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Foxconn dumps $19.5 bn Vedanta Chip Venture, dealing a blow to India’s semiconductor plans

KATHMANDU: In a significant setback to India’s ambitions of becoming a major player in chipmaking, Taiwanese electronics giant Foxconn has announced its withdrawal from a high-profile $19.5 billion semiconductor joint venture with Indian conglomerate Vedanta. This decision deals a blow to Prime Minister Narendra Modi’s vision of establishing India...

Foxconn dumps $19.5 bn Vedanta Chip Venture, dealing a blow to India’s semiconductor plans
Tragic helicopter crash in Lamjura: Manang Air incident claims lives of five passengers

Tragic helicopter crash in Lamjura: Manang Air incident claims lives of five passengers

Pokhara chamber urges reduction in parking fees at Pokhara Regional International Airport

Pokhara chamber urges reduction in parking fees at Pokhara Regional International Airport

Transactions blocked: federal, provincial, and local government accounts frozen

Transactions blocked: federal, provincial, and local government accounts frozen

Nepal achieves record remittance inflow during current fiscal year

Nepal achieves record remittance inflow during current fiscal year

Hetauda-Bharatpur transmission line commence operation, boosting power supply

Hetauda-Bharatpur transmission line commence operation, boosting power supply

PPMO demands written clarification from underperforming construction companies

PPMO demands written clarification from underperforming construction companies

Only 26.71% of paddy planting completed in Nepal, lagging behind last year

Only 26.71% of paddy planting completed in Nepal, lagging behind last year

Nepali mangoes dominate the market with bumper production this year

Nepali mangoes dominate the market with bumper production this year

Govt’s excessive last-minute spending raises concerns of fiscal discipline

Govt’s excessive last-minute spending raises concerns of fiscal discipline

NRB instructs BFIs to extend Saturday services for next two weeks

NRB instructs BFIs to extend Saturday services for next two weeks

FNCCI President, IMF resident representatives held meet, stressed for collaboration for economic stability

FNCCI President, IMF resident representatives held meet, stressed for collaboration for economic stability

Private sector urges loose monetary policy to boost demand

Private sector urges loose monetary policy to boost demand

Former secretaries, including ex-CIAA chief basnyat, face arrest warrants in Lalita Niwas land scam

Former secretaries, including ex-CIAA chief basnyat, face arrest warrants in Lalita Niwas land scam

NEPSE obtains approval for internal testing of ‘NEPSE 30 Index’: Exploring the essence of the new index

NEPSE obtains approval for internal testing of ‘NEPSE 30 Index’: Exploring the essence of the new index

NEB publishes SEE results

NEB publishes SEE results

MoCTCA demands additional explanation from DG Adhikari of CAAN

MoCTCA demands additional explanation from DG Adhikari of CAAN

IME Life Insurance Company’s IPO opens at Rs 236.91

IME Life Insurance Company’s IPO opens at Rs 236.91

Nepal nears inclusion in FATF’s ‘grey list’ as money laundering case looms

Nepal nears inclusion in FATF’s ‘grey list’ as money laundering case looms

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World Business

USAID shutdown triggers 40pc drop in Nepal’s star hotel business

USAID shutdown triggers 40pc drop in Nepal’s star hotel business

Trade wars erupt as Trump hits Canada, Mexico, China with steep tariffs

Trade wars erupt as Trump hits Canada, Mexico, China with steep tariffs

Mass layoffs at USAID as Trump administration cuts global aid programs

Mass layoffs at USAID as Trump administration cuts global aid programs

Nepal bans import of European helicopters, citing safety concerns

Nepal bans import of European helicopters, citing safety concerns

Elon Musk-led DOGE halts grants to Nepal for federalism and biodiversity conservation

Elon Musk-led DOGE halts grants to Nepal for federalism and biodiversity conservation

RBI cuts interest rates for the first time in five years: A boost for economic growth

RBI cuts interest rates for the first time in five years: A boost for economic growth

‘inDrive ready to lead Nepal’s digital transformation, Nepal is our key market’

‘inDrive ready to lead Nepal’s digital transformation, Nepal is our key market’

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