County Union Financial News

Tata Sons management last week took its entire board, including industrialists Venu Srinivasan and Ajay Piramal, to Hosur and Bangalore to familiarise them with the facilities at Tata Electronics that will likely be the primary chip-making vehicle at the Rs 23-lakh-crore conglomerate, which has earmarked about $90 billion of investments into its future growth drivers. Tata Electronics hosted the entire Tata Sons brass for its board meeting, where Chairman N Chandrasekaran discussed the future growth plans, top sources aware of the plant visits told ET. Barring Ralph Speth, other directors present were Harish Manwani, Leo Puri, Vijay Singh, Srinivasan, Bhaskar Bhat, Anita George, Saurabh Agarwal and Piramal. Tata Sons did not comment. Tata Electronics, though, is not expected to rush into the semiconductor business until the business is stabilised and will seek suitable alliances and partners, officials said. Earlier this week, Foxconn decided to end its deal with the Vedanta Group to make chips in India. In April, Tata Electronics appointed Randhir Thakur, former president of Intel Foundry Services, as its MD & CEO, underscoring the group's long-term semiconductor ambitions. For now, the plant is focused on manufacturing precision components. It makes components for iPhones and has tied up with Apple vendors to manufacture iPhone enclosures.

A contractual employee working with the Finance Ministry has been arrested for leaking confidential data. According to the police a case has been registered against the Ghaziabad resident for allegedly possessing and passing on official secrets to a contact in lieu of money. He was arrested around 7 pm on Monday following a tip off and has since been charged under the Official Secrets Act and the IT Act.

Credit information—a record of the loan repayments made by a borrower that is collected by credit information companies (CICs)— is a critical barometer to gauge an individual’s financial health and helps address the problem of asymmetric information between borrowers and lenders. Financial institutions check the credit history or financial behaviour of an individual before taking decisions relating to credit and loan agreements. CICs also offer value-added products like credit scores.

New Delhi:  The Central Bureau of Investigation (CBI) today said it arrested the Chairman and Managing Director (CMD) of Tirupati Infraprojects Pvt. Ltd, Jag Mohan Garg, in a bank fraud case amounting to  ₹289.15 crore to a consortium of banks, the agency said in a statement.   The Investigation agency registered a case on 25 May 2022 against the said private company, its CMD, Directors, Guarantors and public & private persons on a complaint filed by the consortium of banks led by Bank of India, Union Bank of India, Canara Bank, Bank of Baroda & UCO Bank.  The agency in the statement added that the consortium of said banks led by Bank of India had granted Term Loan of ₹300 crore to the borrower company between year 2009 and 2014 for construction of a Hotel in Paschim Vihar, New Delhi, alongwith commercial spaces.

Pakistan's official Twitter account in Gilgit-Baltistan and is showing the location of the region in the Union Territory of Jammu and Kashmir, Dawn reported. As per the Pakistan English-language newspaper, even after the users turn the location feature on the app, tweets sent from the region are marked as originating from J-K. The locals explicitly showed changes in Twitter location and blocked access to Pakistan Government's official account.

TORONTO (Reuters) — Talks in Pacific Canada between striking dock workers and their employers have resumed after four days away from the negotiation table, a statement on Saturday by the British Columbia Maritime Employers Association (BCMEA) showed.

Vande Bharat Express will be 'saffron' in colour, railway officials said on Saturday. The new saffron Vande Bharat Express is however not yet operational and is currently stationed at the Integral Coach Factory (ICF) in Chennai, where Vande Bharat trains are manufactured.

Alliance (NDA) led by Bhartiya Janata Party (BJP).  "Talks on alliance were going on for a long time...we had meetings with certain BJP leaders recently, and we're about to reach a decision soon...regarding this, there was also a meeting with all our party leaders and they're have said that whatever decision will be taken regarding alliance, it will be acceptable to them" Chirag Paswan told reporters.  Notably, Chirag Paswan dropped hints of joining the BJP-led NDA for which he had campaigned in the recent by-polls in Bihar. At a meeting of Lok Janshakti Party (Ram Vilas), a splinter group of the LJP floated by his late father Ram Vilas Paswan, Chirag was "authorised" to take a decision with regard to the party joining "any alliance".

Lok Janshakti Party (Ram Vilas) president Chirag Paswan joining the NDA, the latter on Sunday said that he will take a call regarding forming an alliance for the upcoming 2024 Lok Sabha elections after 2-3 more meetings with party leaders. After chairing a key meeting of national and state office bearers of the party at his residence in Bihar's Patna, Paswan, while talking to the media said that the leaders of his party have «authorised» him to take any decision regarding forming an alliance for the upcoming 2024 Lok Sabha elections.

Jio Financial Services Ltd (JFSL), parent company Reliance Industries today announced that Mukesh Ambani's daughter Isha Ambani would join the financial services arm as a non-executive director. The 31-year scion, married to businessman Anand Piramal of the Piramal Group, is already a part of the executive leadership team at Reliance Retail and had also played a pivotal role in conceptualising and launching Jio in 2016.

Jammu and Kashmir, veteran Congress leader Karan Singh said as he batted for early assembly elections in the Union Territory as well as reinstating its statehood. He also acknowledged that the law and order situation is «better» in Jammu and Kashmir, saying there has been a cessation of shutdown calls and «Hurriyat fatwas». But it cannot be claimed that there is «100 per cent complete control», Singh told PTI in an interview.

Jammu and Kashmir lieutenant governor Manoj Sinha said on Friday that the discriminatory politics and governance system was abolished in 2019 and the poor have the first right on the government's resources. Sinha said in a veiled reference to regional political parties that some people in J&K are pained by the decision of giving home and land to the homeless in the Union Territory, as they thought of themselves as owners of the government land and resources.

Nadine, a social robot powered by Artificial Intelligence (AI) with human-like gestures and expressions, could have an important future role to play in tending to the sick and elderly, according to a professor who helped invent it. Nadia Magnenat Thalmann, a robot expert from the University of Geneva, who served as the model for Nadine's dark brown eyes and auburn hair, said Nadine and robots like it could prove more effective than human carers. «She (Nadine) has time 24 hours a day.

London Deputy Mayor Rajesh Agrawal on Thursday said the capital of the United Kingdom can learn 'jan bhagidari' (people's participation) from Madhya Pradesh's Indore, which has been voted the cleanest city in India six times in a row in the Union government's 'Swachh Surverkshan' initiative. Talking to reporters here, Agrawal, who was born in Indore and moved to London nearly two decades ago, also stressed on the need to keep investing in transport infrastructure and encouraging people to used them instead of their own cars. «It was people's participation which helped Indore become the cleanest city in India.

Navy in Ladakh, Navy Chief Admiral R Hari Kumar on Thursday said the Navy presently has only seven people from Ladakh in its ranks at present but wants that it should at least 700 of them. The Indian Navy has started an outreach program in the Union Territory Ladakh to get more recruits from this area in the Indian Navy for which the Navy chief reached here after a 14-hour road drive. The Navy at present has only 7 members from Ladakh including 6 sailors & 1 officer.

New Delhi: The union ministry of new and renewable energy on Wednesday released the draft roadmap for research and development of green hydrogen manufacturing and storage. As per the draft roadmap, the plans to develop efficient, safe, and cost-effective hydrogen storage methods that enable high-density storage, reduce leakage, and allow for easy and quick refueling.

While some Canadians were lighting off fireworks and relaxing with friends over the Canada Day long weekend, longshoremen staffing some of the busiest ports in British Columbia were taking to the picket lines.

private equity firm Apax Partners, Shashank Singh, partner in the firm’s and its head of India office, has decided to leave the PE firm, sources aware of the development told ET. Singh will be moving permanently to London, the sources added.

Economic Survey 2022). This shows that the real issue is a demand-supply mismatch. One of the main reasons why healthcare has always been a longstanding issue is India’s lack of infrastructure capacity, both at the physical and human resource levels.

Sabarmati Riverfront has become the soul of social and cultural activities in Ahmedabad, Union Home Minister Amit Shah said on Sunday as he virtually launched the 'Akshar' cruise on the river that cuts through the city. Addressing a gathering through video conference, Shah lauded Prime Minister Narendra Modi, saying when the latter was the chief minister of Gujarat, he took many initiatives which helped in increasing the tourist footfall in the state. Shah said when he shifted to Ahmedabad in 1978, he never went to see the Sabarmati river until the riverfront was constructed. The river was then nothing more than a pit of dirty water, he recalled. «As the then Gujarat chief minister, Prime Minister Modi for first time imagined a riverfront and planned for it, and it was constructed during his duration (as CM). The riverfront became known not just in Ahmedabad but also across the country and abroad and became a centre of tourism,» Shah said. «It has become a centre of various activities. Walkers take a stroll in the morning, senior citizens in the evening, and children and youth play here. Today, the riverfront has become the soul of social and cultural activities on both sides (of the river) of Ahmedabad,» he said during the virtual inauguration.

As of 9 a.m. Saturday, more than 7,000 B.C.’s port workers are on strike.