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India is set to emerge as one of the world’s top four semiconductor manufacturing nations by 2032 and aims to become the best by 2035, driven by its talent base and expanding ecosystem, Union minister for electronics and IT Ashwini Vaishnaw said on Friday, reported PTI .Speaking on the sidelines of an event announcing approval…
The government on Friday announced a Rs 7,295-crore export support package aimed at improving exporters’ access to credit, comprising a Rs 5,181-crore interest subvention scheme and a Rs 2,114-crore collateral support measure, officials said.Both interventions will be implemented over a six-year period from 2025 to 2031 and form part of the Rs 25,060-crore Export Promotion…
Wall Street and major global equity markets began 2026 on an upbeat note on Friday, buoyed by optimism around artificial intelligence-led growth and strong gains in technology stocks, AP reported.In early trade, the S&P 500 rose 0.4 per cent, extending gains after closing 2025 with a rise of more than 16 per cent. The Nasdaq…
Technology billionaires were at the forefront of the advance, with sustained enthusiasm around artificial intelligence driving gains in US mega-cap shares. (AI image) Did you know that the world’s wealthiest and richest 500 people added a whopping $2.2 trillion to their wealth in 2025? The rise was a result of powerful rallies across global markets…
India’s foreign exchange reserves rose by $3.293 billion to $696.61 billion in the week ended December 26, data released by the Reserve Bank of India showed on Friday, PTI reported.The overall reserves had increased by $4.368 billion to $693.318 billion in the previous reporting week, indicating a continued strengthening of the country’s external buffer.According to…
India’s largest institutional investor, Life Insurance Corporation of India (LIC), has seen the value of its investment in ITC erode by Rs 10,445 crore over just two sessions, after the FMCG major’s shares plunged sharply following a steep hike in cigarette duties, ET reported.LIC held a 15.86 per cent stake in ITC, equivalent to about…
So the next time the market is falling and you feel the itch to stop your SIP, remember this: the feeling is normal, the action is costly. (AI image) Let me guess your SIP journey.You start with great enthusiasm. You’ve read about compounding, you’ve seen the long-term Sensex chart, you’ve promised yourself, “Yeh SIP toh…
ITC shares slid to a three-year low of Rs 345.35 on Friday, extending a sharp two-day selloff that has erased about 14% of the stock’s value after the finance ministry announced a steep increase in cigarette taxes, triggering widespread analyst downgrades and renewed concerns over volumes and profitability.The Nifty heavyweight fell another 5% on Friday,…
Since the start of the Ukraine conflict in 2022, India has been the largest buyer of discounted Russian seaborne oil. (AI image) India is looking to seal a trade deal with the US and is monitoring weekly data on crude oil purchases from Russia and America, according to a Reuters report. Oil refiners have been…
New supply of office space declined sharply in key property markets such as Delhi-NCR and Mumbai last year, even as demand for prime workspaces remained strong across India’s major cities, according to real estate consultant Colliers, PTI reported.Delhi-NCR saw a 15 per cent fall in new office supply in 2025, while Mumbai recorded a steeper…
