Asian stocks mostly decline on a sell-off of chip shares Asian shares are mostly lower on heavy selling of computer chip stocks, tracking losses on Wall Street The Independent UK · Jul 2
Japan-India Annual Summit: 150+ firms back $12.5 billion leap to fortify security ties He added a report by the Japanese newspaper The Yomiuri Shimbun, which noted that these initiatives, valued at approximately 2 trillion yen on the Japanese side, aim to deepen their footprint in India's expanding market. The Economic Times · Jul 2
UPI transactions moderate to Rs 28.9 lakh crore in June, up 20% YoY Unified Payments Interface (UPI) transactions saw a slight dip in June, reaching Rs 28.9 lakh crore, down from May's record high. Despite this, the daily average transaction volume hit an all-time peak, highlighting UPI's dominance in everyday digital payments. This growth underscores India's expanding digital payment ecosystem and increasing user… The Economic Times · Jul 1
Sunil Bharti Mittal hopeful of India-US trade deal in coming weeks Bharti Enterprises Chairman Sunil Bharti Mittal expressed strong optimism for an India-US trade agreement within weeks, highlighting its importance for industry. Speaking at the USISPF Leadership Summit, where he received an award, Mittal also emphasized the Indian diaspora's role in strengthening bilateral ties. The forum recognized Mittal, V. Prem Watsa,… The Economic Times · Jul 1
Vedanta Iron & Steel shares skyrocket 89% in 12 days since listing. What’s fuelling the surge? Vedanta Iron and Steel shares have surged an impressive 89% since their June debut, adding nearly Rs 7,000 crore to its market value. This remarkable rally was significantly boosted after Azim Premji's investment arm acquired shares worth Rs 102 crore. The company, involved in iron ore and steel production across… The Economic Times · Jul 1
WONTECH ASIA, THAILAND Korean aesthetics Thailand’s medical aesthetics industry is attracting growing foreign investment as international companies seek to tap rising demand for non-surgical cosmetic treatments and use Thailand as a springboard into Southeast Asia. Bangkok Post · Jun 30
India's chip dreams get a Rs 1.25 lakh crore push with Semiconductor Mission 2.0 India is significantly boosting its semiconductor ambitions with a Rs 1.25 lakh crore allocation for India Semiconductor Mission 2.0, a substantial increase from its predecessor. This move signals a deep commitment to establishing India as a global chip-making hub, focusing on equipment, materials, indigenous designs, and resilient supply chains. The Economic Times · Jun 30
Global Markets: S.Korean shares log best quarter in nearly 30 years on chipmaker rally South Korean stocks celebrated their best quarter in almost three decades, driven by a phenomenal surge in chipmakers. The KOSPI index soared, with tech giants Samsung Electronics and SK Hynix posting impressive gains, fueled by a new government strategy for semiconductor and AI investments. Despite some volatility, the market's performance… The Economic Times · Jun 30
Oyo parent files updated DRHP for Rs 6,650 crore IPO: Key things to know Oyo's parent company, Prism, has filed for a Rs 6,650 crore IPO, with plans for a potential pre-IPO placement. The bulk of the funds will be used to repay borrowings, with the remainder for general corporate purposes. The hospitality giant reported strong revenue growth for the nine months ending December… The Economic Times · Jun 30
NRI flows into Indian equities dip as compliance rules bite Investments by Non-Resident Indians (NRIs) in Indian stock markets are slowing, despite a rise in account openings. While global uncertainties and market performance play a role, stringent Know Your Customer (KYC) rules are a major hurdle. Industry insiders believe easing these regulations, particularly through digitisation and e-notarisation, could significantly boost… The Economic Times · Jun 30
India-Japan Summit: Deepening economic ties and strategic investment opportunities for next decade Prime Minister Takaichi's visit to India highlights a robust economic partnership, with Japan a key player in India's infrastructure and automotive sectors. Over 1,400 Japanese firms have invested billions, with future growth targeted in semiconductors, AI, and clean energy. The collaboration aims to leverage Japan's hardware and India's software, fostering… The Economic Times · Jun 29
South Korea unveils $520 billion investment plan with Samsung and SK Hynix to expand memory chip dominance — plan includes four new fabs and HBM facilities, amid strong government support President Lee unveiled an 800 trillion won ($520B) public-private plan for four new Samsung and SK Hynix fabs, dwarfing the US CHIPS Act tenfold. Tom’s Hardware · Jun 29
South Korean tech giants to build a $518 billion chipmaking hub to serve soaring AI demand South Korean tech giants Samsung Electronics and SK Hynix plan to invest a combined $518 billion in a new computer chip manufacturing hub, capitalizing on surging artificial intelligence-driven demand The Independent UK · Jun 29
PayU India posts first full-year operating profit in FY26; revenue rises 13% During the second half of FY26, PayU India also exited certain "negative margin portfolios", impacting its sequential revenue growth. In the October-March, the fintech company reported revenue of $384 million, down from $395 million in six months ending September 30, 2025. The Economic Times · Jun 29
The Economic Times · Jun 27 CM Yogi woos investors to UP with incentives, 75,000-acre land bank, single-window system Uttar Pradesh Chief Minister Yogi Adityanath urged domestic and global investors to explore the state's vast opportunities, highlighting a 75,000-acre land bank, tailored sector policies, and a streamlined single-window clearance system. He emphasized the significant transformation in Western UP, particularly Jewar, with improved law and order, making it an attractive…
The Economic Times · Jun 27 West Asia conflict may delay India's chip projects India's ambitious semiconductor projects, including Tata Electronics' Dholera fab, face potential delays due to the West Asia conflict. Logistical snags have disrupted the supply of crucial speciality gases, chemicals, and metals, leading to concerns about cost overruns and extended timelines. While some believe disruptions have eased, experts warn of significant…
The Economic Times · Jun 26 Piyush Goyal holds strategic talks with Rolls-Royce delegation to bolster advanced manufacturing in India Union Minister Piyush Goyal met with a Rolls-Royce delegation to explore strengthening industrial and technological ties, highlighting the India-UK Comprehensive Economic and Trade Agreement (CETA) as a key opportunity. Goyal emphasized CETA's potential to deepen investments, accelerate tech partnerships, and build resilient supply chains, benefiting both nations. He also reassured…
The Economic Times · Jun 26 Japanese PM Sanae Takaichi to visit India next week for 16th annual summit with PM Modi Japan's Prime Minister Sanae Takaichi embarks on a significant three-day visit to India from July 1-3 for the 16th India-Japan Annual Summit. This marks her first official trip to the nation. Discussions will focus on strengthening defense ties, supply-chain resilience, and collaboration in emerging technologies like AI and semiconductors. A…
The Economic Times · Jun 26 World MSME Day: Global trade risks weigh on MSMEs; industry seeks competitiveness-focused reforms Indian MSMEs are urging a policy overhaul to boost global competitiveness, citing challenges from geopolitical shifts and supply chain disruptions. Industry leaders emphasise the critical need for easier access to finance, technology, and markets, alongside faster payments.
The Economic Times · Jun 26 South Korean stocks in tailspin as Kospi crashes 8%, head for worst week since March South Korean stocks experienced a dramatic plunge, exceeding 8% and triggering a trading halt. This sharp decline was primarily driven by a significant selloff in major semiconductor companies like Samsung Electronics and SK Hynix, alongside broader global tech sector weakness. The benchmark KOSPI index is now on track for its…
The Economic Times · Jun 25 'I was in denial with the idea of quick commerce’: BigBasket founder Hari Menon BigBasket founder Hari Menon is stepping down as CEO after 15 years, reflecting on the company's evolution from scheduled deliveries to embracing quick commerce. Initially skeptical, Menon witnessed rapid consumer adoption of 10-minute grocery services, a shift that reshaped the market. He passes the leadership baton to Amit Nanda, aiming…
The Independent UK · Jun 25 Rebound in tech shares pushes Asian shares higher, while oil prices fall Shares are mostly higher in Asia, led by tech-driven gains in Japan and South Korea
The Economic Times · Jun 25 Crazy Snacks IPO opens for subscription today. GMP among key details to know The IPO comprises a fresh issue of 60 lakh shares worth Rs 25.20 crore and an offer for sale (OFS) of 14.95 lakh shares aggregating to Rs 6.28 crore. The issue is priced in the Rs 39-42 per share band and will close on June 30. The shares are proposed…
The Economic Times · Jun 25 Tech Mahindra CEO Mohit Joshi’s FY26 pay climbs 12% to Rs 67.5 crore Tech Mahindra CEO Mohit Joshi's pay surged 11.7% to Rs 67.5 crore in FY26, surpassing peers at Wipro and TCS. This reflects the company's aggressive push into AI and its ongoing turnaround strategy. While median employee pay dipped, Tech Mahindra reported strong revenue and profit growth, with significant deal bookings…
The Economic Times · Jun 24 Tata unit says 'extensive damage' from fire at Delhi data centre hampers recovery A devastating fire at a New Delhi data center, co-owned by Singapore's ST Telemedia and India's Tata Communications, has caused extensive damage, making data recovery a significant challenge. The blaze has impacted services for clients like Matrix Cellular, potentially leading to the loss of two decades of data.