Jaiprakash Associates defaults on million loan repayment

Chip Design Startups in India Attract Rs 3.8 Bn in Funding

India’s semiconductor design ecosystem is gaining steady momentum, with startups supported by the Ministry of Electronics and IT’s (MeitY) Design Linked Incentive (DLI) Scheme and Chips to Startup (C2S) Programme now securing substantial venture capital (VC) funding.One such firm, Netrasemi, which is developing chips for smart vision, CCTV systems, and Internet of Things (IoT) applications, has received Rs 1.07 billion in VC investment.Union Minister for Electronics and IT, Shri Ashwini Vaishnaw, welcomed the investment, highlighting India’s strong design capabilities and noting that the..

Scindia Reviews 10 per cent GBS Use for Northeast Development

Union Minister of Communications and Development of North Eastern Region (DoNER), Shri Jyotiraditya M. Scindia, chaired a meeting of the Consultative Committee for the Ministry of DoNER at Parliament House Annexe, New Delhi, on 24 July 2025.The meeting aimed to review progress under the 10 per cent Gross Budgetary Support (GBS) allocated for the Ashtalakshmi states of the Northeast and explore ways to strengthen coordination for better development outcomes.Also present were Union Minister of State for DoNER and Education, Dr Sukanta Majumdar, and Members of Parliament from the region.The discu..

India, UK Sign Trade Pact Giving 99 per cent Exports Duty-Free Access

India and the United Kingdom have signed the Comprehensive Economic and Trade Agreement (CETA), marking a major step forward in economic partnership under the leadership of Prime Minister Narendra Modi. The agreement was formalised by Commerce and Industry Minister Piyush Goyal and the UK’s Secretary of State for Business and Trade, Jonathan Reynolds, in the presence of both Prime Ministers.CETA represents India’s most comprehensive trade pact with a developed economy to date and is aimed at doubling bilateral trade, currently valued at nearly USD 56 billion, to USD 112 billion by 2030.The..