India is all set to make its presence felt in the $47 billion global outsourced semiconductor testing and packaging market, an arena where Malaysia and Vietnam have been way ahead so far. The Cabinet last Thursday cleared two projects, the Tata's assembly testing and packaging plant (ATMP) and the Murugappa-owned CG Power with Renesas from Japan as its tech partner. These, together with Micron's assembly and testing plant which is already being constructed in Sanad in Gujarat, will collectively invest Rs 47,300 crore to set up the factories.
Vietnam on Tuesday invited Indian industry to invest in the country saying it offered enormous business opportunities, particularly in the field of oil and natural gas, steel and information technology.
Rohan Bopanna and Pablo Cuevas shocked top seeds Marcelo Melo and Lukas Kubot to storm into the semi-finals of the Erste Bank Open
Prime Minister Narendra Modi has said that the Quad is not against anyone, but for a rules-based international order and respect for sovereignty, in a veiled reference to China.
Rediff.com's Saisuresh Sivaswamy, who travelled with Vice President Hamid Ansari as part of his media entourage during his recent trip to Vietnam, shares his experiences.
'Volumes in F&O trading had gone up rapidly and, in a way, the increase in STT on F&O will protect investor interest.'
Tata Steel has lost the bidding battle for Vietnam's Vinausteel and SSE Steel after losing a vote on the resolution for its sale and purchase agreement by Vietnam Industrial Investments, the parent company of the two steel makers.
India's leading steel companies hope the Modi 3.0 Budget will continue the massive capital expenditure currently underway, focusing on infrastructure development, manufacturing, and fair trade. The infrastructure segment is the largest steel user, and the government's focus has fuelled steel consumption even as international markets have underperformed. According to provisional statistics, steel consumption grew 13.6 per cent in FY24, reaching 136 million tonnes (mt), according to a CRISIL report.
Oil Minister Murli Deora flew into the Vietnamese Capital this morning with heads of bluechip Indian oil firms to lay a claim with Hanoi on BP's stake in two offshore gas fields, a pipeline and power project -- together referred as Nam Con Son, Vietnam's largest gas project.
Vietnamese Prime Minister Nguyen Tan Dung on Wednesday assured Finance Minister Pranab Mukherjee that land acquisition issues for the proposed Tata Steel plant in the neighbouring country would soon be resolved.
The nature of war and its purpose remains unchanged. The change is in the character of war in terms of a man-machine mix, domination of sensors and certain automation of the tactics and methods of war, points out Colonel Anil A Athale (retd).
Indian shuttlers Ajay Jayaram and RMV Gurusaidutt entered the semi-finals of the Vietnam Open Grand Prix, but it was curtains for their female counterparts at Ho Chih Minh city on Friday.
Harika lost 1-0 to China's Hou Yifan
Vietnam-based electric vehicle maker VinFast, a rival of Tesla in the global market, has set foot in India and began work on building its Rs 16,000 crore EV manufacturing facility at Thoothukudi in Tamil Nadu. The company has already sought a reduction in import duties on its cars for about two years until customers get familiar with the brand and its unit in the state. The global major kicked off the construction of the first phase of its integrated EV hub, which may see Rs 4,000 crore of investment initially and will create more than 10,000 jobs.
As Prabhakaran was leaving his house, Rajiv Gandhi called his son Rahul and asked him to fetch his (Gandhi's) bulletproof jacket. He put the jacket on Prabhakaran's back and remarked with his usual charming smile: "Take care of yourself."
Vietnam Prime Minister Nguyen Tan Dung, who undertakes his maiden visit to India early next month, has sought Indian investment in its energy sector, including civil nuclear power.
The agreement between the two airlines came on the second day of the four-day state visit of Mukherjee to the country.
Manu Bhaker marched into the final of women's 10m air pistol event at the Olympics after finishing third in qualifications on Saturday.
The simmering row between China and Vietnam over the disputed South China Sea came to the fore on Tuesday with Hanoi protesting over a Chinese patrol vessel firing on its fishing boat and Beijing defending its action as "legitimate and necessary" to protect sovereignty.
Hospitality players want the government to accord infrastructure status to hotels to make investments on new properties more attractive rather than categorising them as luxury or even 'sin goods' in the upcoming Union Budget considering the sector's potential to play a key role in India's growth. They also want the government to consider incentives in the form of tax breaks or subsidies for adopting sustainable and eco-friendly practices, while asserting that the upcoming budget must accelerate the tourism agenda saying it is an opportunity to make Indian hospitality the emerging engine for GDP growth and employment generation.
The young beauty readies herself for the upcoming Miss World contest.
Essar Steel said on Monday it has joined hands with two state-run Vietnamese companies for setting up a two million tonne steel plant in southern Vietnam at a cost of $527 million (about Rs 23.71 billion).
The Indian information technology industry will need to move up the value chain to tackle competition from countries like China, Philippines and Vietnam, said Ratan Tata.
Vice President Hamid Ansari on Thursday morning visited the historic Cu Chi camp 50 kilometres from Ho Chi Minh City, the former Saigon, where an intricate network of underground tunnels barely enough for small-built human beings to move were built over 20 years -- from the 1940s to the 1960s -- by the locals to frustrate first France's and then America's military.
With the Ram Mandir scheduled to open its doors to visitors in January, Ayodhya is expected to welcome travelers both from India and abroad.
China, which is the second highest spender on defence after the United States, has allocated 1.67 trillion yuan (about USD 232 billion) for defence spending.
Monday's timing will put India in the 21st place in the Road to Paris list of World Athletics while the aim was to be either in the 15th or 16th spot. India, thus, is in a difficult position to make the Paris cut.
India continues to occupy the second spot with 9 match points (2 match points for a win and 1 for a draw) behind Iran (10 MPs).
The Brazilian striker is alleged to have resorted to unfair methods to swap clubs.
India SME Forum, an organisation for small and medium businesses, has called for creating a dedicated fund of Rs 5000 crore for the export capacity development, promotion, and marketing of Micro, Small & Medium Enterprises (MSMEs) in its Budget recommendation. The forum for MSMEs with over 98,000 members said that to enhance India's global competitiveness and increase its market share in global exports, it was "crucial to increase the number of active exporters and enable at least 3-4 lakh first-time micro, small, and medium exporters while supporting them in promoting Indian products globally."
Check out how India's athletes fared on Day 5, Wednesday, July 31, 2024:
NatSteel Asia Pte Ltd (NSA), the Singapore-based subsidiary of Tata Steel, said on Thursday it has acquired two new steel-bar rolling plants in Vietnam for $41 million as part of strategy to expand in the Asia-Pacific.
The Indian trio of Jyothi Surekha Vennam, Parneet Kaur and Aditi Swami ousted World No. 4 USA 233-229 in the semi-final.
A summary of sports events and persons who made news on Friday
The new editions offer an opportunity for a new generation to discover an acting genius, who is now in box office wilderness.
S&P Global Ratings on Friday said it will watch the fiscal numbers for the next 1-2 years, besides pro-growth policies of the new government, before deciding on India's sovereign rating upgrade. S&P, which earlier this week upgraded India's outlook to positive while retaining the sovereign rating at BBB-, expects the new government to continue with pro-growth policies, infrastructure investment and commitment to fiscal consolidation.
A look at how India's athletes fared on Day 2, on Sunday, July 28, 2024:
Gujrathi faced a reverse at the hands of his Kazakh opponent.
As many as five singles players, including Aditi Mutatkar and Ajay Jayaram, and two doubles pairs, reached the pre-quarter-finals as India had a resounding day at the Vietnam Open Grand Prix badminton tournament in Ho Chih Minh City on Wednesday.
World's largest chip maker Intel Corporation said on Wednesday that because of India's delay in announcing a semiconductor policy, the country had lost to other Asian countries for Intel's plan to set up its manufacturing plant.
