India’s tough stand against Chinese FDI: Indian electronics component makers eye tie-ups with South Korea, Taiwan firms; significant shift away from China
Indian electronics component manufacturers are increasingly partnering with South Korean, Taiwanese, and Japanese firms, moving away from Chinese collaborations due to stringent FDI regulations and geopolitical tensions. Companies like Dixon Technologies and Amber Enterprises are finalizing partnerships and submitting proposals under the electronics component manufacturing scheme.
India’s tough stand against Chinese FDI: Indian electronics component makers eye tie-ups with South Korea, Taiwan firms; significant shift away from China
The application deadline for the electronics component manufacturing scheme is set to conclude at July end. (AI image) Indian electronics component manufacturers are fast shifting away from China’s firms. As applications for the electronics component manufacturing scheme approach their deadline, domestic contract manufacturers including Epack Durable, Micromax’s Bhagwati Products, Dixon Technologies, PG Electroplast, Amber Enterprises and Optiemus are finalising their
Railway Minister Ashwini Vaishnaw’s father dies at 81
Daulal Vaishnaw, father of Railway Minister Ashwini Vaishnaw passed away today morning, July 8, at AIIMS Jodhpur due to critically ill for the past few days. He was 81 years old. In an official statement, AIIMS Jodhpur said, “It is with profound sorrow that we inform you of the demise of Hon’ble Railway Minister’s father, Shri Daulal Vaishnaw, today on
Earthquake in Assam: Quake of magnitude 4.1 hits Karbi Anglong district
Earthquake in Assam: An earthquake measuring 4.1 on the Richter scale struck Karbi Anglong district in Assam on Tuesday morning, the National Centre for Seismology (NCS) reported. According to the NCS, the tremor occurred at 9:22 am IST, at a depth of 25 km, with its epicentre located at 26.51°N latitude and 93.15°E longitude. Image: Representational From Pixabay Source link
India-US trade deal soon? Donald Trump says so, but India needs to be wary of ‘escalating pressure’; ‘in future US may…’
As Donald Trump intensifies trade efforts, India is likely to finalize a trade agreement with the US, with a deadline extension granted until August 1. While India anticipates finalizing a deal, experts caution that any agreement might not shield Indian exports from future unilateral tariff increases.
Samsung earnings slump: Profit may tumble 56% in Q2; AI chip curbs & foundry woes bite
Samsung Electronics anticipates a significant drop in second-quarter operating profit, exceeding 50%, due to US export restrictions on AI chips to China and underperforming foundry operations. The company projects profits of 4.6 trillion won, a 56% decrease year-over-year. Despite this slump, Samsung anticipates improved factory utilization and demand recovery in the latter half of 2025.
Bharat Bandh on July 9, 2025: Are banks and stock markets open or closed tomorrow? Check details of strike
A nationwide strike, or ‘Bharat Bandh,’ is scheduled for July 9, 2025, organized by a coalition of trade unions and agricultural organizations. The strike aims to protest government policies perceived as pro-corporate and detrimental to workers, with anticipated participation from over 25 crore workers across various sectors.
Adani Power acquires VIPL for Rs 4,000 crore; capacity hits 18,150 MW
Adani Power Ltd has acquired Vidarbha Industries Power Ltd for Rs 4,000 crore, increasing its operating capacity to 18,150 MW. The company plans to further expand its generation portfolio to 30,670 MW by 2030 through brownfield and greenfield projects across multiple states. This acquisition aligns with Adani Power’s strategy to turnaround stressed assets and support India’s ‘Electricity for All’ vision.
China’s tourism revival: Visa-free entry to over 70 countries fuels foreign arrivals
China’s expanded visa-free policy, now encompassing 74 countries, has spurred a significant surge in foreign arrivals, more than doubling to over 20 million in 2024. This initiative, aimed at boosting tourism and the economy, has led to increased bookings for air travel and hotels, with tour companies experiencing substantial growth.
Markets trade marginally higher after muted start
Equity benchmark indices Sensex and Nifty were trading marginally higher in the morning trade on Tuesday after a weak beginning as investors stayed on the sidelines ahead of the formal announcement of a trade deal with the U.S. Rally in Asian markets and fresh foreign fund inflows also helped markets recover the early lost ground, analysts said. After a muted
Gold price prediction today: Where are gold rates headed on July 8, 2025 and in the near-term amidst Donald Trump’s tariff moves?
Gold price prediction today: Gold prices are expected to fluctuate within a range, influenced by trade deal developments. Despite tariff deadline extensions, gold retains safe-haven appeal amid ongoing trade tensions. Experts advise monitoring trade deal movements for a clearer outlook.
Rupee rises 22 paise to 85.72 against U.S. dollar in early trade
The rupee rose 22 paise to 85.72 against the U.S. dollar in early trade on the back of fall in global crude oil prices and a weaker greenback. FII inflows and a positive domestic equity market further boosted the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 85.75 against the US dollar before
Adani Power completes acquisition of Vidarbha Industries Power Ltd, aims for 30,670 MW capacity by 2030
Image used for representation purpose only,. | Photo Credit: Dado Ruvic Adani Power Ltd. (APL) has completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for INR 4,000 crore, according to a release issued by the company on Tuesday (July 8,. 2025) morning. VIPL operates a 2×300 MW coal-fired power plant in Butibori, Nagpur district, Maharashtra.
Heat Alert in Tamil Nadu, Puducherry: RMC forecasts sharp temperature spike, urges precautions
The Regional Meteorological Centre (RMC) has issued a heat advisory for Tamil Nadu, Puducherry, and Karaikal, warning of a sharp rise in temperatures over the next few days due to strong westerly winds in the lower troposphere. According to the RMC, dry weather will prevail across most of the state this week, with maximum temperatures expected to climb by 2
Asian stocks rise on trade hopes; oil steadies after OPEC+ hike
Asian equities saw modest gains as investor sentiment was buoyed by Trump’s softened stance on tariff hikes, hinting at potential negotiations. Oil prices stabilized after an earlier surge, influenced by trade uncertainties and OPEC+’s increased output. Despite ongoing trade jitters and cautious optimism, markets remain alert to potential volatility.
Apple’s top AI executive Ruoming Pang leaves for Meta: Report
Meta invested in Scale AI in a deal that valued the data-labeling startup at $29 billion and brought in its 28-year-old CEO Wang [File] | Photo Credit: REUTERS Apple’s top executive in charge of artificial intelligence models, Ruoming Pang, is leaving the company for Meta Platforms, Bloomberg News reported on Monday, citing people with knowledge of the matter. Pang, manager
Indian MMF sector should tap the potential in “affordable synthetic fashion”, says study
The rising mid-income populations across Africa, South East Asia, and Latin America has led to a growth in demand for performance-driven, climate-adapted, and cost-sensitive apparel that the Indian manmade fibre (MMF) sector can tap, study shows. Representational image. | Photo Credit: Reuters The rising mid-income populations across Africa, South East Asia, and Latin America has led to a growth in