Tamil Nadu (TN) signed an agreement on Monday with Taiwan’s Foxconn, the world’s largest electronics manufacturer, to build a mobile component manufacturing facility in the Kancheepuram district at a proposed investment of Rs 1,600 crore, likely employing 6,000 people.

The global major is also in talks with TN regarding the electric vehicle (EV) segment, as part of its strategy to establish an EV manufacturing unit in India this year.

The National Institutes of Health is beginning a handful of studies to test possible treatments for long COVID, an anxiously awaited step in U.S. efforts against the mysterious condition that afflicts millions.

Monday's announcement from the NIH's USD 1.15 billion RECOVER project comes amid frustration from patients who've struggled for months or even years with sometimes-disabling health problems with no proven treatments and only a smattering of rigorous studies to test potential ones.

More than 6.5 crore income tax returns for 2022-23 fiscal have been filed so far, with 36.91 lakh ITRs being submitted on Monday until 1800 hrs, which is the last day for filing of returns by individuals and entities that are not required to get their accounts audited.

The e-filing portal has witnessed more than 1.78 crore successful logins till 6 pm, the I-T department said.

With the Centre pushing its legislative business during the Monsoon session of Parliament, Opposition parties on Friday alleged that the government is "subverting" the Parliamentary traditions by passing Bills even as the motion of no-confidence has been accepted in Lok Sabha.

Congress MP Manish Tewari cited former Union Parliamentary Affairs Minister Satyendra Narayan Sinha as saying that "whenever there is a no-confidence motion, no substantive motion should be brought just to forestall the whole thing".

Multiple offices of Haier, the home appliance company, were raided by income tax authorities on Friday according to a report filed by India Today.

The raids were carried out in offices located in major cities, including Delhi, Mumbai, Pune, and Noida, among other locations.

Shares of Zomato hit 15-month high of Rs 86.37, gaining nearly 2 per cent on the BSE in Friday's intra-day trade, in an otherwise weak market. The stock price of the food delivery platform company was quoting higher for sixth straight trading day, surging 11 per cent during the period. By comparison, the S&P BSE Sensex was down 0.52 per cent at 65,922 at 12:21 PM.

India has become the second country after China to burn more than one billion tonnes (BT) of coal in 2022, as demand grew at 8 per cent, according to the International Energy Agency (IEA), a Paris-based intergovernmental organisation.

The agency’s latest report showed that demand rose by 5.5 per cent in the first half of 2023 on continued strong economic growth and reliance on coal, according to a report in The Times of India (TOI).

U.S. chipmaker Advanced Micro Devices said on Friday it will invest around $400 million in India over the next five years and will build its largest design center in the tech hub of Bengaluru.

AMD's announcement was made by its Chief Technology Officer Mark Papermaster at an annual semiconductor conference that started Friday in Prime Minister Narendra Modi's home state of Gujarat. Other speakers at the flagship event include Foxconn Chairman Young Liu and Micron CEO Sanjay Mehrotra.

Laying thrust on Project Tiger, which completed its 50 years recently, Prime Minister Narendra Modi on Friday said that it is the result of the pioneering conservation initiative that 70 per cent of the world's tigers are found in India.

In a video message to the G20 Environment and Climate Sustainability Ministerial Meeting in Chennai on Friday, the Prime Minister said that Project Lion and Project Dolphin are in the pipeline.

The price of 24-carat gold rose Rs 330 during Wednesday's early trade, with ten grams of the precious metal selling at Rs 60,490 according to the GoodReturns website. Silver price remained unchanged with 1 kg of the precious metal selling at Rs 77,400.

The price of 22-carat gold rose Rs 300 and the yellow metal was selling at Rs 55,450.

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