World Updates
According to sources at the US Embassy in Rome, US Immigration and Customs Enforcement (ICE) agents will take a limited security role during the Milan-Cortina Winter Olympics, The Associated Press reported, citing embassy officials. ICE Role During the Milan-Cortina Winter Olympics According to the officials, federal ICE officers will not carry out operational security or … Read more
Significant tariff reductions on pharmaceutical and optical, medical, and surgical equipment exports from Europe to India are part of India’s historic free trade agreement with the European Union, which was finalized on Tuesday. Impact on Pharmaceutical Imports from Europe Pharmaceutical shipments from Europe to India would no longer be subject to tariffs, which were previously … Read more
The Aditya Birla Group’s flagship metals company, Hindalco Industries Ltd., unveiled a Rs 21,000-crore plan to expand its aluminum smelter in Odisha on Tuesday. Hindalco’s Major Aluminum Expansion in Odisha The business has put into service a Rs 4,500-crore plant for the production of battery-grade aluminum foil and flat rolled goods. Lithium-ion batteries used in … Read more
The European Securities and Markets Authority may be able to resume recognizing Indian central counterparties like the Clearing Corporation of India Ltd. thanks to the Memorandum of Understanding. RBI–ESMA MoU Opens Door for EU Recognition of Indian CCPs In order to facilitate regulatory collaboration and possibly for Indian clearing houses to apply for EU recognition, … Read more
Union Minister Ashwini Vaishnaw stated on Tuesday that the government wants to produce advanced 3-nanometer (3nm) semiconductors by 2032, which are utilized in contemporary computers and cellphones. India’s 3-Nanometer Semiconductor Manufacturing Vision According to the minister, the government’s second phase of the Design-Linked Incentive (DLI) Scheme will concentrate on six types of chips. Compute, radio … Read more