Economy and Finance

Foxconn and HCL forge partnership to establish semiconductor testing, and assembly unit in India

The collaboration aligns with the Indian government's 'Make in India' and 'Atmanirbhar Bharat' vision.

Production Linked Incentive (PLI) Schemes resulted in over ₹1.03 lakh crore investment till November 2023, contributes to exports over ₹3.20 lakh crore

PLI Schemes lead to production/ sales of Rs. 8.61 lakh crore and employment generation of over 6.78 lakh

USA-India bilateral trade has crossed $200 billion, informs USISPF chief Mukesh Aghi

Furthermore, underscoring the Vibrant Gujarat Summit that happened recently, Aghi emphasised that it should be called Vibrant India and not Vibrant Gujarat anymore.

Core inflation declines to a 48-month low in December 2023, reaches 3.89% in December from 6.1% in January: NSO data

Core inflation has eased to a sub-4 percent level which has happened for the first time in the post-pandemic period. It has declined to 3.89 percent in December from 4.1 percent in November.

ONGC starts oil production from deep sea in Krishna Godavari basin offshore project: PM Modi calls it remarkable step in India’s energy journey

Union Minister Hardeep Singh Puri added that production is expected to be 45,000 barrels per day of oil and over 10 million standard cubic metres per day of gas.

Gautam Adani overtakes Mukesh Ambani to become India’s richest person on the Bloomberg Billionaires Index

The majority of Adani's wealth arises from the Adani group's six listed entities. According to Bloomberg, the companies and stakes are as follows: Adani Power (70%); Adani Total Gas (37%); Adani Energy Solutions (73%); Adani Ports (66%); and Adani Green Energy (56%).

‘SEBI is capable of looking into allegations against Adani, no need for SIT’: SC says OCCRP report, Hindenburg’s claims cannot be held as truth

The court stated in its ruling that the Supreme Court's jurisdiction to enter the regulatory framework of SEBI is restricted. "SEBI has concluded investigations in 20 of 22 cases. The investigation into the remaining two cases will be completed within three months," the order stated. 

Tata Electronics to recruit 1,000 female technicians in Assam for Semiconductor Assembly Testing and Packaging facility in Karnataka

ata group company Tata Electronics, which has big plans for the semiconductor industry, is recruiting 1000 female technicians in Assam for its semiconductor facility in Narasapur near Bengaluru.

Tesla to set up its first Indian factory in Gujarat, announcement likely during Vibrant Gujarat event in January 2024

Tesla may announce its debut in India in January 2024 during the Vibrant Gujarat Summit scheduled to be held in Gandhinagar

Pakistan’s economic development model has failed, it benefits only the elites: World Bank Country Director for Pakistan

World Bank Country Director for Pakistan, Najy Benhassine said that Pakistan's economic development is limited to the elite which resulted in the country lagging behind

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