CM calls for partnership with Hiroshima govt. to create a better, greener and more inclusive world
Aside from his usual meetings with industrial conglomerates inviting investments into Telangana, the Chief Minister said: 'I am not here to talk about investments, but partnership. A partnership to help create a better, greener, and more inclusive world.'
The TelanganaRising delegation led by the Chief Minister paid a ceremonial visit to Hiroshima Prefectural assembly where Speaker Takashi Nakamoto and team of legislators received them. The two sides held wide-ranging talks on cooperation, collaboration and propagating shared values of commitment to peace, sustainability and prosperity.
The Legislators escorted the delegation for business chamber roundtable and followed by a visit to Gandhi Memorial, Hiroshima Memorial Park, and the Atomic Bombing Dome. As a special mark of honour, Mr. Nakamoto took the Chief Minister and Industries Minister D. Sridhar Babu to his chair. Mr. Revanth Reddy said Hiroshima was a symbol of what was possible when people decided to do something together. Like Hiroshima, Telangana too was all about struggle, hope and achievement through hard work, vision and responsibility. 'We both share several values,' he said.
Mr. Sridhar Babu said more than 50 Japanese firms were working wonders in Telangana and the State was ready to welcome many more. There were great opportunities in clean energy, electric mobility, precision manufacturing and green Hydrogen. Mr. Sridhar Babu invited the Hiroshima government officials and business leaders to visit Telangana for seeing first hand what the State was doing. Telangana could be the gateway for Japanese firms to India and platform for their global growth. 'Together, let us build a resilient bridge between Hiroshima and Hyderabad — between Japan and Telangana,' he added.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
18 minutes ago
- Time of India
Japan's Nikkei slips from record high, investors weigh Wall Street lull
Japan's Nikkei share average slipped from a record high to end lower on Tuesday, as investors weighed Wall Street's muted overnight finish, raising concerns that markets have advanced too far, too fast. The Nikkei index closed 0.38% lower at 43,546.29, after rising to a record high of 43,876.42 earlier in the session. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Resmed AirSense 11 with flat 20% off ResMed Buy Now Undo The broader Topix also gave up early gains to end 0.14% lower at 3,116.63. "Caution about the fast-pitched rally prompted investors to book profits," said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities. "Sentiment is strong so if the market sees any positive cues, the momentum will be back," he said. Live Events Wall Street's main indexes closed roughly flat on Monday, after struggling for direction as investors awaited the Federal Reserve's annual symposium in Jackson Hole. Investors will monitor the conference, held from August 21-23, where Chair Jerome Powell is expected to speak. It could offer more clarity on the U.S. economic outlook and the Fed's policy framework. Central banks' policies will be key for the Nikkei in the coming sessions as there are expectations that the Bank of Japan may raise interest rates at its September policy meeting, said Takamasa Ikeda, a senior portfolio manager at GCI Asset Management. SoftBank Group reversed early gains to end 4% lower on Tuesday, becoming the biggest drag for the Nikkei, following news that the Japanese technology investor is taking a $2 billion equity stake in Intel. SoftBank shares have surged 36% so far this month, far outpacing the Nikkei's 9.2% gain. Uniqlo-brand owner Fast Retailing slipped 1.26%. Bucking the trend, chip-making equipment maker Tokyo Electron rose 0.83%. Drugmaker Chugai Pharmaceutical jumped 4.46%, providing the biggest boost to the Nikkei.
&w=3840&q=100)
Business Standard
2 hours ago
- Business Standard
SoftBank invests $2 bn in Intel as chip giant hopes to revive fortunes
SoftBank Group is investing $2 billion in Intel, buying about 87 million shares at $23 each. The move gives the Japanese firm a nearly 2 per cent stake, making it Intel's sixth-largest shareholder, according to a report by The Wall Street Journal. Why it matters Intel has been struggling with steep losses and delays in major projects. The shares of the chip giant lost 60% of their value last year as it could not gain traction in the artificial intelligence (AI) market, which is dominated by Nvidia. The investment is likely to help Intel build a flagship manufacturing hub in Ohio, according to a report in BCC. Market reaction SoftBank's deal was seen as a sign of confidence in Intel. Shares surged 4.5 per cent in after-hours trading, after dropping 3.7 per cent earlier in the day, The Wall Street Journal report said. The bigger picture • Intel posted a $2.9 billion loss in Q2 and is seeking large customers for its new AI chips. • The company has been the largest beneficiary of the 2022 Chips and Science Act, which allocated about $8 billion for new facilities in Ohio and other US states. • Some officials now want to convert those subsidies into government equity in Intel, a move they said would better safeguard taxpayer money. Intel's concerns • Intel's Ohio facility has been plagued by years of delays, frustrating lawmakers who accuse the company of misleading the government. • Commerce Secretary Howard Lutnick is exploring how equity stakes might give taxpayers better returns than traditional subsidies. Intervention in private sector The Trump administration has increasingly intervened in the private sector. Recent deals include: • Securing a 15 per cent revenue share from Nvidia and AMD's China sales in exchange for export licenses. • Gaining a 'golden share' in Nippon Steel's takeover of US Steel. The track record • Intel's share price has dropped more than 50 per cent since early last year. • Analysts argue its products lag behind rivals in the AI era. • SoftBank, led by Masayoshi Son, has invested heavily in tech giants like Amazon, Apple and Arm Holdings.
The Hindu
2 hours ago
- The Hindu
SoftBank to invest in Intel; Google announces nuclear reactor site; Foxconn bets big on the AI boom
SoftBank to invest in Intel The Japanese SoftBank Group announced it will invest $2 billion in Intel, with the update coming as its founder Masayoshi Son tries to align himself with U.S. President Donald Trump. Separately, media reports indicated that the U.S. government could be considering taking a 10% stake in Intel, which has struggled to retain its competitive edge in the Generative AI era. The American chipmaker has fallen far behind rival Nvidia, and continues to face operational challenges in spite of CEO Lip-Bu Tan taking over the company earlier this year. SoftBank is set to pay $23 per share of Intel common stock. Though Trump recently called on Tan to resign, citing conflicts of interest, he appeared to change his opinion after meeting the Intel CEO in person. SoftBank is also set to play a major role in the $500-billion Stargate project to develop AI infrastructure in the U.S. with Oracle and OpenAI. Google announces nuclear reactor site Google and Kairos Power have chosen the U.S. state of Tennessee in order to establish a nuclear power plant that is slated to supply electricity to Google data centres in the U.S. southeast region from 2030. The deal is intended to support 500 megawatts of advanced nuclear capacity, or about enough power for 350,000 homes. The venture is significant as it is a landmark power purchase agreement for 'generation IV nuclear power,' which is touted as being safer and more sustainable. The reactor in Tennessee is the first to be deployed under Google's corporate agreement as the company looks to buy nuclear energy from small modular reactors. U.S. Energy Secretary Chris Wright said that the Department of Energy had assisted Kairos Power with the project, and hailed 'the next American nuclear renaissance.' Foxconn bets big on the AI boom Foxconn was for several years known as the Taiwanese electronics giant that made its name through the assembly of millions of Apple iPhones, but it is now shifting to Generative AI. For the first time in the second quarter, the company's revenue from making AI servers and related products was more than that of smart consumer products like Apple's iPhone. Foxconn's earlier reliance on iPhone manufacturing was seen as a risk, and especially in light of geopolitical trade challenges and slowing demand growth for the premium smartphones. However, Foxconn Chairman Young Liu since 2019 has encouraged the company to focus on AI servers, electric vehicles, and semiconductors to diversify its approach. Foxconn next became successful in the AI server manufacturing business and is Nvidia's biggest server maker.
