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Air Taxis A Reality Soon? What PM Modi Said

Press Trust of India | Thursday September 12, 2024, New Delhi

Prime Minister Narendra Modi on Thursday highlighted the growth of the Indian civil aviation sector and said air travel has become inclusive with the regional air connectivity scheme.

Over 1 Crore Mobile Phone Connection Snapped In Crackdown On Pesky Callers

Press Trust of India | Wednesday September 11, 2024, New Delhi

Telecom regulator Trai and the Department of Telecom have jointly disconnected over 1 crore mobile connections to check pesky callers and fraudsters, according to an official statement.

Centre Approves Rs 10,900 Crore PM e-Drive To Push Electric Mobility

Press Trust of India | Wednesday September 11, 2024, New Delhi

The Union Cabinet on Wednesday approved the PM E-Drive Scheme with an outlay of Rs 10,900 crore for two years to boost adoption of electric vehicles in India, replacing the flagship FAME programme that ran for nine years till March.

Explainer: How India's Ambitious Semiconductor Journey Is Taking Shape

Indo-Asian News Service | Wednesday September 11, 2024, New Delhi

As India begins its semiconductor electronics manufacturing journey amid Prime Minister Narendra Modi's "it is right time to be in India" call, the reformist government, a growing manufacturing base in Bharat, and a huge aspirational market can help

Adani Ports To Develop Berth At Gujarat's Kandla Port For Multi-Purpose Cargo

Indo-Asian News Service | Wednesday September 11, 2024, Ahmedabad

Adani Ports and Special Economic Zone Ltd (APSEZ) on Wednesday announced it will develop a multi-purpose berth at Kandla Port in Gujarat.

Minister Shares Update On Second Phase Of Semiconductor Policy Semicon 2.0

Press Trust of India | Wednesday September 11, 2024, New Delhi

The government has started working on the second phase of the semiconductor policy, Semicon 2.0, which is expected to be in place in 3-4 months, Union Minister Ashwini Vaishnaw said on Wednesday.

Axis Bank, HDFC Bank Fined 2.91 Crore For Deficiencies In Regulatory Compliance

Press Trust of India | Wednesday September 11, 2024, Mumbai

The RBI said a penalty of Rs 1.91 crore has been imposed on Axis Bank for contravention of certain provisions of the Banking Regulation Act, and non-compliance with certain directions.

"Never-Before-Seen": CEOs Praise PM Modi Over Semiconductor Ecosystem

Asian News International | Wednesday September 11, 2024, New Delhi

Semiconductor executives, after meeting Prime Minister Narendra Modi, hailed the government's efforts for showing unprecedented enthusiasm for the development of the semiconductor ecosystem.

Woman, 64, Convicted For Failing To Pay Rs 5 Lakh Fine Imposed By SEBI In 2012

Press Trust of India | Tuesday September 10, 2024, Mumbai

A special court in Mumbai has convicted a 64-year-old woman for failing to pay a fine of Rs 5 lakh imposed by market regulator SEBI in 2012 for 'circular trading'.

India Has Capability To Lead Global Semiconductor Supply Chain: PM Modi

Indo-Asian News Service | Tuesday September 10, 2024, New Delhi

India has the capability to become a trusted partner in a diversified semiconductor supply chain globally and the government will follow a predictable and stable policy regime, Prime Minister Narendra Modi said on Tuesday.

Adani Green Energy Fully Redeems $750 Million Holdco Notes

Indo-Asian News Service | Monday September 09, 2024, Ahmedabad

Adani Green Energy Ltd (AGEL) on Monday said it has completed the redemption of all outstanding 750 million dollars Holdco Notes (4.375 per cent) through a fully-funded redemption reserve account.

Another Byju's Auditor Resigns, Firm Shares "Real Reason" Behind Exit

Indo-Asian News Service | Saturday September 07, 2024, New Delhi

Grappling with several issues, Byju's has found itself in new controversy as its auditor BDO resigned with immediate effect, highlighting multiple issues with the embattled edtech firm, including significant delays in financial reporting.

Adani Plans $10 Billion Semiconductor Project With Israel's Tower

Press Trust of India | Friday September 06, 2024, Mumbai

The Adani Group plans to invest Rs 83,947 crore (USD 10 billion) with Israeli partner Tower Semiconductor in setting up a chip manufacturing plant in Maharashtra, the state chief minister said.

Sensex Tanks 1,017 Points To Close At 2-Week Low Amid Weak Global Trends

Press Trust of India | Friday September 06, 2024, Mumbai

Falling for the fourth straight day, benchmark Sensex tanked 1,017 points to close at a two-week low on Friday due to selling in IT, oil & gas and PSU bank shares triggered by weak global trends and foreign fund outflows.

Adani Group To Raise $1.5 Billion Through Dollar Bonds

Saikat Das and Ishika Mookerjee, Bloomberg | Thursday September 05, 2024

Billionaire Gautam Adani's conglomerate is in talks with global banks to raise at least $1.5 billion through dollar bond sales, a further indicator of the groups rebound from a short seller attack.