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Green Hydrogen Certification Scheme of India. The Bureau of Energy Efficiency would be the nodal authority to accredit agencies for monitoring, verifying and certifying green hydrogen projects, as per the draft. The ministry is seeking suggestions from stakeholders by September 27. The scheme will be able to provide clear guidelines for calculating greenhouse gas emission intensity during production of green hydrogen and establish the certification procedure as a guarantee of origin, it said.

₹25,000-crore Maritime Development Fund this month for providing long-term and low-cost financial support for indigenous ship-building and other blue water infrastructure projects, two persons in the know of the mater said. According to them, the new fund will take a corporate structure with the government holding a minority shareholding of at least 26% and the majority shareholding offered to multilateral financial institutions and global funds, among others.

semiconductor manufacturing destination, a top Electronics and IT ministry official said on Sunday. In an interview with PTI, Ministry of Electronics and IT Secretary S Krishnan said pilot facilities of US storage semiconductor maker Micron and Tata Electronics have already rolled out chips, and their main plants in Gujarat will begin to produce made-in-India chips from the later part of 2025. «Globally, and thanks to geopolitical circumstances, there is an increasing realisation that semiconductors are a very important and strategic commodity, and therefore, we need substantial resilience in the production of semiconductors,» Krishnan said. The importance of resilience in semiconductors was underlined during the pandemic when many industries — including the auto industries, medical devices industries and other electronics, and consumer electronics industries — suffered because they did not have access to chips, which led to a belief that there should be greater diversification, especially for sourcing of semiconductors, he added.

cost of electric vehicles, will be issued by the ministry of heavy industries, the nodal ministry for the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme. These certificates will feature the Government of India’s logo, the subsidy amount, and a QR code linking to information about the FAME scheme and the customer's role in reducing the country's carbon emissions, two people with direct knowledge of the plans told Mint on condition of anonymity. “Many customers don’t realize how much of the discount (on their EV purchase) comes directly from the government," one of the persons cited above said.

TeamLease Services. Among the others, 17% will trim their employee count while 21% will keep it unchanged in the six months through September, the staffing firm said in a report. It noted a 5.62% net employment growth in these sectors. Among locations, Delhi led at 57% for employers expanding their workforce in existing job locations, followed closely by Bengaluru and Chennai at 53% each. Hyderabad and Bhopal topped the hiring list for new job locations with 20% each, followed by Bengaluru, Vadodara, and Jaipur at 19% each, TeamLease said.

Renewable Energy (MNRE) on Saturday notified draft norms for an approved list of models and manufacturers (ALMM) for solar cells, which is proposed to be effective from April 2026, similar to that for modules which has worked like a non-tariff barrier for domestic manufacturing. The list for solar modules comprises models and manufacturers that project developers can buy equipment from. With installed capacity of solar photovoltaic (PV) cells in the country expected to increase substantially in the next two years, the government proposes to issue solar PV cells under ALMM from April 2026, according to the draft.

loan fraud case against an insolvent automotive equipment manufacturing company, the ED said Saturday. The action comes after the federal agency arrested Amtek Group promoter Arvind Dham in July. The company is under liquidation. The Enforcement Directorate (ED) booked a case against the company and its promoters under various sections of the Prevention of Money Laundering Act (PMLA), taking cognisance of a CBI FIR and a direction issued to it by the Supreme Court in February to probe the case. The IDBI Bank and the Bank of Maharashtra had filed a CBI complaint against the accused for «illegally diverting» bank loans and causing loss to these lenders, the ED said in a statement. The bank «fraud» is estimated to be about Rs 27,000 crore.

Narendra Modi accompanied by his Singapore counterpart Lawrence Wong on Thursday visited a leading Singaporean semiconductor company and also signed an MoU on India-Singapore Semiconductor Ecosystem Partnership. Around the same time Maharashtra cabinet panel approved a $10-billion (₹83,947 crore) investment proposal by a joint venture between Israel's Tower Semiconductor and Adani Group to set up a semiconductor chip manufacturing unit at Taloja. A few days earlier, the Union Cabinet had approved setting up of an Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat by Kaynes Semicon with a Rs. 3,307 crore investment. The capacity of this unit will be 63 lakh chips per day. Now, ET has reported that the Indian Semiconductor Mission (ISM) is likely to receive a second budgetary allocation of up to $ 10 billion ISM, a division within the Digital India Corporation tasked with furthering the country’s semiconductor manufacturing, packaging, and design capabilities was first established in 2022 with a budgetary allocation of $10 billion. The government will have to seek fresh funding under the ISM as it has almost exhausted the funds in the first phase which saw approvals of $11 billion, an official has told ET. Before nod to Kaynes and Tower-Adani plants, India had approved five chip plants: two by the Tata Group in Assam and Gujarat; and one each by Micron and CG Power in Gujarat and by RRP Electronics in Maharashtra.

Tim Cook can be heard saying, “The popular conception is that companies come to China because of low labor costs. I'm not sure what part of China they go to, but the truth is China stopped being the low labor costs country many years ago,"."The reason is because of the skill, the quantity of skill in one location, and the type of skill it is.

iPhone 15 Pro Max by ditching the 128GB variant of the smartphone and instead starting with a 256GB one. Notably, the iPhone 15 Pro Max started with a base storage of 256GB and came at the same price as its predecessor for the 256GB variant.The Trendforce report suggests that while the price of the iPhone 16 Pro could increase on paper, this could be mitigated for users by the addition of a premium tetraprism periscope lens and 256GB of base storage.Moreover, Apple's choice of 256GB base storage for the iPhone 16 Pro could have a major impact on next year's iPhone line-up.

Semiconductor Mission is likely to receive a second budgetary allocation of up to $ 10 billion, a senior official said. The mission may require this funding if the Centre approves a mega chip fabrication unit by Israeli firm Tower Semiconductor and the Adani Group along with a host of other proposals which are being currently evaluated, top officials aware said. The government will have to seek fresh funding under the ISM as it has almost exhausted the funds in the first phase which saw approvals of $11 billion, they added. This includes the chip fabrication unit announced by the Tata Group as well as four other proposals for chip assembly.

Peak XV Partners, formerly Sequoia Capital India and SEA, on Friday, divested a little over 22 per cent stake in Indigo Paints to investors like Morgan Stanley, Mercer and HDFC MF for Rs 1,557 crore via open market transactions. Venture capital firm Peak XV Partners through its two affiliates, Peak XV Partners Investments IV and Peak XV Partners Investments V, offloaded a total of 1.05 crore shares, amounting to a 22.04 per cent stake in Pune-headquartered Indigo Paints, as per the bulk deal data on the NSE.

SlateStone Wealth chief market strategist Kenny Polcari reacts to August’s unemployment rate during an appearance on ‘Varney & Co.’

LL Flooring, the hardwood flooring retailer formerly known as Lumber Liquidators, is going out of business

manufacturing facility being set up in Kakinada, Andhra Pradesh, a top official of the Belgium-headquartered engineering company said. It aims to be the lowest cost manufacturer of electrolysers and plans to use the India plant an export hub, Francois Michel, chief executive of John Cockerill Group, said. The company also plans to expand its operations into steel, energy and defence, and triple its workforce in two years, he said.

The Dutch government is expanding export restrictions on machines that make advanced processor chips that can be used in weapons systems

Labour productivity at Canadian businesses fell by 0.2 per cent during the second quarter of 2024, with 11 of the 16 main industries recording declines, Statistics Canada said on Thursday.

benchmark anchored around 6.85%, as market attention shifts to U.S. economic data expected to influence potential rate cuts. The benchmark 10-year yield ended at 6.8542%, compared with its previous close of 6.8554%. The yield had ended at 6.8647% last Friday and has stayed in 5 basis points range in three weeks.

Royal Bank of Canada’s former chief financial officer, fired over allegations she had an undisclosed personal relationship with another executive, said the bank was trying to “manufacture” a reason to get rid of her, as both sides double down in the increasingly acrimonious fight.

President Joe Biden plans to sign an executive order for federal grants that would prioritize projects with labor agreements, wage standards and benefits such as access to child care and apprenticeship programs

Shaktikanta Das has emphasized the importance of addressing the 'last mile' in disinflation, a critical step in reducing inflation further. Speaking at a conference organized by FICCI and IBA, Das noted that while progress has been made, the central bank must successfully navigate this final stretch to uphold the credibility of India's monetary policy framework. Das's comments are interpreted as a signal that the RBI might maintain its current interest rates longer than anticipated before considering a shift in its monetary policy stance. In earlier remarks, he had highlighted the challenges of managing inflation, particularly due to persistent food price hikes. He likened inflation to an «elephant in the room,» explaining that although the elephant had left for a walk, the RBI's goal was to ensure it returned to the forest permanently. Also Read: Lower Q1 GDP numbers a blip, no letup in growth, says RBI Governor Shaktikanta Das