Tata Electronics, ASMPT sign pact for semiconductor assembly equipment infra

Tata Electronics, ASMPT sign pact for semiconductor assembly equipment infra

Wednesday, 11 September 2024 | PTI | New Delhi

Tata Electronics has signed a pact with ASMPT Singapore for establishing semiconductor assembly equipment infrastructure and solutions for its chip packaging units in Assam and Karnataka. ASMPT will collaborate with Tata Electronics for workforce training, advancing service engineering infrastructure, automation, spare supports and boosting R&D initiatives in the area of wirebond,...

Foreign funds drive Indian market rally, Sensex up

Wednesday, 11 September 2024 | PTI | Mumbai

Benchmark indices Sensex and Nifty ended higher on Tuesday, marking their second straight day of gains following a rebound in the US markets and fresh foreign fund inflows. The 30-share BSE Sensex climbed 361.75 points or 0.44 per cent to settle at 81,921.29 driven by gains in IT, telecom and select...

Tamil Nadu govt signs pacts with US firms for over Rs 2,600 cr investment in state

Tamil Nadu govt signs pacts with US firms for over Rs 2,600 cr investment in state

Tuesday, 10 September 2024 | PTI | Chennai

The Tamil Nadu government on Tuesday said it has signed investment pacts worth over Rs 2,600 crore with American companies during the ongoing US visit of state Chief Minister M K Stalin. MoUs were signed with Jabil, a leading provider of electronics manufacturing service and Rockwell Automation for investment and expansion...

PM Modi asks automakers to bring global best practices to India, focus on clean mobility

PM Modi asks automakers to bring global best practices to India, focus on clean mobility

Tuesday, 10 September 2024 | PTI | New Delhi

Prime Minister Narendra Modi on Tuesday asked the automotive industry to bring global best practices to India, while also working on green and clean mobility. In a written address to the annual convention of the Society of Indian Automobile Manufacturers (SIAM), Modi said the automotive industry will drive even higher economic...

Auto industry breaks Rs 20 lakh crore barrier in FY24, contributes high to GST revenue

Auto industry breaks Rs 20 lakh crore barrier in FY24, contributes high to GST revenue

Tuesday, 10 September 2024 | PTI | NEW DELHI

The Indian automotive industry has crossed Rs 20 lakh crore mark in FY24 and now contributes 14-15 per cent of the total GST collected in the country, SIAM President Vinod Aggarwal said on Monday. The auto sector also contributes significantly to the direct and indirect employment generation in the country, he...

830 exhibitors expected at global electronics showcase

Tuesday, 10 September 2024 | PTI | NEW DELHI

Around 830 exhibitors from 29 countries are expected to participate in the 2024 edition of 'electronica India' and 'productronica India' to be held from September 11-13. The event organised by global exhibitor Messe Muenchen India (MMI) will be held at the India Expo Mart Limited, Greater Noida, a statement said. In...

Agrochemical exports may touch Rs 80,000 crore in four years: Report

Tuesday, 10 September 2024 | PTI | NEW DELHI

India’s agrochemical exports could increase to over Rs 80,000 crore in the next four years provided the industry is facilitated with conducive environment, according to a report by AFCI and EY. A report by Industry body Agro Chem Federation of India (ACFI) and EY titled ‘Indian Agrochemical Industry: The Story, the challenges...

Life insurance premium surges by 22 per cent

Tuesday, 10 September 2024 | PTI | NEW DELHI

Life insurers have recorded a 22 per cent rise in underwriting new business with a premium collection of Rs 32,644 crore in August. The new business premium collection for the first five months of FY25 rose 21 per cent to Rs 1,54,194 crore from Rs 1,27,661 crore in the same period...

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