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.

From UPI security to LPG prices, financial changes take effect from June 1

IANS | June 1, 2026 11:18 AM

New Delhi, June 1 (IANS) Several financial changes affecting consumers and businesses have come into effect from June 1, ranging from security measures for Unified Payments Interface (UPI) transactions and changes in ATM withdrawal rules to tax-related deadlines and higher commercial LPG prices.

Hyundai Motor India, M&M report healthy sales growth in May

IANS | June 1, 2026 10:36 AM

Mumbai, June 1 (IANS) Leading automobile companies continued to report healthy sales momentum in May, with Hyundai Motor India Ltd (HMIL) and Mahindra & Mahindra (M&M) posting growth in domestic sales amid sustained demand, according to data released on Monday.

UPI clocks 24 pc growth, transactions hit 23.2 billion in May

IANS | June 1, 2026 9:56 AM

Mumbai, June 1 (IANS) India's digital payments ecosystem witnessed continued growth, with Unified Payments Interface (UPI) transaction volumes rising 24 per cent year-on-year to 23.20 billion and transaction value nearing the Rs 30 lakh crore mark in May, according to data released by the National Payments Corporation of India (NPCI) on Monday.

Intel, Odisha explore chip packaging facility

IANS | June 1, 2026 1:57 AM

Washington, June 1 (IANS) Intel Corporation and 3D Glass Solutions have signed a memorandum of understanding with the Odisha government to explore establishing an advanced semiconductor glass core packaging substrate manufacturing facility, a move that could strengthen India's ambitions to become a global semiconductor hub.