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Mint in an interview. Also read | Zetwerk charts ₹1,000 crore game plan for electronics manufacturing “In the next two quarters, MoUs (memorandums of understanding) with global firms from Korea, Japan and Taiwan will be signed, through which we will get into new sectors of automotive and defence electronics. In the next financial year, we’re looking at making servers locally and we will also expand our laptop manufacturing capacities.

₹1.52 trillion ($18.1 billion) under his watch. Going forward, a number of key announcements from the proposals on India’s table are further expected, as a three-day inaugural edition of ‘Semicon India’ gets underway in Uttar Pradesh’s Greater Noida. Ajit Manocha, president and chief executive of US-headquartered global industry body, Semiconductor Equipment and Materials International (Semi), added that the conference is expected to host “over 250 companies from the entire semiconductor ecosystem, from 24 different nations".

BCG index). India, on its part, has a relatively inexpensive but strong talent pool in software engineering, industrial equipment and IC design, and is home to over 2,000 semiconductor design engineers.

Wall Street's staunchest supporters, with hopes for a turnaround fading in the world's No. 2 economy. Over the past two weeks, long-standing China bulls UBS Global Wealth Management, Nomura Holdings Inc., and JPMorgan Chase & Co. have all downgraded the country's equities, citing concerns ranging from the property-led demand slump to piecemeal stimulus measures and geopolitical tensions ahead of the US elections.

Asian stocks slipped on Monday after US jobs data added to concerns that the Federal Reserve may have waited too long to cut interest rates. Equities in Australia, Japan and South Korea racked up losses in early trading, while US futures were little changed. The dollar was steady against peers, with traders split on the size of the Fed’s easing next week. Iron ore fell below $90 a ton for the first time since late 2022.

Over the past two weeks, long-standing China bulls UBS Global Wealth Management, Nomura Holdings Inc., and JPMorgan Chase & Co. have all downgraded the country’s equities, citing concerns ranging from the property-led demand slump to piecemeal stimulus measures and geopolitical tensions ahead of the US elections.

traders cut bets ahead of the crucial US jobs data scheduled to be released after trading hours in Mumbai. Speculation that foreign funds were selling ahead of the deadline to comply with the ultimate beneficial ownership norms on Friday also dented sentiment. The regulations require overseas investment vehicles to provide granular details of all entities holding any ownership, economic interest, or exercising control, failing which they must liquidate their domestic holdings.

European Union's climate change monitoring service said on Friday, as global warming continues to intensify. The boreal summer of June to August this year blew past last summer to become the world's warmest, the Copernicus Climate Change Service (C3S) said in a monthly bulletin. The exceptional heat increases the likelihood that 2024 will outrank 2023 as the planet's warmest on record.

Well-heeled Chinese are moving to Japan in droves, buying up homes and harboring hopes for opportunities

Vedanta Limited on Wednesday said its display glass business is expected to grow 10-fold, following the consolidation of its holding in AvanStrate Inc. Vedanta Ltd, in May this year, announced the acquisition of an additional 46.57 per cent stake in AvanStrate Inc, taking its total holding in the Japanese display glass manufacturer to about 98 per cent. ASI is now fully managed and controlled by Vedanta Limited and free from any external debt, according to a release. «Vedanta Limited announced that the display glass business is set to grow 10x after consolidating its holding in AvanStrate Inc. (ASI), a Japanese display glass manufacturer, to 98 per cent, following the acquisition of 46.57 per cent equity from Hoya Corporation,» the release said.

Global stocks are tumbling after Wall Street had its worst day since early August, as a week full of economic updates got off to a weak start

New York secretly assisted the Chinese government in gaining access to an official call regarding COVID-19 while living a lavish lifestyle as an undercover agent for Beijing. Linda Sun worked her way up to become the governor's deputy chief of staff over a roughly 14-year tenure. Federal prosecutors, however, claim that the 41-year-old secretly shared internal documents with Beijing and prevented Taiwanese diplomats from contacting the state government to help Chinese officials. China is said to have lavished Ms. Sun and her husband, Christopher Hu, with millions of dollars in kickbacks in exchange, enabling them to purchase a $4.1 million (£3.1 million) New York home and other benefits like personalized home delivery of salted duck. Also Read: Nightbitch: Check out new trailer, release date, plot and production team

Taiwan and Mongolia, to China's top annual security forum in mid-September, a U.S. official told Reuters. The choice of Chase has not been previously reported. He is more senior than the U.S. officer who attended the Xiangshan Forum last year, a sign that the U.S. military is hoping for deeper working-level engagement with China amid regional disputes and increased deployments across East Asia. More than 90 countries and international organisations plan to send delegations to the Sept. 12-14 forum in Beijing, Chinese state media reported Wednesday.

NRI) who has filed an income tax return (ITR) while claiming relief for income tax and double taxation, it's important to follow additional procedures. Failure to do so could lead to rejection of your claim by the tax department. If your claim for double taxation relief is rejected, you'll be impacted in two ways. First, you'll have to pay income tax according to the laws of the foreign country where you're a resident. Second, you'll also have to pay income tax in India. To save NRIs from this trouble, the Indian government has signed a Double Tax Avoidance Agreement (DTAA) with more than 90 countries including USA, the UK, Korea and Taiwan.

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For decades, climate scientists have been warning governments—and society at large—about the impact of climate change, especially the increased frequency and intensity of a range of nature-related disasters. Today, we are witnessing these unfold as news media headlines scream, almost on a daily basis, about how climate change has exacerbated disasters.

IIT Bombay has completed final placements with an average annual package of Rs 23.5 lakh, a 7.8% jump from last year’s average of Rs 21.8 lakh but fewer students compared to last year have landed jobs during the process, a report released by the institute has revealed. In one of the most challenging years for placements to date, about 74.5% of the 1979 students who actively participated in the campus drive have got jobs, with 1475 job offers accepted. This is compared to about 82% last year when 1845 students actively participated and 1516 job offers were accepted. This is despite 364 companies making offers, compared to 324 last year. Seventy-eight international offers were accepted in both Phases of the IIT Bombay placements 2023 — 24, while 22 offers of above Rs 1 crore per year were accepted during this drive, according to data from the institute. Around 206 students received salaries of less than Rs 10 lakh.

Asia’s latest factory activity data showed some loss of momentum midway through the third quarter, but a broad continuation of growth in output and orders. Views among manufacturers on the sector’s outlook were mixed amid uneven price and demand developments through the region, though many were cautiously upbeat. S&P Global’s manufacturing purchasing managers index readings for Japan and South Korea signaled improvement in August, while those for India, Thailand, Taiwan and Malaysia indicated expansions in manufacturing, though at a slower pace.

Nilesh Shah, MD, Kotak AMC, says investors can’t go to Russia because of Ukraine; to China because of Taiwan; to South Africa because of social strife, or to Brazil because of the communist government. In the emerging market, there are very limited choices and India is one bright option. So with Triveni Sangam of flows, fundamentals, and sentiment, the downside is limited but expect volatility over the next 3, 6, 9, and 12 months. Shah also says this is the time when you should be long duration because rates are going to be cut. You should be long gold because central banks are buying gold. And you should be neutral weight to equity with some bias towards large caps. Sensex and Nifty are once again hitting record highs every day, even when there are worries about not-so-great Q1 earnings. Where do you think we are headed? Nilesh Shah: If we take a 5-year, 10-year view, no doubt the only direction is up. The economy will do well and markets will do well. If you are taking a 3, 6, 9, or 12-month view, I have no idea where we are headed. On one side, we believe the correction in the market will be shallow and short-term because there is Triveni Sangam of fundamentals, flows, and sentiment.

Taipei [Taiwan], September 2 (ANI): Taiwan's Ministry of National Defence (MND) has said that 18 Chinese military aircraft, eight naval vessels and two official ships were detected operating around Taiwan from 6 am (local time) on Sunday to 6 am (local time) on Monday. Among them, 15 of the People's Liberation Army's (PLA) aircraft crossed the median line of the Taiwan Strait and entered Taiwan's northern, southwestern, and eastern Air Defence Identification Zone (ADIZ). In response to Chinese incursions, Taiwan mobilised its aircraft and naval vessels while deploying coastal-based missile systems to closely monitor the situation and deter any potential threats.

Taiwan President Lai Ching-te said in an interview with Taiwanese media. China views democratically governed Taiwan as its own territory and has never renounced the use of force to bring the island under its control. Taiwan's government rejects those claims, saying only the island's people can decide their future. Speaking in an interview with a Taiwanese television station broadcast late on Sunday, Lai, who China calls a «separatist», brought up the 1858 Treaty of Aigun in which China signed over a vast tract of land in what is now Russia's far east to the Russian empire, forming much of the present day border along the Amur River.