More than 250 companies from 24 countries are set to participate in the ‘Semicon India 2024’ event in Greater Noida from September 11-13, showing the country’s growing presence in this critical sector, the government has said. According to the Ministry of Electronics and IT, these companies span the entire semiconductor supply chain, from equipment manufacturers … Read more
Kia has ranked first among automotive brands operating in India in terms of overall customer experience, the South Korean company said on Tuesday, citing local industry data. Toyota and Tata Motors came in second and third, with 45.83 per cent and 44.35 per cent, respectively. According to Kia, the company ranked first, with a score … Read more
Finance Minister Nirmala Sitharaman on Monday informed that revenue from online gaming has increased 412 per cent, reaching Rs 6,909 crore in six months, from the increased levy on the sector. Addressing a press conference after the 54th GST Council meeting, the Finance Minister said revenues of casinos have "jumped by 30 per cent". "For … Read more
Retail inflation for industrial workers moderated to 2.15 per cent in the month of July, as compared to 7.54 per cent in the same month last year, according to the latest data released by the Labour Ministry on Monday. The year-on-year inflation for June 2024 was 3.67 per cent as compared to 5.57 per cent … Read more
Gold prices eased on Tuesday, pressured by a firmer dollar, while traders braced for key U.S. inflation figures that could offer hints about the size of the Federal Reserve's interest rate reduction next week. Spot gold dipped 0.1% to 2,503.09 per ounce, as of 0301 GMT. U.S. gold futures remained steady at $2,532.20. The dollar … Read more
The auto component sector is projected to reach the $100 billion export target by 2030, making the industry one of the largest job creators in the country, Union Minister of Commerce and Industry, Piyush Goyal, said on Monday. Addressing the 64th annual session of Automotive Component Manufacturers Association of India (ACMA) in the national capital, … Read more
Union Electronics and IT Minister Ashwini Vaishnaw on Monday announced that consumer electronics majors HP Inc and Padget Electronics have signed an MoU to manufacture HP laptops, personal computers, and All-in-One PCs at a factory in Tamil Nadu. Vaishnaw, who is also the Union Minister for Railways and I&B, told reporters here that this … Read more
Asian stocks reversed early losses to rise marginally on Tuesday following Wall Street's overnight rally, though concerns about a still-struggling Chinese economy kept sentiment in check. MSCI's broadest index of Asia-Pacific shares outside Japan was last up 0.2%, after falling 1.11% the previous session to hit a one-month low. Japan's Nikkei last traded 0.4% higher, … Read more
The dollar was steady in early trading on Tuesday, with the yen inching away from one-month highs as investors brace for U.S. inflation data and reassess expectations of a large interest rate cut from the Federal Reserve starting next week. A mixed labour report on Friday failed to make a clear-cut case on whether the … Read more
Oil was steady in early trade on Tuesday as investors weighed supply disruptions from Tropical Storm Francine and the potential for further output cuts against persistently weak Chinese demand. Brent crude futures rose 16 cents, or 0.22%, to $72.00 a barrel by 0004 GMT. U.S. West Texas Intermediate crude futures rose 12 cents, or 0.17%, … Read more