Business

The Centre has approved a third electronics manufacturing cluster for Tamil Nadu, Union Minister Ashwini Vaishnaw said on Tuesday, reinforcing the state’s growing role in India’s electronics production landscape. The move aligns with Prime Minister Narendra Modi’s vision of making Tamil Nadu a major electronics manufacturing hub, he added.Vaishnaw, who holds the portfolios of Information…

The United States has been unsuccessful for over ten years in establishing an alternative source to China’s provision of specific rare earth materials. (AI image) China’s monopoly and stringent control on rare earth minerals is causing a major military problem for the US, and it doesn’t seem that this vulnerability is going to be addressed…

Both countries have agreed to maintain negotiations to swiftly conclude the first phase of the BTA. (AI image) India-US trade deal soon? During week-long discussions on the proposed bilateral trade agreement, Indian and American teams deliberated on various aspects including market access, digital commerce, and customs facilitation procedures.To progress towards finalising a comprehensive BTA, a…

BENGALURU: Byju’s has sold its US-based subsidiaries, Epic and Tynker, as part of US bankruptcy proceedings, in what appears to be a fire sale. This marks the latest step in the Indian edtech company’s asset liquidation following its financial collapse. Epic was acquired for $95 million by the Chinese education firm TAL Education Group, while…

The ministry of Housing and Urban Affairs on Tuesday issued a detailed advisory to repurpose the Special Purpose Vehicles (SPVs) created under the Smart Cities Mission, aiming to leverage their institutional capacity for long-term urban transformation even after the scheme’s closure on March 31. The advisory encourages states and Union Territories to identify pressing urban…

India’s largest automaker Maruti Suzuki is slashing the production forecast for its upcoming electric SUV e-VITARA, amid a critical shortage of rare earth magnets, according to industry sources. The company now aims to roll out 8,000 units by September, down sharply from the originally planned 26,000+ units.The automaker, however, plans to meet its full-year production…

HYDERABAD: Japanese life insurance player Dai-ichi Life Group has signed a multi-year agreement with French IT services major Capgemini to set up its first global capability centre (GCC) outside Japan in Hyderabad as part of efforts to accelerate its digital transformation globally.The GCC, set up on a build-operate-transfer model, was opened today at Capgemini’s facilities…

India will remain the fastest-growing major economy in 2025–26 with a projected GDP expansion of 6.3%, the World Bank said in its latest Global Economic Prospects report, while warning that rising global trade barriers and weaker demand from key export partners are likely to dampen external sector momentum.The projection for India remains unchanged from the…

India’s household debt levels have risen steadily in recent years, but the underlying credit quality and loan composition suggest the increase is not alarming, the State Bank of India said in a report released Monday.The analysis, citing Reserve Bank of India data and internal assessment, stated that household debt remains “manageable and not worrisome,” with…

Investors are watching China-US trade talks in London that could have a huge impact on the global economy as early trading on Wall Street was mostly flat. Futures for the S&P 500 and the Nasdaq each inched up 0.1% before the bell Tuesday, while futures for the Dow Jones Industrial Average were essentially flat.A second…