Anil Agarwal-led Vedanta Group is getting ready for two separate ventures that may see investments worth $15 billion in chip and display manufacturing space in India. One will be with Hon Hai Technology Group (also known as Foxconn) to manufacture 28-nano meter semiconductor chips based on a technology developed by the Taiwanese multinational. The other venture is meant for a display manufacturing unit.

For the display venture, the company is in talks with at least seven global majors including LG, Sharp and Japan Display for a potential technology or equity partnership.

State-run miner Coal India Ltd. warned production of the fuel may fall, risking new threats to the nation’s energy supply, if the company isn’t able to raise prices.
The world’s largest coal producer is facing cost pressures from a looming rise in salaries and on higher prices of diesel used to power mine equipment. Some of the company’s units are finding it difficult to survive without a price hike, Chairman Pramod Agrawal said on a call with analysts.

The transition of digital ecosystem to metaverse, where a person will feel immersed in a virtual world, will push data usage by 20 times across the globe by 2032 and telecom operators Bharti Airtel and Reliance Jio are suitably placed to benefit from the surge in India, a Credit Suisse report has said.

The report said metaverse has enormous potential to further expand screen time and drive more bandwidth consumption.

The Supreme Court Friday sought response from the CBI and the Maharashtra government on bail plea of Indrani Mukerjea who is the prime accused in the Sheena Bora murder case.

A bench of Justices L Nageswara Rao and P S Narasimha issued notice to the CBI and the state government Mukerjea's appeal challenging the Bombay High Court order of November 16, 2021, denying her bail.

India reported 25,920 new COVID-19 cases in the last 24 hours, 4,837 lesser cases than yesterday, with a daily positivity rate of 2.07 per cent, according to the Union Ministry of Health and Family Welfare on Friday.

With this, the active caseload in the country stands at 2,92,092.

As many as 100 chickens were found dead at a poultry farm in Vehloli village of Shahapur tehsil in Thane district, said Thane District Magistrate and Collector Rajesh J Narvekar on Friday.

Considering the bird flu threat, the samples have been sent to a lab in Pune.

In a major relief to the LGBTQIA+ community of Tamil Nadu, the state government has amended the existing law under the Tamil Nadu Subordinate Police Officers Conduct Rules to prevent any harassment of the community or persons working for the welfare of the community

The order from the state home department issued on Thursday read, No police officer shall indulge in any act of harassment of any person belonging to the LGBTQIA+ (Lesbian, Gay, Bi-Sexual, Transgender, Queer, Intersex, Asexual)+ community and those working for the welfare of the community.

The Central Bureau of Investigation (CBI) has filed a charge-sheet against 160 more accused, including the chairmen of three medical colleges in Madhya Pradesh, for allegedly rigging the 2013 Pre-Medical Test (PMT) in the multi-crore Vyapam examination and recruitment scam.

This took the number of accused who have been charge-sheeted in the case to 650 so far.

Shares of Everest Industries hit an all-time high of Rs 748.90, rallying 14 per cent on the National Stock Exchange (NSE) in Friday’s subdued market on the back of heavy volumes. At 10:16 am, the S&P BSE Sensex was down 0.09 per cent at 17,289 points. The trading volumes on the counter more-than-doubled with a combined 597,000 shares having changed hands on the NSE and BSE in first one hour of trade.

Since December 2021, the stock of the building products company has zoomed 100 per cent from a level of Rs 374.65 on November 30, 2021.

Israeli chipmaker Tower Semiconductor, which was recently acquired by Intel for $5.4 billion, is actively in discussions with the Indian government to set up a manufacturing facility in India, according to a source close to the developments.

In September last year, the company had threatened to pull the plug on its plan to set up a facility in India as it wrote a letter to the Centre complaining about lack of clarity on the government’s policy for chipmakers.

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