Business

India Semiconductor Mission (ISM) 2.0 will prioritise building domestic chip design capabilities, strengthening the semiconductor ecosystem and expanding the talent base, Union Minister Ashwini Vaishnaw said on Saturday, outlining the government’s next phase strategy for the sector.Speaking at a Qualcomm event in Bengaluru, Vaishnaw said the upcoming phase of the programme will place design-led growth…

Union Commerce and industry minister Piyush Goyal said India’s approach to information and communication technology (ICT) product access is focused on safeguarding domestic interests while ensuring the country secures critical technologies needed for economic and national security priorities.Speaking in Delhi, Goyal said policy direction in the sector is aimed at protecting India from countries that…

State Bank of India (SBI) reported a 24% year-on-year record (all-time high) standalone net profit of Rs 21,028 crore for the December quarter of FY26, reflecting steady growth in core income and recovery trends.On a consolidated basis, the state-owned lender posted a 13.06 per cent rise in profit to Rs 21,317 crore during the quarter,…

India and the United States on Saturday issued a joint statement outlining the details of the recently announced trade pact, under which tariffs on Indian products entering US will drop from 50% to 18%. The development follows months of negotiations that started back in February 2025. For India, the deal will reduce duties on a…

NEW DELHI: India will eliminate or reduce tariffs on a wide range of US food and agricultural products, a move that is expected to make several American imports cheaper for Indian consumers, according to a joint statement released by India and the United States on Saturday announcing the framework for an interim trade agreement.Products that…

India and the United States released a joint statement on Saturday, announcing the framework for an interim trade agreement. Under the newly announced trade pact, tariffs on Indian goods will drop from 50% to 18%. “The US and India are pleased to announce that they have reached a framework for an Interim Agreement regarding reciprocal…

NEW DELHI: Govt has received financial bids for the strategic disinvestment of IDBI Bank, signalling progress in the stake sale process of the lender.“They will be evaluated as per the prescribed procedure,” secretary, department of investment and public asset management (Dipam), said on microblogging site X while announcing that bids have been received. He did…