Five semiconductor facilities get ISM nod, Applied Materials to set up R&D
The world’s second-biggest equipment manufacturer for semiconductor fabrication units, Applied Materials Inc., is ready to invest $400 million in India.
Govt approves health insurance for Senior Citizens aged 70 and above
Ayushman Bharat Pradhan Mantri Jan Arogya Yojana, or AB PM-JAY, will offer ₹5 lakh health insurance coverage to approximately six crore Indian citizens.
GST relief announced for foreign airlines, training, cancer drugs, helicopter rides
Goods and Services Tax (GST) Council is forming two groups of ministers: one to plan the GST framework on life and health insurance premiums, and the other to evaluate compensation cess.
India, Singapore to collab for making semiconductor chips
Amid the tension between the US and China, India and Singapore signed a deal to collaborate to manufacture semiconductor chips and digital technologies.
From January 1st, 2025, Kevan will succeed Luca Maestri, the outgoing CFO, who will continue to head the corporate services, information systems and security, IT, and real estate and development.
Its quick commerce arm, BBNow, contributes over 50% to the overall revenue. Starting in the next few weeks, the grocery app will offer only 10-30-minute deliveries.
Pavel Durov, CEO of Telegram, arrested on August 24th in France
The French regulator OFMIN, which protects minors from violence, arrested the 39-year-old Russian-born Pavel Durov, was arrested on Saturday night outside Paris.
Zomato to acquire Paytm’s Insider, movie ticketing biz for ₹2,048 cr
Paytm will also transfer its 280 employees of the ticketing business to Zomato. This move will allow Zomato to expand its entertainment offerings, while Paytm will shift its focus back to fintech.
Road Ministry planning centralised hubs for all transportation modes
The ministry aims to develop integrated public transport and terminals across India, combining road, rail, air, water, helipads, and ropeway modes of transport.
