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Govt's semiconductor strategy makes progress with $21 billion in proposals

Israel's Tower Semiconductor Ltd. is proposing a $9 billion plant, while India's Tata Group has put forward an $8 billion chip fabrication unit

India sees higher peak in electricity demand as power consumption surges

Government officials now expect electricity demand to surge to a high of 384 gigawatts in the 12 months through March 2032, a 5 per cent increase on an estimate issued in May,

Mark Zuckerberg's Asia tour to range from AI to Ambani wedding party

On Wednesday, Zuckerberg plans to travel to Seoul to meet with partners, the spokesperson said, declining to elaborate further

Poly crisis: World needs system of public support to end plastic addiction

A report this month alleged that oil and chemicals companies "perpetuated a decades-long campaign of fraud and deception about the recyclability of plastics

WTO ministerial: India's 'no' at Abu Dhabi summit may just mean 'not yet'

From the outside, it's easy to think of India as an undifferentiated mass of individuals with leaders who turn up in places such as Abu Dhabi to reject everything the rest of the world suggests

Oil tankers in short supply as Red Sea attacks divert global trade

Just two new supertankers are due to join the fleet in 2024 the fewest additions in almost four decades and about 90% below the yearly average this millennium

Disney, RIL sign binding pact to merge media operations in India: Report

Disney owns a minority stake in broadcast service provider, Tata Play Ltd., which Reliance may consider acquiring, according to local news reports

US narrows gap with China in number of diplomatic posts, says report

China has pushed in recent years to be seen as a key voice of the Global South, a reference to emerging-economy nations

Kristi Noem, Vivek Ramaswamy top contenders for Trump's running mate

Trump had 94% support from the 1,478 CPAC attendees who participated, compared with 5% for Haley. The former president had a 96% approval of the job he did in office

Samsung to unveil wearable smart ring at Mobile World Congress: Report

Visitors at the Mobile World Congress will also be able to see new health features on Galaxy Watch6 series paired with the Galaxy S24, prior to public availability later this year, Samsung said

Warren Buffett sees no chance of 'eye-popping' results with record cash

The firm's cash hoard jumped to a record at $167.6 billion in the fourth quarter as the conglomerate struggled to find deals at attractive valuations

UAE removed from global watchdog's dirty money list in quick turnaround

The decision could lead to smoother foreign currency transactions, lower inter-bank fees, and increased trade and investment, according to Moody's Analytics Industry Practice Lead Mohamed Daoud

US imposes sanctions on Russian shipping giant in bid to squeeze oil sales

Among other measures imposed on Russia following the February 2022 invasion of Ukraine, the US and its allies slapped an oil-price sales cap on the country's exports

US-made lunar lander 'Odysseus' may have tipped while reaching the moon

The complication could be a setback for Intuitive Machines and partner NASA

Meta's Zuckerberg seeks out of lawsuits blaming him for Instagram addiction

Plaintiffs contend that as the face of Meta, Zuckerberg has a responsibility to "speak fully and truthfully on the risks Meta's platforms pose to children's health"

Blackstone CEO Steve Schwarzman collected $896.7 million last year

Blackstone slowed its pace of cashing out of deals last year, as would-be buyers stayed on the sidelines and high interest rates curbed valuations

China state council vows measures to lure foreign investment: Report

Calls are growing for investors to consider picking up undervalued Chinese stocks, with market veterans such as Mark Mobius growing more optimistic due to valuations and improving return ratios

China's Xi Jinping seeks to boost auto, appliance sales in consumer push

Xi Jinping called logistics the "veins" of the real economy connecting production and consumption as well as internal and external trade

GQG's stake value in Adani Group touches $10 billion as stocks rebound

The firm's initial investment of $1.9 billion in March has ballooned to $10 billion in value, helped by market gains and additional stakes, according to fund manager Sudarshan Murthy

GM's Cruise prepares to resume robotaxi testing after suspension

The company has been focusing its comeback plan on Texas, which has relatively liberal regulation for companies that seek to operate autonomous vehicles in the state