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Semiconductor Manufacturing in India: Government to Provide 50 Percent Incentive for Chip Fabs
The union cabinet chaired by Prime Minister Narendra Modi on Wednesday approved a proposal to provide 50 percent financial incentives for the manufacturing of semiconductor fabs across technology nodes as well as for compound semiconductors, packaging, and other chip facilities.
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Sahasra Semiconductors to Invest Rs. 750 Crore to Set Up Memory Chip Unit in Rajasthan: Details
Sahasra Semiconductors will invest Rs. 750 crore in setting up a facility to assemble, test, and package semiconductors in India, the company said on Monday. Semiconductors are converted into a complete product ready for sale at ATMP (Assembly, Testing, Marking and Packaging) units. The firm will invest Rs. 150 crore this financial year to set up a...
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Coronavirus Financial Stimulus "Not Sufficient", Fiscal Deficit May Go Up To 14%, Says Ex-RBI Governor
The former RBI governor said that livelihood support has to be extended to many more families as most of their savings have dried up
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All Pending Income Tax Refunds Up To Rs 5 Lakh To Be Released Immediately
In a measure that is expected to provide relief to around 14 lakh taxpayers amid the Covid 19 (coronavirus) outbreak and resultant lockdown in the country, the government on Wednesday decided to release all pending income tax refunds up to Rs 5 lakh immediately. An individual is liable to get income tax refunds when the tax deducted from income in...
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India Considers Relief Package For Battered Airlines: Report
India on Tuesday said it was working on a relief package for a battered airline industry that an aviation consultancy forecasts will lose up to $1.9 billion this financial year, mainly from rising costs and low fares.
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Mercedes-Benz India Hikes Prices Of Its Cars By Up To 4 Per Cent
Revised prices to come into effect from September, 2018
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Tata Motors Reduces Up To 1500 Employees As Part Of Restructuring Exercise
Tata Motors said that it has reduced its managerial workforce domestically by 10-12 per cent as part of an organisational restructuring exercise. The Indian automaker declared its financial results for the fourth quarter of 2016-17 and that's where the company Managing Director and CEO Gunter Butschek spoke about the reduction in workforce.
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Mercedes-Benz Offers Extended Warranties Up To 6 Years With New Advanced Assurance Programme
Mercedes-Benz India has launched the Advanced Assurance Programme in collaboration with Reliance General Insurance and Daimler Financial Services India. Under the new programme, customers can avail of extended warranty packages going up to 6 years.
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Arun Jaitley Announces Special Package For Andhra Pradesh
The centre has announced more financial assistance for Andhra Pradesh to make up for the loss in revenue that the state has suffered from the bifurcation to create Telangana, but opposition parties have made clear that nothing less than "special category status" for the state will do.
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Before Bihar Elections, a Disapproval of Package Politics From RSS Chief
In the run up to next month's Bihar elections, Prime Minister Narendra Modi and Chief Minister Nitish Kumar have been exchanging volleys over financial aid packages to the state.
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World Bank to Provide up to $2 Billion in Aid to Ukraine
The World Bank said Thursday it is prepared to provide up to $2 billion in financial assistance to conflict-torn Ukraine this year, part of an international package of support.
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Cabinet may take up changes in Financial Restructuring Package next week: report
The changes in current Financial Restructuring Package (FRP) have been proposed to incorporate the outstanding liabilities of Jharkhand, Bihar, Karnataka and Andhra Pradesh electricity Boards for the last three-six months.
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Yahoo CFO to be paid $18 mn over four years
Yahoo Inc Chief Financial Officer Ken Goldman will receive up to $18 million in salary, bonuses, restricted stock and stock options over the next four years, according to a regulatory filing.
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Will Uttar Pradesh, Bihar get special financial packages for supporting Pranab Mukherjee?
The Prime Minister will discuss financial packages for Uttar Pradesh and Bihar at a meeting of top officials today. The timing of the meeting is piquant - the Presidential elections are now about a week away, and both states are ruled by parties that have pledged support to the ruling UPA's candidate, Pranab Mukherjee. Not on the list of states f...
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Naveen Patnaik targets Pranab Mukherjee, questions financial packages given to states
Odisha Chief Minister and Biju Janata Dal (BJD) chief Naveen Patnaik has gone on the offensive by accusing UPA's presidential candidate Pranab Mukherjee of doling out lakhs of crores of rupees from Central funds as Finance Minister to states like Bihar, UP and Bengal to elicit support for his candidature.
-
Semiconductor Manufacturing in India: Government to Provide 50 Percent Incentive for Chip Fabs
The union cabinet chaired by Prime Minister Narendra Modi on Wednesday approved a proposal to provide 50 percent financial incentives for the manufacturing of semiconductor fabs across technology nodes as well as for compound semiconductors, packaging, and other chip facilities.
-
Sahasra Semiconductors to Invest Rs. 750 Crore to Set Up Memory Chip Unit in Rajasthan: Details
Sahasra Semiconductors will invest Rs. 750 crore in setting up a facility to assemble, test, and package semiconductors in India, the company said on Monday. Semiconductors are converted into a complete product ready for sale at ATMP (Assembly, Testing, Marking and Packaging) units. The firm will invest Rs. 150 crore this financial year to set up a...
-
Coronavirus Financial Stimulus "Not Sufficient", Fiscal Deficit May Go Up To 14%, Says Ex-RBI Governor
The former RBI governor said that livelihood support has to be extended to many more families as most of their savings have dried up
-
All Pending Income Tax Refunds Up To Rs 5 Lakh To Be Released Immediately
In a measure that is expected to provide relief to around 14 lakh taxpayers amid the Covid 19 (coronavirus) outbreak and resultant lockdown in the country, the government on Wednesday decided to release all pending income tax refunds up to Rs 5 lakh immediately. An individual is liable to get income tax refunds when the tax deducted from income in...
-
India Considers Relief Package For Battered Airlines: Report
India on Tuesday said it was working on a relief package for a battered airline industry that an aviation consultancy forecasts will lose up to $1.9 billion this financial year, mainly from rising costs and low fares.
-
Mercedes-Benz India Hikes Prices Of Its Cars By Up To 4 Per Cent
Revised prices to come into effect from September, 2018
-
Tata Motors Reduces Up To 1500 Employees As Part Of Restructuring Exercise
Tata Motors said that it has reduced its managerial workforce domestically by 10-12 per cent as part of an organisational restructuring exercise. The Indian automaker declared its financial results for the fourth quarter of 2016-17 and that's where the company Managing Director and CEO Gunter Butschek spoke about the reduction in workforce.
-
Mercedes-Benz Offers Extended Warranties Up To 6 Years With New Advanced Assurance Programme
Mercedes-Benz India has launched the Advanced Assurance Programme in collaboration with Reliance General Insurance and Daimler Financial Services India. Under the new programme, customers can avail of extended warranty packages going up to 6 years.
-
Arun Jaitley Announces Special Package For Andhra Pradesh
The centre has announced more financial assistance for Andhra Pradesh to make up for the loss in revenue that the state has suffered from the bifurcation to create Telangana, but opposition parties have made clear that nothing less than "special category status" for the state will do.
-
Before Bihar Elections, a Disapproval of Package Politics From RSS Chief
In the run up to next month's Bihar elections, Prime Minister Narendra Modi and Chief Minister Nitish Kumar have been exchanging volleys over financial aid packages to the state.
-
World Bank to Provide up to $2 Billion in Aid to Ukraine
The World Bank said Thursday it is prepared to provide up to $2 billion in financial assistance to conflict-torn Ukraine this year, part of an international package of support.
-
Cabinet may take up changes in Financial Restructuring Package next week: report
The changes in current Financial Restructuring Package (FRP) have been proposed to incorporate the outstanding liabilities of Jharkhand, Bihar, Karnataka and Andhra Pradesh electricity Boards for the last three-six months.
-
Yahoo CFO to be paid $18 mn over four years
Yahoo Inc Chief Financial Officer Ken Goldman will receive up to $18 million in salary, bonuses, restricted stock and stock options over the next four years, according to a regulatory filing.
-
Will Uttar Pradesh, Bihar get special financial packages for supporting Pranab Mukherjee?
The Prime Minister will discuss financial packages for Uttar Pradesh and Bihar at a meeting of top officials today. The timing of the meeting is piquant - the Presidential elections are now about a week away, and both states are ruled by parties that have pledged support to the ruling UPA's candidate, Pranab Mukherjee. Not on the list of states f...
-
Naveen Patnaik targets Pranab Mukherjee, questions financial packages given to states
Odisha Chief Minister and Biju Janata Dal (BJD) chief Naveen Patnaik has gone on the offensive by accusing UPA's presidential candidate Pranab Mukherjee of doling out lakhs of crores of rupees from Central funds as Finance Minister to states like Bihar, UP and Bengal to elicit support for his candidature.
