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S Krishnan said on Wednesday. Addressing reporters on the completion of 10 years of Make In India initiative, the official said the overall production of electronics in India has increased to Rs 9.52 lakh crore with an annual compounded growth rate of 17.4 per cent from Rs 1.9 lakh crore in 2014-15, he said. «If you look at what the PLI scheme has done in the mobile sector, the overall production we have reached is far in excess of the target. We have reached Rs 6.61 lakh crore is the total value of production, well above the target that has been set. The overall investment has been Rs 9,100 crore, which is again well above the target,» Krishnan said.

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A New York appeals court is set to hear arguments in former President Donald Trump’s fight to overturn a civil fraud judgment that could cost him close to half a billion dollars

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By Steve Ambler and Jeremy Kronick

The Czech Republic’s central bank has cut its key interest rate for the seventh time in a row as inflation remains low and amid the economy’s slow recovery

Rahul Gandhi on Wednesday questioned the Centre's 'Make in India' project and alleged that GST and demonetisation were used as weapons to clear roads for business tycoons like Adani and Ambani. Addressing an election rally in support of Congress-National Conference (NC) alliance candidates from 11 assembly segments of Jammu district, Gandhi accused the BJP of using central agencies like the Enforcement Directorate (ED), Central Bureau of Investigation (CBI) and Income Tax (IT) to browbeat opponents. The Jammu district along with six other districts is going to polls in the third and final phase of Jammu and Kashmir elections on October 1. «They (BJP) are talking about 'Make in India' and the defence industry but the reality is that all the contracts are going to people like Adani. An Israeli company is making weapons and Adani is pasting his label.

State Bank of India (SBI), ICICI Bank, pharmaceutical major Famy Care, family offices and high networth individuals (HNIs). Over Rs 300 crore of the funds raised to date have already been committed towards five projects of the Rustomjee Group in some of Mumbai's prime locations and the fund is now exercising its green shoe option with a target of a final close shortly. The identified projects for investments include projects in Bandra West’s Pali Hill and Mt Mary Road, Versova Beach in Andheri West, Dhuruvadi in Prabhadevi and one more in Pali Hill. The Versova Beach and one Pali Hill project have already secured the necessary approvals, with construction in progress and active upward sales.

defence production hit a record high of Rs 1.27 lakh crore in 2023-24, with the country exporting military hardware to over 90 nations, Defence Minister Rajnath Singh announced on Wednesday. The milestone aligns with the 10th anniversary of the 'Make in India' programme under the NDA government. Started under Prime Minister Narendra Modi, this initiative aimed to achieve self-reliance across various sectors, including defence. Singh noted, «Ten years since then, many reforms have been made in every sector including the defence sector. India is rising on the defence industrial landscape of the world.» In recent years, several measures were taken to promote domestic defence manufacturing, focusing on enhancing military preparedness, particularly along the China border. Defence exports surpassed Rs 21,000 crore for the first time in 2023-24. The ministry targets increasing this to Rs 50,000 crore within five years.

BEIJING — China's slowing economy needs more than interest rate cuts to boost growth, analysts said.

England captain Harry Brook delivered a commanding performance, scoring his first one-day international century to guide his team to a 46-run victory over reigning world champions Australia in a rain-interrupted match in Durham on Tuesday. The win keeps England's hopes alive in the five-match series, which now stands at 2-1 in Australia's favour with two matches remaining. Chasing a target of 305, England were in trouble early at 11-2 after left-arm quick Mitchell Starc dismissed openers Phil Salt (0) and Ben Duckett (8) within the space of four deliveries.

The strike hit three floors of a six-story building. It was Israel's third strike over Beirut in less than a week Kobeissi is the first member of the militant group pronounced dead since Israel and Hezbollah entered a more intense phase of the ongoing conflict.

Hezbollah targets in Lebanon, in an offensive that has plunged the country into uncertainty over what Israel will do next and how the militant group might respond. The strikes came a day after a vast wave of Israeli airstrikes, targeting about 1,600 sites in parts of the country where Hezbollah holds sway, killed hundreds of people and set off a mass flight of civilians from southern Lebanon to Beirut, the capital. The streets were clogged with traffic, and displaced people were sleeping in their cars. Hezbollah also fired about 300 rockets at northern Israel on Tuesday, according to the Israeli military, keeping up the assault it began Oct. 8, a day after its ally Hamas led the deadly attack on southern Israel from the Gaza Strip. Most of the rockets were intercepted by Israel's missile defense system, but about six people sustained minor injuries, the military said.

U.S. Navy replenishment ship operating in the Middle East sustained damage after refueling vessels and the cause is under investigation, officials said Tuesday. The USNS Big Horn was damaged after it resupplied the USS Abraham Lincoln aircraft carrier strike group. The carrier group remains in the region amid heightened tensions over the Israel-Hamas war and Israel's ongoing strikes targeting Hezbollah in Lebanon. A U.S. Navy official, speaking on condition of anonymity to discuss matters yet to be made public, declined to elaborate on where the damage took place. A photo released by the U.S. military dated Sept. 5 showed sailors aboard the Lincoln receiving supplies from the Big Horn, while another on Sept. 11 showed the Big Horn alongside the Lincoln. The Lincoln is patrolling the Arabian Sea.

Subscribe to enjoy similar stories. New Delhi: Thai energy firm Banpu Public Co. Ltd has joined the fray to acquire Eversource Capital-backed Radiance Renewables Pvt.

TikTok has removed accounts associated with Russian state media for engaging in “covert influence operations” on the social media platform ahead of the U.S. presidential election

Subscribe to enjoy similar stories. Donald Trump is pitching himself as a national economic development recruiter, wooing foreign manufacturers with tax breaks and federal land while using tariffs to punish companies that don’t move production here. Trump, in a speech Tuesday in Savannah, Ga., is expected to say that in a second term he wants the U.S.

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A new report says a boost in spending on home renovations during the pandemic has helped contribute to higher prices for single-family homes despite downward market pressure.

Federal Reserve Governor Michelle Bowman said Tuesday she thought her colleagues should have taken a more measured approach to last week's half percentage point interest rate cut as she worries that inflation could reignite.

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...