open-pit project in Pakistan’s…
Bajaj Auto experienced temporary delivery restrictions due to international component availability issues in recent weeks. (AI image) Bajaj Auto announced on Friday the restoration of its Chetak electric scooter deliveries to all dealerships, following the resolution of supply limitations caused by worldwide rare earth magnet shortages.China’s restrictions on rare earth magnets have been affecting India’s…
The government has established two high-level committees comprising secretaries, technocrats and economists, with former Cabinet Secretary Rajiv Gauba, a full-time NITI Aayog member, as their chairperson, according to ET sources.Simultaneously, a distinct committee under Cabinet Secretary TVS Swaminathan is addressing deregulation matters at the state level.One of the Gauba-led committees aims to achieve Viksit Bharat…