With a myriad headwinds such as global trade war, upcoming state elections and interest rate resets, market volatility could persist in the current year. But, as global funds reallocate from China to markets like India, where growth is likely to be upwards of 6.5%, chances of a deep correction are unlikely, believes Nirmal Jain, founder,…
The scheme, which will run over several years, will support companies across 30 semiconductor and 30 electronics categories, the people cited above said on the condition of anonymity. The incentives will be given based on value of capital investments (capex) as well as turnover of companies. The idea is to create an ecosystem that encourages…
Semiconductors lie at the core of modern life. Factories to make them can be extremely expensiveâto the order of $20 billion or so for a single factory. The ultimate prize can be significantâbuilding a scientific and technical eco-system like Silicon Valley. âThe success of Silicon Valley is one that many other countries would like to…
The big day is here! FM Sitharaman will deliver her 8th Budget speech at 11 a.m. Even though itâs a Saturday, stock markets (BSE and NSE) will remain open. This will be her second full Budget under Modi 3.0 and her eighth overall, including six annual and two interim Budgets during the NDA tenure. From…
The drone industry, one of Indiaâs sunrise sectors, wants the government to increase allocations under the Production Linked Incentive (PLI) scheme in the upcoming Union Budget for 2025-26. In September 2021, the government announced a PLI scheme for the drone sector for a period of three years with a total financial outlay of âš120 crore….
Tech giant Apple is anticipated to significantly expand its workforce in the Indian market, potentially generating around 600,000 jobs by the conclusion of the fiscal year, reported the Economic Times, citing insider information. As per the publication, this strategic initiative seems to be aimed at lessening Apple’s reliance on China for its manufacturing processes. By…
