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The Latest Breaking News on Asian tech

ED seizes ₹62.52 crore assets of Farmax India Ltd. under FEMA

ED seizes ₹62.52cr assets of Farmax India, its promoters, directors under FEMA. 23 immovable properties, equity shares, shares of MSR India Ltd attached. Inquiry initiated over alleged fraudulent issuance of GDRs, non-utilisation of proceeds.

The Hindu

Showcause notices issued to Byju’s operators

The statement came hours after, through its X handle, Byju’s denied media reports insinuating any FEMA violation on its part.

The Hindu

Stock Market Today: Microsoft Gains Boost Stock Market

The blue chip stock popped on news the software giant has snagged OpenAI's ousted CEO to help lead an advanced AI research team.

Kiplinger

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Directorate of Enforcement attaches ₹ 757.77 crore worth properties of Amway India

ED attaches ₹757.77cr of Amway India's movable/immovable properties for allegedly running pyramid scheme. Complaint filed under PMLA 2002. Telangana Police had registered FIRs against Amway & its directors for cheating public by promising high commissions/incentives. ED investigation revealed MLM scheme instead of sale of goods & ₹2,859cr siphoned & parked…

The Hindu

Sahara chairman’s death worries small time investors, who say their refund claims are being rejected on a government portal

The news of Sahara Group chairman Subrata Roy’s death earlier this week has worried lakhs of small time investors

The Hindu

U.S. Opens Criminal Investigation Into Applied Materials Shipments to China Chipmaker

Applied Materials is under U.S. criminal investigation for supplying advanced fab tools to China-based SMIC, according to report.

Tom’s Hardware

Intel (INTC) vs. Taiwan Semiconductor Manufacturing (TSM) - Determining the Profitability of Chip Stocks

With the extensive use of chips in multiple applications and favorable government initiatives, the semiconductor industry is poised for robust growth and expansion. Chip stocks Intel (INTC) and Taiwan Semiconductor Manufacturing (TSM) will likely benefit from the industry tailwinds. However, which of these stocks is a more profitable investment. Read…

StockNews.com

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22 priority sectors identified for sustainable future of Kerala, says CM

Kerala govt. has identified 22 priority sectors to ensure sustainable future. CM Pinarayi Vijayan has implemented initiatives to create favourable environment for investments, reduce regulatory burden & promote economic growth. K-Swift & K-CIS have been introduced to streamline processes & eliminate corruption.

The Hindu

Bengaluru’s Namma Metro: A leap in connectivity, but challenges remain

The Namma Metro project envisioned almost two decades before its launch, marked a significant leap in Bengaluru’s transport infrastructure. It was on October 20, 2011, that the first stretch (Reach 1 between Baiyappanahalli and M.G. Road) was opened. Today, it’s India’s second-longest operational network, covering 73.81 km, after the Delhi…

The Hindu

Chip off the block: On semiconductor fabrication in India

The constellation of PLI schemes for manufacturing semiconductors in India have little to show for the outflow

The Hindu

Government committed to providing youth with technical education, says Minister

Stressing on the importance of youth getting technical education and developing entrepreneurial skills, Higher Education Minister M.C. Sudhakar said that his government was committed to changing the State’s education policy so as to make it provide required technical education and develop entrepreneurship among the students.

The Hindu

India, Malaysia looking at reviewing 2011 trade pact: Malaysian Foreign Minister Kadir

India and Malaysia are firming up a framework to conduct trade in national currencies and review the 12-yr CECA to include new domains. EAM Jaishankar and Malaysian FM discussed ways to boost ties, incl. defence cooperation. India provided 170,000 metric tonnes of non-basmati rice to Malaysia. FM Kadir said ASEAN…

The Hindu

Karnataka Deputy CM wrote to Foxconn for its Hyderabad unit’s relocation to Bengaluru, alleges KTR

K.T. Rama Rao reveals D.K. Shivakumar wrote to Foxconn to consider relocating their unit from Hyderabad to Bengaluru. He warned that if people support Congress in Telangana, governance will be from Delhi via Bengaluru. Foxconn had agreed to set up unit in Hyderabad, with production to start in May, providing…

The Hindu

Ability of MSMEs to adapt to changing environment triggers innovation: Rajnath Singh

Small industries have been showing ability to adapt to the changes more easily than large industries and it is the adaptability of small industries which increases the possibilities of innovation, said Defence Minister Rajnath Singh on Thursday while inaugurating the ‘India Manufacturing Show’ in Bengaluru.

The Hindu

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The Hindu

First edition of Kerala Retail Summit held in Kozhikode

MCC & RAI host 1st Kerala Retail Summit 2023 in Kozhikode to discuss reinventing retail biz. Kumar Rajagopalan, CEO, RAI, spoke of bridging digital-physical divide. M.A. Mehaboob, president of MCC, committed to nurturing prosperous & sustainable retail environment. T. Koshy, CEO - ONDC, spoke of transforming India's retail landscape. K.…

The Times of India

Mumbai: Employee booked for siphoning Rs 35.88 lakh from company's account to pay food bills for five years

MUMBAI: A woman employed as an executive with an international online shopping giant has been booked for allegedly siphoning off Rs35.88 lakhs by submitting fake invoices of different eateries and hotels. The Bandra Kurla Complex (BKC) police registered a first information report (FIR) against Sujitha Lambthure (34), a Worli resident,…

StockNews.com

3 High-Performing Chip Stocks – Buy Today

The increasing technological advancements and the rising investment in semiconductor manufacturing are expected to drive growth in the market. Thus, it will be wise to buy up high performing chip stocks like Taiwan Semiconductor (TSM), inTest (INTT) and Broadcom (AVGO) today. Read on.

The Hindu

Indian Railways fined ₹60,000 by Kerala consumer rights panel for deficiency in service

Ernakulam District Consumer Disputes Redressal Commission rules in favour of the complainant, noting that the Indian railways authorities had failed to provide timely information about the delay and had not made alternative arrangements for the passengers. The commission ordered the Indian Railways to pay ₹60,000 as compensation for the inconvenience…

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The Hindu

Karnataka constitutes 9 vision groups to boost industrial growth

Large & Medium Industries M.B Patil said the government is trying to make Karnataka the top destination for future-tech manufacturing in Asia, through equitable and sustainable growth.

Dynamite News

Dynamite News Celebrates 8th Anniversary Today: Illustrious success in short span

Today is the 8th Anniversary of Dynamite News Group. On this occasion, ‘Dynamite News Day’ is being celebrated across the country. Dynamite News, which started from Delhi, today stands at the pinnacle which is generally not achieved by everyone. How did Dynamite News establish itself in the media industry? Read…

The Hindu

TIDCO invites EOI for allotment of industrial plots at Karani village

TIDCO invites EOI for industrial plots in Karani village, Tiruvallur district. Focus on strategic electronics, drones, urban air mobility. Land to be leased for 99 years, lease rental approx. ₹95 lakh per acre. Eligible for incentives under TN Aerospace & Defence Industrial Policy 2022. 250-acre land close to Chennai-Kolkatta highway,…

The Hindu

5-star hotel, trade centre proposed in Hyderabad Knowledge City

StockNews.com

3 Semiconductor Stocks Packed With Momentum

The semiconductor industry is well-positioned for long-term growth thanks to the growing application of chips in different sectors and the widespread adoption of advanced technologies. Hence, it could be wise to buy fundamentally strong semiconductor stocks Cohu (COHU), Amkor Technology (AMKR), and inTEST (INTT), given their strong momentum. Read more.

StockNews.com

Evaluating 3 Semiconductor Stocks Set to Make Potential Gains

The growth of the semiconductor industry is anticipated to be bolstered by growing consumer desire for electronic equipment, the introduction of cutting-edge technologies, and government support. Given this backdrop, quality semiconductor stocks NXP Semiconductors (NXPI), Applied Materials (AMAT), and Everspin Technologies (MRAM) could be solid buys now. Read on….

StockNews.com

3 Chip Stocks Showing More Gains Than Micron Technology (MU)

The chip industry is buoyed by rapid technological advancements and conducive government policies. Against this backdrop, investing in robust chip stocks Cohu, Inc. (COHU), Taiwan Semiconductor Manufacturing (TSM), and Nikon Corp (NINOY) instead of Micron Technology (MU). Keep reading….

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