Lamor

India’s semiconductor market is set to cross $100 billion in revenues by 2030, driven by government initiatives like production-linked incentive (PLI) scheme amid robust demand to build digital infrastructure across industries, according to a report on Wednesday.  Mobile handset, IT and telecom segments are leading the semiconductor industry, contributing more than 75 per cent of … Read more

As Indian embarks on the journey to become a developed nation, the country needs to create 100 million jobs to meet the employment needs of the growing workforce, Tata Sons Chairman, N Chandrasekaran, has stressed.  The Tata Group has also doubled down on creating more manufacturing jobs in the country, as the whole ecosystem is … Read more

India has a key role to play in making technology available in the Global South and in leading the world in fulfilling the Sustainable Development Goal (SDG) to make digital connectivity affordable across the globe, Union Commerce and Industry, Piyush Goyal, said on Tuesday.  Speaking at the inauguration of the International Telecommunication Union’s (ITU) World … Read more

In a bid to showcase India’s attractiveness as an investment destination and boost bilateral trade ties, Union Finance Minister Nirmala Sitharaman is set to embark on an official visit to Mexico and the US, beginning October 16, it was announced on Tuesday.  During the first leg of her maiden visit to Mexico from October 17-20, … Read more

 The Indian rupee is expected to open largely unchanged on Wednesday, holding below the 84 handle amid risk-off sentiment and a slight pullback in the U.S. dollar. The 1-month non-deliverable forward indicated that the rupee will open at 84.04-84.05 to the U.S. dollar compared with 84.0375 in the previous session. The local currency on Tuesday … Read more

Gold prices inched higher on Wednesday, as U.S. Treasury yields eased, while market participants waited for more U.S. economic data to determine the number of interest rate cuts the Federal Reserve is likely to deliver in the near term. Spot gold rose 0.3% to $2,667.97 per ounce by 0217 GMT, $17 shy of a record … Read more

The Australian and New Zealand dollars slumped on Wednesday as scepticism grew about top trading partner China's stimulus, while the greenback hovered near two-month peaks versus major peers on wagers U.S. interest rate cuts will be gradual. New Zealand's currency was weighed down further by data showing cooling inflation, keeping the door open for aggressive … Read more

Asian equities fell on Wednesday after disappointing earnings from Europe's biggest tech firm ASML dragged chip stocks around the world, while expectations that the Federal Reserve will take a modest rate cut path propped up the dollar. Also weighing on the market was lacklustre earnings from French luxury giant LVMH that showed demand in China … Read more

Indian shares are likely to open little changed on Wednesday, as investors await fresh triggers amid continuing foreign outflows. The Gift Nifty was trading at 25,039, as of 8:12 a.m. IST, indicating that the benchmark Nifty 50 will open near Tuesday's closing levels of 25,057.35. The Nifty 50 and S&P BSE Sensex indexes slipped 0.3% … Read more

The Union government on Tuesday announced the establishment of three Centres of Excellence (CoE) for Artificial Intelligence (AI) in healthcare, agriculture, and sustainable cities.  The CoEs in AI, to be built with a total financial outlay of Rs. 990.00 Crore over the period of FY 2023-24 to FY 2027-28, is aimed to further boost the … Read more