NEW DELHI : India is set to solidify its status as the world’s largest basmati rice producer, with the acreage under short-duration basmati varieties expected to surge by up to 10% this Kharif season (June to October) — a shift driven by better prices, faster crop cycles, and rising export momentum. “We are anticipating increase…
The Union Cabinet on Wednesday approved a ₹3,706 crore semiconductor plant at Jewar in Uttar Pradesh, to be set up by the HCL-Foxconn joint venture to manufacture display driver chips for mobile phones, laptops, and automobiles. The plant will have the capacity to handle 20,000 wafers per month, and 3.6 crore chips will be produced…
The tightening of bidding norms by the ministry of road transport & highways (MoRTH) via the additional performance security (APS) requirement will ease competitive pressure in central government road projects, rating agency ICRA said in a report on Wednesday. The APS requirement necessitates that bidders who quote significantly below the estimated project cost provide an…
NEW DELHI : India’s display manufacturing industry received a boost on Wednesday when the Union cabinet approved the India Semiconductor Mission’s (ISM) fifth chip-testing facility in the last one year and the sixth semiconductor project overall. The ₹3,700-crore ($433 million) project is the first “advanced manufacturing outsourced semiconductor assembly and testing (Osat) facility” in the…
Over the last few weeks, the success of Operation Sindoor saw a fallout on social media, which was beyond the war of perception which was being fought. The trend to boycott Turkey, on the lines of Boycott Maldives, took over social media. This is not the first time that such trends have taken over social…
His trusted partner, Charlie Munger, echoed the views, too, over the years. “It’s hard to run a bank intelligently,” Munger told an interviewer once. “There’s a lot of temptation to do dumb things which will make the earnings next quarter go up, but are bad for the long term.” For a duo as unimpressed by…
NEW DELHI : Nasdaq-listed ReNew Energy Global Plc on Friday announced an investment of ₹22,000 crore to set up a hybrid renewable energy project in Andhra Pradesh. The 2.8 GW project including 1.8 gigawatt of solar, 1 GW wind, and a battery energy storage system (BESS) of 2 gigawatt hour (GWh) will be set up…
However, theatre owners are pushing back against this high-pricing strategy, warning that it is discouraging footfalls, particularly in small towns, contributing to one of Hollywood’s weakest box-office performances in the country in nearly a decade. The average Hollywood ticket price of ₹245 towered over the all-India average of ₹134 and handily beat local languages like…
IndiGo, India’s largest carrier, was the first to induct the A320neo in the country. The aircraft arrived in March 2016, already delayed from its expected induction date. GoAir soon followed with its own induction. No sooner had they started flying than issues emerged, including warnings that required planes to turn around and land, as well…
NEW DELHI : India’s liquor industry is expected to record a fourth straight year of strong growth, according to a study, as more people take to drinking and consumption shifts towards costlier, premium whiskies and gin to beer. Alcohol sales are likely to rise 8-10% to ₹5.3 lakh crore in fiscal 2025-26, according to Crisil…