BENGALURU :India's Vedanta fell over 2 per cent on Tuesday, a day after Taiwan's Foxconn said it withdrew from a $19.5 billion semiconductor joint venture with the metals-to-oil conglomerate.The companies partnered last year to set up semiconductor and display production plants in Gujarat state. Concerns abou
BENGALURU :India's Vedanta fell over 2 per cent on Tuesday, a day after Taiwan's Foxconn said it withdrew from a $19.5 billion semiconductor joint venture with the metals-to-oil conglomerate.
Foxconn's withdrawal from the project deals a blow to Indian Prime Minister Narendra Modi's chipmaking plans in the country, which had become a top priority for India's economic strategy in pursuit of a"new era" in electronics manufacturing.
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Foxconn drops $19.5 billion Vedanta chip plans in blow to IndiaBENGALURU :Taiwan's Foxconn said on Monday it has withdrawn from a $19.5 billion joint venture with Indian metals-to-oil conglomerate Vedanta, in a setback to Prime Minister Narendra Modi's chipmaking plans for India.Foxconn, which did not say why it had taken the decision, and Vedanta signed a pact last year
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India to hold trade deal talks with UK, European nationsIndian trade minister Piyush Goyal will meet his European counterparts from July 10 to 11. Read more at straitstimes.com.
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India seeks to secure its green growth strategy by identifying a list of critical mineralsThese include lithium and graphite used in electric vehicle batteries, the demand for which is projected to skyrocket. Read more at straitstimes.com.
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At least 15 dead in India monsoon floods: Local mediaNEW DELHI: At least 15 people were killed in floods and landslides triggered by monsoon rains that battered northern India, with New Delhi receiving the most rainfall in decades, reports and officials said on Sunday (Jul 9). Roads in several parts of the capital were submerged in knee-deep water as it
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Monsoon floods in India kill at least 15: Local mediaAuthorities have ordered schools to be shut in New Delhi on Monday. Read more at straitstimes.com.
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