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The Skoda-Auto Volkswagen India Pvt. LTD has received the necessary approvals to invest around Rs.15,000 crore from the Maharashtra Government to expand production capacity in India. This investment will be used to expand the company’s manufacturing capabilities and develop new electric vehicles (EVs) for the Indian market. Green signal for this investment The green signal Read more: Skoda-Auto Volkswagen Rs.15000 Cr Investment approved..
The minutes from the Federal Open Market Committee (FOMC) meeting held on July 30-31, 2024 released highlights a “Strong Inclination Towards a Rate Cut in September”. The “vast majority” of Fed officials expressed support for potentially lowering interest rates at their next meeting in September, if inflation continues to cool down as expected. Several participants Read more: FOMC minutes highlights a strong inclination towards a Rate Cut in September..
The U.S. Department of Commerce has approved up to $1.6 billion in direct funding for Texas Instruments (TI). This substantial funding is part of the CHIPS and Science Act, aimed at boosting domestic semiconductor manufacturing capabilities. Texas Instruments Incorporated (TI) is a global semiconductor design and manufacturing company that develops analog and embedded processing chips. Read more: Texas Instruments Inc. Secures $1.6 Billion US Funding for Chip Manufacturing ..