FACILITIES
Nexperia can't say 'if and when' China unit will send chips, letter to customers shows
Dutch chipmaker Nexperia cannot say when deliveries from its site in Dongguan, China, will resume or guarantee quality of shipments, according to a letter to customers, as it looks into whether China will ease export controls weighing on global supply chains.
Sabarimala devotees can book poojas, accommodation online: TDB
Devotees can now book poojas for the Sabarimala annual pilgrimage online from November 5. Accommodation bookings at Sannidhanam will also be available online starting Wednesday. Lakhs of pilgrims are expected for the Mandalam-Makaravilakku season commencing November 17. This facility aims to streamline the pilgrimage experience for visitors from across the country and abroad.
India's first silicon carbide semiconductor plant to come up in Odisha
SiCSem, an integrated device manufacturer, has received approval from the India Semiconductor Mission (ISM) and will be established as an Assembly, Testing, Marking, and Packaging (ATMP) facility in Bhubaneswar.
Bihar Elections 2025: Press 'lotus' button to prevent return of RJD's 'jungle raj' in Bihar, says Amit Shah at Darbhanga rally
Home Minister Amit Shah asked Bihar voters to choose the lotus symbol to stop the return of 'jungle raj'. He promised Rs 26,000 crore for Koshi river development and flood prevention. Shah also assured better medical facilities and job opportunities for the youth.
Brookfield lines up $12 bn for green energy in Andhra as it eyes $100 bn India expansion by 2030
Brookfield Asset Management will invest twelve billion dollars in Andhra Pradesh's renewable energy sector over the next three years. This is the largest overseas commitment to India's green energy sector. The global firm also plans to establish a township and multiple hotels under its Leela brand.
Japan’s Aisin Automotive inks 95-year industrial lease for 9 lakh sq ft in Maharashtra
Japanese auto component major Aisin Automotive India has secured a significant industrial land deal. The company will establish a new manufacturing unit in Shendra MIDC, Chhatrapati Sambhaji Nagar. This move marks one of the largest industrial land transactions this year. The facility will be Aisin's second plant in India.
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SK AI data center to become Korea's largest AI facility by 2027
Dozens of workers and five pieces of heavy equipment busily engaged in foundation work at a construction site of SK AI Data Center in Ulsan in the Ulsan Mipo Industrial Complex late last month. This facility is SK Group's AI Data Center, currently being built in collaboration with Amazon Web Services (AWS). Though still in the excavation phase, by 2027, it will become the country's largest AI-dedicated data center.
Panel formed by SC sets up sub-committee to start building Banke Bihari Temple corridor
A Supreme Court appointed panel has formed a 12-member sub-committee to restart the construction of a proposed corridor for the Banke Bihari Temple in Vrindavan. Retired district judge Mukesh Mishra will chair this sub-committee. The main committee, led by retired judge Ashok Kumar, aims to improve devotee facilities.
School Assembly News Headlines for 3rd November: Top national, international, business and sports update
ISRO successfully launched India's heaviest communication satellite, LVM3-M5, while Delhi introduced free travel for women and transgender commuters. Internationally, political violence in Bangladesh has claimed nearly 300 lives since Sheikh Hasina's fall, and Iran plans to rebuild its nuclear facilities. In sports, India A secured a win against South Africa A, and Kane Williamson retired from T20Is.
Iran's president says Tehran will rebuild its nuclear facilities
Iran's President Masoud Pezeshkian vowed to rebuild nuclear facilities with "greater strength" after U.S. strikes, reiterating that the program is for civilian purposes and not for developing nuclear weapons. This statement comes amid warnings from U.S. President Donald Trump of further attacks if Iran restarts its nuclear sites.
SiCSem starts work to build country's first end-to-end chip production project in Odisha
The integrated facility, expected to be operational by 2027-28, will have a capacity of processing 60,000 SiC wafers annually and packaging about 9.6 crore units.
Banks tap Fed Standing Repo Facility in record numbers amid month-end pressures
The Federal Reserve's Standing Repo Facility loaned a record $50.35 billion on Friday to address month-end liquidity pressures in short-term funding markets. Two operations saw the facility lend $30 billion and $20.35 billion, respectively, to eligible financial firms facing temporary cash needs.
US to announce that Dutch chipmaker Nexperia's Chinese facilities will resume shipments
The White House is set to announce that Dutch chipmaker Nexperia's facilities in China will resume shipments. This development offers a significant boost to global auto manufacturers. The Dutch government recently took control of Nexperia, which is owned by Chinese company Wingtech. This move had previously led Beijing to block Nexperia products from leaving China, impacting supply chains.
Ford charges up to make next-gen engines in Tamil Nadu
Ford Motor Company has agreed to invest 3,250 crore to manufacture all-new, next-generation engines at its shuttered factory in Tamil Nadu, reviving protracted plans to renew its manufacturing operations in the facility after more than three years.
Green nod to India’s largest steel plant in Andhra Pradesh
India's largest greenfield steel plant is set to be built in Anakapalli, Andhra Pradesh. AM/NS India secured environmental approval and land for an 8.2 million tonnes per annum facility. The project involves an initial investment of Rs 80,000 crore. Work is expected to begin within the calendar year. The plant's capacity may later expand to 24 MTPA.
UPSC decides to introduce screen reader software for visually impaired candidates in exams
The Union Public Service Commission (UPSC) has decided to introduce screen reader software for visually impaired candidates. This move aims to provide better opportunities in civil services examinations. The UPSC is working on ensuring proper infrastructure and software availability. The Supreme Court is monitoring the implementation. The facility is expected to be available for future examination cycles.
Tuticorin Port signs investment proposals worth over 1 lakh crore
V.O. Chidambaranar Port Authority has signed 28 agreements for green energy projects. These pacts represent an investment exceeding Rs 1.27 lakh crore. Major MoUs include a common storage farm for green ammonia and a green ammonia production facility. These initiatives aim to establish the port as a future green hydrogen hub for southern India.
MTF - A bull market tool gaining momentum; yet a fraction of the global market
Margin Trading Facility (MTF) is gaining traction in India, with its book growing to ₹1 trillion, driven by discount brokers and competitive interest rates. While offering controlled leverage and stock ownership, MTF remains a fraction of the market, indicating significant growth potential compared to global benchmarks.
Narayana Health acquires UK’s Practice Plus Group Hospitals in Rs 2,200 crore deal
Narayana Hrudayalaya Ltd has acquired UK's Practice Plus Group Hospitals for approximately Rs 2,200 crore. This strategic move marks Narayana Health's entry into the UK healthcare market. The acquisition includes seven hospitals and several other facilities. Dr Devi Shetty stated the deal aims to make private healthcare more accessible and affordable.
Drip Capital secures $50 million from TD Bank
Drip Capital helps Indian small and mid-sized businesses access working capital for exports. This facility enables them to grow without collateral concerns.
Karnataka minister Patil inaugurates RangSons Aerospace facility following tie-up with Boeing
In a significant step for Karnataka's aerospace sector, Minister M B Patil inaugurated the new RangSons Aerospace facility in Mysuru. This exciting collaboration with Boeing positions the company at the forefront of innovation. During the event, the minister proudly distributed certificates to ITI graduates who received specialized training at the facility, highlighting RangSons' commitment to excellence that meets global standards.
JM Baxi draws up Rs 10,000 crore ship recycling and repair plan: Sources
JM Baxi plans a significant Rs 10,000 crore investment to establish ship recycling and repair centers, alongside launching cruise operations. The company will also enter the subsea cable deployment industry in India. A major greenfield ship recycling facility near Alang, Gujarat, is slated for operational readiness by 2029.
RBI nomination rule from November 1, 2025: Is it mandatory to have a nominee in your deposit account? Central bank says this
New banking rule: Banks must provide nomination services for deposit accounts, safe deposit lockers, and objects in safe custody under new RBI regulations that go into effect on November 1, 2025.
GlobalFoundries to expand German facility with $1.28 billion investment
US chipmaker GlobalFoundries on Tuesday said it will invest 1.1 billion euros ($1.28 billion) to expand manufacturing capabilities at its German facility as it looks to increase production.
Tata Advanced Systems, Safran open LEAP engine parts unit in Hyderabad
Tata Advanced Systems Limited and Safran Aircraft Engines have taken a significant leap forward with the inauguration of their new facility in Hyderabad. This advanced plant is set to manufacture sophisticated rotating parts for LEAP engines, the powerhouse behind the latest aircraft models.
Newmark announces expansion into India, hires Sathish Rajendren to lead growth in APAC Region Property and Facilities Management
Newmark Group, Inc. has expanded its Property and Facilities Management businesses into India and the APAC region, appointing Sathish Rajendren as Executive Managing Director. Based in Bangalore, Rajendren will lead operations, ensuring consistent management solutions for owners and occupiers. This strategic move underscores Newmark's commitment to delivering holistic, end-to-end real estate services globally.
HARMAN to invest Rs 345 cr in 3 yrs to expand Pune facility
HARMAN will invest Rs 345 crore over three years to expand its Pune automotive electronics manufacturing facility, boosting capacity by 50% and creating 300 new jobs. This expansion will support advanced telematics and next-generation connectivity programs, positioning India as central to HARMAN's global automotive growth.
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