India’s first dedicated Telecom Manufacturing Zone (TMZ) in Gwalior has received cumulative investment commitments worth ₹5,500 crore, marking a significant step in the country’s efforts to strengthen domestic telecom manufacturing. The latest round of proposals, valued at ₹2,000 crore, was announced during the second Investors’ Meet held in Mumbai on Tuesday and is expected to create nearly 4,000 new jobs.
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Trump Administration Drafting Ban on Chinese Data Center Devices to Protect US AI Infrastructure
The Trump administration is preparing new restrictions that could block the import of certain Chinese-made data center components into the United States, according to Reuters. The proposed measure is aimed at strengthening the security of infrastructure that powers artificial intelligence systems and preventing potential cybersecurity risks linked to foreign technology.
SpaceX Revenue Nearly Doubles in First Earnings Report Since IPO as Starlink and AI Drive Strong Growth
SpaceX reported a sharp increase in revenue in its first quarterly earnings release since becoming a publicly traded company, with rapid expansion in its Starlink satellite internet business and artificial intelligence operations helping lift overall performance. The company said revenue for the April–June quarter reached $7.8 billion, compared with $4.1 billion during the same period last year, surpassing Wall Street expectations and offering investors an early look at the business following its record-breaking public listing.
India to Sell Up to 6.5% Stake in LIC Through ₹31,400 Crore Offer for Sale
The Government of India has announced plans to divest up to a 6.5% stake in Life Insurance Corporation of India (LIC) through an Offer for Sale (OFS), a move that could raise as much as ₹31,400 crore (approximately $3.3 billion). The transaction is part of the government’s broader strategy to meet minimum public shareholding norms while continuing its disinvestment programme.
India Bars Sale of Some Diageo and Inbrew Liquor Brands Over Artificial Flavouring Concerns
India’s food safety regulator has restricted the sale of several popular whisky and rum brands produced by Diageo’s Indian unit and Inbrew Beverages after tests found the presence of external artificial or nature-identical flavouring substances in the products. The Food Safety and Standards Authority of India (FSSAI) said the products did not meet required standards because flavours were being added to replicate characteristics that should come from natural ingredients or ageing processes.
Juniper Green Energy IPO Allotment Expected Today: Here’s How to Check Status on KFin, NSE and BSE; Listing on August 6
Investors who applied for the Juniper Green Energy IPO are expected to know the outcome of their applications on Tuesday, August 4, as the company is likely to finalise the basis of allotment. Once the allotment process is completed, applicants will be able to check their status online through the official portal of KFin Technologies, the IPO registrar, as well as on the websites of the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).