Centre Has Approved the HCL-Foxconn Semiconductor Unit in UP
On Wednesday, the Indian Cabinet officially approved the establishment of a semiconductor unit in Uttar Pradesh. The HCL Group and Foxconn partnership will manufacture display driver chips for mobile phones, laptops, automobiles, PCs and other devices in this plant. The investment in this semiconductor plant is around Rs 3700 crore ($430 million) and is designed…
ABHYUDAYA MITTAL
LTI Mindtree Cracks the Biggest Deal of $450 Million from ADM
Indian IT Firm LTI Mindtree secured its largest deal of $450 million from ADM (Archer Daniels Midland ). The company will execute an AI-powered operating model to improve ADM’s operational efficiency and global growth through application management, infrastructure support and cybersecurity services. For one year, LTI Mindtree grabbed the largest contract of the year from…
Himanshu
First Hydrogen-Powered Truck Installed by Adani for Mining
The renowned Adani Group has installed India’s first Hydrogen-Powered Truck for mining Logistics at the Chhattisgarh Coal mine, which marks a major shift in sustainable mining and the adoption of green hydrogen. Adani Enterprise’s Hydrogen-Powered Truck is a milestone development in India’s logistics. It will benefit commercial mining operations and is crucial to decarbonising industrial…
abhinav singh
Govt Eases Coal Norms Amid Power Shortfall in Summer
Amid growing concerns of a power shortfall this summer, the government has announced a new set of measures to ease coal supply to thermal power plants under a revised SHAKTI (Scheme for Harnessing and Allocating Koyala Transparently in India) policy. The Union Cabinet on Wednesday approved fresh coal linkages for central and state thermal power…
India Outdrives Japan and Becomes 4th-largest Economy
According to the IMF World Economic Outlook for April 2025, India will become the fourth-largest Economy Globally, leaving behind Japan. Reports also indicate it will be the third-largest by 2028, overtaking Germany. However, until 2024, India was the fifth-largest Economy in the world, but in 2025, it increased to fourth. The IMF also predicted that…
India to Produce $40 Billion iPhone by FY26
Apple is rapidly shifting gears in its global manufacturing playbook — and India is racing to the front of the line. With projections estimating nearly $40 billion worth of iPhones to be manufactured in India by FY26, the tech giant is doubling down on the subcontinent. What’s even more striking? 80% of that output is…
CEO Ashley Buchanan’s Time at Kohl’s Ends Early
Leading omnichannel retailer KOHL’S has terminated its newly appointed CEO, Ashley Buchanan, following an internal investigation that uncovered a significant conflict of interest. The company announced on Thursday that CEO Ashley had been dismissed after five months of his joining. According to the investigation by outside counsel, he allegedly violated company policies by directing the…
ATM Withdrawals to Rail Tickets: 6 News Rules From May 1
The month of May is bringing several changes this year across various sectors, including banking, transportation, energy, and taxation. Here is a comprehensive overview of the key changes. Changes to Come into Effect ATM Withdrawals Starting from May 1, 2025, the Reserve Bank of India (RBI) has approved an increase in interchange fees for ATM…
Shipra Prajapati
India Leads Military Spending, 9x Larger Than Pakistan
India has solidified its position as a global military powerhouse, ranking as the fifth-largest military spender worldwide. With a defence budget of approximately $73 billion in 2023, India has increased its military expenditure in recent years, significantly outpacing its regional counterpart, Pakistan. India’s military spending is nine times greater than Pakistan’s defence budget, which stands…
IndusInd Bank to Realign Leaders Amid Accounting Lapses
IndusInd Bank said on Sunday that the board is taking necessary steps to fix the account lapse. The bank has announced the significant restructuring of its top management following the revelation of a Rs 1,959.98 crore accounting discrepancy in its derivatives portfolio. The reports were submitted on April 26, which found that the P&L of…
Sumit