The U.S. Semiconductor Industry Association emphasizes that eliminating tariffs on semiconductor components and equipment is essential for India to enhance its global competitiveness in chip manufacturing.
In a recent interview, Adrian Bosshard, CEO of Swiss luxury watch brand Rado, emphasized India’s significant position as a leading market for the company. He highlighted the country’s growing appreciation for luxury timepieces and its contribution to Rado’s global sales. India’s Growing Affinity for Luxury Watches Bosshard noted that India’s
In a significant boost to India’s semiconductor industry, U.S.-based Lam Research has announced an investment exceeding ₹10,000 crore (approximately $1.2 billion) to establish semiconductor equipment manufacturing facilities in Karnataka. This strategic move aligns with India’s vision to become a global hub for semiconductor manufacturing. Investment Details
At a recent industry summit in Chennai, SN Subrahmanyan, Chairman and Managing Director of Larsen & Toubro (L&T), expressed concerns over the growing reluctance among construction laborers to relocate for work. He attributed this trend to the availability of welfare schemes and a preference for comfort, which pose significant challenges to India’s
Apple has revised its MacBook production strategy, scaling back planned expansion in Vietnam while increasing manufacturing efforts in India. This move marks a significant shift in its global supply chain strategy as the company seeks to optimize production across multiple regions. Apple Reduces Expansion in Vietnam Initially, Apple had planned to expand MacBook production
The Bajaj Group has announced a major investment of ₹10,000 crore to establish a nationwide chain of hospitals, marking its entry into the Indian healthcare sector. This move aims to enhance healthcare accessibility and contribute to the growing demand for quality medical services in the country. Strategic Vision for Healthcare Expansion The planned investment will […]
The Indian rupee reclaimed the 87-mark against the U.S. dollar in early trade, supported by aggressive intervention from the Reserve Bank of India (RBI). The central bank’s actions helped reverse recent losses, bringing temporary relief to the currency amid global economic pressures. RBI’s Intervention and Market Response The rupee had recently faced downward
Meta Platforms, the parent company of Facebook, has commenced a series of layoffs impacting approximately 5% of its global workforce. This move aligns with CEO Mark Zuckerberg’s strategy to “raise the bar on performance management” by expediting the departure of employees not meeting performance expectations. Implementation of Layoffs The layoffs began on
In a strategic move to bolster digital payment security and mitigate rising cyber threats, the Reserve Bank of India (RBI) has announced the introduction of exclusive internet domains for financial institutions. This initiative aims to enhance trust in digital banking and payment services. Addressing Rising Digital Payment Frauds The RBI has expressed significant concern
The late industrialist Ratan Tata’s half-siblings—Shireen Jejeebhoy, Deanne Jejeebhoy, and Noel Tata—are set to assume control over his stakes in Tata Group companies. This development follows the restructuring of the Ratan Tata Endowment Foundation (RTEF) and the Ratan Tata Endowment Trust (RTET), which have been designated as custodians of his financial
