Electronic Financial News
14.03 / 09:07
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CUET PG 2024 datesheet: Exam schedule for March 15 and later; Check details about time, centre, admit card here
Vedanta Political Science Rabindra Sangit Textile Engineering Agama Rigveda Vyakarana & Sabdabodha Systems L.L.M. Pottery & Ceramics Music- Percussion Assamese Bhutia Gujarati Kannada Kashmiri Khasi Korean Lepcha Limbu Odia Prakrit Urdu Journalism Indo-Tibetan Santali Italian Horticulture Material Science MPT/Master in Respiratory Theory (MRT) Psychology Water Engineering and Management Geophysics Hindi Medical Laboratory Technology Russian Dairy Technology Mathematics Ancient Indian History French Chemical Thermal & Polymer Engineering Agricultural Science Healthcare & Hospital Management Dance Linguistics Urdu Atmospheric Science B.Ed. Humanities and Social Sciences Life Science Baudha Darshan / Buddhist Studies Statistics Home Science-Food & Nutrition Philosophy Nano Science/Nano Technology Hindu Studies Data Science B.Ed.
14.03 / 08:37
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Aadhaar card update deadline extended: Modi govt gives new cutoff till 14 June – Here’s how to do it for free
The deadline for updating Aadhaar details for free has been extended by the Centre until June 14, 2024. Initially set for March 14, the Unique Identification Authority of India (UIDAI) announced on Tuesday that the free online document upload facility will now be available until June 14.
14.03 / 07:49
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Japan's Nikkei reverses course to end higher as chip stocks narrow losses
stocks narrowed early losses and energy shares gained. The Nikkei closed 0.29% higher at 38,807.38, after three straight sessions of losses. The index fell as much as 0.76% earlier in the session.
14.03 / 07:17
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A tale of two chip plants: Delayed in the US, on time in Japan
KIKUYO, Japan—It was a signature feat for the country that made industrial policy famous. In less than two years, an $8.6 billion semiconductor factory on a plot the size of 40 football fields sprang up amid the cabbage fields here. The Japanese government, eager to boost the country’s standing as a chip-making hub, provided more than $3 billion in subsidies for Taiwan Semiconductor Manufacturing and helped round up thousands of workers to construct the buildings.
13.03 / 17:07
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Micron
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Day not far when India becomes global semiconductor hub: PM Modi
semiconductor hub and will also raise the country’s profile in the global semiconductor value chain,” Prime Minister Narendra Modi on Wednesday said. Modi on Wednesday laid the foundation stone for India’s first pure-play commercial semiconductor chip manufacturing foundry by the Tata Group at Dholera in Gujarat.
13.03 / 16:39
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Chip plants to make India a hub, foster innovation: PM Modi
NEW DELHI : Prime Minister Narendra Modi laid the foundation stone for three semiconductor projects worth about ₹1.25 trillion on Wednesday, saying chip manufacturing will take India towards self-reliance and modernity. “India is set to become a prominent semiconductor manufacturing hub. The three facilities will drive economic growth and foster innovation," he said in a virtual address during the foundation ceremony.
13.03 / 13:41
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India’s first semiconductor fab to begin production in 2026
NEW DELHI : Tata Group aims to begin commercial production from India’s first semiconductor fabrication unit by 2026, an aggressive timeline considering the country’s long wait to become self-reliant in chips that power technology ranging from smartphones to defence systems. Tata Electronics Pvt. Ltd’s plant in Assam will begin with producing semiconductor chips starting at 28 nanometres, said N.
13.03 / 08:43
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BEL shares down 5.3% as Nifty drops
Bharat Electronics Ltd. traded 5.3 per cent down in Wednesday's trade at 01:50PM (IST). Around 2,065,117 shares changed hands on the counter. The stock opened at Rs 204.25 and touched an intraday high and low of Rs 205.65 and Rs 192.2, respectively, in the session so far. Shares of the company of Bharat Electronics Ltd. quoted a 52-week high of Rs 216.7 and a 52-week low of Rs 89.68.
13.03 / 07:35
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Matrix
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India's $10-trillion economy goal to be led by manufacturing push
BENGALURU : India's aim to grow into a $10-trillion economy over the next decade will be fuelled by manufacturing in sunrise sectors such as semiconductors, electronics manufacturing, electric vehicles ecosystem, renewable energy and defence, according to a report by Boston Consulting Group and Matrix Partners. The report estimates that the market for electronics is about $500 billion while semiconductors will become a $120-billion market by 2030.
13.03 / 07:35
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Dholera, Sanand semiconductor plants to start chip production by late 2024, 2026: Ashwini Vaishnaw
Vedanta-Foxconn joint venture, is expected to have an investment of around $20 billion. In a significant boost to India's efforts to establish a robust semiconductor ecosystem, Prime Minister Narendra Modi on Wednesday laid the foundation stones for three new chip manufacturing plants, two in Gujarat and one in Assam. The event, titled 'India's Techade: Chips for Viksit Bharat,' marked a milestone in the country's endeavour to ramp up its semiconductor industry.
13.03 / 07:09
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Mission Divyastra: Who is Sheena Rani, the DRDO scientist behind Agni-5 missile test?
Narendra Modi and Defence Minister Rajnath Singh congratulated the DRDO scientists for the successful test. “Proud of our DRDO scientists for Mission Divyastra, the first flight test of indigenously developed Agni-5 missile with Multiple Independently Targetable Re-entry Vehicle (MIRV) technology," PM Modi said. Several female scientists including one from the Defence Research and Development Organisation (DRDO).
13.03 / 05:47
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PM Modi lays foundation stone of India's first commercial semiconductor fabrication facility
Modi laid the foundation stone of the chip fabrication unit of Tata-Powerchip Semiconductor Manufacturing Corp at Dholera on March 13. He also inauguated the CG Power-Renesas outsourced assembly and test (OSAT) facility at Sanand (Gujarat) and the Tata OSAT unit at Morigaon (Assam). All three units were inaugurated virtually. On the occasion, the Prime Minister also addressed the youth across the country on the occasion. This is a historic day for India, the PM said, calling it a significant achievement and a first step towards a brighter future. The three projects had received Cabinet nod on February 29 this year.
13.03 / 02:21
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The IRS launches Direct File, a pilot program for free online tax filing available in 12 states
After weeks of testing, an electronic system for filing returns directly to the IRS is now available for taxpayers from 12 selected states
13.03 / 02:07
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PM Modi schedule today: From Techade address to foundation stone of 3 semiconductor projects | 10 points to know
semiconductor projects worth ₹1.25 lakh crore via video conferencing today, Wednesday. He will also address the youth across the country on the occasion. Here are top 10 updates on PM Modi's scheduled events today, 1) In an official statement, the Prime Minister's Office (PMO) said Modi will lay the foundation for semiconductor projects in the Dholera Special Investment Region, Sanand in Gujarat, and Morigaon in Assam.
13.03 / 01:09
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NHAI revises list of FASTag issuers, removes Paytm Payments Bank. Check theFull List of Authorised Banks
HDFC Bank, ICICI Bank, IDFC First Bank, IndusInd Bank, Kotak Mahindra Bank, Punjab National Bank, State Bank of India, and Yes Bank. Other banks and NBFCs that have been authorized to issue FASTags are Allahabad Bank, AU Small Finance Bank, Bank of Maharashtra, Central Bank of India, City Union Bank Ltd, Cosmos Bank, Dombivli Nagari Sahakari Bank, Equitas Small Finance Bank, Federal Bank, Fino Payment Bank, Indian Bank, Indian Overseas Bank, J&K Bank, Karnataka Bank, Karur Vysya Bank, LivQuik Technology Pvt Ltd, Nagpur Nagarik Sahakari Bank Ltd, Punjab Maharashtra Bank, Saraswat Bank, South Indian Bank, Syndicate Bank, The Jalgaon People's Co-op Bank, Thrissur District Cooperative Bank, and UCO Bank.
13.03 / 00:49
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First chip from Dholera plant by 2026 end: PSMC chairman Frank Huang
semiconductor chip from the new plant being set up by the Tata Group and Taiwan’s Powerchip Semiconductor Manufacturing Corporation (PSMC) in Gujarat’s Dholera, will be ready to roll out by the end of 2026, according to Frank Huang, chairman of PSMC. Speaking exclusively to ET ahead of the ground-breaking ceremony for the $11 billion project that is scheduled for Wednesday, Huang said the contours of the JV with the Tatas are yet to be finalised. “At the moment we have decided to work out the technology transfer. Later we can talk about investment,” the 74-year-old said. PSMC is a maker of memory chips that also provides foundry services to its customers.
12.03 / 19:01
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Matrix
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B2B, manufacturing tech drove IPO market in past five years: report
B2B) and manufacturing technology sectors constituted 56% of the new listings on the mainboard over the last five years, Boston Consulting Group and venture capital firm Matrix Partners said in a joint report. According to the latest ‘Digitizing Make in India’ report, within the B2B space, there had been 11 initial public offerings in the past five years in the specialty chemical industry, featuring companies such as Chemplast and Senmar.
12.03 / 19:01
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Tejas fighter crashes after Pokhran show
Tejas fighter crashed on Tuesday, the first such incident reported from this fleet in over seven years of its operation. The jet was heading back after a firepower display at the Pokhran ranges that was witnessed by Prime Minister Narendra Modi, when it crashed. The pilot managed to eject to safety and the plane crashed into civilian structures on the ground, but no injuries have been reported. It is learnt that prior to the crash, the pilot indicated an engine failure in a distress message. Videos shot by bystanders showed the pilot ejecting from the fighter jet, which is seen veering towards the ground at slow speed.
12.03 / 19:01
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India can play a key role in building hardy supply chain, says Qualcomm CEO Cristiano Amon
India can play a key role in building a resilient global electronics supply chain, said Cristiano Amon, chief executive of US chip giant Qualcomm Inc. In an interview with ET's Romit Guha and Himanshi Lohchab, Amon said the country has an opportunity to create large companies that serve both the domestic and global markets in areas such as semiconductor packaging and manufacturing. Edited excerpts: What are the opportunities for Qualcomm in India? There's an incredible opportunity with the transition to 5G. But it's not only 5G, but also the incredible opportunity that is developing with Gen AI and the opportunity to do Gen AI at the edge, not only at data centres, but across many different industries. What's Qualcomm's investment plan for India? India is our largest R&D site outside San Diego. We have a presence in a number of sites — from Hyderabad, Bengaluru, Chennai and Noida. The majority of our chips are designed in India, both hardware and software. With the world looking for alternatives to make the overall electronic supply chain more resilient, we see that India has an important role to play, an opportunity to create over time, very large Indian companies serving not only the Indian market, but also global, whether it's smartphone industrial modules, whether it's semiconductor packaging, and eventually semiconductor manufacturing.
12.03 / 19:01
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PM Modi to lay foundation stone for Rs 91,000 crore Tata-PSMC chip plant
Narendra Modi will on Wednesday lay the foundation stone of the Tata-Powerchip Semiconductor Manufacturing Corp chip fabrication unit at Dholera and the CG Power-Renesas outsourced assembly and test (OSAT) facility at Sanand in Gujarat as well as the Tata OSAT unit at Morigaon in Assam. He will inaugurate all three units virtually, an official release from the government said. “13th March 2024 — a special day in India's efforts to become a hub for semiconductors. Tomorrow, will take part in the ‘India’s Techade: Chips for Viksit Bharat’ programme and lay the foundation stones for three semiconductor facilities worth over Rs. 1.25 lakh crore. Among the highlights of the programme will be the participation of students from over 60,000 institutions,” Modi posted on the micro-blogging site X.
12.03 / 18:32
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Best 55-inch TVs
Additionally, the larger screen size allows for a more comprehensive sound system, creating a home theater setup that rivals the audio quality of a cinema. Whether you're binge-watching your favorite series or enjoying the latest blockbuster, a 55-inch TV can elevate your home entertainment to new heights.
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