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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.

A former Jacksonville Jaguars financial manager who pled guilty to stealing more than $22 million from the NFL franchise through its virtual credit card program was sentenced to 78 months in prison

Stocks are rallying on Wall Street following the latest update on inflation

Not even education can close the pay gap that persists between women and men, according to a recent U.S. Census Bureau report

The Kentucky House has voted to allow the state’s smallest coal mining operations to reduce the number of miners with emergency medical training on a shift

The National Small Business Association has won a court challenge against the Corporate Transparency Act, a law designed to combat money laundering

Russian officials say Ukrainian long-range drones have smashed into two oil facilities deep inside Russia

The head of the African Development Bank is calling for an end to loans given in exchange for oil or critical minerals used in smartphones and electric car batteries

NEW DELHI : Digital economy firms violating provisions of an upcoming competition law to govern them may be penalized up to 10% of their global turnover, a top government panel recommended. The corporate affairs ministry panel led by its secretary Manoj Govil on Tuesday proposed a new set of compliance obligations for influential digital economy firms such as Google, Apple and Meta.

₹17,484 crore ($2.11 billion). BAT, which holds over 29% in the cigarettes-to-hotels conglomerate, will sell the shares at ₹384–400.25 each, implying a 4–5% discount to ITC’s Tuesday closing price of ₹401.90 on the NSE. ITC shares fell 1.83% earlier in the day, while the benchmark Nifty index closed unchanged.

India Inc. is beginning to juggle different kinds of stock options as attracting and retaining top talent over a long period becomes tougher. Companies are creating hybrid forms of stock options instead of plain-vanilla ones.

Meta Platforms (NASDAQ:META) stock soared by over nearly 40% since the beginning of the year, boosted by strong Q4 earnings results in February, better-than-expected guidance for Q1/24, alongside the announcement of an additional $50 billion in share repurchases, and the introduction of its first-ever dividend.

Lily Gladstone is all set to play a pivotal role in the upcoming show «Under the Bridge». The show will premier on Hulu, as per a report in Collider. In Hulu's latest series, «Under the Bridge,» Lily Gladstone takes on the role of an investigator delving into the mysterious disappearance of Reena Virk. The show offers a fictionalized account based on real-life events, exploring the complexities surrounding Virk's vanishing.

Brent futures for May delivery were up 24 cents at $82.45 a barrel by 1420 GMT. The April U.S. West Texas Intermediate (WTI) crude contract rose 31 cents at $78.24.

India negotiate lower prices for Russian oil as it deepens sanctions on tankers carrying the petroleum above Western price caps, President Joe Biden's energy envoy said on Tuesday. Washington imposed sanctions late last month on Russia's leading tanker group Sovcomflot on the two-year anniversary of Moscow's full scale invasion of Ukraine. It also designated 14 crude oil tankers as property in which Sovcomflot had an interest. That led to concerns in India of a potential dent in Russian oil sales to India, the biggest buyer of Russian seaborne crude, and that the fresh sanctions could complicate efforts by Indian state refiners to secure annual supply deals, Reuters reported late last month.

Joe Biden tried his best to present himself as an energetic and enthusiastic person in his State of the Union address to the joint session of the US Congress, special counsel Robert Hur has made several damning revelations in his report. He has written in his report that the commander-in-chief confused key dates during his October interview, he even forgot the year of death of his son Beau and when Donald Trump was elected president of the country, reports the 'New York Post'.

Vishal Mega Mart plans $1 billion IPO, investment banks to pitch this week: Report Established in 2023, Royal Sense Limited specializes in the provision of a wide range of products including Medical Equipment, Surgical Instruments, Surgical Consumables, Laboratory Equipment, Laboratory Reagents, Medical Disposables, and Diagnostic Kits. The company distributes its products to the Ministry of Health Departments in several states including Uttar Pradesh, Himachal Pradesh, Rajasthan, and Jammu & Kashmir, as well as directly within these regions through a network of distributors and sub-dealers. Additionally, the company extends its product supply to government institutions and private hospitals nationwide.

Aditya Birla Capital (ABC) is set to merge with its wholly-owned subsidiary arm Aditya Birla Finance Ltd (ABFL) on which shares of the financial services company picked an uptrend rising almost four per cent to hit an intra day high of ₹190.65 earlier today. Domestic brokerage firm JM Financials has reiterated its ‘buy’ rating on the Aditya Birla Group stock and sees a potential upside of 33 per cent at a revised target price of ₹240 in the 12 months from current levels.

ALSO READ: US inflation rises again in Feb The core consumer price index (CPI), which excludes food and energy costs, rose 0.4 per cent from January to February, a pickup from the previous month’s figure of 0.3 per cent, according to government data released on Tuesday. On annual basis, the consumer prices rose 3.2 per cent last month, faster than January’s 3.1 per cent. The latest consumer prices data indicates that stubborn inflation remains a persistent challenge for the Federal Reserve.

President Joe Biden has reignited the debate surrounding implementing a 30% tax on electricity used by crypto miners in a budget proposal for 2025.

Mar. 12th, Panama – On March 11, 2024, Gate.io, a global leader in digital asset trading, released its latest proof of reserve report. The report reveals that Gate.io’s reserve ratio in March reached 115.49%, with the total reserves surpassing $6 billion, a 40.33% increase from January. Additionally, the extra reserves experienced steady growth, reaching a record high of $820 million, an increase of 40.50%.