Top headlines: Semiconductor chip shortage, Tesla asked to share plan

Business Standard brings you the top headlines of the day

Centre asks Tesla to share manufacturing, investment plan in India

The Centre has asked Tesla to share its manufacturing and investment plan in India, a senior government official told Business Standard. Read more... 

Ford Motor ceasing production in India leaves its workers high and dry

A few months from now Maraimalai Nagar, a sleepy satellite town located 45 kilometres from Chennai and home to the manufacturing facilities of Ford India and BMW India, will lose an important landmark — the Ford India factory. A similar fate awaits the Ford factory in Sanand, 21 km from Ahmedabad. Read more... 

Semiconductor chip shortage: Industries face further output cuts and delays

The semiconductor chip shortage, which has put most industries, especially the auto sector, on a bumpy road, is unlikely to resolve soon. Read more... 

Investment bankers net record fees at Rs 1,013 crore as IPOs zoom in 2021

A flood of initial public offerings (IPOs) has helped investment bankers pocket record fees in 2021. The fees earned from IPOs so far this year stand at $137.7 million, or Rs 1,013 crore, the data from Refinitiv shows. Read more... 

India may continue to face chip crunch for mobile devices for 6 more months

Leading global chip design and manufacturing companies say that India will continue to face a shortage of chips for mobile devices for at least another six months. This will hit the affordable 4G segment phones particularly hard as they use a lot of low-priced high nanometer chips which are in even more short supply. Read more...