June 4, 2026

Business

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Gujarat chip city: Japanese, Taiwanese firms plan housing corridors in Dholera; Tata’s fab to host expat employees

contact@dailyupdatesindia.com03 mins

Japanese and Taiwanese electronics and semiconductor companies are exploring the development of country-specific housing corridors in Dholera, Gujarat, to accommodate expat employees working on India’s first chip fabrication unit.Tokyo Electron Ltd (TEL) from Japan and Taiwan’s PSMC, both partners in the Tata Group’s upcoming Dholera fab, are reportedly considering private housing facilities for their staff….

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PSB credit growth: Public lenders outpace private peers for first time since 2010; asset quality gap narrows

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Public sector banks (PSBs) have registered their strongest advance growth since 2010, surpassing private lenders for the first time in over a decade. According to a Systematix Group report cited by news agency ANI, PSBs reported 12.2% year-on-year growth in advances in FY25, compared to 9.5% by private sector banks (PVBs).The report noted that PSBs…

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India, NZ plan to conclude early FTA, next round of talks in October

contact@dailyupdatesindia.com01 mins

NEW DELHI: The third round of negotiations for the India-New Zealand Free Trade Agreement (FTA) concluded on Friday in Queenstown, with both sides vowing to conclude a deal. The discussions reaffirmed the shared commitment of both nations to strengthen economic ties and work towards the early conclusion of a mutually beneficial agreement. Against the backdrop…

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BharatGen wins Rs 988.6 crore under IndiaAI Mission

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BENGALURU: BharatGen, India’s first government-backed multimodal sovereign AI initiative, was awarded Rs 988.6 crore in funding by the ministry of electronics and information technology (MeitY). The announcement was made by Union IT minister Ashwini Vaishnaw in New Delhi on Friday. The allocation makes BharatGen the largest beneficiary of the Rs 1,500 crore IndiaAI Mission 2025,…

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RBI governor tells CCIL to ‘look beyond’ rupee-dollar trades

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RBI governor Sanjay Malhotra (File photo) MUMBAI: RBI governor Sanjay Malhotra on Thursday urged the Clearing Corporation of India (CCIL) to expand beyond dollar-rupee trades by creating settlement infrastructure for other currency pairs, as part of efforts to deepen markets and internationalise the rupee.“Given the broader objective of internationalisation of INR, CCIL could explore the…

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Big change for H-1Bs: Donald Trump signs order to increase annual visa application fee to $100,000; aim to protect US tech jobs

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Trump sings order to increase H1-B visa application fees US President Donald Trump has signed a new proclamation on Friday (US time) introducing a $100,000 annual fee for H-1B visa applications, along with other changes to the skilled foreign worker programme, which has been under scrutiny for years.Originally designed to attract exceptional foreign talent for…

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Donald Trump to levy $100,000 H-1B visa application fee; overhaul aimed at protecting American workers: Report

contact@dailyupdatesindia.com02 mins

Donald Trump (File photo) The US administration plans a major change to the H-1B visa programme, with President Donald Trump expected to sign a proclamation Friday imposing a $100,000 application fee, according to a White House official, quoted in a Bloomberg report.The order is intended to curb misuse of the visa category and its perceived…

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Banking reforms: Cooperative banks get Aadhaar-enabled services under simplified UIDAI framework; boost for rural inclusion

contact@dailyupdatesindia.com02 mins

A new Aadhaar-based framework has been rolled out for cooperative banks, paving the way for them to offer authentication and eKYC services that had long remained out of reach due to compliance and cost hurdles.Announcing the initiative at a workshop in New Delhi on Friday, Cooperation Ministry Secretary Ashish Kumar Bhutani said the move will…

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