Author: NNI Editor

Semiconductor firm RRP Electronics Ltd. has entered into a MoU with U.S.-based Deca Technologies, Inc. to acquire the latter’s wafer-level packaging capabilities. “This partnership marks a significant milestone in India’s journey to becoming a global semiconductor powerhouse,” RRP Electronics said.Under the MoU, RRP Electronics, which has expertise in assembling and testing semiconductor components, will integrate Deca’s Wafer-Level Chip Scale Packaging (WLCSP) and M-Series Fan-Out Wafer-Level Packaging (FOWLP) technologies into its processes. This will enhance RRP’s ability to deliver high-performance semiconductor solutions to customers worldwide, it said. Deca Technologies is backed by Qualcomm, Infineon, and ASE Group.Rajendra K. Chodankar, Chairman & CEO,…

After an extensive hearing of arguments for days in the $1.4 billion tax dispute case of Skoda Auto Volkswagen India with the Indian Customs, the Bombay High Court on Wednesday directed the Customs department to file an affidavit explaining how its September 2024 show-cause notice to the German auto giant is not barred by limitation.A Division Bench of Justices B. P. Colabawalla and Firdosh Pooniwalla observed, “On the issue of limitation, which is factual, please file an affidavit setting out how limitation does not arise. Though we have heard extensively on all issues, as of now, we are only deciding…

The Trump administration wants to look into Fort Knox, the legendary depository for American gold reserves in Kentucky. Why? “To make sure the gold is there.” But where would the gold have gone? If the gold is missing, what would it mean to the US economy? To us in India? And what are India’s own gold holdings and where do we store them? Script & Presentation: K. Bharat KumarEditing: Shibu Narayan Published – February 26, 2025 09:28 pm IST Source link

India shipped 5.73 million units of tablets, detachable and slates put together, during calendar 2024, a 42.8% year-over-year growth, reported Massachusetts-based International Data Corporation (IDC).India’s tablet market surged in calendar 2024 as rising notebook prices and better Android features made tablets the go-to choice for productivity and entertainment, said the firm on Wednesday.The detachable and slate tablet categories grew by 30% YoY and 47.2% YoY, respectively. The market, however, declined by 17% YoY in 4Q2024 due to delays in some government manifesto deals, it said.As (IDC) Worldwide Quarterly Personal Computing Device Tracker, the consumer segment grew by 19.2% YoY in 2024, driven…

Though COVID might have created a demand for larger homes, the micro market of Dadar, the central Mumbai bastion of Maharashtrians known for the iconic Shivaji Park is witnessing rising demand for compact luxury homes in the price range of ₹2.5 crore to ₹5 crore, according to real estate developers and property experts.With local residents and a growing segment of young professionals, MSME owners, affluent and nuclear families seeking compact yet luxurious homes, areas like Dadar, Shivaji Park, Old Cadel Road and even adjoining Prabhadevi have seen a spate of construction activities, mostly redevelopment.According to developers, smaller units, mostly 2…

VFS Global said it has introduced AI-powered Chatbot for U.K. visa applicants in 141 countries. Developed at VFS Global AI Centres located in India, UAE and Germany, the chatbot leverages Generative AI-powered conversational capability, offering human-like, conversational support and even responding to voice and text inputs, effectively catering to a diverse audience, the company said.Jen Vidler, deputy director, cross-cutting service operations, visa, status and information services, customer services group, U.K. visas and immigration, said, “The rollout of VFS Global’s AI-powered chatbot demonstrates our continued commitment to ensuring our visa services are accessible, efficient and meet the needs of all customers.” “Providing…

Assam Chief Minister Himanta Biswa Sarma with other delegates during the signing of MoUs at the Advantage Assam 2.0 Investment & Infrastructure Summit 2025, in Guwahati on Tuesday, February 25, 2025. | Photo Credit: PTI Assam Chief Minister Himanta Biswa Sarma said on Wednesday (February 26, 2025) that a total investment of nearly ₹1 lakh crore was announced for infrastructure development by various government agencies during the business summit in Guwahati, Assam.“The investments will be made by the Central Government in sectors such as road transport, railway connectivity, waterways enhancement and air connectivity,” he added.Speaking at a session on roads,…

Representational image of a Volkswagen car | Photo Credit: Reuters Indian tax authorities have singled out Volkswagen as the only automaker to wrongly classify its car imports for 12 years to evade $1.4 billion in taxes, even as rival Kia changed its practice after being pulled up, court papers show.Volkswagen is a tiny player in India’s car market, which is the third biggest in the world, and its Audi brand lags luxury peers such as Mercedes and BMW. If found guilty it could face dues of $2.8 billion, including penalty and delayed interest.The court fight over the record tax demand…

Gavin MaguireNatural gas producers, exporters and trading firms are banking on Asia–the world’s largest and fastest-growing power market–to drive gas demand growth over the coming decades.But while overall gas consumption in Asia will certainly expand from current levels, gas peddlers may need to temper their optimism in light of growing coal-fired capacity throughout the region.Asia’s largest economies have three times more coal-fired power capacity under construction than gas-fired capacity, according to Global Energy Monitor (GEM), and already rely on coal for roughly 45% of regional power generation.Large economies in Asia–including China, India, Japan and Vietnam–are also developing far more solar,…

South Korea’s business leaders are taking action to offset the threat posed by U.S. President Donald Trump’s aggressive trade policies, hiring his former aides and lobbying Republican states out of frustration with delays by their own government which is mired in a political crisis.Mr. Trump’s sweeping and sometimes indiscriminate trade measures have sparked existential debate in many international capitals over how much they can depend on the U.S. from trade to politics.While it remains to be seen how the upheaval may affect the long-standing alliance and close economic relationship between Washington and Seoul, the stakes are higher for South Korea…