Bengaluru, Apr 29 (PTI) Storage chip company Micron on Friday said it sees growth opportunities in the country and plans to hire over 1,800 engineers in the next two to three years. During a virtual address at the Semicon India 2022 conference, Micron Technology President and CEO Sanjay Mehrotra said that the company sees the [...]
Mumbai, Apr 29 (PTI) Price stability is a necessary precondition for strong and sustainable growth, an RBI report said on Thursday while stressing a series of structural reforms to nurture a durable recovery post-COVID."A feasible range for medium-term steady-state GDP growth in India works out to 6.5 - 8.5 per cent, consistent with the blueprint [...]
Mumbai, Apr 29 (PTI) The recent hike in the subsidy for NPK fertilisers to Rs 60,900 crore for the first half of this financial year, which is way above the budget for this year, is a positive step for the fertiliser sector, India Ratings and Research (Ind-Ra) said in a report. Around Rs 42,000 crore [...]
New Delhi, Apr 29 (PTI) The government may not auction spectrum frequency range between 27.5-28.5 gigahertz and leave it for satellite services, according to official sources.The Telecom Regulatory Authority of India (Trai) had recommended a base price for this frequency range and suggested that it can be used for both mobile as well as satellite [...]
Market to expand to USD 150 billion giving impetus to FinTech careers Bengaluru, Karnataka, India (NewsVoir) The Banking, Finance Services, and Insurance (BFSI) industry have taken a quantum leap in transitioning to FinTech products and services. This includes an accelerated adoption to go digital and contactless owing to the pandemic and the consequent lockdown. India’s [...]
New Delhi, Apr 29 (PTI) Regulator IRDAI on Friday increased the investment limit by insurance companies in financial and insurance activities to 30 per cent from the existing 25 per cent, a move aimed at providing greater flexibility to insurers to park their funds for better returns. "The authority... permits all insurers to have exposure [...]
Nagpur, Apr 29 (PTI) Vice President M Venkaiah Naidu on Friday said taxes needed to be collected to increase revenue but it must be done in a manner which is not arbitrary and unjust but transparent and user-friendly. Addressing the valediction ceremony of the 74th Batch of IRS (Income Tax) at NADT (National Academy of [...]
New Delhi, Apr 29 (PTI) NTPC GE Power Services has inked an agreement with the Lake Region Economic Bloc to explore business opportunities in the renewable sector in Africa."NTPC GE Power Services Limited (NGSL), a 50:50 JV between NTPC and GE Power India Ltd, has signed a Memorandum of Engagement (MoE) with The Lake Region [...]
Asserting that the government has put in place a supportive policy environment, Prime Minister Narendra Modi on Friday urged the industry to make India a semiconductor hub of the world based on the principles of high technology, high quality and high reliability. In his inaugural address at the Semicon India-2022 conference here, Modi said the [...]
Mumbai, Apr 29 (PTI) Rising cases are "early hints" of a fourth wave of the COVID-19 pandemic but do not pose any near-term risk to India's economic growth, a Japanese brokerage said on Friday. However from a medium-term perspective, there are headwinds for growth like high inflation, weak private capex and slower global growth, Nomura [...]
