Seoul, May 28 (IANS) South Korea’s central bank kept its benchmark interest rate unchanged on Thursday amid lingering uncertainty in the Middle East, but it raised the possibility of future tightening as inflationary pressures and concerns over currency weakness intensified.In a widely-anticipated decision, the Monetary Policy Board of the Bank of Korea (BOK) held the key rate steady at 2.5 percent in its rate-setting meeting in Seoul. It is the first monetary policy meeting chaired by BOK Gov. …
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Seoul, May 27 (IANS) Unionised workers at Samsung Electronics voted to approve a wage agreement, the union said on Wednesday, easing concerns about potential disruptions to the global supply chain.In the six-day vote, 73.7 percent of the 62,616 members of the tech giant’s two largest unions approved the tentative deal. The agreement was finalised after a majority of eligible voters took part in the vote and a majority voted in favour of the proposal, reports Yonhap news agency.The labour union a…
Mumbai, May 20 (IANS) Chief Minister Devendra Fadnavis on Wednesday said that Maharashtra is ready to lead the transition in the nuclear energy sector and appealed to American companies to invest in the state. He further stated that Artificial Intelligence (AI), data centres, semiconductors, green hydrogen, electric mobility, and advanced manufacturing are driving a massive surge in the demand for stable and uninterrupted power.Long-term industrial growth cannot rely solely on solar and wind ene…
Jaipur, May 19 (IANS) Rajasthan is rapidly emerging as India’s next major semiconductor and electronics manufacturing destination, with the Bharatiya Janata Party-led state government on Tuesday unveiling ambitious plans to transform the state into a high-technology hub. Marking a significant milestone in the state’s industrial journey, Rajasthan’s first semiconductor cluster has been launched in Bhiwadi, signaling a decisive shift from traditional industries toward a technology-driven economy a…
Washington, May 19 (IANS) India’s Ambassador to the United States Vinay Mohan Kwatra pushed back against concerns over strains in the US-India relationship, asserting that ties between the two countries continue to enjoy strong bipartisan support and are expanding across trade, technology, defence and critical minerals.Addressing the Capitol Hill Summit 2026 organised by the US-India Friendship Council, Kwatra said many perceptions about tensions in the relationship were “not informed by the…
Gothenburg, May 18 (IANS) Prime Minister Narendra Modi addressed the European Round Table for Industry (ERT) in Sweden’s Gothenburg on Sunday and said that the “partnership between India and Europe is not just limited to economic figures only but it is guided by common values, democracy and diversity”. Swedish Prime Minister Ulf Kristersson, President of the European Commission Ursula von der Leyen, senior European industry leaders, and representatives from leading European and Indian companies …
The Hague, May 17 (IANS) As Prime Minister Modi on Saturday decided to further elevate the bilateral relationship with the Netherlands to a “Strategic Partnership”, the Dutch counterpart Rob Jetten said that in current times of international uncertainty, it is important that the Netherlands can rely on like-minded and valued allies such as India. “Both India and the Netherlands attach great importance to democracy, good governance and a world order based on rules and justice. My discussion with …
The Hague, May 17 (IANS) The Ministry of External Affairs (MEA) said on Saturday that Prime Minister Narendra Modi and his Netherlands counterpart Rob Jetten adopted an ambitious roadmap on strengthening the India-Netherlands relationship. Reflecting the shared values and trust, as well as increasing convergence and growing cooperation between India and the Netherlands, the two leaders decided to elevate the bilateral relationship to a “Strategic Partnership”.Addressing reporters following the d…
New Delhi, May 16 (IANS) The MeitY-backed ChipIN Centre — focused on semiconductor design education and VLSI research — has been inaugurated at Sona College of Technology in Tamil Nadu on Saturday to strengthen India’s semiconductor ecosystem and support the country’s ‘Make in India’ chip push.The ‘Sona ChipIN Centre’, established at the Department of Electronics and Communication Engineering (ECE), has been set up under the Chips to Startup (C2S) programme supported by the Ministr…
Seoul, May 15 (IANS) Samsung Electronics’ largest labour union said on Friday it will proceed with a major strike planned for next week despite the company’s proposal to resume talks without preconditions.An official proposal was sent to the union earlier in the day, in what is seen as the management’s latest effort to avert a planned 18-day strike beginning next Thursday that could disrupt production at the world’s largest memory chipmaker.The union reaffirmed its position that it has no inte…