Aditya Samant became India’s 83rd Grandmaster after earning his third GM norm at the Master Tournament (MTO) in the Biel International Chess Festival. The Maharashtra player had earned his first norm to become a grandmaster at the Abu Dhabi Masters last year in August. His second norm was achieved in …
Read More »Foxconn, chip giants head to Modi’s home state for India conference
[1/3]Visitors gather at Applied Materials and Micron Technology kiosks before the start of ‘SemiconIndia 2023’, India’s annual semiconductor conference, in Gandhinagar, India, July 25, 2023. REUTERS/Amit Dave GANDHINAGAR, India July 26 (Reuters) – Top executives from Foxconn and semiconductor firms Micron and AMD will this week attend a conference in …
Read More »India’s GlaxoSmithKline Pharma posts rise in Q1 profit on steady vaccine business
BENGALURU, July 26 (Reuters) – GlaxoSmithKline Pharmaceuticals (GLAX.NS), the Indian unit of UK’s GSK plc (GSK.L), posted an 11% rise in first-quarter profit on Wednesday, buoyed by strong demand for its vaccines. The firm said consolidated profit for the quarter ended June 30 rose to 1.32 billion rupees ($16.10 million) …
Read More »India’s Mahindra & Mahindra picks up 3.53% stake in RBL Bank for $51 mln
BENGALURU, July 26 (Reuters) – Indian tech-to-tractor conglomerate Mahindra & Mahindra (MAHM.NS) on Wednesday said it bought a 3.53% stake in private lender RBL Bank (RATB.NS) for 4.17 billion rupees ($50.8 million). The company might consider further investment in the lender subject to pricing, regulatory approvals and required procedures, Mahindra …
Read More »India’s space economy could potentially touch $100 billion by 2040, says new global report
Already ranked among the world’s fastest-growing segments, India has the potential to grab a gargantuan $100 billion share of the global space industry, strategy and management consultancy Arthur D Little said in a report released Wednesday. Per current estimates, India’s share in the global space economy stands at a measly …
Read More »Seed grant funding available for health research in India
By Hub staff report / Published July 26, 2023 The Johns Hopkins Gupta-Klinsky India Institute, launched in 2021 to develop and strengthen collaborations between the university and partners in India, is currently accepting seed grant proposals in two categories as part of its Breakthrough Research Grants Program. Up to two …
Read More »India’s prime minister’s office probing dumping of Chinese stainless steel, Jindal Stainless executive says
NEW DELHI, July 26 (Reuters) – India’s Prime Minister’s office (PMO) has launched a probe into potential dumping of Chinese stainless steel products into the country, Abhyuday Jindal, managing director of Jindal Stainless (JIST.NS), said on Wednesday. “The Prime Minister’s Office has taken up the mantle,” Jindal told reporters, adding …
Read More »India’s Air Pollution Challenge Spans Rural and Urban Areas
Another key finding from this report is that, across all regions, rural areas have experienced stronger reductions in PM2.5 levels compared to urban areas. This finding may, in part, be attributable to the progress made under the Pradhan Mantri Ujjwala Yojana. This initiative, launched by the Indian government in 2016, aims to provide …
Read More »US climate envoy Kerry meets officials in India
New Delhi: US’s special presidential envoy for climate John Kerry met with Indian officials here during his visit to India to discuss climate cooperation. The talks focus on advancing shared climate and clean energy objectives, such as fostering investment in renewable energy, supporting the rollout of zero-emission buses, and diversifying …
Read More »India’s Mahindra and Mahindra shares slump after RBL Bank stake buy stirs concern
BENGALURU, July 27 (Reuters) – Shares of India’s Mahindra and Mahindra (MAHM.NS) fell nearly 7% on Thursday after the conglomerate’s stake purchase in private lender RBL Bank (RATB.NS) raised concerns about the rationale of its capital allocation strategy. Analysts at Macquarie said that the investment and Mahindra’s intention to invest …
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