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Subscribe to enjoy similar stories. NEW DELHI: Two homegrown firms, including a Tata Group company, along with a US chip design major, have bagged a ₹4,500 crore project to enable India’s sole semiconductor fabrication plant, Semi-Conductor Laboratory (SCL) in Mohali, to make more modern industrial chips used in critical sectors like power and energy. On Thursday, Tata Semiconductor Manufacturing Pvt.

Subscribe to enjoy similar stories. MUMBAI : Come January 2026, when the Association of Mutual Funds in India (Amfi) redraws the market capitalization map, new guards will steal the spotlight, and established titans might lose their crowns. The immediate surge will come from newly listed entities projected to leap straight into the large-cap league.

Subscribe to enjoy similar stories. MUMBAI: The Reserve Bank of India (RBI) has issued guidelines for how banks can offer services through digital channels, following industry feedback on the draft guidelines issued in July. Coming into force on 1 January 2026, these rules tighten approvals for banks, raise compliance and customer-protection requirements, and strengthen disclosure and grievance-redressal standards.

Subscribe to enjoy similar stories. Apple is widely expected to launch a foldable iPhone next year. But it faces stiff competition in the world of flexible smartphones, as Samsung Electronics is bringing its own triple-folding device to the U.S.

Is silver set to emerge from the shadow of gold as a precious metal? Although its price fell about 2% on Tuesday, it has been enjoying a bull run that makes this dip seem more like a pause for breath than the start of a correction. Longer trends underline this bullish sentiment. It has almost doubled this year, outpacing gold’s 60%-odd rise.

reciprocal tariffs by the US on other competing nations raises the possibility of increased dumping by those nations in India, as well as in other export markets, which could negatively impact certain sectors, CareEdge Ratings said in a report. According to the report ' Sectoral Impact of US Reciprocal Tariff: Neutral to Negative, ' the expected direct impact of US reciprocal tariffs would vary, with no impact expected on pharmaceuticals since they are exempt from reciprocal tariffs for now. According to the rating agency, the impact is expected to be largely neutral for electronics, textiles, agricultural products, chemicals, and automobiles and parts. At the same time, it would be negative for gems and jewellery. During 2023-24, India's aggregate merchandise exports to the US stood at USD 77.5 billion compared to its imports from the US at USD 42.2 billion. Out of India's total exports to the US, the sectors in descending order of value are electronics, textiles, pharmaceuticals, gems and jewellery, agricultural products, chemicals and automobiles and parts.

Subscribe to enjoy similar stories. New Delhi: In the immediate aftermath of the new US tariffs, India’s response has been twofold: to seek new opportunities in the changing world order, and re-evaluate its manufacturing strategy.

Subscribe to enjoy similar stories. NEW DELHI : As the US recalibrates its reciprocal tariff policy following a data miscalculation, India will now face an additional 26% tariff across a range of commodities starting 9 April. This marks a slight downward revision from the 27% hike announced on 2 April after the US administration corrected its trade deficit computations.

artificial intelligence infrastructure in the country, likely undermining a key goal of the administration, analysts said on Thursday. Trump and technology executives have touted lofty plans by Oracle, SoftBank and others to invest heavily in artificial intelligence since his return to the White House earlier this year. On Wednesday, Trump slapped steep duties on leading technology equipment suppliers including 34% on China, 32% on Taiwan and 25% on South Korea while imposing a 10% baseline tariff on all imports to the U.S.

Subscribe to enjoy similar stories. Since President Trump announced sweeping tariffs on imported goods Wednesday, Americans have been busy “adding to cart." Cedar Roach promptly checked out on $244 of workout sets from Lululemon (a Canadian brand) and a $150 sweater from House of Sunny (a U.K. brand) while Trump’s press conference played over the radio.

Niti Aayog chief executive Amitabh Kant said, adding that the country must avoid becoming a mere imitator of Western countries or any other nation. “Doing more for less is critical and this is what startups can do. Open-source will be the way forward.We must build sovereign frontier models based on our own datasets and not have inherent biases towards the West,” he said. Speaking at Startup Mahakumbh, an event being organised by Department for Promotion of Industry and Internal Trade (DPIIT), Kant encouraged Indian startups to get into deeptech sectors such as artificial intelligence (AI), space geostational maps, drones and sunrise areas of growth such as EVs, and electronic manufacturing.

Donald Trump lambasted globalization as a raw deal for the United States that has devastated US manufacturing towns. Trump left out the upside to the United States from the liberal flow of goods: a reliable supply of affordably priced appliances, clothing and electronics whose consumption has helped lift US economic growth above other developed economies in recent years. «Obviously we've benefited significantly,» said Paul Gruenwald, global chief economist at S&P Global Ratings. «We get to consume a lot of things that are produced more efficiently in other countries.» Trump's tariffs are almost certain to negatively impact this dynamic, say economists who see the levies lifting the price on everything from Gap t-shirts to the Apple iPhone to French wine. «This is very clearly going to raise consumer prices,» Michael Pearce, a US economist with Oxford Economics, said of the barrage of levies announced late Wednesday in an unveiling the White House billed as «liberation day.»

gems and jewellery industry, one of the country’s top export earners and a major source of employment, is staring at job losses after US President Donald Trump announced a 26% tariff on imports from India. The US is the sector’s largest market, and with demand expected to fall sharply, exporters fear that the move will put thousands of livelihoods at risk. In the last financial year (FY24), India exported about $33 billion worth of gems and jewellery, of which nearly $10 billion went to the US, according to official data. The new tariff would raise the current US import duty from around 6% to about 34%, making Indian products significantly more expensive for American buyers, said industry players. The Indian gems and jewellery sector is the country’s third-largest export to the US, after engineering and electronic goods. It employs millions of people, many of whom are involved in labour-intensive work such as diamond cutting, polishing, and jewellery crafting. India is also the global leader in diamond processing, handling about 90% of all cut and polished diamonds in the world.

Subscribe to enjoy similar stories. New Delhi: Lava, the homegrown smartphone and accessories brand, is in talks with investors to raise up to ₹500 crore ($58 million) in the coming months before pursuing a public listing, a senior company executive said, as the company looks to ramp up its presence in the country. Sunil Raina, executive director at Lava International, did not disclose the valuation for its current funding effort but referred to an earlier attempt.

Subscribe to enjoy similar stories. New Delhi: US President Donald Trump’s tariff thunderbolt sent shockwaves across world capitals on Thursday, turning the clock back on globalization and raising fears of a tariff war.

Rajshree Sugars & Chemicals Ltd.(up 6.72%), Kothari Sugars & Chemicals Ltd.(up 3.49%), Rana Sugars Ltd.(up 2.98%), Sakthi Sugars Ltd.(up 2.94%), Bannari Amman Sugars Ltd.(up 2.91%), KCP Sugar & Industries Corporation Ltd.(up 2.47%), Vishwaraj Sugar Industries Ltd.(up 2.36%), Balrampur Chini Mills Ltd.(up 2.28%), Dalmia Bharat Sugar and Industries Ltd.(up 2.16%) and EID Parry(India)Ltd.(up 1.92%) stood among the top gainers.

Subscribe to enjoy similar stories. New Delhi: The reciprocal tariffs imposed by US President Donald Trump will disrupt Indian exports in key sectors like engineering and electronic goods, potentially reshaping supply chains and cutting export revenue as businesses brace for the impact.

IPOs. Recently, a flurry of companies, 14 to be precise, filed their draft prospectus letters with capital markets regulator Sebi, indicating their interest to tap the public market. There are also reports that indicate Korean electronics giant LG's India IPO will hit the market as early as this month, ending a lull of nearly 2 months now. It should be noted that the IPO market has been very dull this year due to the correction in the secondary market.

As per India Cellular and Electronics Association (ICEA), India has emerged favourably placed in the first round of reciprocal tariff announcements, especially compared to key electronics export competitors like China, Vietnam, Thailand, and Indonesia following the extraordinary and relentless efforts by our negotiators and leaders. Read More:Trump's 26% tariffs put pressure on India. Is New Delhi ready for the impact?

Subscribe to enjoy similar stories. Plans to upgrade India’s lone state-owned chip fabrication unit have picked up pace, with the Centre meeting 35 companies last month in a bid to evaluate their roles in a potential deal that is worth ₹4,000 crore.

Skrillex has thrilled the audience with another long-lasting announcement by scheduling a five-hour performance at Red Rocks Amphitheatre in Colorado that will take place on May 13. The performance received profound excitement as Skrillex released his album.