New Delhi, May 26 (IANS) Under the Central government’s Semicon India Programme, 12 Fab or packaging projects and 24 semiconductors design projects have been approved so far and India Semiconductor Mission launched an online “Investors Support” portal to boost investor confidence and address their concerns, a statement said on Tuesday.The portal, accessible at https://www.ism.gov.in/investment, provides information on government schemes, policies, approved projects under the Semicon India …

Mumbai, May 26 (IANS) Shares of Techno Electric and Engineering Company tumbled nearly 13 per cent during intra-day trade on Tuesday after the company reported a decline in its fourth-quarter profit.The stock fell as much as 12.8 per cent on the BSE to an intra-day low of Rs 1,194 per share.However, it recovered some losses later in the session and was trading 11.8 per cent lower at Rs 1,208.8 apiece at around 1:25 p.m.The decline in the share price came after Techno Electric announced its finan…

Seoul, May 26 (IANS) South Korea’s benchmark Korea Composite Stock Price Index (KOSPI) wrapped up Tuesday’s trading session above 8,000 points, as foreign investors returned to net buyers of local stocks on expectations that the United States and Iran may be nearing a deal to end the war in the Middle East.The KOSPI jumped more than 2.8 percent to open at 8,070.91 points, breaking above an intraday high of 8,046.78 points that was reached May 15, reports Yonhap news agency.The index rose as high…

Seoul, May 26 (IANS) South Korea is taking a cautious approach with the timing of its oil stockpile release under the agreement among International Energy Agency (IEA) members amid concerns there could be a global oil crisis in August, an industry ministry official said on Tuesday.Earlier this year, Seoul pledged to release 22.46 million barrels of oil from its strategic reserves by June 9 under a joint plan adopted by 32 member nations of the IEA as part of efforts to help address disruptions i…

New Delhi, May 26 (IANS) Despite geo-political headwinds, India’s services sector remained resilient as exports grew 13.4 per cent year‑on‑year to $37.24 billion while imports fell marginally to $16.66 billion, a report said on Tuesday.The report from B2K Analytics said strong performance in the services sector helped offset a widening merchandise trade gap driven by higher energy costs.India’s overall trade deficit, including merchandise and services, narrowed to $7.8 billion during the…

New Delhi, May 26 (IANS) Market regulator Securities and Exchange Board of India (SEBI) has initiated a pilot project to explore tokenisation of corporate bonds using distributed ledger technology (DLT), a move that could enhance liquidity and enable faster settlement in the debt market, SEBI Chairman Tuhin Kanta Pandey said on Tuesday.Pandey further stated that the pilot is aimed at assessing how blockchain-based systems can improve efficiency in bond trading and settlement, while also addressi…

New Delhi, May 26 (IANS) Strong occupier demand in India’s real estate market is increasingly outpacing institutional capital deployment, creating a widening supply gap despite an estimated $2.3 billion available as dry powder for future investments, a report said on Tuesday.Real estate‑focused alternative investment funds recorded $14.5 billion in capital commitments between 2021 and 2025, but only $7.9 billion has been raised and $5.7 billion deployed, the report from Knight Frank India sa…

New Delhi, May 26 (IANS) The upcoming monsoon will directly influence India’s FY27 macroeconomic outlook, with the India Meteorological Department forecasting rainfall at 92 per cent of the long-period average, classified as below normal, a report said on Tuesday.The report from investment platform smallcase said that below normal rainfall raises concerns over food inflation, rural demand recovery and interest‑rate trajectories in upcoming quarters.It further highlighted that stable rainfall…

New Delhi, May 26 (IANS) India’s artificial intelligence (AI) market is expected to surge more than 50-fold from over $9 billion currently to upwards of $500 billion in the coming decades, positioning the country as a major driver of office demand and workplace transformation in the Asia Pacific region, according to a report released on Tuesday.The report by Colliers India highlighted that AI-enabled workforces, demographic shifts, energy security, climate risks and changing global economic dy…

New Delhi, May 26 (IANS) The Quad foreign ministers on Tuesday sharpened their focus on trade, energy security and maritime cooperation, with India, the US, Australia and Japan announcing a series of initiatives aimed at strengthening economic resilience and supply chain stability across the Indo-Pacific region.The discussions took place during the Quad grouping, hosted by India in its capacity as the current chair of the grouping.External Affairs Minister S Jaishankar, US Secretary of State Mar…