When it comes to chip manufacturing, TSMC of Taiwan and Samsung Electronics of South Korea are typically the first names that come to mind. The combined market share of the two Asian companies is more than 70%. After monumental changes in the semiconductor industry’s business models, the United States, which was once a pioneer, has […]
Category Archives: Business
LG Energy Solution and SK Innovation have reached an agreement that will enable one company to step forward with plans to produce batteries in Georgia. ‘A victory for American workers,’ said the US President Joe Biden. Two major South Korean electric vehicle battery manufacturers announced on Sunday that they had reached an agreement to end […]
“In Tata Power’s proposed trust for investments in renewable energy infrastructure, the Tata group has terminated its $2-billion investment deal with Malaysian State-owned oil and gas firm Petroliam Nasional Bhd (Petronas)”, said Praveer Sinha, Managing Director of Tata Power. “The decision was made last week to pull out this advanced phase after the two parties were […]
Power consumption in the country rose nearly 47 percent in the first week of April to 28.34 billion units (BU), over the corresponding period a year ago, showing a strong recovery in industrial and commercial demand for electricity, according to the power ministry data. Power consumption in the first week of April last year (from […]
The government can monitor legal and procedural changes to ensure that tax disputes are kept to a minimum and that cases do not accumulate. This follows more than a third of the 510,000 tax disputes, that have been pending for many years to be resolved through the Vivad Se Vishwas Scheme (VSVS). Complaint litigation is […]
Given the government’s refusal to reimburse Indian lenders for compound interest refunds, for loans exceeding 2 crores during last year’s moratorium, two people familiar with the matter estimated that it would cost them over 7,000 crores this quarter. During the March 1-August 31 moratorium, the government has decided to make good compound interest refunds on […]
The scheme, dubbed “Project Bernanke,” was not made public to advertisers, who sold advertising via Google’s ad-buying programmes. According to the papers, it provided hundreds of millions of dollars in sales for the organisation each year. Texas claims in its case, that the project provided Google, a subsidiary of Alphabet Inc., with an undue comparative […]
The central government of India has banned the export of anti-viral drug Remdesivir, and its active pharmaceutical ingredients as demand rocketed due to a record surge in COVID-19 infections, leading to a crippling shortages in many states in the country. Authorities have noticed with a concern that ferocious resurgence of the virus is due to […]
After the GST Council’s approval on Friday, at least two petroleum products, the natural gas and aviation turbine fuel (ATF) could be brought under the GST net to foster a gas-based economy and provide a boost to the pandemic hit aviation market. As a result of the top leadership, MPs and industry are raising the […]
Iran called a blackout at its underground Natanz atomic facility, “chemical vandalism” on Sunday, escalating international tensions as world powers and Tehran seek to bargain over the country’s shattered nuclear pact. Although there was no immediate assertion of blame, Israel’s media almost unanimously claimed that the blackout was triggered by a crippling cyberattack engineered by […]