Prioritising talent development under the Government of India's Semiconductor Mission, Union Minister for Railways and Electronics  &  IT, Ashwini Vaishnaw, stated that India has achieved its 10-year target of training 85,000 engineers in semiconductor design in just 4 years.The Minister on Monday informed that world-class Electronic Design Automation (EDA) tools, Cadence, Synopsys, and Siemens, have been made available in 315 universities across the country, and with the help of these tools, students are designing actual semiconductor chips, according to a release.These chips are being fabricated and tested at the Semiconductor Laboratory (SCL) in Mohali, giving students hands-on experience across the entire process from design to manufacturing and validation, he said.Vaishnaw further stated that students from universities across the nation, from Assam to Gujarat and from Kashmir to Kanyakumari, are actively engaging in semiconductor design. This marks a significant milestone ...

Union Electronics and Information Technology Minister Ashwini Vaishnaw suggested that internet platforms pay fair revenue share to news organisations (Photo: PTI)

Vaishnaw further stated that students from universities across the nation are actively engaging in semiconductor design

DGFT, DGS officials have met stakeholders over past two days to discuss issues they are facing

Maritime fund may set sail with foreign kitty, PSU push

Maritime fund may set sail with foreign kitty, PSU push, boat, ship, cargo

Business Standard

Developers planning new projects in the region may defer new launches

Dubai, UAE

Cipla will hold 60% in the new JV with Kemwell Biopharma, aiming to develop, manufacture and commercialise biologics and biosimilars for global markets amid rising demand

pharma

Flight cancellations amid West Asia conflict disrupt travel plans of Indian telecom leaders headed to Mobile World Congress in Barcelona

airport, airport infra, aeroplane, flights

The Indian Institute of Mass Communication Alumni Association (IIMCAA) announced the winners of the 10th IIMCAA Awards on Monday, with Soumya Pillai selected as the 'Journalist of the Year'.
The announcement came at the Association's 14th annual Connections Meet in Delhi, with the awards honouring achievements across journalism, advertising, public relations and public service.
Among the prominent winners was Laxmi Devi Aere, a PTI senior correspondent, winning the 'Agriculture Reporter of the Year' title, while Medha Yadav received the 'Reporter of the Year (Broadcasting)' award.
Other jury awardees included Safeena Wani (reporter of the year - publishing), Mohammad Asad (producer of the year - broadcasting), Saurav Kumar Borah, Alpesh Arvind Karkare, Tanzil Asif, Hasleen Kaur and Panchanan Mishra, with special mentions for Gargy Satapathy, Nantha Kishore G K and Garima Singh.
Awardees received cash prizes ranging from Rs 10,000 to Rs 1.5 lakh along with trophies and certificates.

IIMCA

The announcement came at the Association's 14th annual Connections Meet in Delhi, with the awards honouring achievements across journalism, advertising, public relations and public service

Press Trust of India

Captive and commercial coal production rose sharply in February, supported by policy measures and expanded mining capacity, with the Coal Ministry projecting continued stability in supplies

coal mines

The privatisation of Toyota Industries is meant to reinvigorate the sleepy affiliate, remaking it as the vanguard of the group's evolution into next-generation mobility

Akio Toyoda

Bloomberg

Indian automakers assess West Asia exposure amid rising tensions, as export risks remain limited but higher fuel and input costs could weigh on domestic demand

Car sales

Full phase-out by 2030; resale restrictions in nearby states proposed

cars

Passenger vehicle wholesales rose 11.4% in February on strong SUV demand and GST effects, while two-wheeler makers posted sharper growth on a favourable base and broad consumer uptake

Cars and SUVs are beginning to form a larger proportion of the consumption basket

Compared with last year's Budget, the Union Budget 2026-27 builds on the credit framework while moving decisively towards equity funding, market-linked liquidity, and structured compliance support

MSMEs

TNC Rajagopalan answers SME queries related to GST, export and import matters

export

Union Minister H D Kumaraswamy unveiled third round of speciality steel PLI scheme with relaxed thresholds, updated pricing benchmarks, and wider MSME participation to boost steel manufacturing

H D Kumaraswamy (Photo: X/@hd_kumaraswamy)

Base year revised, thresholds relaxed to reflect current market trends

Trade expert cites FTP Para 1.08 and CBIC circulars requiring that export consignments not be detained beyond three days, and clarifies documentation norms under the Advance Authorisation scheme

trade

Payments bank says conversion into small finance bank will be completed before RBI's 18-month deadline and does not foresee any financial liability amid the ongoing GST probe

Fino Payments Bank

Bank's transition into SFB on track; no financial impact so far from the events that have unfolded

The State Vigilance and Anti-Corruption Bureau in Haryana on Saturday arrested a state government employee in connection with the Rs 590 crore IDFC First Bank fraud case.
Official sources said the employee's role is under the scanner in the fraud case, which rocked the state on Sunday after the private lender disclosed a Rs 590 crore fraud committed by certain employees and others at one of its branches in Chandigarh, targeting state government accounts.
The accused employed with the panchayats department was produced before a court in Panchkula, which sent him to six-day police remand, the sources said.
On Tuesday, the Anti-Corruption Bureau (ACB) arrested four people, including the alleged masterminds behind the fraud, with a private firm owned by the wife of a former employee emerging at the centre of the financial irregularities.
Two of those arrested are former employees of the IDFC First Bank, while the other two are private individuals who ran a partnership firm that alleged

IDFC FIRST Bank

A Special Investigation Team (SIT) has been constituted under the supervision of senior IPS officer Ganga Ram Punia to probe the case

Finance Ministry sources say probe has flagged GST evasion, shell entities and payment aggregators in alleged banned online gaming operations, leading to arrest of a senior bank official

Rishi Gupta, MD & CEO, Fino Payments Bank, BFSI Summit

Fino Payments Bank says its MD Rishi Gupta and the bank had no role in alleged GST violations linked to programme managers; Finance Minister Nirmala Sitharaman says she will review the issue

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