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CG Power's subsidiary, CG Semi, launched an OSAT facility in Gujarat. The company plans to invest over Rs 7,600 crore in two advanced facilities. Nomura predicts a 26.5% upside for CG Power stock. Commercial production is expected to begin in 2026. The project aims to boost India's semiconductor manufacturing and technological self-reliance.
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Yes Bank shares rose after reports that Japans SMBC may infuse an additional 16,000 crore, on top of its earlier 13,500 crore investment for a 20% stake, to strengthen the lenders balance sheet.
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The US scraps its de-minimis exemption, meaning no more duty-free entry of small parcels to the US.
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