Global semiconductor manufacturing equipment maker Lam Research has applied for incentives under the government's Scheme for Promotion of Manufacturing of Electronic components and Semiconductor (SPECS) for local production, according to an official note released by the Ministry of Electronics and Information Technology (MeitY).

Lam Research India Private Limited has proposed an investment of Rs 208 crore, while the government will provide incentives worth Rs 32.21 crore.

Shares of textiles companies rallied up to 6 per cent on the BSE in Monday’s intra-day trade on expectations of improvement in business outlook. Gokaldas Exports, Indo Count Industries, KPR Mill and Himatsingka Seide were up in the range of 3 per cent to 6 per cent, hitting their respective 52-week highs. In comparison, the S&P BSE Sensex was up 0.21 per cent at 65,087 at 10:32 AM.

India’s home textile export market in FY23 was marred by various challenges such as significantly higher domestic cotton prices and excess inventory build-up with the US retailers.

Three Indian family investment offices have reportedly acquired stakes in SoftBank-backed e-commerce firm FirstCry for about Rs 435 crore. These investors are Ranjan Pai's MEMG Family Office, Harsh Mariwala's Sharrp Ventures, and Hemendra Kothari's DSP Family Office, according to an Economic Times report. These investors have bought these stakes from SoftBank, as the Japanese firm is looking to reduce its stake in the e-commerce firm. According to the report, the investment firm, which held a 29 per cent stake in FirstCry, has reduced its stake by about 1.5 to 2 per cent.

In the 2024 Republican Primary, former President Trump continues to hold the majority of support with 56 per cent, followed by Florida Governor Ron DeSantis and Vivek Ramaswamy, both of whom hold 10 per cent, according to a new Emerson College Polling survey of US voters.

The poll also highlighted that the Trump’s support has remained steady, while DeSantis’ support has decreased by eleven points over the summer, while Ramaswamy’s support has increased by eight points.

From Monday, consumers will be able to buy onions at a subsidised rate of Rs 25 per kg through retail outlets of the National Cooperative Consumers' Federation of India Limited (NCCF).

According to a release by the Centre, retail sales of onion will be "suitably enhanced in the coming days by involving other agencies and e-commerce platforms".

Adani Electricity Mumbai is investing over Rs 2,000 crore to build two new transmissions lines in the city to strengthen its network as it moves closer to go more green by sourcing as much as 60 per cent of the energy needed for the city from renewables by 2027, a senior company official said.

The two new transmission lines comprise the 84 ckm Kharghar (in Navi Mumbai) Vikhroli line in the northeastern suburb of the megalopolis and the Thane-Aarey Colony line. The Vikhroli line will be ready by 2025.

Rajasthan Chief Minister Ashok Gehlot on Friday ordered officials to form a committee to provide suggestions to prevent suicide cases among the students and asked them to submit the report within 15 days.

The Chief Minister further directed the officials that the committee should include all stakeholders, including representatives from coaching institutes, parents, and doctors. This report is expected to be submitted within the stipulated 15-day timeframe.

Shares of Jhunjhunwala family-backed Concord Biotech gained as much as 33 per cent during their stock market debut on Friday. The stock hit a high of 987 and a low of Rs 900 on the BSE. Concord finally settled at Rs 942, up Rs 201, or 27 per cent, over its issue price of Rs 741.

The strong listing follows healthy demand for the shares of Gujarat-based bulk drug maker in its Rs 1,551-crore initial public offering (IPO). The maiden share sale saw nearly 25 times more demand than shares on offer.

World Health Organization (WHO) designated COVID-19 variant BA.2.86 as a 'variant under monitoring' due to the large number of mutations it carries.

The WHO said on Friday that they are tracking 3 variants of interest and 7 variants under monitoring at the moment.

Rajya Sabha Chairman Jagdeep Dhankhar has referred the three proposed laws that will replace the IPC, CrPC and the Evidence Act to the Standing Committee on Home Affairs for examination and asked it to submit its report within three months.

The bills -- the Bharatiya Nyaya Sanhita, Bharatiya Nagarik Suraksha Sanhita and the Bharatiya Sakshya Bill -- were introduced in the Lok Sabha by Home Minister Amit Shah on August 11.

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