Amazon commits to $15 billion India investment, CEO says
Amazon.com Inc will invest an additional $15 billion in India, the company's Chief Executive Andy Jassy told Prime Minister Narendra Modi in his meeting on Friday.The investment will take the e-commer ...
First Made-in-India semiconductor chips to come by December 2024
NEW DELHI: First Made-in-India chips are expected to be rolled out by December 2024, Union Minister for Communications and IT Ashwini Vaishnaw said on Friday.The minister said 4-5 semiconductor plants ...
Micron to invest $800 million in India chip factory
WASHINGTON: US chip giant Micron will invest $800 million in a chip factory in India, a US official said Thursday during a visit by Prime Minister Narendra Modi.The assembly and testing factory, which ...
Wilful defaulter norms in place since 2007: RBI
MUMBAI: The RBI on Tuesday clarified that it has not made any relaxations for wilful defaulters as it sought to address the heat and dust raised over its recent circular on compromise settlements with ...
HC stays bank action under RBI’s circular on fraud accounts
MUMBAI: The Bombay high court on Monday stayed an action by banks under a master direction issued by the Reserve Bank of India (RBI) on ‘frauds classification’ of accounts till September 11. The HC’s ...
Consumer tech stocks gain big in FY24 as operations stabilise
MUMBAI: Consumer tech companies that went public between late 2021 and early 2022, and were pummelled after their listing, are seeing a robust recovery on the bourses with gains of as much as 46% in t ...