'Govt modifies incentives in semiconductor policy to make it more competitive and more'- Business Today Newsletter

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TECHNOLOGY   Govt modifies incentives in semiconductor policy to make it more competitive   Rajeev Chandrasekhar, Union Minister of State for Electronics and Information Technology, said that the modifications in the semiconductor policy that was announced in December 2021, essentially point to a strategy where the government is harmonizing the incentive schemes across the various categories of semiconductor fabs, ATMP/OSAT and compound fabs.

MARKETS   Gautam Adani's Group pledges shares worth $12.5 billion in Ambuja Cements, ACC   Adani Group currently owns around 63 per cent of Ambuja Cement and 57 per cent of ACC. As per the latest filings for the financial year 2021-22 (FY22), the total debt on the Adani Group companies stood at more than Rs 2.20 lakh crore.

LATEST   US Fed hikes interest rates by 75 basis points to tame decades-high inflation   Federal Reserve Governor Christopher J Waller on September 9 had made it clear that the inflation was quite high and that the central bank would hike rate to bring it back to 2 per cent.

LATEST   'Well-being is priceless': Meesho announces 11-day break for its employees   The break will start after the festive season, from October 22 to November 1. The company said that this industry-first initiative will allow "Meeshoites to completely unplug from work and prioritize their mental well-being after the busy festive sale period".

LATEST   Apple may move a quarter of iPhone production to India by 2025   Cupertino, California-headquartered Apple has bet big on India since it began iPhone assembly in the country in 2017 via Wistron and later with Foxconn, in line with the Indian government's push for local manufacturing.

Business   Is quick commerce for real? Investors question Zomato’s foray into it with Blinkit   As per a note from brokerage house Jefferies, a huge amount of skepticism is still prevalent among investors over the viability of quick commerce as a segment.

LATEST   IIFL Wealth-Hurun India Rich List 2022: Over 45% of rich individuals come from these zodiac signs   With a 1- year cumulative growth of 35 per cent, Cancer emerged as the top gainer in the list. Here's a complete lowdown.

Unicorns   Planning to book an Airbnb in Goa? Cricketer Yuvraj Singh might host you   The icon has opened his home in Goa, Casa Singh, to Airbnb users. Situated on a hilltop, a group of six will have insider access to the cricketer’s three-bedroom home, which offers views of the sea.

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