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Tata Electronics in talks to raise $2 bn
Mumbai: Tata Group's semiconductor business is in initial discussions with domestic and international banks to raise up to $2 billion through multiple loan tranches to fund its expansion plans, according to people familiar with the discussions.The first tranche is likely to be up to $800 million, with initial pricing discussions around SOFR plus 180 basis points. The talks are at an early stage, with the final size, pricing and lender participation yet to be firmed up. The loan could be priced at around 6%, assuming SOFR remains at around 3.9%.Also Read: Life insurers post 26 pc growth in new business premiums to Rs 42,914 crore in OctoberA Tata spokesperson did not immediately respond to a request for comment.135747359Tata Electronics, a wholly owned subsidiary of Tata Sons, has signed a definitive agreement with Taiwan-based Powerchip Semiconductor Manufacturing Corporation (PSMC) for its proposed semiconductor fabrication plant in Dholera, Gujarat. The agreement will enable Tata Electronics to bring semiconductor manufacturing technology and expertise to India and cater to global customers, the company said.Also Read: When every bank has an app, what actually makes digital banking different?The plant is being developed with a planned capacity of 50,000 wafer starts per month, with PSMC serving as its technology partner, India Ratings said in a report.The project, estimated to cost 91,000 crore, will manufacture 12-inch wafers using technology nodes ranging from 28 nm to 110 nm for applications such as power management chips and microcontrollers. It will be funded through equity, long-term debt and capital subsidies from the central and Gujarat governments under their respective semiconductor incentive schemes, the rating agency said.Tata Electronics' liquidity is supported by unencumbered cash balances of 2,845 crore at the end of FY25, up from 1,485 crore a year earlier, timely equity infusions and its ability to raise working capital limits and long-term debt. The company had debt repayment obligations of 1,297 crore in FY27 towards term loans and external commercial borrowings as of September 30, 2025, the rating agency said.
The Post office time deposit offers assured returns, with different interest rates across tenures. Check how much you can earn on a one-time investment of 1 lakh.
Tanishaa Mukerjis Mumbai residence beautifully blends aesthetic appeal with understated sophistication. The actress, who is Bollywood star Kajols sister, recently offered a glimpse into her sprawling home, welcoming filmmaker Farah Khan, along with her assistant and cook, Dilip, for a house tour earlier this year.
Fraud through calls, messages a global threat: MoS Telecom
Minister of State for Telecom Chandra Sekhar Pemmasani highlighted the threat of fraudulent activities at the ITU Plenipotentiary Conference. He emphasized the importance of trust in technology alongside expanding telecom network coverage. India's fraud alert system has successfully prevented significant monetary losses in recent years. The digital infrastructure in India has seen massive growth, with internet subscriptions reaching over 1.1 billion.
CoreWeave shares surge over 26%, spark rally in battered AI cloud stocks
CoreWeave shares surged more than 26% on Wednesday, fuelling a rally in battered AI cloud stocks after heavy infrastructure spending delivered strong revenue growth and the company signalled a retreat from the borrowing spree that had raised fears of an artificial intelligence bubble, Reuters reported.CoreWeave shares were trading at $61.61, up $12.88 or 26.43% over the previous close.The results also helped lift Nvidia, a major CoreWeave backer, by 2%. Nvidia had fallen sharply over the previous two sessions amid uncertainty surrounding CEO Jensen Huang following reports about his relationship with a Chinese businesswoman alleged to have ties to Beijings intelligence apparatus.Shares of other so-called neocloud companies, including Nebius and Iren, also rallied after weeks of pressure. Investors have worried that their debt-funded data-centre expansion could backfire if demand for AI computing weakens.For live updates on US Markets, click hereCoreWeaves earnings directly addressed the fear thats driven this whole selloff, said Dan Sheehan, director of portfolio management at Telos Wealth Advisors, according to Reuters. The neocloud that became the poster child for AI financing worries took real weight off the fear that had been the heart of the selloff.Democrats sweep of last weeks US midterm elections had further unsettled the industry. Several victorious candidates campaigned for stricter regulation and moratoriums on new data-centre construction, including in Texas, a key market for the sector.CoreWeave CEO Michael Intrator told Reuters on Tuesday that increased regulatory scrutiny could slow data-centre development across the industry. However, he did not expect it to significantly affect the companys expansion plans or raise costs.Intrator said CoreWeaves planned capacity additions over the next year would remain unaffected.Also Read: Is AI wheel broken? Julius Baer flags 3 variables shaping AI investments ahead of Anthropic IPOThe company also said it would avoid unsecured debt markets following a recent surge in borrowing costs. Cash flow from existing contracts would cover repayments on both current and future debt, it addeda financing plan analysts described as credible.CoreWeave delivered about the best quarter we could have asked for. Stats were good-to-great, funding concerns were addressed and the strategic moves make sense, Bernstein analysts led by Madison Rezaei said in a client note.However, they warned that CoreWeave will be among the first and hardest hit once the shortage of AI computing capacity eases.The risks of mistiming AI investments were evident on Tuesday when SoftBank recorded a $3.7 billion write-down on non-refundable payments for equipment intended to power its US data centres. The charge contributed to a second-quarter net loss of $7 billion, the companys first in nearly two years.Uncertainty surrounding Huang has also weighed on the AI sector. The controversy intensified on Tuesday after reports alleged that his relationship helped facilitate billions of dollars in Nvidia chip shipments to China.Republican US Senator Kevin Cramer, a member of the Senate Banking Committee, called on Huang to step down as Nvidia CEO.For now, CoreWeaves results have given AI infrastructure investors some relief. Nebius, Iren, Oracle and Applied Digital climbed between 6% and 14%.With the exception of Nebius, the stocks had fallen between 32% and 48% this year through Tuesday. Nebius, by contrast, had gained 60%.Together, the companiesincluding CoreWeavewere on track to add about $36 billion in market value if the gains held. Nvidia alone was positioned to gain nearly $100 billion.Nebius is scheduled to report its results before Thursdays opening bell.(Disclaimer: This article is based on inputs from agencies. These do not represent the views of The Economic Times)
Two automotive manufacturers have committed to invest a total of Rs 1,370 crore in Tamil Nadu. Hwashin Automotive India will invest approximately Rs 850 crore over the next five years for various advancements. Seoyon E-Hwa Summit plans to invest around Rs 520 crore in technology upgrades and new business developments. The investments reflect the state's ongoing appeal to automotive investors.
USFDA classifies Aurobindo Pharma's US facility as 'official action indicated'
The facility belongs to Lannett Company LLC, a wholly owned step-down subsidiary of Aurobindo Pharma. The US Food and Drug Administration (USFDA) conducted the inspection at the Seymour facility from August 17-21, 2026, Aurobindo Pharma said in a regulatory filing.
Rupee hits 93.69, seven-month high on FPI inflows, lower oil prices
Foreign institutional investors have poured nearly $6 billion into Indian equities in November, their biggest monthly investment since September 2024. Despite the recent gains, the rupee remains down around 4% year-to-date, while analysts warn it could weaken to 100 against the dollar by June 2027.
CII underlines role of airports for Tamil Nadu to achieve $1.5 trillion economy goal
CII moots expansion project at Chennai International Airport, entailing construction of Terminal 5 and an underground metro line linking the new terminal with existing airport facilities and the metro rail network, akin to the models at Stockholm Arlanda Airport in Sweden and OHare Airport in the U.S.
5 Photos From Anirudh Ravichander-Kavya Maran's Wedding That Look Straight Out Of A Fairytale
5 Photos From Anirudh Ravichander-Kavya Maran's Wedding That Look Straight Out Of A Fairytale
SS United States: Why the historic ship is sinking
India raises fertilizer subsidy by 64%, vastly overshooting budget estimates amid global price surge
Doubles subsidy on nitrogen, 25 per cent up in phosphorus, 3-times more for sulphur
Net direct tax collections rise 11.8% to 14.42 trillion as of November 10
Gross direct tax receipts rise 14% to 17.50 trillion, while refunds jump 25.9%; net collections reach 53.5% of FY27 Budget target, with corporate taxes leading growth
Odisha signs pact with Japan's Tottori to boost investment, technology ties
Agreement seeks to strengthen investment, startup and technology partnerships, skill development and overseas employment as an 80-member Japanese delegation visits Odisha
Air Indias H1 FY 27 reduces by around 2,000 crore, helps Singapore Airlines offset profit decline
Singapore Airlines owns 25.1 per cent stake in Air India and records its share of profit or loss in the Indian airline in its consolidated result
Combining AI with GIS to solve real-time farm problems - the Farmwise AI way
The Chennai-based startup has attracted attention after its founder Anand Vetrivel interacted with Prime Minister Narendra Modi during the inaugural run of the yellow Chennai Metro Line
COP31 leaders try out new sales pitch for climate action: do it for the economy
Leaders at the COP31 summit in Turkey are trying out a
Scotch imports: Finance, Commerce Ministries look for resolution as Diageo, Pernod shipments held up
Dispute over classification of imports threatens a key concession of the India-UK free trade deal
Cabinet clears 2,390 crore Noida Metro Aqua Line expansion over 8.5 km
The 8.5-km extension from Noida Sector 51 to Greater Noida Sector 4 will add five stations and connect commercial hubs, offices, hospitals and residential areas over four years
India's net direct tax collections rise 11.8% from April 1 to Nov 10
India's net direct tax collections rose 11.8% year-on-year to 14.41 trillion Indian rupees ($153.71 billion) between April 1 and November 10, the country's tax
Govt extends Stand-Up India scheme till 2031, approves 4,111 cr corpus
Union Cabinet approves five-year extension of Stand-Up India scheme with 4,111 crore credit guarantee corpus, targeting financial assistance to 250,000 additional entrepreneurs
Music composer Anirudh Ravichander and Sunrisers Hyderabad co-owner Kavya Maran have tied the knot in an intimate destination wedding in Greece on November 11. Anirudh shared the first official wedding photograph on Instagram with the message, My once in a lifetime, for a lifetime 11.11. The picture shows the newlyweds in traditional ivory and blush-pink outfits.
India simplifies its visa processing facilities
Nutrifresh plans 150-acre expansion across South India
Plans to bring 150 acres under polyhouse cultivation for fresh produce across Bengluru, Hyderabad and Chennai by March 2028
Equity mutual fund inflows fell 14% to 32,994 crore in October as small- and mid-cap investments declined. However, large cap funds witnessed a rise. Here's what changed this month.
Gaurav Munjal steps down as Unacademy CEO
These funds will now be available till March 31, 2031
Rupee outperforms most Asian peers as foreign inflows boost sentiment
Rupee strengthens to a seven-month high, supported by foreign portfolio inflows and positive market sentiment despite a stronger US dollar
RBI Allows NEFT For Walk-In Customers
The Reserve Bank of India has issued new Domestic Money Transfer (DMT) Directions, 2026, allowing walk-in bank customers to remit up to Rs 50,000 to a beneficiary's account via NEFT. These guidelines aim to harmonise existing instructions and facilitate small-value fund transfers, especially for individuals lacking formal banking access. The directives also cover cash pay-in and pay-out services through Business Correspondents and ATMs, while mandating robust safeguard systems for secure and timely transactions.
62.6% of three-wheeler retail sales in October was electric: FADA data
E3W sales in October 2026 rose 24.76 per cent to 88,570 units as against 70,995 units a year ago
India's renewable energy expansion averts $100 bn in fuel imports, savings seen at $240 bn by 2030
The findings underline the growing economic and energy-security dividends of India's renewable energy transition, with increased domestic electricity generation reducing exposure to imported fossil fuels and volatility in international energy markets.
Moody's retains India's FY27 growth forecast at 7% on resilient demand
Rating agency cites robust consumption, improving private investment and resilience to the energy shock, but flags inflation, monsoon risks and tighter monetary policy
No Iranian assurance yet on safe passage for Indian ships through Strait of Hormuz
New Delhi is continuing to seek security for its seafarers and cargo
Walmart's youngest manager earns 6-figure salary
Bitcoin price today: Why is BTC down to lowest in 2 months? Ethereum price crashes too
Crypto market is undergoing extreme volatile mode. Top cryptocurrency assets such as Bitcoin and Ethereum were down after the CPI report reveals shocking US inflation data.
Amul hikes milk prices by Rs 2-4 per litre from Nov 12
A research team from MIT has mapped the lineage of over a million cells in mouse embryos. This extensive study reveals how cells decide to form specific tissues during development. The new technique allows scientists to identify where developmental errors occur, which may lead to birth defects. It also provides insights for cancer research by highlighting early changes in healthy cells.
The State governments proposal is in contrast with airport operators plan
Veterans Day 2026: Where veterans eat free today
Tata makes power move in Maharashtra, worth crores
Indonesia encourages MotoGP as a creative economy development platform
Political tension over VP Gibran won't hit economy, minister says
India remains unfazed by energy shock, economy to grow at 7%
India's economic growth forecast has risen to 7%. A recent Moody's report also praised India's performance. This growth, despite the energy crisis, is commendable.India's GDP forecast raised again.Good news has emerged regarding India's economy. Since the beginning of this year, th...
Andhra Pradesh targets 10 trillion investment commitments at CII summit
Andhra Pradesh expects investment commitments worth 10 trillion at the two-day CII Partnership Summit in Visakhapatnam, bringing together investors and delegates from 58 countries
Are schools open on Veterans Day 2026?
India needs suitable evaluation matrix for awarding exploration and mining projects: NITI CEO
NITI Aayog CEO Anurag Jain underscored the development of an evaluation matrix for gold mining projects. The focus is on promoting technical competence and sustainable development of gold resources in India. Discussions revolved around improving geological data and regulatory approvals within the mining sector. The meeting also addressed the country's growing dependence on gold imports and limited exploration efforts.
Odisha Celebrates Mandia Diwas 2026: A Milestone for the Nutri-Cereal Economy
The second and concluding day of the 5th edition of Mandia Dibasa (Millet Day) concluded on a high note at the Mayfair Convention in Bhubaneswar, drawing policymakers, agricultural experts, researchers, and progressive farmers from across the region. Organised by the Department of Agriculture and Farmers Empowerment, Government of Odisha, the two-day convention centred around the [] The post Odisha Celebrates Mandia Diwas 2026: A Milestone for the Nutri-Cereal Economy appeared first on Pragativadi I Latest Odisha News in English I Breaking News .
No temp control for 36 hrs: 2K kg chicken destroyed
HDFC Bank has raised its MCLR by 515 basis points across all seven tenures, effective November 7. Check new rates here.
Life insurers post 26 pc growth in new business premiums to Rs 42,914 crore in October
New business increased to Rs 42,914 crore in October this year, compared to Rs 34,007 crore in the corresponding month last year, according to data released by the Life Insurance Council.
Namo Bharat crosses 5-crore passenger mark, adds latest crore in record 93 days
The Namo Bharat corridor has recorded over five crore passenger journeys since its inception in October 2023. The latest journey milestone was reached in just 93 days, marking rapid ridership growth. Significant increases in daily journeys were noted, with August witnessing 35.25 lakh passenger journeys alone. The corridor provides efficient connectivity between Delhi, Ghaziabad, and Meerut, enhancing urban transport services.
3 Indians safe after tanker attack scare in Hormuz
Three seafarers from India working on a Saudi Arabia-flagged oil tanker are safe following an attack against the ship in the Strait of Hormuz, according to Union Minister of State for Ports, Shipping, Waterways and Fisheries, Sarbananda Sonowal.The ship that was identified as NCC FAJR was said to be part of the alleged attack while sailing through the strategic water passage.In his post on the social media platform X, Sonowal said that the government has been continuously keeping in touch with the ship management firm to ensure the safety of the Indian seafarers.— sarbanandsonwal (@sarbanandsonwal) On Nov 11, Saudi Arabia-flagged oil tanker NCC FAJR, carrying 3 Indian seafarers, was involved in a possible attack while transiting the Strait of Hormuz. All 3 Indian nationals, along with the entire crew, are safe, he said.Sonowal mentioned that the government has taken necessary measures to stay abreast of the situation, and the security of the crew members is their primary concern.We are continuously monitoring the situation and remain in regular contact with the ship management company to ensure the ongoing security and wellbeing of our seafarers, he added.The Strait of Hormuz is an internationally important water passage joining the Persian Gulf and the Gulf of Oman. This strait is a vital transit point for oil shipments in the world.Iran reports oil tanker fire after alleged naval mine strikeIn a separate report, however, Irans military claimed that a ship carrying oil had been hit by a naval mine and set ablaze in the Strait of Hormuz. As quoted in a statement from Iranian state television, the incident took place in the eastern part of the strait, which is considered an unsafe and prohibited zone.An early morning today, an oil tanker violating this strait ignited because of hitting a naval mine in an unsafe and prohibited zone in the east of the Strait of Hormuz, Irans armed forces navy announced.The recent allegation was made amid the ongoing closure of marine navigation in the strategic water route as a result of the Middle East war that started in late February.The Trump administration has reacted by launching a naval blockade of the ports of Iran and assisting with the passage of the commercial tankers through the strait. American forces have also recently declared that all mines were cleared out of the Strait of Hormuz.Iran has issued several statements in the last few weeks concerning ships catching fire in the area, usually blaming it on the mines laid in the strait. IRGC, the revolutionary wing of Iran's military, has also reported on Tuesday that three other oil tankers caught fire in the strait.Strait of Hormuz remains crucial to global oil suppliesThe Strait of Hormuz links the Persian Gulf to the Gulf of Oman and acts as one of the busiest shipping channels in the world.In pre-war times, roughly one out of every five barrels of crude oil in the world transits through the strait. Consequently, anything that interferes with its operations becomes a matter of global concern in terms of energy markets and shipping.The United States has continued to escort ships through the waters in light of growing tensions.According to the US Central Command, in the previous month, it escorted shipments that led to the export of 1.5 billion barrels of oil through the Strait of Hormuz since the beginning of the summer season.The ongoing standoff has raised fears for the safety of commercial ships and sailors navigating the waters in the region.
Ukraine is more than real estate: Zelenskyy says ahead of talks
Rudrapur tops cleanest Himalayan cities list
Singapore Airlines flight makes emergency landing
Indian markets extend winning streak, Sensex, Nifty jump nearly 1%
Indian stock market benchmark indices Sensex and Nifty closed higher for the second consecutive day, driven by robust foreign fund inflows, better-than-expected Q2 corporate earnings, and a sustained moderation in crude oil prices.
Acceleration in clean technology needed to ensure decline in world's emissions: Study
Adopting clean energy solutions such as solar, wind, and electric vehicles can play a pivotal role in lowering carbon emissions. The Global Carbon Project highlights a concerning forecast of rising emissions in India that may exceed earlier predictions. While many nations are successfully decreasing fossil fuel emissions, a rapid shift to cleaner energy sources is critical, as our carbon budget is narrowing, demanding immediate action to meet 2028 emission goals.
Navi Mumbai bags cleanest city tag. Who came 2nd?
India's AI Readiness: Talent Is Key, Says BCG
India is ranked as a Rising Contender in AI by Boston Consulting Group (BCG), indicating high readiness but lower disruption exposure. The report highlights India's strength in its large pool of AI specialists and IT-services workforce. While not yet an AI Pioneer, India is leveraging its talent advantage, with government initiatives like Yuva AI for ALL and IndiaAI FuturesSkills aiming to upskill citizens and broaden access to AI education. The report emphasizes that execution and talent deployment are crucial for economies to gain ground in AI.
SFO Technologies, Cochin Shipyard unveil Indias first indigenous laser arc welding technology
The technology combines laser welding, conventional arc welding, robotics and automation, with applications spanning shipbuilding, defence, railways and energy sectors
Karnataka plans feasibility studies for 1,500 MW floating solar capacity
Karnataka is currently exploring the establishment of floating solar power projects aimed at generating 1,500 MW capacity. The initiative includes conducting feasibility studies and surveys for suitable reservoirs and water bodies. KPCL will evaluate technical aspects and environmental impacts as part of project preparation. This project reflects the state's commitment to innovative renewable energy solutions while optimizing land and water resources.
Heritage Foods sees Q3 realisations improving on price hikes
Buffalo population changes and the shift to cows affect milk fat availability, widening the supply gap, Heritage Foods CEO says
TNAU forecasts shallot prices at 60-65/kg during harvest season
Advises farmers to take appropriate selling decisions based on price outlook
How investors in India can compare forex investing spreads, execution, spreads, and hidden fees
An easy guide on understanding real investing costs, fund transfers, and platform performance across international investing brokers.
Beyond Business: The Leadership Philosophy of T. Kishan Singh
T. Kishan Singh highlights the influence of his father's dedication on his professional journey in the paper industry. He stresses the role of sustainable practices and customer relationships for long-term business success. Health and fitness are prioritized as essential elements for effective leadership and overall well-being. Singh shares that consistency and resilience are vital in navigating challenges, both personally and professionally.
Cabinet extends Mudra credit guarantee scheme till 2031 with 5,000 cr
The Cabinet has extended the Credit Guarantee Fund for Micro Units till March 2031 with a 5,000 crore corpus, aiming to facilitate 12.6 trillion in loans under the Mudra scheme.
Argentina, Malaysia overtake Indonesia as top veg oil exporters to India
Argentina became the largest vegetable oil supplier this year to India, fuelled by demand for soybean oil and cuts to export taxes increasing its competitiveness
Adani Ports can absorb Evos deal costs
New Delhi: Adani Ports and Special Economic Zone will bolster the scale and diversity of its international portfolio through the proposed acquisition of Evos BV, S&P Global Ratings said Wednesday.The company can maintain its financials and credit quality after the acquisition of the liquid storage operator, in our view, the rating agency said in a statement.Also Read: Adani Ports agrees to buy Dutch storage and terminal co Evos for $2.9 bnAdani Ports and Special Economic Zone Ltd (APSEZ) last week said it has agreed to acquire 100 per cent of the Netherlands-based Evos BV from Igneo Infrastructure Partners at an enterprise value of 2.56 billion euros, marking a major expansion of its international operations and giving it a significant presence in Europe's liquid storage and energy infrastructure market.While Netherlands-headquartered Evos has limited operating synergies with Adani Ports' operations in India, the deal is consistent with the latter's growth strategy. It will allow Adani Ports to diversify its liquids portfolio with exposure to the growing market for new-age transition fuels such as sustainable aviation fuel, biofuels, methanol and bioethanol.Also Read: Adani Ports' global biz sprints, but home is still where the money isAt the same, the deal expands Adani Ports' geographic footprint into more developed markets with stable operating environments, S&P said.The all-cash transaction is valued at an enterprise value of 2.56 billion euro, equivalent to around Rs 27,000 crore, implying an equity value of approximately 1.18 billion euro. The acquisition is scheduled to be completed within 15 months, subject to regulatory approvals in India and relevant foreign jurisdictions.By our calculations, international investments could increase to about 20 per cent of the total revenue of Adani Ports from 10-15 per cent at present. We forecast the company will maintain a healthy ratio of adjusted debt to EBITDA of 2.3x in fiscal 2028 (ending March 31) and 2.7x in fiscal 2029 post the acquisition, below our downside trigger of 3.5x, S&P said.The transaction, it said, remains aligned with Adani Ports' financial policy of maintaining a net debt-to-EBITDA ratio of below 2.5x, based on the company's calculations. Potential proceeds from the company's pending stake sale in Vizhinjam port can provide a cushion to absorb growth spending over the next two years.We estimate Evos will contribute about 9 per cent of Adani Ports' total EBITDA in fiscal 2029, supporting earnings quality. Evos benefits from high average commercial occupancy of 99 per cent and stable revenue, with a substantial portion of its storage capacity being under take-or-pay contracts which are linked to consumer price index inflation, the rating agency said.Evos' robust reported EBITDA margin of 56 per cent in 2025 is similar to Adani Ports' 59 per cent in FY26.
Stand-Up India scheme extended till 2031 to support 2.5 lakh new entrepreneurs
The extension is expected to improve access to institutional finance, encourage new business creation and generate employment among underserved communities
In Govindasamy's case, the Commission found that Tata AIG had failed to produce sufficiently reliable evidence to establish this alcohol consumption condition.
Mudra loan guarantee fee cut to 0.75%, scheme extended till 2031
The changes are aimed at lowering borrowing costs, expanding formal credit access and encouraging financial institutions to lend to micro enterprises.
Cabinet approves 62,370-crore fertiliser subsidy for Rabi season
The package includes Nutrient Based Subsidy (NBS) rates for phosphatic and potassic (P&K) fertilisers for the period October 1, 2026, to March 31, 2027.
Qualcomm layoffs: What severance package offers
Cabinet approves 62,370 crore fertiliser subsidy for Rabi 2026-27 season
The government said the move would ensure the availability of fertilisers to farmers at subsidised and affordable prices.
India will need additional 25,000 EV fast chargers in next 3 years: Exicom CEO
India is projected to require an increased number of DC fast chargers to support electric vehicle sales growth. An estimate suggests that around 25,000 more chargers will be needed over the next three years. This requirement accounts for the expected growth in passenger vehicles, buses, and trucks. Exicom Tele-Systems has supplied a significant number of charging stations and aims for ongoing growth in this sector.
ET AI Business Transformation Masterclass heads to IIM Bangalore to decode enterprise AI adoption
The AI Business Transformation Masterclass & Awards 2026 at IIM Bangalore will feature leaders from IndusInd Bank, PhonePe, PepsiCo, Shadowfax, Myntra, Shopify, NVIDIA and other organisations. Sessions will cover agentic AI, voice technology, supply chains, contextual commerce and physical AI, followed by the ET Most Innovative AI Product Awards 2026.
Andhra Pradesh converts 74% investment proposals, secures Rs 17.2 trillion
Andhra Pradesh has successfully converted 526 out of 714 investment projects received since June 2024, achieving a conversion rate of nearly 74 per cent by project count. These projects represent investments worth Rs 17.2 trillion with an employment potential of 1.93 million jobs, showcasing the state's commitment to translating investment commitments into on-ground projects.
China's central bank vows to step up policy support for the economy
China's central bank vowed to step up counter-cyclical adjustments, expand domestic demand and optimise supply to strive to achieve the annual economic development goals, according to its third-quarter monetary policy implementation report released on Wed
Robert Vadra recalls Sushma Swaraj's vow if Mother-in-law Sonia Gandhi became PM, reacts to memoir
SC slams forum shopping, transfers commercial lawsuit from Delhi HC to Madras HC
The Supreme Court addressed the practice of forum shopping in its recent order regarding a commercial suit. The court transferred the case from Delhi High Court to Madras High Court to ensure appropriate jurisdiction. Both parties involved in the suit were located in neighboring states of Tamil Nadu and Karnataka. The ruling emphasized the importance of having cases heard in relevant local courts.
Gym closes 15 mins earlier, court orders it to pay
Pochettino in frame to replace Carrick as Manchester United manager amid growing speculation
Manchester United has opened talks with Mauricio Pochettino regarding the managerial position currently held by Michael Carrick. Carrick's management has faced scrutiny due to the club's poor start in the season. The team is currently in the relegation zone after a series of winless matches. A decision regarding Carricks future is expected to be made soon by the club's executives.
Amul, Mother Dairy to raise milk prices by 2-6 per litre from November 12
Rising milk fat prices, higher cattle feed costs and supply constraints have added to the financial burden on dairy companies.
India blocked 129 betting websites on basis of fake high court orders: Report
India's government ordered internet providers to block 129 betting websites based on fraudulent high court orders. Investigations have been initiated after it was revealed that these court orders were fake. The Rajasthan and Allahabad High Courts confirmed that the supposed orders did not exist in their records. Concerns about the authenticity of legal documents are growing due to technology advancements.
Finance Ministry makes EVs default choice for staff cars, doubles price ceiling to 20 lakh
The revised procurement rules aim to accelerate electric mobility across central government departments while allowing exceptions where conventional vehicles are necessary
Volunteers from around the world are actively participating in the Space Warps project to analyze galaxy images. They help identify rare gravitational lens candidates using data from the Euclid Space Telescope. This collaboration combines human observations with machine-learning systems for more accurate results. The project emphasizes the importance of citizen science in exploring vast astronomical datasets.
Climate crisis is outrunning world, UN chief Antonio Guterres warns leaders at COP31
UN Secretary-General Antonio Guterres addressed world leaders at the COP31 summit in Turkey regarding climate change action. He warned that the slow international response threatens the planet's future and urged countries to implement clean energy solutions. Negotiators from nearly 200 nations are currently seeking agreement on enhancing electricity's role in global energy consumption. The summit occurs amid significant geopolitical challenges and alarming climate data highlighting increasing global temperatures.
Two days past Deepavali, NPCI yet to announce a date for UPI MDR rollout
About a month ago, when the NPCI had pushed back the rollout of MDR from its original date of October 15, it had said it would be implemented immediately post Diwali
Noida-Greater Noida Metro gets 2,390 crore boost
India eyes wind turbine upgrades to boost output, overcome land hurdles
The proposed upgrades could help India overcome land acquisition hurdles, improve wind power generation and address electricity supply gaps after sunset
