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…
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Guwahati, May 25 (IANS) Senior Bharatiya Janata Party (BJP) MLA and former Assam Minister Prashanta Phukan on Monday attributed the ongoing rise in prices to global conflicts and said the situation is expected to gradually improve in the coming months. Talking to reporters here, Phukan said inflation and price rises are not issues limited to Assam or India alone, but are part of a broader global economic situation driven by international conflicts and instability.“The price rise that we are wi…
Mumbai, May 22 (IANS) In the wake of widespread rumours regarding a potential fuel crisis, Maharashtra’s Food, Civil Supplies, and Consumer Protection Minister, Chhagan Bhujbal, on Friday assured the people that the state has an ample supply of petrol and diesel. Speaking to the media, he urged citizens to refrain from panic buying and unnecessary hoarding.The Minister revealed that panic-driven purchasing has led to an unusual surge in demand, with petrol and diesel sales spiking by 20 per ce…
New Delhi, May 16 (IANS) The ongoing US-Iran tensions are imposing rising economic costs on China, exposing Beijing to mounting risks across energy supplies, trade flows and regional investments amid the escalating Gulf crisis, a report has said.The report by Iran International showed that China has expressed growing concern over disruptions to the Strait of Hormuz, a critical energy corridor through which nearly 45 per cent of its oil imports flow, even as it continues to maintain diplomatic su…
New Delhi, May 14 (IANS) India’s electric vehicle battery demand is projected to surge 10-fold from 20 GWh in 2025 to 200 GWh by 2032, which could shift strategic gains toward component localisation and supply‑chain development, a report said on Thursday.The report from industry body India Energy Storage Alliance (IESA) said the market is approaching an inflection point as policy‑led adoption matures into a broad industrial ecosystem encompassing batteries, motors, power electronics, advan…
New Delhi, May 11 (IANS) The seven appeals made by Prime Minister Narendra Modi to the nation would go a long way to build and strengthen India’s journey towards Viksit Bharat, leading industry chamber Assocham said on Monday.PM Modi’s appeal to the people for collective participation to help the country deal with global economic disruptions, supply chain challenges and rising prices caused by international conflicts has, thus, emphasised prudence in the usage of petroleum products and reduc…
New Delhi, May 6 (IANS) Geopolitical tensions, supply chain disruptions and rapid technological changes are reshaping how economies participate in global value chains, the Asian Development Bank (ADB) said on Wednesday.Greater specialisation in the stages of global production has helped Asia and the Pacific achieve economic growth, create jobs, and reduce poverty over the past quarter century, according to the ADB’s ‘Asian Development Policy Report 2026’.The report found that the region ac…
New Delhi, May 5 (IANS) The third Joint Committee Meeting (JCM) on Healthcare between India and Japan was held here on Tuesday, with both sides committing to deepen cooperation for stronger healthcare systems, resilient medical supply chains and enhanced collaboration in digital health, medical innovation and workforce development.The meeting was co-chaired by Union Minister of Health and Family Welfare, Jagat Prakash Nadda and Japan’s Minister in charge of Healthcare Policy, Kimi Onoda.Nadda …
New Delhi, April 24 (IANS) Global smartphone system-on-a-chip (SoC) shipments declined 8 per cent year-on-year in Q1 2026, a report showed on Friday.The ongoing memory crunch is impacting both smartphone OEMs and SoC vendors’ new product development while forcing them to optimise their product portfolios, said the report by Counterpoint Research.The premium segment has remained relatively resilient, with higher costs largely passed on to end consumers. Meanwhile, the entry-level OEMs are incre…
New Delhi, April 22 (IANS) The government will hold an Open House in the national capital on April 27 to discuss issues related to import of steel amid the global tensions.The Ministry of Steel said that companies and associations may present their issues related to above subjects in the Open House. “The Open House will be conducted from 11:00 am to 5:00 pm and specific time slots will be indicated via e-mail. Walk-ins will not be possible due to logistic challenges and only one representative…