Business

TSMC advances Arizona Fab 2 mass production to second half of 202

Taiwan Semiconductor Manufacturing Co. (TSMC) moved forward the mass production schedule for its second wafer fab in Arizona to the second half of 2027. According to a report by Focus Taiwan, Chairman & CEO C.C. Wei announced the adjustment from the previously planned 2028 timeline during an investor conference on Thursday. Wei stated the decision to accelerate the schedule followed strong demand from American clients who urged the company to hasten production.

2026-01-16T07:18:18.769899+00:00 IST

Budget may address customs rate slabs, inverted duty structures

The government is expected to turn its attention to India's customs law and duty structure in the upcoming Union Budget, with possible announcements on rate rationalisation and a broader review of the customs framework, says Deloitte India Partner Saloni Roy.

2026-01-16T06:49:19.966543+00:00 IST

TSMC forecasts nearly 30% sales growth in 2026, plans capex expan

Taiwan Semiconductor Manufacturing Co. (TSMC) projects its sales to grow by nearly 30 per cent in 2026, driven by robust demand for artificial intelligence (AI) and a recovery in non-AI applications. The company also plans to expand its capital expenditure by as much as 37 per cent to accommodate client requirements, according to a report by Focus Taiwan.

2026-01-16T06:45:15.344732+00:00 IST

World Bank okays $286 million loan to improve Bengal healthcare

The World Bank has approved financing for a program to improve the quality of life and life expectancy in West Bengal through wider, more equitable access to quality healthcare.

2026-01-16T06:37:45.097972+00:00 IST

Startup India marks 10 years with 2 lakh Startups

India's startup landscape has reached a historic milestone as the nation celebrates ten years of the Startup India initiative, with official data revealing that over 50 new startups are now being recognised across the country every single day.

2026-01-16T06:35:13.995759+00:00 IST

IMF to upgrade India outlook later this month

India continues to remain a key growth engine for the global economy, with its economic performance staying strong and resilient, according to the International Monetary Fund (IMF).

2026-01-16T05:49:39.593383+00:00 IST

CBIC extends export incentives through postal benefit framework

The Central Board of Indirect Taxes and Customs (CBIC) has announced a major policy shift aimed at strengthening India's e-commerce landscape by extending key export incentives to goods shipped via the postal route. Effective from January 15, 2026, this move is designed to integrate small-scale exporters into the mainstream global trade network.

2026-01-16T05:16:31.585506+00:00 IST

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Business

PM Modi celebrates 10 years of Startup India movement

Prime Minister Narendra Modi today celebrated a historic milestone as the Startup India Movement marked its tenth anniversary. On National Startup Day, Prime Minister Narendra Modi congratulated all the stakeholders associated with India's Startup industry. Posting on his social media account, he wrote, "Today is special because we mark a decade since the launch of Startup India. This day is about celebrating the courage, spirit of innovation and entrepreneurial zeal of our people, especially our youth, who have powered India's rise in the global Startup ecosystem."

2026-01-16T05:03:57.731881+00:00 IST

Business

Nearly 3,000 global leaders from 130 countries expected at WEF

The World Economic Forum (WEF) Annual Meeting 2026 is set to begin in Davos on January 19, bringing together an unprecedented gathering of global political leaders, corporate chiefs and policymakers amid heightened geopolitical and economic uncertainty.

2026-01-16T04:38:02.102062+00:00 IST

Business

Sensex, Nifty edge up in early trade amid FPI selling

The domestic equity benchmarks opened marginally higher on Thursday but are expected to remain cautious and range-bound through the session, weighed down by persistent foreign portfolio investor (FPI) selling, mixed global cues and limited expectations from the upcoming Union Budget.

2026-01-16T04:28:44.224890+00:00 IST

Business

Rural cultivation incomes under pressure as food prices decline

Rural cultivation incomes have come under sharp pressure as a decline in food prices during the CY25 Kharif season dragged down farmers' earnings across key crops, according to a report by Elara Securities.

2026-01-16T03:59:06.774476+00:00 IST

Business

Affordable and Rental housing take centre stage in Real Estate

As expectations build around Union Budget 2026, the real estate industry has pitched for urgent policy support to revive affordable housing and strengthen rental housing, warning that growth in the sector is becoming increasingly uneven.

2026-01-16T02:40:14.295787+00:00 IST

Business

'Expecting India's exports to touch USD 850 billion'

India is on track to cross USD 850 billion in total exports for the current financial year (FY 2025-26), driven by steady performance in both merchandise and services despite a challenging global economic climate.

2026-01-15T16:53:09.912082+00:00 IST

Business

Over 2 lakh women-led MSEs secure Rs 80,000 crore in orders

The Government e-Marketplace (GeM) marked seven years of its flagship Womaniya initiative, a programme designed to strengthen the participation of women-led Micro and Small Enterprises (MSEs) in public procurement.

2026-01-15T16:47:26.752494+00:00 IST

Business

"Reflects our continued commitment": Adani Group

The upgrade reflects the group's continued commitment to nation-building and India's transformation, enabling measured growth and supporting the foundations of a stronger future India.

2026-01-15T16:13:33.192091+00:00 IST

Business

Centre releases 1st instalment of FC Grants for Sikkim

According to an official press release from the Ministry of Panchayati Raj, the total disbursement for this instalment amounts to Rs 643.50 lakh. The funding is intended to bolster the administrative and developmental capacity of the state's grassroots institutions.

2026-01-15T15:30:38.628613+00:00 IST

Business

India healthcare deals surge past Rs 10,000 crore in Q2 FY26: EY

India's healthcare sector recorded a cumulative deal value exceeding Rs 10,000 crore in the second quarter of the 2026 fiscal year. According to the EY-Parthenon India Q2FY26 Healthcare Sector Update, this resilient performance was supported by rising demand for high-end clinical specialities and steady capacity expansion by hospital chains.

2026-01-15T13:06:14.045968+00:00 IST

Business

Karnataka’s GI-Tagged agri products exported to Maldives

In a landmark move for India's agricultural diplomacy and trade, three of Karnataka's Geographical Indication (GI) tagged products--the Nanjangud Rasabale Banana, Mysore Betel Leaves, and Indi Lime--have been exported to the Maldives, stated Piyush Goyal, Union Minister of Commerce & Industry on his X account on Thursday.

2026-01-15T13:03:59.277770+00:00 IST

Business

Moody's upgrades outlook on APSEZ, ATSOL, AEML; reaffirms ratings

Moody's Ratings has upgraded the outlook of Adani Ports and SEZ, Adani Transmission Step-One Limited and Adani Electricity Mumbai Limited, and reaffirmed the ratings.

2026-01-15T12:53:19.011431+00:00 IST

Business

Google committed to support Indian startups

Preeti Lobana, Country Manager for India at Google, noted that "Indian startups are building serious deep technology and solving population-scale problems with AI," emphasising that Google's focus is on supporting them across skills, infrastructure, trust, and market access.

2026-01-15T12:28:13.229094+00:00 IST

Business

SEBI’s in-principle nod “good news” but IPO months away: NSE MD

This comes after the SEBI Chairman recently indicated to clear NOC for the IPO, possibly this month. Tuhin Kanta Pandey said that the Board is at a very advanced stage of issuing the No Objection Certificate (NOC).

2026-01-15T12:17:47.155413+00:00 IST