India-US tech partnership in semiconductors, AI enters industrial phase

IANS | June 1, 2026 1:56 PM

New Delhi, June 1 (IANS) The India-US partnership in semiconductors and artificial intelligence (AI), which got a fresh push during US Secretary of State Marco Rubio’s recent visit to India, has rapidly evolved from strategic dialogue to industrial execution. Anchored by the US-India TRUST Initiative and the PAX Silica Declaration, both nations are collaborating to build trusted tech supply chains, expand computational capacity, and establish joint R&D projects.

Goods and services sectors’ taxable supply rise 27 pc in early FY27

IANS | June 1, 2026 1:32 PM

New Delhi, June 1 (IANS) India’s consumption and economic activity, because of strong domestic demand momentum, remained robust in early period of FY27, with goods taxable supply rising 27 per cent and services expanding 22.2 per cent in April, according to government sources on Monday.

RBI likely to hold rates over next few quarters: Report

IANS | June 1, 2026 12:47 PM

New Delhi, June 1 (IANS) The Reserve Bank of India’s Monetary Policy Committee (MPC) is expected to keep interest rates on hold on June 5, as a sharp correction in Brent crude prices has eased concerns around inflation, a report said on Monday.