India Financial News

India will soon start making equipment for semiconductor manufacturing, IT minister Ashwini Vaishnaw said on Saturday. “The entire semiconductor ecosystem of fabs, ATMP units, chemicals, gases, substrate, consumables and equipment for semiconductor manufacturing will be made in India,” he said. He was speaking at the inauguration of American chip equipment supplier Applied Materials’ India Validation Centre in Bengaluru which was set up at a cost of $20 million.

Maharashtra Deputy Chief Minister Devendra Fadnavis said on Saturday that the state is the engine of the country's economy and it has garnered more Foreign Direct Investment (FDI) than Gujarat, Karnataka or Uttar Pradesh. He was addressing a 'Viksit Bharat' (developed India) event at Pune's Bhandarkar Oriental Research Institute. Though late president Dr APJ Abdul Kalam envisaged the 'Viksit Bharat' concept, no work was done on it between 2000 and 2014, alleged Fadnavis. «The actual work started in 2014 and last year we made our mark in the world's top five economies. In the past many years, we witnessed corrupt practices and many scandals. Earlier, FDI inflow was low due to policy paralysis.

Lok Sabha elections 2024 fast approaching, Election Commissioner Arun Goel has resigned from his post, a government notification showed on Saturday, leaving Chief Election Commissioner alone in the saddle. Goel's resignation leaves a couple of vacancies in the poll panel. The Election Commission of India (ECI) has been a multi-member body since the 1990s and has conducted eight Lok Sabha elections in such a format.

WTC points table 2024: India decimated England on Saturday to clean up the hosts in just 3 days and win the final Test match by 64 runs and one inning. With the victory at Dharamshala, India clinched the India vs England Test series 2024 by 4-1, strengthening their position at the top of the World Test Championship points table. But, the second and third-ranked teams are also playing a Test series and fans are wondering if the results of the AUS vs NZ Test match will impact India's standing at the No.

India vs England 5th Test 2024: Team India skipper Rohit Sharma is known for his quirky jibes on the field. Like a leader, he uses both carrot and stick to discipline his players and also suggests ways to perform better on the ground. Young batter Sarfaraz Khan, who got his maiden call in the India vs England Test series 2024 must be thanking his stars as Rohit Sharma's 'hero nahi banne ka' advice during the Ranchi Test saved him from a serious injury on Saturday.

India and Bangladesh Saturday agreed to undertake joint efforts to «bring down to absolute minimum» the incidents of attack on BSF personnel by criminals from the neighbouring country along the 4,096-km-long International Border (IB) shared by them, an official statement said. The bi-annual Director General (DG) level talks between the Border Security Force (BSF) and Border Guard Bangladesh (BGB) ended in Dhaka with the signing of a joint record of discussions. The Indian delegation led by BSF DG Nitin Agrawal travelled to Bangladesh for the 54th edition of these talks held between March 5-9 at the BGB headquarters at Pilkhana in Dhaka. BGB DG Maj Gen Mohammad Ashrafuzzaman Siddiqui headed the Bangladeshi delegation.

Dharmendra Pradhan on Saturday launched 52 short textbooks in Indian non-scheduled languages, including tribal languages, for early childhood care and education, to provide young learners access to education in their mother tongue. «The 52 primers in Indian non-scheduled languages is going to be a transformational step for young learners, specially for early childhood care and education, providing them access to education in their mother tongue/local language. It will initiate an inspirational journey for young minds, paving the way for deeper understanding, lifelong learning, more familiarity and rooted beds in indigenous culture and greater success in academics and beyond,» he said. The primers — short books for introducing a subject to students — have been prepared by the NCERT in collaboration with the Central Institute of Indian Languages, Mysuru.

policy are all being given a certain push as research and development are happening in very big scale in India now because the environment is being made conducive for that purpose, Finance Minister Nirmala Sitharaman said on Saturday. «So, we are trying to make them (IPR laws) as a facilitator, booster, and not certainly a barrier in the process of R&D. We've taken quite a few steps and I singularly thank the prime minister for this particular policy, which after a lot of consultation has come up in 2016,» she said. The law is a balance of protection for those who innovate, and the commercial propositions with which patents can be of use for the society, she said at the book launch event of Justice Prathiba M Singh on Patent Law. Sharing details of the law, Sitharaman said, eight different items which have something to do with intellectual property have all been brought together under one umbrella.

Railway Minister Ashwini Vaishnaw recently inaugurated the carbody structure of the Vande Bharat sleeper transit, a new project by Indian Railways. The sleeper transit, currently under construction at BEML, aims to revolutionize overnight travel with enhanced passenger comfort. The first Vande Bharat sleeper trainset is expected to be completed in the coming months. BEML Begins Production of Vande Bharat Express Sleeper Prototype BEML, in Bengaluru, has commenced the production of the first Vande Bharat Express sleeper prototype, as reported by TOI in October 2023. The Vande Bharat sleeper train, a self-propelled train set, is designed to offer superior features compared to the existing Rajdhani Express trains, setting a new standard in overnight travel. Shantanu Roy, CMD of BEML Ltd, expressed delight in contributing to this milestone, emphasizing the focus on comfort and world-class facilities while reducing travel time.

ONGC's newly explored crude oil from KG basin deep-sea block was received at Mangalore Refinery and Petrochemicals Ltd (MRPL) on Saturday, the refinery said in a statement. The new crude oil from Krishna Godavari basin block KG-DWN-98/2 was brought to Mangalore by a ship named Swarna Sindhu, which was flagged off by Prime Minister Narendra Modi on March 2. «This sweet (low sulphur) indigenous crude is poised to be transformed into various fuels and petrochemicals at MRPL, Mangalore, contributing impactfully to the Athmanirbhar Bharath mission of the Government of India,» it said. Oil and Natural Gas Corporation's (ONGC) KG block KG-DWN-98/2, which started oil production in January, lies in Andhra offshore.

Navam Capital has announced the first close of Navam Venture Fund I with commitments totalling Rs 50 crore from family offices, corporates and ultra-high net worth individuals. “With a target fund size of Rs 250 crore, the fund aims to invest in intellectual property-rich ventures translating science and engineering breakthroughs into differentiated products and services,” Navam Capital said.

Galaxy F15 5G. Priced at ₹12,999 for the 4GB RAM/128GB storage variant and ₹14,999 for the 6GB RAM/128GB storage variant, the Galaxy F15 5G boasts a MediaTek Dimensity 6100+ processor and promises four years of OS updates. Featuring a 6.5-inch Full HD+ sAMOLED display with a 90Hz refresh rate, this budget smartphone offers a compelling visual experience.

₹2,000 crore. Competition in digital markets is regulated in India at present by the Competition Commission of India (CCI). The CCI has powers under the Competition Act, 2002 (Competition Act) to investigate and impose targeted remedies on digital platforms.

Mint analysis delves into historical data to find trends on how often the Oscars agree with the box office, and what pre-Oscars victories say about a film’s chances on Hollywood’s biggest night. The Academy of Motion Picture Arts and Sciences, which gives away the award, has never given the top recognition to the most popular film of the year at the box office in the 21st century so far, a Mint analysis reveals. Just three winners since 2000 featured among the top 10 grossers of their respective year.

humanitarian aid airdrop fell on a group of men, teenagers and young kids because of a failure in the opening of the parachute. The parcel, containing food and essential items, fell like a rocket on the roof of a house near the al-Shati refugee camp, an eyewitness told the Guardian. The refuge camp is said to be known as one of the worst affected parts of Gaza because of the Israeli-airstrike.

Miss world 2024: Mumbai is all set to host the 71st Miss World 2024 pageant, which will witness participation from beautiful contestants from 112 countries of the world. India, which is hosting the grand event after 28 years will be represented by 22-year-old Sini Shetty. Ahead of the 71st Miss World 2024 pageant, Sini Shetty expressed her excitement for the event and said representing 1.4 billion people is a huge responsibility.

Dividend Stocks: Shares of several companies, including IIFL Securities Ltd, SBI Life Insurance Company Ltd, among others will others will trade ex-dividend in the coming week, starting from Monday, March 11. Some other companies will also trade ex-bonus and ex-split in the coming week. The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout.

MLC election in Bihar and UP is scheduled for March 21 and the last date for filing the nomination is March 11. In Bihar, BJP has fielded Mangal Pandey, Dr. Lal Mohan Gupta, and Anamika Singh for the MLC election 2024 while in Uttar Pradesh, the saffron party is going with Vijay Bahadur Pathak, Mahendra Kumar Singh, Mohit Beniwal, Ashok Katariya, Dharmendra Singh, Ramtirath Singhal and Santosh Singh.

₹13 per litre and that on diesel has been reduced by 16% cumulatively in both the occasions. Due to these duty cuts, centre has forgone a revenue of about ₹2.2 trillion, he said. "Despite production cuts, the global crude oil prices have not increased.

ALSO READ: BCCI announces Test Cricket incentive of up to ₹45 lakh per match for India men after 4-1 win against England The conversation went viral and here's how it sounded. Bairstow - What did you say to Jimmy about getting tired and he got you out after that? Gill - So what, it was after my 100, how many have you got here? Sarfaraz - Thode se runs kya bana diya, jyada uchal raha hain (scored a few runs today and jumping too much). At Dharamsala on Saturday, India could add just 4 runs and were all out at 477 in response to England's 218.

Communist Party of India (CPI) general secretary D Raja on Saturday said a leader of Rahul Gandhi's stature should contest the upcoming Lok Sabha polls from a seat where he can directly challenge the ruling BJP, even as he said it is a political party's prerogative to decide who would it field from a seat. The remarks came a day after the Congress announced that Gandhi will contest the parliamentary polls, likely to be held in April-May, from Wayanad in Kerala, the seat he currently represents in the Lok Sabha. CPI's Annie Raja, wife of D Raja, has been fielded as the Left Democratic Front (LDF) candidate from Wayanad. Asked about the Congress's decision to field Gandhi from Wayanad, Raja said, «Within the LDF, the CPI has got four seats to contest and Wayanad is one of those, so we have announced our candidate. Secondly, it is the prerogative of any political party to choose its candidate from a constituency. In this case, it is the prerogative of the Congress.»