Latest news with #SurbhiMisra
Zawya
23-05-2025
- Politics
- Zawya
Pakistan extends airspace ban for Indian airlines until June 24
Pakistan extended its airspace closure for all Indian-owned or Indian-operated airlines until 4:59 a.m. local time on June 24, the Pakistan Airports Authority said in a statement on Friday. The restriction applies to "all aircraft registered, operated, owned, or leased by India" and includes Indian military aircraft, the authority said in a statement. The move extends restrictions first imposed last month amid continuing tensions between the two nuclear-armed neighbours. (Reporting by Ariba Shahid in Karachi; Writing by Surbhi Misra; Editing by Toby Chopra in New Delhi)
Time of India
14-05-2025
- Business
- Time of India
India approves HCL-Foxconn joint venture semiconductor unit
By CK Nayak and Surbhi Misra NEW DELHI: India's cabinet has approved a new semiconductor plant, a joint venture between HCL Technologies and Taiwan's Foxconn , costing 37.06 billion rupees ($435 million), information minister Ashwini Vaishnaw said on Wednesday. The plant, which will be located near the Jewar airport in the northern state of Uttar Pradesh, is designed for a capacity of 20,000 wafers per month and can produce 36 million display driver chips, Vaishnaw said at a cabinet briefing in New Delhi. The facility, which is the sixth plant approved under the India Semiconductor Mission , will begin commercial production in 2027, he added. Indian Prime Minister Narendra Modi has made chipmaking a top priority for India's economic strategy to boost its role in global electronics manufacturing, but the country currently has no operational chipmaking facility. Earlier this month, Reuters reported that Indian billionaire Gautam Adani's group paused discussions with Israel's Tower Semiconductor for a $10-billion chip project after an internal review raised uncertainties around commercial demand. The Maharashtra state government had initially announced approval for the Adani-Tower venture in September, which was expected to produce 80,000 wafers monthly and create 5,000 jobs. In 2023, Foxconn's proposed $19.5-billion joint venture with Indian conglomerate Vedanta collapsed amid Indian government concerns over escalating project costs and delays in approving incentives. Despite setbacks, other chip projects remain under development, including an $11-billion chip manufacturing and testing facility by the Tata Group and a $2.7 billion chip packaging plant by U.S.-based Micron.
Zawya
09-05-2025
- Politics
- Zawya
India directs ports, terminals and shipyards to increase security levels
NEW DELHI: India directed all ports, shipping terminals and shipyards to implement increased security measures, according to a government order issued on Thursday, amid heightened tensions with its neighbour Pakistan. (Reporting by Nidhi Verma, Writing by Surbhi Misra; Editing by Jacqueline Wong)
Zawya
09-05-2025
- Politics
- Zawya
India considers suspending Indian Premier League T20 cricket tournament, source says
NEW DELHI: India's cricket board is considering suspending the popular Indian Premier League T20 tournament amid rising tensions between India and Pakistan, a source familiar with the matter told Reuters on Friday. (Reporting by Aditya Kalra, Writing by Surbhi Misra; Editing by YP Rajesh)
Zawya
09-05-2025
- Business
- Zawya
Pakistan says economic affairs ministry's X account hacked
Pakistan's ministry of economic affairs said on Friday that its X account had been hacked after a post was published on it appealing to international partners for more loans amid rising tensions with its neighbour India. "We are working to have the Twitter (X) switched off," the ministry told Reuters, adding that they "did not tweet" about it. (Reporting by Surbhi Misra and Ariba Shahid; Editing by Himani Sarkar)
