Sanand (Gujarat), July 4 (IANS) In a powerful symbol of India’s rising technological prowess, Prime Minister Narendra Modi on Saturday inaugurated the CG Semi OSAT facility, declaring that Gujarat’s Sanand is fast emerging as India’s answer to Silicon Valley.Just two years after the foundation stone was laid in 2024, the plant has moved with remarkable speed, commencing chip testing by August 2025 and now beginning full commercial production.“This is what happens when India resolves to do …
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New Delhi, June 8 (IANS) Vedanta Resources has run into a credibility test in the US listing of its copper business, with auditors flagging concerns over the financial viability of its main asset, which has been piling up losses, according to a regulatory filing.The mining group has filed for an initial public offering (IPO) of CopperTech Metals Inc, a US-domiciled entity that owns and operates Vedanta’s Zambian copper mines and is expected to list on the New York Stock Exchange under the tick…
Mumbai, June 6 (IANS) The Indian equity benchmarks posted notable losses during the week as domestic policy measures were mildly offset by persistent external uncertainties.Nifty lost 0.77 per cent during the week and dipped 0.21 per cent on the last trading day to reach 23,366. At close, Sensex was down 116 points, or 0.16 per cent, at 74,243. It declined 0.71 per cent during the week.Geopolitical tensions in West Asia and their influence on crude prices continued to weigh on investor sentiment…
New Delhi, March 19 (IANS) Prime Minister Narendra Modi on Thursday urged the global investor community to “make, invest, innovate, and scale” in the domestic power sector.In a written message read out by Union Power Secretary Pankaj Aggarwal on the first day of the ‘Bharat Electricity Summit 2026; here, PM Modi said India stands at a defining moment in its energy journey as the world’s fastest-growing major economy.”I invite the global community to make in India, innovate in India, invest in In…
New Delhi, Feb 24 (IANS) A group of former Chief Justices of High Courts, senior High Court judges, senior civil servants and armed forces veterans have issued a joint statement condemning the protest staged by members of the Indian Youth Congress during the India AI Impact Summit 2026 at Bharat Mandapam, terming the episode a “national disgrace” that undermined India’s global standing. The signatories said they were “shocked beyond belief” at the recent “unpardonable spectacle” in…
New Delhi, Feb 16 (IANS) Under the gaming and interactive technology category at the India AI Impact Summit 2026, five Indian startups will showcase AI‑powered solutions that highlight “India’s growing leadership at the intersection of AI, gaming, immersive media and enterprise transformation,” the government said on Monday.The participation of these startups’ underscores expanding capabilities in AI‑powered gaming, immersive experiences, cognitive transformation and interactive storytelli…
Washington, Feb 2 (IANS) Leading US-India business groups welcomed India’s Union Budget 2026–27, saying it reinforces growth, fiscal discipline, and India’s role as a key economic partner for the United States during global uncertainty.US-India Business Council (USIBC) and the US-India Strategic Partnership Forum (USISPF) said the budget underscored India’s commitment to economic growth, resilience, and global competitiveness, while strengthening the foundations for deeper bilateral comm…
New Delhi, Jan 29 (IANS) The UK India Business Council (UKIBC) on Thursday called for a simplified tax regime through exemptions on capital tax gains from foreign portfolio investors FPIs and other investor-friendly reforms from Union Budget 2026-27.The business advisory body also called for strengthening the GIFT City proposition as a globally competitive financial services hub, simplified GST compliance, incentives and support for the telecom sector.It urged the government “to provide increase…
New Delhi/Hyderabad, Jan 28 (IANS) Asserting that India is becoming a major global aviation hub, Prime Minister Narendra Modi on Wednesday urged investors from around the world to “join us as co-pilots on India’s flight to success”.The Prime Minister declared that the government is working on the next phase of the UDAN scheme to further strengthen regional and affordable air connectivity.In his video message at the inaugural of Wings India 2026, the civil aviation summit that began at Begumpet…
Guwahati, Jan 23 (IANS) Assam Chief Minister Himanta Biswa Sarma on Friday said the state is set to establish a Centre of Excellence in collaboration with the World Economic Forum (WEF), marking a significant step towards strengthening the state’s global economic engagement and policy innovation. Sharing details of his interactions on the sidelines of the WEF Annual Meeting in Davos, CM Sarma said the decision was taken during a meeting with the WEF leadership team.The proposed Centre of Excel…