The Tamil Nadu government has clarified that Foxconn Corporation is indeed investing in the state. Reuters had previously reported a denial of investment by a Foxconn subsidiary. However, a senior government official confirmed the investment’s authenticity to Puthiya Thalaimurai. There are currently two Foxconn facilities in Tamil Nadu, and this new investment marks the third facility, according to an official from the Department of Industries. This has resulted in job creation and increased production within the existing facility. A recent Reuters report cited a subsidiary of Foxconn, stating that they hadn’t agreed to invest $213 million with the state. The…
Author: Shradhanjali Mukherjee
Shradhanjali Mukherjee
Salina Shah
The United States Presidential elections are becoming an Indian American affair, with tech entrepreneur Dr. Shiva Ayyadurai becoming the fourth candidate from the community to announce his independent bid for the country’s top post. Ayyadurai stated that he represents the American Dream and the potential for a Golden Age. He emphasized the importance of innovators, entrepreneurs, skilled workers, and those with common sense and reason in running the country, drawing inspiration from the diverse backgrounds of America’s founding figures. A 59-year-old MIT scholar, Ayyadurai gained attention for claiming to have “invented email” at the age of 14. He had also…
India has now become one of Apple’s top 5 global markets, according to a report by Counterpoint Research. In the second quarter of 2023, Apple maintained its dominance in the ultra-premium segment (US$ 548.52 or Rs. 45,000 and above) with a 59% share. The premium smartphone market in India saw significant growth, rising by 112% year on year from April to June, accounting for a record 17% of total shipments. Samsung retained its lead in the overall Indian smartphone market, holding an 18% share for the third consecutive quarter. In the luxury smartphone sector (US$ 365.68 or Rs. 30,000 and…
CEOs from prominent semiconductor companies like Foxconn, Micron, and AMD expressed their support for Prime Minister Narendra Modi’s statements during the SemiconIndia 2023 event in Gandhinagar. They showed optimism about investing in India’s semiconductor industry. The chairman of Foxconn, Young Liu, commended the Indian government’s determination and expressed confidence in its future. He drew parallels with Taiwan’s successful semiconductor industry, emphasizing the importance of trust and collaboration to overcome challenges. Liu pledged Taiwan’s commitment to being India’s reliable partner in the semiconductor sector. SEMI’s President and CEO, Ajit Minocha, highlighted the favorable alignment of geopolitics, domestic politics, and private sector…
India is poised to become a significant player in the global semiconductor supply chain over the next decade, thanks to the allocation of US$ 10 billion in incentives and support to promote domestic chip manufacturing. Union Minister of State for Electronics and Information Technology, Mr. Rajeev Chandrasekhar, expressed confidence in India’s progress in the semiconductor field, drawing parallels to China’s three-decade advancement. Various firms, including Vedanta and Taiwan’s Foxconn, have already been attracted by the production-linked incentive (PLI) scheme, pledging multi-billion-dollar investments to establish chip manufacturing units for products like mobile phones and cars. Mr. Rajeev Chandrasekhar highlighted the partnership…
The makers of Gadar 2 have recently unveiled the official trailer, showcasing it as a thrilling action-packed film where Sunny Deol, portraying Tara Singh, takes on the Pakistani Army to rescue his son. The sequel, ‘Gadar 2,’ follows the romantic partition-era love story of ‘Gadar: Ek Prem Katha,’ which was a huge hit at the box office during its initial release. Before the storm of Gadar 2 hits, ‘Gadar: Ek Prem Katha’ is re-released on June 9, 2023. Continuing the tale of Tara Singh and his family, Gadar 2 sees Tara fighting for his son after successfully bringing back his…
Samir Mayekar, a former top aide in Mayor Lori Lightfoot’s administration, recently announced that he will be a “visiting scholar” at the Federal Reserve Bank of Chicago. In a social media post, the Indian American expressed his eagerness to contribute towards fostering an inclusive and stable financial system, providing equal opportunities for everyone to prosper. Mayekar is the co-founder and CEO of NanoGraf Corporation, a global manufacturer specializing in advanced materials for the lithium-ion battery industry. Throughout his career, he has held executive positions in the public, private, and nonprofit sectors. In the Obama Administration, he served on the national…
In an exciting high-scoring match between MI New York (MI NY) and Seattle Orcas (SEA), the latter secured a thrilling two-wicket win. The Orcas won the toss and opted to bowl first. MI New York’s opening batsman, Monank Patel (2), faced early struggles and lost his wicket cheaply in the third over. Shayan Jahangir (19) followed suit, unable to capitalize on his initial success. After crossing the 50-run mark, MI NY lost Hammad Azam (2) in the seventh over, finding it challenging to score runs. However, Nicholas Pooran and captain Kieron Pollard formed a crucial partnership that kept their team…
“Baby,” a small film directed by Sai Rajesh, is creating a sensation at the box office. The film stars Anand Deverakonda, Vaishnavi Chaitanya, and Viraj Ashwin in lead roles. Despite the rains, the film continues to make a massive impact at the box office. The film is extremely strong on weekdays with terrific bookings all over. In just 11 days, the film collected close to 70 crores gross and surpassed the sensational Vijay Deverakonda’s cult hit, “Arjun Reddy,” in lifetime collections. In terms of ROI, “Baby” is the biggest hit in the history of Telugu cinema. This is phenomenal and…
The country has an abundant supply of coal, and most of its coal requirements are met through domestic production. Coal production across India increased significantly by approximately 14.7% from 778.21 million tonnes (MT) in 2021-22 to 893.19 MT in 2022-23. In comparison to the figures from 2013-14, coal production in 2022-23 has seen a remarkable 58% increase. Specifically, during January-June 2023, domestic coal production experienced a notable surge of more than 8.51% compared to the same period the previous year. The total demand for coal, which includes both domestic production and imports, amounted to 1,115.02 MT in 2022-23 and 1,027.83…
