Washington: The societies and institutions of both the US and India are based on democratic values and both countries take pride in their diversity, Prime Minister Narendra Modi said at the ceremonial welcome at the White House ahead of his official talks with US President Joe Biden. The constitution of both countries begins with the…
New Delhi: Computer storage chip maker Micron will set up its semiconductor assembly and test plant in Gujarat entailing a total investment of USD 2.75 billion (around Rs 22,540 crore), the company said on Thursday. The total cost of the plant comprises USD 825 million (around Rs 6,760 crore) from Micron and the rest from the…
New Delhi: Manipal Technologies Limited on Thursday said it has partnered with state-owned Indian Bank to drive financial inclusion by offering customised banking products. The partnership aims to build a sustainable network of corporate business correspondents (CBCs) that will enhance the availability, affordability, and accessibility of financial services, particularly in underserved markets and rural areas,…
New Delhi: Mumbai Metropolitan Region (MMR) has witnessed a 33 per cent annual increase in unsold homes, priced Rs 40-80 lakh each, to 53,550 units at the end of March this year, according to property consultant Anarock. “Overrall unsold housing stock across all budget categories in MMR saw a yearly rise of 13 per cent —…
New Delhi: The government has called for co-development and co-production of advanced technologies by Indian and American startups as the India-United States Defence Acceleration Ecosystem (INDUS-X) was launched at an event in Washington, the defence ministry said on Thursday. At the launch of INDUS-X, Joint Secretary (Defence Industries Promotion) Anurag Bajpai asked the participants to develop…
London: British Prime Minister Rishi Sunak has welcomed India’s budget carrier IndiGo’s multi-billion-dollar order of 500 Airbus aircraft as a major win for the UK aerospace sector, which will support thousands of jobs and economic growth of the country. IndiGo, India’s largest airline by market share, and Airbus, one of the largest commercial aerospace companies…
Mumbai: The Toyota Mobility Foundation on Wednesday announced a USD 9 million global initiative in sustainable city mobility space in collaboration with Challenge Works and World Resources Institute. The three-year programme, Sustainable Cities Challenge, is aimed at helping cities reduce carbon, improve access and enhance data-driven concepts for more resilient transport systems, the Toyota Mobility Foundation…
New Delhi,: Gold prices declined by Rs 360 to Rs 59,750 per 10 grams in the national capital on Wednesday amid weak cues from overseas markets, according to HDFC Securities. The precious metal had ended at Rs 60,110 per 10 grams in the previous trade. Silver also tumbled Rs 1,200 to Rs 72,300 per kilogramme….
Thiruvananthapuram: The Adani-run Vizhinjam Port, being constructed at an estimated cost of Rs 7,700 crore, will be commercially commissioned in May 2024, Kerala Minister for Ports Ahammed Devarkovil said on Wednesday. He said 90 per cent of the port construction work has been completed, and the first ship from China, carrying cranes for use in premises,…
New Delhi: Akasa Air on Wednesday said it will acquire four more Boeing 737 Max planes and announce a “three-digit” aircraft order this year as part of its expansion plans. These four planes will be in addition to the original order book of 72 Boeing 737 Max. While announcing the decision to buy four more planes…
