Nissan (OTC:NSANY) Motor Co and Renault SA (OTC:RNLSY) said on Monday they would invest $600 million to make six new models in India. The Japanese and French automakers will work on the projects from their base in Chennai, turning it into an export hub, they said in a statement. The six models, with each automaker
READ MORENirmala Sitharaman, India’s finance minister, met with officials from the US semiconductor sector and asked them to invest more in India. The Finance Minister discussed prospects for enterprises in Silicon Valley, as well as the government of India’s resolve to be a reliable partner in the whole semiconductor value chain, with the Indian Semiconductor Mission
READ MOREJapan’s benchmark Nikkei gauge surged on Tuesday, closing over 33,000 for the first time in 33 years, led by technology shares on expectations of a flood of investment in chip-related companies. SoftBank Group Corp jumped 5.25% on reports it may team up on an AI venture with Chat GPT operator Open AI and that its
READ MOREThe Sensex was up 827.54 points or 1.37% at 61441.24, and the Nifty was up 241.00 points or 1.34% at 18269.20. About 1686 shares have advanced, 364 shares declined, and 68 shares are unchanged. Offer price of Rs 170 a share too low for present times, says Fortis chairmanEven as IHH Healthcare Bhd is in
READ MOREAs India prepares to host a conference of the 10-nation grouping’s foreign ministers next month, diplomatic sources said that the ASEAN’s attitude on engaging Myanmar at multilateral forums has been that it should be at a non-political level. According to the sources, India is unlikely to invite Myanmar’s foreign minister to the conference but might
READ MOREThe US Centres of Disease Control and Prevention (CDC) on Friday said that the efficacy of the third doses of the Pfizer and Moderna mRNA vaccines starts falling by the fourth month after being administered, news agencies reported. The CDC also highlighted that this new finding indicates that additional dose or a fourth dose may
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