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More wafer work

Financial Express Kolkata

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September 03, 2025

India needs to move fast beyond the back end to become a full-stack semiconductor nation

India's Semiconductor Ambitions took a big leap forward last week when CG Semi—a Murugappa Group subsidiary—announced that it would roll out the first Made-in-India chip by the end of the year.

The announcement came just days after the Union Cabinet approved four semiconductor projects, taking the total number of approved chip manufacturing facilities in India to 10, including the Tata Group's partnership with Taiwan's Powerchip Semiconductor Manufacturing Corp to make mature chips.

The latest approvals push up the projected investments in semiconductor projects to about ₹1.6 lakh crore across six states. Many might, with some justification, argue that the investment and the ambition is just too small to make any significant impact, but at least it's a good beginning after decades of missed opportunities.

It's also encouraging that the government is giving final shape to the second phase of the India Semiconductor Mission (ISM), with most of the fiscal support earmarked under the first phase already committed.

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Financial Express Kolkata

LIC to leverage ₹45K-cr real estate portfolio

LIFE INSURANCE CORPORATION of India (LIC) is planning to monetise its real estate holdings, including large land parcels and premium commercial buildings across key cities, valued at over ₹45,000 crore.

time to read

3 mins

February 06, 2026

Financial Express Kolkata

Govt-backed challenger to Ola, Uber hits the road

Bharat Taxi, launched on Thursday in Delhi-NCR and Gujarat by Home Minister Amit Shah, is India's first cooperative ride-hailing platform where drivers are owners.

time to read

1 min

February 06, 2026

Financial Express Kolkata

Banks urge RBI to change accounting rule for state bonds

BANKED HAVE URGED the Reserve Bank of India (RBI) to change the way state government bonds are valued on their books, saying current rules result in accounting losses and discourage further investment, sources said.

time to read

1 min

February 06, 2026

Financial Express Kolkata

Tata Motors posts ₹3,483 cr Q3 loss

TATA MOTORS REPORTED a consolidated net loss of 3,483 crore for the quarter ended December 31, 2025, as the lingering impact of a cyber attack incident at its luxury arm Jaguar Land Rover continued to weigh on performance.

time to read

1 min

February 06, 2026

Financial Express Kolkata

16th FC nudges states to mirror Centre's PSU policy

THE FINANCIAL PERFORMANCE of State Public Sector Enterprises (SPSEs) underscores the urgent need for comprehensive reforms at the state level, aligned with the Union government’s New Public Sector Enterprise (PSE) policy, the 16th Finance Commission said in its report.

time to read

2 mins

February 06, 2026

Financial Express Kolkata

Heavy industry to gain from carbon capture push

INDIA HAS PLACED one of its biggest industrial climate bets yet committing ¥20,000 crore over the next five years to scale up carbon capture, utilisation and storage (CCUS) — signalling a decisive shift from climate pledges to capital-backed execution in sectors that drive both growth and emissions.

time to read

2 mins

February 06, 2026

Financial Express Kolkata

A shot in the arm

BUDGETARY ALLOCATIONS BODE WELL FOR INDIA'S FOREIGN AND SECURITY POLICIES

time to read

4 mins

February 06, 2026

Financial Express Kolkata

Rio walks away from Glencore merger talks

RIO TINTO GROUP is walking away from talks to acquire Glencore Plc after the two sides failed to agree on valuation, scuttling a potential mega merger that would have created the world’s largest mining company.

time to read

1 mins

February 06, 2026

Financial Express Kolkata

India outpaces other regions in Copilot adoption: GitHub

Competition from newer vibe coding tools not a concern: VP for Asia Pacific

time to read

2 mins

February 06, 2026

Financial Express Kolkata

India, GCC agree on terms of free trade agreement

INDIA AND THE six-nation Gulf Cooperation Council (GCC) on Thursday signed the terms of reference (ToR) for a free trade agreement (FTA), setting the framework for negotiations that would follow.

time to read

2 mins

February 06, 2026

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