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6G rollout which will spur the growth that is required to achieve the developed nation status, Telecom Secretary Neeraj Mittal said on Wednesday. Mittal said that the government has replaced 150 years old Telegraph Act with a new Telecommunications Act which is expected to stand the test of time for the next 20-30 years. "5G technology has been already rolled out. We are now planning for 6G. All of them will spur the growth in achieving the developed nation status that we are yearning for," he said while speaking at a public relations industry event Prana. Mittal said that the race of technology is not going to stop. He said policymakers need to visit global manufacturing hubs in countries like Vietnam and China and get their acts together to replicate the success stories in India.

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

incentives for companies that have exceeded production, sales, and export targets of mobile phones every financial year under the mobile phone production-linked incentive (PLI) scheme, sources told ET. A senior government official told ET that some companies have consistently met their production, sales and export targets under the PLI scheme and have sought additional incentives due to them as soon as possible as a “good faith” measure. “The decision on disbursement on production above the ceiling limit is pending at the empowered committee level. We are looking at how to approach this issue best and hope to arrive at a solution soon,” an official said.

Here’s the Bank of Canada’s official statement for its rate decision:

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

The White House is signaling an openness to formally blocking the acquisition of U.S. Steel by Nippon Steel, as a government review of the proposed takeover by the Japanese company is on the cusp of ending

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Another offshore wind project in New Jersey is encountering turbulence

Labour Day in the US was on 2 September, an appropriate moment to consider the term ‘unskilled.’ Economists have used it for as long as I can remember, and at some point, I became numb to it, thinking it was just a neutral classification. But it’s not neutral—it’s both demeaning and misleading. Often people have incredible skills; they just aren’t skills currently in high demand.

interest equalisation scheme on pre- and post-shipment rupee export credit for one more month till September 30 to promote the country's outbound shipments. The scheme, which provides exporters interest benefits, ended on August 31. In June, it was extended for two months. In a trade notice, the Directorate General of Foreign Trade (DGFT) said, «Trade and industry is hereby informed that the Interest Equalization Scheme for Pre and Post Shipment Rupee Export Credit, which had earlier been extended up to August 31 as a fund limited scheme, has been further extended for one month i.e., up to September 30, 2024.» It said, however, this extension is applicable only for MSME manufacturing exporters.

Soon, it emerged that the driver of the minivan was not a longtime resident but one of the thousands of immigrants from Haiti who had recently settled in the area. He was driving with a foreign license not valid in Ohio. The stage was set for another fraught chapter in the debate over immigration in America, this one magnified because JD Vance, the state's junior senator, would soon become the Republican vice presidential nominee.

dollar remained firm on Wednesday while riskier currencies like sterling and the Aussie dollar languished as investors ran for safety following the worst sell-off in almost a month on Wall Street. The catalyst was ostensibly some soft U.S. manufacturing data, which fanned worries about a hard landing for the economy, as traders braced for crucial monthly payrolls data on Friday.

Oil prices fell on Wednesday, extending the previous day's more than 4% plunge, on expectations the political dispute that has halted Libyan exports may be resolved and concerns over lower global demand growth. Brent crude futures for November fell 28 cents, or 0.4%, to $73.47 at 0052 GMT after dropping 4.9% in the previous session. U.S. West Texas Intermediate crude futures for October were down 31 cents, or 0.4%, to $70.03 after dropping 4.4% on Tuesday.

Wall Street posted its worst day since the Aug. 5 rout, as weak US data and falling oil prices raised concerns about the health of the global economy. Japan led the slump, with the Nikkei 225 down over 3%. Shares also fell in Australia and South Korea, while futures pointed to losses in Hong Kong. US contracts edged lower in early Asian trading after the S&P 500 fell more than 2%, with Nvidia Corp. driving a plunge in tech stocks.

Federal Reserve will lower interest rates. The benchmark S&P 500 index, Nasdaq Composite Index and the Dow Jones Industrial Average recorded their biggest daily percentage declines since early August. Nine out of 11 S&P 500 sectors fell, led by declines in technology, energy, communication services and materials.

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India’s G20 Sherpa Amitabh Kant said on Tuesday that the disparity in taxes India imposes on electric vehicles (EVs) and hybrids will “continue for a long time." The goal is to increase battery manufacturing and accelerate the electrification of transport. With India having set itself a target of net-zero carbon emissions by 2070, the country needs to decarbonize.

U.S. stocks tumbled to their worst day since an early August sell-off after another report raised worries about the economy’s health

Volkswagen is currently weighing all its options around Germany as there is a constant pressure from Chinese EV makers who have forced plants in Germany to close down, due to the increasing competition from the South Asian country. The economic environment has ended up in major crisis and as new competitors are entering the European market, things are getting much tougher for Volkswagen in order to maintain its logistics and manufacturing hub in the country, and still manage to upkeep its profits and other relevant costs.

Tork Motors is looking to sell a stake to raise capital in a desperate bid to revive operations crippled by a sharp cut in government subsidies on electric vehicle sales and an overall funding squeeze. The Pune-based electric motorcycle startup--backed by Ratan Tata, Bharat Forge and Ola's Bhavish Aggarwal--has sent out buyout proposals to two-wheeler companies including Kinetic Green, Hero MotoCorp, and TVS Motor Company for the potential deal, said people familiar with the matter. These companies said they are studying the proposals and would decide shortly. The people cited above didn't disclose the amount of stake Tork Motors plans to sell. The company was last valued at $45 million, according to The Kredible and Entrackr.

Mahindra & Mahindra-backed motorcycle maker Classic Legends is planning an initial public offering (IPO) in the financial year starting April 1, 2026, cofounder Anupam Thareja said. The company manufactures and markets the Jawa, Yezdi and BSA motorcycle brands in India and overseas in the price range of ₹170,000 to ₹300,000. Classic Legends had acquired these iconic brands and successfully revived them. «This is the company that should have an IPO. It will be the most valuable one in its segment. Next year will be our first full year with all the new launches. Coupled with that the global expansion underway will also help. The year after next will also be crucial. In two years, we will have the company ready,» Thareja told ET on the sidelines of the launch of the 350 Jawa 42 FJ model with prices starting at ₹199,000. The company's motorcycles are positioned in the fast-growing middleweight (250cc to 350cc) segment where Royal Enfield is the market leader. Classic Legends retailed 2,131 units in July compared to Royal Enfield's 57,325 units, according to the Federation of Automobile Dealers Associations (Fada).