Spain’s Submer to invest $2 billion in Madhya Pradesh semiconductor sector, may create 5,000 jobs

Spainish tech giant Submer Group on Monday announced a $2 billion investment in Madhya Pradesh’s semiconductor industry, a move expected to create nearly 5,000 direct employment opportunities.The announcement was made at the MP Tech Growth Conclave 3.0: GCC – Data Centres and Semiconductors, according to a senior state government official.“A $2 billion investment (19,000 crore…

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‘Unpredictable fluctuations’ in airfares: SC asks Centre to place rules before it within 2 weeks

SC asks Centre to place rules before it within 2 weeks NEW DELHI: The Supreme Court on Monday directed the Centre to place before it, within two weeks, the rules framed under the Bharatiya Vayuyan Adhiniyam, 2024, while hearing a plea seeking regulatory guidelines to curb the “unpredictable fluctuations” in airfares and ancillary charges imposed…

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‘Completely false and misleading’: Piyush Goyal rebuts report of India holding up US trade pact

NEW DELHI: Centre on Monday firmly rejected reports claiming that India was delaying an interim trade agreement with the United States, calling them “completely false, baseless and misleading” and asserting that negotiations between the two countries remain on track.The clarification came after a Reuters report claimed that India was unwilling to rush into a trade…

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Renewable energy boost: Aditya Birla Group to buy Shell-backed Sprng Energy; deal worth $1.8 billion

The final equity payment to Shell will be calculated after taking into account adjustments related to debt, cash and other items outlined in the transaction agreements. (AI image) Aditya Birla Renewables Ltd (ABRen), the renewable energy arm of Grasim Industries, has entered into an agreement to acquire Sprng Energy from Shell Overseas Investment BV in…

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Why Dubai’s housing market slowed in 2026; sales fell 16%, prices dipped by 7%

Housing sales and prices in Dubai plunged to Middle East war Dubai’s residential property market slowed down in the first half of 2026 as geopolitical tensions in West Asia weighed on buyer sentiment, with housing sales falling 16 per cent year-on-year, according to real estate consultancy Anarock.Residential transactions totalled AED 225.7 billion during the January-June…

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Retail inflation jumps to 4.38% in June, driven by food, jewellery prices; breaches RBI’s 4% target

Retail inflation crosses RBI target, at 4.38% India’s retail inflation rose to 4.38 per cent in June, up from 3.93 per cent in May, as higher food prices pushed up the overall Consumer Price Index (CPI), according to provisional data released by the ministry of statistics and programme implementation (MoSPI) on Monday.Food inflation, measured by…

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