The once-delayed Games are due to start on July 23
The exclusive club that dominates the global semiconductor fab scenario is about to get a new member. Taiwan, South Korea, and China control nearly 70 per cent of the global capacity. SEMI, the global industry body for semiconductor and electronics design and manufacturing, projects all fabs collectively will churn out 30 million wafers a month this year.
The duo clinched their second gold medal in archery at the Asian Games.
A record $3.1 m (Rs 21 crore) has been paid for a giant bluefin tuna at Tokyo's new fish market, which replaced the world-famous Tsukiji late last year. The winning bid for the prized but threatened species at the predawn auction on Saturday was more than double the 2013 annual New Year auction.
Japanese investor Softbank will pull out its representative from the boards of Indian listed entities Paytm and Policy Bazaar as part of its global policy, a source said on Monday. There will be no change in investment made by Softbank in these companies, the source said. Softbank managing partner Munish Verma is currently a board member in both Paytm and Poilcy Bazaar who will step down from the position within a couple of days.
Morgan Stanley has upgraded China's equities amidst optimism about the country relaxing restrictions to slow down the spread of Covid-19. "Multiple positive developments alongside a clear path set towards reopening warrant an upgrade and index target increases for China," the brokerage said in a note. MSCI China's return on equity (ROE) is likely to rise from 9.4 per cent to 11.1 per cent by the end-2023.
=Young sumo wrestlers in elementary school compete during the Junior Olympic Cup All-Japan Elementary School Sumo Championship, a regional tournament in Kawasaki, Tokyo.
Verstappen suffered two retirements from the first three races but has otherwise finished all but two rounds in the top three.
These 8 images prove that we live in a wonderfully weird world.
Mining mogul Anil Agarwal-led Vedanta Resources' credit profile will unlikely be weighed down by the group's planned Rs 1.54 lakh crore foray into semiconductor manufacturing, S&P Global Ratings said on Monday. "This is because the company has reiterated that the $20 billion related investment will be carried out outside of Vedanta Resources. "The business will be undertaken in a separate entity under Vedanta Resources' holding company Volcan Investments Ltd," it said.
Japan supporters lamented the team's 3-1 penalty shootout loss to Croatia at the World Cup in Qatar on Monday.
Exports to India's key markets - the US, the United Arab Emirates, China, Singapore, Bangladesh and Germany - witnessed a sharp decline, resulting in a 12.69 per cent contraction in outbound shipments during the first month of the current financial year, commerce department data showed. India's biggest export market - the US - with 17 per cent share witnessed 17.16 per cent contraction at $5.9 billion in April. This was followed by the United Arab Emirates (UAE) that saw 22.09 per cent decline at $2.23 billion exports.
The Olympic torch relay set off from Fukushima on Thursday, beginning a four-month countdown to the summer Games in Tokyo
India's overall imports from Taiwan during April-February rose by 34 per cent to $7.5 billion.
The semiconductor chip supply for the electric two-wheeler industry has normalised but the prices are up by nearly 50 per cent compared to pre-pandemic period, said Eric Vas, president, Urbanite, the electric vehicle (EV) business of Bajaj Auto. "It (the supply) has improved greatly. It has pretty much normalised. The problem is the cost. "The costs remain very high. Hopefully, the costs will start correcting themselves over this fiscal year," he said in an interview with Business Standard.
US chipmaker Advanced Micro Devices (AM) on Friday announced a $400 million investment in India over the next five years and said it will build its largest design centre in Bengaluru. AMD chief technology officer Mark Papermaster made the announcement at the annual semiconductor conference in the presence of Prime Minister Narendra Modi. Undeterred by Taiwan's Foxconn pulling out of his group's $20 billion semiconductor-making venture, mining baron Anil Agarwal said the first phase of Vedanta's chip-making project will be ready in two-and-a-half years.
Indian conglomerate Vedanta on Monday said it has signed a pact with electronics manufacturing services giant Foxconn to form a joint venture (JV) for manufacturing semiconductors in India. Vedanta is the first company to make the announcement to invest in semiconductor manufacturing after the government announced a Rs 76,000-crore programme to boost electronic chip and display ecosystem in the country. This is also the second attempt of Vedanta to enter the semiconductor space after its earlier plans to set up a display unit with about Rs 60,000 crore investment could not take off.
The United States Customs and Border Protection closed the border between Tijuana in Mexico and San Diego in California and used tear gas on migrants and refugees, including children, whoever tried to cross the border fence. The incident took place because of rising frustrations among immigrants due to slow processing of their asylum claims by the US authorities.
The 15-day festivities are traditionally the most important time of the year for family reunions.
The government has deferred the implementation of the proposal to make six airbags mandatory in passenger cars by one year to October 1, 2023, Road Transport and Highways Minister Nitin Gadkari said on Thursday. The government had earlier planned to make six airbags mandatory in eight-seater vehicles for enhanced safety of occupants from October 1, 2022. "Considering the global supply chain constraints being faced by the auto industry and its impact on the macroeconomic scenario, it has been decided to implement the proposal mandating a minimum of 6 Airbags in Passenger Cars (M-1 Category) w.e.f 01st October 2023," Gadkari said in a tweet.
'Known for his innovative styles and perfumes, Issey Miyake built a global fashion brand, which included designing Steve Jobs' famous black turtle neck jumpers.'
According to the survey report, the government's move to earmark Rs 76,000 crore outlay for semiconductors and display manufacturing segment will aid their production in the country. The survey said that government intervention to boost semiconductors and display manufacturing ecosystem in the country has come at a time when the global economy is facing acute shortage of semiconductors due to severe disruptions in supply chains.
"I'm just extremely grateful that I'm here, and tonight I'm going to call my family and all my loved ones. I passed two metres from that crane. If, I had been two metres to the left, I would have been dead."
The long-reigning monarch is the first to abdicate his throne in nearly 200 years.
The four-month event has been hit by several high-profile runner cancellations as celebrities have pulled out, citing late notice and worries about drawing crowds during the pandemic.
India's Sania Mirza and her Czech partner Barbora Strycova defeated China's Chen Liang and Zhaoxuan Yang 6-1, 6-1 in the final to win the women's doubles titles at Toray Pan Pacific Open, in Tokyo, on Saturday.
Cruise ship Diamond Princess, carrying 3,711 people, arrived at the Japanese coast early last week and was quarantined after a passenger who de-boarded last month in Hong Kong was found to be the carrier of the novel virus on the ship. Around 60 people tested positive of the virus on Monday, taking the total number of those infected on the ship to 130.
Organisers of the Tokyo Olympics on Friday proposed a raft of measures to hold a streamlined Summer Games next year, including a shorter opening period for training venues and scaling back staff for the torch relay.
Even as India's passenger-vehicle sales touched a record high of 3.9 million units in 2022-23, growing 27 per cent over the previous financial year, the country's largest carmaker, Maruti Suzuki India (MSIL), said on Monday uncertainties in the electronic-component supplies might affect production in FY24. MSIL said the shortage of electronic components had some impact on production in FY23. "The company took all possible measures to minimise the impact.
Rediff.com gives you a peek into these action-packed moments from the weekend, frozen in time...
Verstappen hustled his Honda-powered Red Bull around the popular figure-of-eight layout in one minute, 29.304 seconds
The opening ceremony will also take place without major Olympic sponsors, the companies said on Tuesday, dealing another blow to a slimmed-down Games as more athletes tested positive for the coronavirus.
It's truly a wonderfully weird world around us.
The Centre will make it mandatory for carmakers to provide a minimum of six airbags in motor vehicles that can carry up to 8 passengers for enhanced safety of occupants, Union Minister Nitin Gadkari said on Friday. In a series of tweets, the Road Transport and Highways Minister said his ministry had already mandated the implementation of fitment of the driver airbag with effect from July 1, 2019 and front co-passenger airbag with effect from January 1, 2022. "In order to enhance the safety of the occupants in motor vehicles carrying upto 8 passengers, I have now approved a Draft GSR Notification to make a minimum of 6 Airbags compulsory," Gadkari said.
Shamsher, 87, is survived by three daughters and two sons.
More than half of Japanese companies believe the Tokyo Olympics, originally planned for this summer but postponed for a year due to the novel coronavirus, should be cancelled or put off again, a survey by a Japanese think-tank found.
'Our plan to set up a semiconductor facility in India is back on the table'
United States President Donald Trump and North Korean leader Kim Jong Un have arrived in Vietnam and are getting ready for their second meeting in just nine months. The two leaders, who have a history of insult-hurling and name-calling, plan to discuss nuclear weapons on Wednesday and Thursday in Hanoi. The meetings are a follow-up to their first summit last June, when they signed a vaguely worded agreement promising to work toward denuclearisation of the Korean Peninsula.
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