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Japan sanctions Bengaluru tech company over Russian war 'support'
Japan has sanctioned Bengaluru-based Si2 Microsystems Pvt Ltd, an Indian tech firm, for allegedly supporting Russia's war efforts. This move, part of broader sanctions including firms from China, the UAE, and Central Asia, marks Japan's first targeting of foreign companies over Ukraine-related issues. The sanctions may strain the growing strategic partnership between Japan and India. Si2 Microsystems, involved in various high-tech projects, including government space initiatives, is now under scrutiny. Japan's tougher stance against Russia, influenced by Western pressures, contrasts with its previous policies, recalling sanctions imposed on India after the 1998 nuclear tests.
Karnataka ready to offer 20% subsidy for semiconductor investments, says minister, seeks Centre's support
Karnataka is prepared to offer 20% subsidy support for investments in semiconductor projects if the Centre provides 50% equity support, as stated by state's industry & infrastructure minister MB Patil.
Karnataka seeks Centre's support for semiconductor investments akin to Gujarat
Industries & Infrastructure Minister MB Patil seeks support for semiconductor investments in Karnataka similar to the support received by Micron Technology in Gujarat under the Indian Semiconductor Mission. Micron is investing $2.75 billion in an ATMP plant with government subsidies. Kumaraswamy and Kharge have also commented on the investment.
A break above 23,500 may clear Nifty’s path to 24,000
Technical charts, options data, and India VIX levels suggest possible consolidation for the Nifty within the 23,200-23,600 range this week. If the index anages to close decisively above 23,500, it could move towards 24,000, analysts said. M&M, TVS Motors, Bharti, Indian Hotels, ICICI Lombard, Cipla, JB Chemicals, harmabees, and Hindustan Zinc are some of the stocks recommended by the analysts for trading.
How state governments are chipping in with housing support at new semiconductor hubs
State governments in Assam, Gujarat, and Tamil Nadu are supporting upcoming electronics and semiconductor manufacturing hubs by providing infrastructure, including housing for workers. The Tata Group is building mega-housing projects, hostels, and dormitories with subsidised land from Assam and Gujarat governments. In Tamil Nadu, the government is assisting the housing project at the Hosur plant where Tata Electronics assembles iPhone enclosures.
Tesla CEO Elon Musk's pay package gets support from 77% of votes at investor meet
Tesla investors voted overwhelmingly in favor of Elon Musk's $56 billion pay package at the annual meeting, with 77% approval despite opposition from institutional investors and proxy advisory firms. Retail investors showed strong support. The largest pay package in U.S. corporate history faced legal challenges, with a Delaware judge voiding it earlier in the year.
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Tesla shareholders okay CEO Elon Musk's Rs 4.67 lakh crore pay package
esla shareholders voted Thursday to restore CEO Elon Musk's record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year, showing strong support for his leadership of the electric vehicle maker. While the favorable vote indicates confidence in Musk, it does not guarantee immediate access to the all-stock compensation. The package is expected to face legal challenges in the Delaware Chancery Court and Supreme Court for several months as Tesla seeks to overturn the initial rejection.
Elon Musk's friends and fans applaud shareholder vote on his payday
For months, Musk's supporters have used the social media site, which he purchased for $44 billion in 2022, to drum up support for his massive payday, and Tesla board members warned he could leave the company if shareholders voted against him.
Shareholders have okayed move: Musk
Tesla shareholders voted in favor of a $56 billion pay package for Elon Musk and to relocate the company's legal home to Texas, as announced by the CEO on social media.
Elon Musk says Tesla shareholders voting yes for his $56 billion pay package
Tesla shareholders are voting on a $56 billion pay package for Elon Musk and to relocate the company's legal home to Texas. The vote outcome will be announced at a meeting in Texas on Thursday.
Tesla shareholders voting yes for Elon Musk's $56 billion pay package, CEO says on X
Shareholders of the electric-car maker are voting on a proposal to ratify CEO Musk's 2018 incentive package, valued at up to $56 billion at the time and the largest in U.S. corporate history, after a Delaware judge voided the plan approved by its board "beholden" to Musk. The result will be announced at a meeting on Thursday.
All about Elon Musk's proposed $56 billion pay package
On Thursday, the decision to approve a $56 billion pay package for Elon Musk who is the CEO of Tesla will be taken by the shareholders of the company. This decision may result in further corporate litigation.
Not just employers with benefits! India Inc looks to be more to woo talent
Corporate India is offering new-age benefits, realizing that attracting and retaining talent requires more than just high salaries. Cos offer new-age perks like cash for self-development, health insurance for siblings and pet care to woo talent
CEOs got hefty pay raises in 2023, widening the gap with the workers they oversee
Top paid female CEOs in 2023 include Lisa Su, Mary Barra, Jane Fraser, Kathy Warden, and Carol Tome. Lisa Su of Advanced Micro Devices led with USD30.3 million. Female CEO median pay rose 21% to USD17.6 million, outperforming male counterparts.
A little bit of ‘utopia’: How this company wants to make a dent in health beverage market
The Indian health beverage market is currently valued at $10 billion and expected to hit $30 billion by 2026. Utopian Drinks is eyeing a piece of this pie.
What is NATO chief's proposal for military aid for Ukraine?
NATO foreign ministers will debate a military support package for Ukraine proposed by alliance boss Jens Stoltenberg, due to uncertainty over future U.S. support for Ukraine due to the possible return of former president Donald Trump to the White House. Stoltenberg has proposed putting military aid for Kyiv on a longer-term footing, along with a multi-year financial pledge. NATO's 32 member countries have different views on the plan, and the ministers will seek to narrow those divisions at their meeting in Prague.
Malaysia targets over $100 billion in semiconductor industry investment
Malaysia aims for $107 billion investment in its semiconductor industry, led by Prime Minister Anwar Ibrahim, targeting design, packaging, and manufacturing. The country is a key player globally, attracting major investments from firms like Intel and Infineon.
EU tries increasing Ukraine's military support as Zelenskyy tours Spain, Belgium and Portugal
European Union defence ministers are meeting in Brussels to provide military aid to Ukraine amidst Russia's ongoing invasion. Ukrainian President Volodymyr Zelenskyy is seeking support from Spain, Belgium, and Portugal to bolster Ukraine's defence efforts. Hungary's veto has stalled 6.5 billion euros in aid. Zelenskyy aims to secure more support, including US-made Patriot air defence systems, to counter Russia's attacks.
What happened to our ad-free TV?
As streaming services initially promised an ad-free experience, the landscape is rapidly changing with ads becoming increasingly difficult to avoid. Major players like Netflix, Disney+, and Amazon Prime Video have started incorporating commercials in exchange for lower subscription prices. Even live sports on these platforms now include built-in commercial breaks regardless of the subscription tier.
Centre sanctions Rs 21,253 crore to tackle Kerala's economic crisis
The move comes as Kerala grapples with various economic challenges, including salary delays for government employees and stalled development projects.
Best baby feeding pillows: Top picks for comfort and support
Explore the comprehensive guide on the best baby-feeding pillows designed to enhance comfort and support during nursing or bottle feeding. Featuring top picks with ergonomic designs, versatile uses, and easy-to-clean materials, these selected features ensure a pleasant feeding experience for both parents and babies. From classic favourites to innovative options, find the best baby feeding pillow to suit your needs and make feeding time more enjoyable and stress-free.
Chris Hemsworth honored with Hollywood Walk of Fame in star-studded ceremony
Superstar Chris Hemsworth was honored with a Hollywood Walk of Fame star in a ceremony attended by his family, including wife Elsa Pataky and children, along with co-star Robert Downey Jr. Hemsworth expressed gratitude to his wife for her unwavering support throughout his career. Downey Jr. delivered a humorous and heartfelt tribute, highlighting Hemsworth's wit and depth of soul.
The Best 10 Neck Pillows for Less Than 500: Affordable Comfort
The article reviews the top 10 neck pillows, highlighting their features, benefits, and suitability for various needs. It provides a comprehensive analysis of each pillow's design, materials, and comfort level, offering readers valuable insights to make informed decisions. The selections cater to different preferences, including travel, ergonomic support, and therapeutic benefits.
Meme coin with AI superpowers: WienerAI breaks past $1.5 million milestone in hot presale
WienerAI (WAI) is a meme coin with AI superpowers, offering an AI trading bot and staking protocol on the Ethereum blockchain. It has a growing Twitter community, a Telegram channel, and a strategic tokenomics structure. Coinsult audit confirmed no major vulnerabilities, and it ranks second on the 'Best Crypto ICOs - New Upcoming ICO Calendar for 2024' list, exceeding $1.
India to extend budgetary support of $50 million to Maldives
India extends budgetary support to Maldives by rolling over $50 million treasury bill upon special request. SBI subscribes to Maldives Finance Ministry's bill, aiding infrastructure projects under $800 million Exim Bank credit line, including cybersecurity agreement.
South Korea prepares support package worth over $7 billion for chip industry
Finance Minister Choi Sang-mok said the government would soon announce details of the package, which targets chip materials, equipment makers, and fabless companies throughout the semiconductor supply chain.
IMF doubts cash-strapped Pak's repayment capacity
IMF expresses doubts on Pakistan's debt repayment capacity, citing risks from policy delays, high debt, and low reserves. Washington-based team in Islamabad for bailout talks. Geo News reports lender's concerns.
Semiconductors likely in for another massive boost as India tries to make up for lost time in chipmaking
The 76,000-crore incentive package was launched in December 2021 to support companies making semiconductors and investing in them. That amount has been nearly exhausted, necessitating a fresh boost for India's big chip plan. And indications are that the coming plan will likely be much bigger in scale.
Aid for Ukraine, Israel and Taiwan heads to the Senate for final approval after months of delay
The Senate is set to vote on a $95 billion war aid package for Ukraine, Israel, and Taiwan, with the $61 billion allocated for Ukraine being a critical component as the country faces increased Russian aggression. President Biden assured Ukrainian President Zelenskyy of the US's commitment to send air defense weaponry. The aid package also includes $26 billion for Israel and humanitarian relief for Gaza, as well as $8 billion to counter China in Taiwan and the Indo-Pacific.
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