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India's Prime Minister Narendra Modi announces the country's goal to reach a $1 trillion semiconductor market by 2025 during the 2025 edition of the annual semiconductor conference, Semicon India. The government is implementing new policies to ensure rapid approval and reduce the time it takes to start semiconductor projects in India. This move reflects the world's trust in India and highlights the country's commitment to long-term support for the semiconductor ecosystem.
At the Semicon India 2025 summit, India becomes the first country in South Asia to launch its own indigenous semiconductor chip, the Vikram 32-bit Chip. Designed, engineered, and manufactured entirely within the country, this milestone marks India's growing capabilities in software and hardware innovation. Prime Minister Narendra Modi emphasized the significance of the event, calling the Vikram chip a symbol of confidence and capability for India's technological progress and self-reliance. This is a major development in the country's shift from being an IT backend to a global leader in semiconductor fab, chip design, and electronics manufacturing.
ASK Automotive makes its debut in the primary market with an IPO worth Rs 834 crore. This three-day bidding event will allow potential investors to bid for shares of the auto parts maker, with a price band of Rs 268-282 per share. However, none of the proceeds will go to the company, as the IPO comprises an offer for sale by promoters Kuldip Singh Rathee and Vijay Rathee. ASK Automotive is the third company to hit the primary market this month, following ESAF Small Finance Bank and Protean eGov Technologies. Time to invest in the promising automotive industry with ASK Automotive as one of the sought-after investment opportunities.
Motorola has announced the release of their latest luxury gadgets in the Indian market - the Swarovski crystal-embellished versions of their popular foldable smartphone and earbuds. The devices come in a stunning Pantone Ice Melt colorway and feature intricate 3D quilted patterns with hand-placed crystals. The smartphone boasts impressive specs such as a 6.96-inch pOLED display, a MediaTek Dimensity 7400X chipset, and a 50MP dual-camera setup. The Moto Buds Loop, in collaboration with Bose, offers unique features like spatial sound and CrystalTalk AI for crystal-clear calls. Both devices are now available for purchase in India through Flipkart, Motorola, and various retail stores.
FCB Ulka, a leading advertising agency, has been awarded the brand strategy and creative responsibilities for Merino Group's three business verticals - Merino Laminates, Merino Furniture and Vegit. The agency will handle ATL, BTL and digital activities to elevate the group's brand presence and drive growth. The partnership is expected to bring in innovative solutions and leverage the group's deep industry knowledge for sustained success in the market.
Elon Musk's lawyers have filed a motion to have a lawsuit from the SEC against him dismissed, citing it as a "waste of time and taxpayer resources." The lawsuit, filed in 2022 during the Trump administration, alleges that Musk secretly bought shares of Twitter and failed to disclose it to the market within the required time frame. The legal battle comes as Musk's once-close ties with Trump have soured and the SEC continues to investigate him.
Luminous Power Technologies has unveiled a new brand, EDGE, with its first product, the EDGE GO 1500, as India's first portable power station with an integrated music system. The company is expanding its offerings beyond traditional energy products to cater to the needs of modern consumers who value flexibility, portability, and sustainability. The EDGE GO 1500 boasts 1,200W output, rapid 90-minute charging, and the ability to support multiple devices at once, along with a built-in speaker, wireless microphones, and Bluetooth connectivity for added entertainment. With solar-readiness and other advanced features, the EDGE brand aims to revolutionize the way consumers live, work, and connect.
Hindi news channel NDTV India has appointed Syed Suhail, with over 19 years of experience, as their senior executive editor and primetime anchor. Known for his focus on issues of public interest, Suhail will now anchor the prime-time 9 pm slot and contribute to NDTV India's editorial strategy. His appointment is a part of the channel's efforts to strengthen their prime-time programming and deliver news and analysis on national issues that engage audiences. Suhail believes it is a responsibility to remain true to the common man and tell their stories with honesty and commitment.
The special issue of Fortune India, curated in partnership with Waterfield Advisors, features the nation's top 100 billionaires. With a decline in the number of dollar billionaires and an increase in the entry threshold for the top 100, the issue provides insights into the strategies and foresight that define India's wealth creators such as Mukesh Ambani, Gautam Adani, and the Mistry family. The issue also delves into the challenges and innovations in the energy sector, with Luminous Power Technologies' CEO & MD Preeti Bajaj sharing the company's strategy to adapt to consumer needs and their efforts to improve standards in the sector through initiatives such as solar training academies. Available now on stands.