Big ‘Make in India’ push! Cabinet approves four new semiconductor projects; cumulative investment of around Rs 4,600 crore eyed – check details

The approval of these projects will substantially strengthen the country’s semiconductor ecosystem. (AI image) Prime Minister Narendra Modi-led Union Cabinet on Tuesday gave approval to four new semiconductor projects within the India Semiconductor Mission (ISM) framework. The semiconductor ecosystem in India is gaining attention, with six previously approved projects currently at different implementation stages. The…

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Ford bets big: To invest $2 billion in EV hub in Kentucky’s Louisville; aims sustainable, profitable electric line

The Ford Louisville Assembly Plant in Louisville, Kentucky. (Picture credit: AP) Ford Motor Company is set to spend nearly $2 billion converting its Louisville Assembly Plant in Kentucky into an electric vehicle (EV) production hub, marking a major shift after seven decades of making petrol-powered models there.Speaking to workers on Monday, CEO Jim Farley called…

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‘Can’t cross some red lines’: Government officials tell Parliamentary Panel on India-US trade talks; focus on export diversification amidst Trump tariffs

The officials addressed worries about a perceived decline in Indo-US relations. India-US trade deal talks: Senior officials from the central government, engaged in trade discussions with the US, have indicated that whilst the current phase in trade relations is challenging, India maintains certain non-negotiable positions. They have emphasised India’s dedication to resolving all pending matters…

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Fresh trouble for Russia-backed Nayara Energy! SBI stops trade & foreign currency transactions of Indian refinery; doesn’t want to risk US tariffs, EU curbs

Nayara Energy has been facing challenges since July, when the European Union enacted its 18th sanctions package. (AI image) Russia-backed Indian refinery Nayara Energy is faced with a fresh challenge. India’s largest public sector lender SBI has stopped processing international trade and forex transactions for Nayara Energy following recent US tariff hikes. The bank’s decision…

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Markets watch: Japan’s Nikkei 225 reaches record high, Asian stocks rise; crude gains as US-China tariff truce lifts sentiment

Asian stocks mostly gained on Tuesday, with Japan’s Nikkei 225 (.N225) hitting a fresh all-time record high after US President Donald Trump extended a tariff truce with China for another 90 days, a move that eased trade tensions between the world’s two largest economies and steadied oil prices. The Nikkei jumped as much as 2.8…

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Gold price prediction today: Where are gold rates headed on August 12, 2025? Here’s the outlook

Gold price prediction: Gold is still caught in its nearly 12-week-old range of $3,250-$3,450. (AI image) Gold price prediction today: Gold rates are stuck in a range despite spurts of positive upside. Praveen Singh, Senior Fundamental Research Analyst- Currencies and Commodities at Mirae Asset Sharekhan shares his views on gold price outlook and what levels…

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‘They’ve been dealing quite nicely’: US extends China tariff truce by 90 days; Trump-Xi summit on cards?

File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump on Monday signed an executive order extending a trade truce with China for another three months, averting the immediate threat of escalating tariffs and export controls that have rattled global markets. The pause, now set to last until November 10, gives Washington…

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